Updated Brick
For Sale
$459,000
3107 Post Street, Jacksonville, FL 32205
Updated interiors, in-unit laundry, and a fenced parking area support practical residential operations.
Property Size1,974 SF
Days on Market38
Property Features for 3107 Post Street
General Information
Standard status
Active
Size
1,974 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,453
Amenities
fenced backyard
off-street parking
in-unit washer/dryer
Building Details
Building Size
1,974 SF
Year Built
1948
Units
3
Construction
brick
Listing Agency:
WATSON REALTY CORP
(904) 607-1139
Listed By:
MARK E FEAGLE · License #3370253
(904) 607-1139
Source:
Modernrealtyputnam
Added: Jul 21
Changed: Aug 23
Last Checked: Aug 26 at 10:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WATSON REALTY CORP
Investment Insights
Based on property information with market context.
Built in 1948, this brick triplex includes one 2-bedroom, 1-bath residence and two 1-bedroom, 1-bath residences. Recent property improvements include new refrigerators, in-unit washers and dryers, refreshed interiors, and additional updates throughout the building. The fenced rear yard has been adapted for dedicated off-street parking.
The property is located at 3107 Post Street in Jacksonville, near the historic Riverside area. Restaurants, breweries, shopping, parks, downtown Jacksonville, and major hospitals are described as minutes away, placing a range of services and destinations within the surrounding area.
The property is located at 3107 Post Street in Jacksonville, near the historic Riverside area. Restaurants, breweries, shopping, parks, downtown Jacksonville, and major hospitals are described as minutes away, placing a range of services and destinations within the surrounding area.
Key Highlights
- Triplex with one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units
- All‑brick property built in 1948
- New refrigerators and in‑unit washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,535
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$370,700
$370.7K
Cap Rate 7%
$264,786
$264.8K
Cap Rate 9%
$205,944
$205.9K
Market Conditions
NOI Build-Up for 1,974 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.1K $14.76/SF
− Vacancy
−$2.7K −$1.35/SF
EGI
$26.5K $13.41/SF
− OpEx
−$7.9K −$4.02/SF
NOI
$18.5K $9.39/SF
Area
Jacksonville, FL
Vacancy
9.12%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$370,700
Cap Rate 7%
$264,786
Cap Rate 9%
$205,944
Alternative Uses
Best Use
Multifamily LT 5
$264.8K
$231.7K – $308.9K
NOI $18,535 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$208.6K
$182.6K – $243.4K
NOI $14,604 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$540.8K
$473.2K – $630.9K
NOI $37,853 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Updated interiors, in-unit laundry, and a fenced parking area support practical residential operations.
Where is this triplex located?
The property is located at 3107 Post Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Triplex with one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units; All‑brick property built in 1948; New refrigerators and in‑unit washers and dryers
