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    Historic Springfield Multifamily Investment Opportunity Title is generated by Realmo AI

    324 E 7TH Street, Jacksonville, FL 32206

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    Claim this Listing
    For Sale
    $550,000

    MULTI_FAMILY - Jacksonville, FL

    Property size:
    3,490 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $157/SF
    Added:
    Feb 20, 2026
    Days on Market:
    120
    Last Refresh:
    Jun 20 at 4:06 pm

    Property Features for 324 E 7TH Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    6
    Rooms
    Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 6, Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 5, Bathroom 1, Bedroom 6
    Parking features
    On Street, Garage
    Appliances
    Electric Oven, Electric Water Heater, Microwave, Refrigerator
    Standard status
    Active
    APN
    0722940000
    Size
    3,490 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3155

    Utilities

    Utilities
    Cable Available
    Cooling system
    Wall/Window Unit(s), Window Unit(s), Varies by Unit
    Water source
    Public

    Building Details

    Year built
    1909
    Floors in Building
    1
    Number of units
    6
    Flooring type
    Tile, Wood, Laminate
    Roof type
    Metal, Shingle
    Additional Structures
    Guest House

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    Listing Contact
    HAROLD McCART, III

    Listing agent HAROLD McCART, III License #3408543

    Listing office BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY 3627 ST. JOHNS AVE, Jacksonville, FL

    Listing date Feb 20, 2026

    MLS# 2131307 Listing URL

    Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Six rentable units offer exceptional investment potential and income generation.
    • Versatile property allows for multiple living configurations.
    • Historic Springfield location with timeless charm.
    • Includes a two‑car garage with private alley‑access driveway.
    • Roof replaced in 2019 (main house) and durable metal roof on garage apartment.
    • One rear home is fully renovated and tenant‑occupied, providing immediate rental income.

    Overview

    This multi-family property, constructed in 1909, is located in Historic Springfield. The property features a quadplex and two additional homes at the rear, totaling six rentable units. The main residence includes architectural details such as a screened front porch, a screened sleeping porch on the second floor, and a sun porch with French windows. Each apartment in the main house has a one-bedroom, one-bath layout. The roof was replaced in 2019, and the garage apartment has a metal roof. Two of the units need kitchen updates, and one bathroom requires a sink repair or replacement. One of the rear homes has been fully renovated. The property includes a private alley-access driveway leading to a two-car garage, which is part of the third residential structure. One of the rear homes is tenant-occupied. The property is suitable as an investment property, with the potential to rent all six units. The estate offers multiple living configurations, including converting the main house into a duplex and generating income from the remaining units, or creating a single-family compound with separate accommodations. The property size is 3490 square feet, and the lot size is 0.24 acres.

    Local Financial Insights For Multifamily LT 5

    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 $51.5k $14.76
    − Vacancy −$4.7k −$1.35
    EGI $46.8k $13.41
    − OpEx −$14.0k −$4.02
    NOI $32.8k $9.39
    3,490 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $468.1K
    $409.6K – $546.2K (±1% cap)
    NOI $32,770 @ 7.0% cap · market cap 5.96%
    Second Best
    Apartment 5plus
    $368.9K
    $322.8K – $430.3K (±1% cap)
    NOI $25,820 @ 7.0% cap · market cap 4.69%
    Theoretical Best
    Office A
    $956.1K
    $836.6K – $1.12M (±1% cap)
    NOI $66,924 @ 7.0% cap · market cap 12.17%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.648802
    Latitude
    30.343599

    FAQs

    What type of property is this?
    Quadplex - Six rentable units with investment and flexible living configurations.
    Where is this quadplex located?
    The property is located at 324 E 7TH Street Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Six rentable units offer exceptional investment potential and income generation.; Versatile property allows for multiple living configurations.; Historic Springfield location with timeless charm.
    More about this property
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