Two-Story Rooming House
3108 N Myrtle Avenue Unit 3108 Jacksonville, FL 32209
3108 N Myrtle Avenue Unit 3108, Jacksonville, FL, 32209
$200,000
For Sale
$200,000
Active 1927 two-story rooming house offers flexible income space under CCG-2 zoning.
Property Size1,392 SF
Price / SF$143.68
Days on Market237
Property Features for 3108 N Myrtle Avenue Unit 3108
General Information
- Standard status
- Active
- Size
- 1,392 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1927
Listing agency
FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT
(904) 996-9115
Listed by
ANTOINETTE JACKSON · License #3285934
Source
Xome
Added: Nov 28, 2025 Updated: Jul 22 at 3:41PM Checked: Jul 23 at 3:26AM
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 FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT
Investment Insights
Based on property information with market context.
This for-sale property is an active rooming house in a two-story building originally constructed in 1927. The building provides flexible interior space totaling 1,392 sq ft, with a layout described as suitable for multiple tenants. The property is positioned for an investor looking at value-add reimagining into uses such as updated rental suites, boutique offices, wellness or beauty studios, creative workspaces, or mixed-use commercial space.
The offering includes parcels 086552-0000 and 086554-0000 as part of the package, expanding the scope for an investor’s plans. The property is located at 3108 N Myrtle Avenue Unit 3108, Jacksonville, FL 32209, and operates in a growing commercial corridor.
With CCG-2 zoning, the site is presented as versatile for a multi-tenant configuration and potential redevelopment of existing space to better match commercial uses.
The offering includes parcels 086552-0000 and 086554-0000 as part of the package, expanding the scope for an investor’s plans. The property is located at 3108 N Myrtle Avenue Unit 3108, Jacksonville, FL 32209, and operates in a growing commercial corridor.
With CCG-2 zoning, the site is presented as versatile for a multi-tenant configuration and potential redevelopment of existing space to better match commercial uses.
Key Highlights
- Active 1927 two‑story rooming house with 1,392 sq ft of flexible space for multiple tenants
- CCG‑2 zoning offers versatility for residential, office, and studio use concepts (buyer to verify uses)
- Guest facilities: 3
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.7k | $14.88 |
| − Vacancy | −$2.0k | −$1.43 |
| EGI | $18.7k | $13.45 |
| − OpEx | −$8.4k | −$6.05 |
| NOI | $10.3k | $7.40 |
1,392 SF · lease $14.88/SF/yr · vacancy 9.60% · expense 45.00%
Alternative Uses
Best Use
Office B
$286.0K
$250.3K – $333.7K
NOI $20,020 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$147.1K
$128.7K – $171.6K
NOI $10,298 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$381.3K
$333.7K – $444.9K
NOI $26,693 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Active 1927 two-story rooming house offers flexible income space under CCG-2 zoning.
Where is this residential income property located?
The property is located at 3108 N Myrtle Avenue Unit 3108 Jacksonville, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Active 1927 two‑story rooming house with 1,392 sq ft of flexible space for multiple tenants; CCG‑2 zoning offers versatility for residential, office, and studio use concepts (buyer to verify uses); Guest facilities: 3
