Six-Unit Multifamily Income
324 E 7TH Street Jacksonville, FL 32206
324 E 7TH Street, Jacksonville, FL, 32206
$550,000
For Sale
$550,000
MULTI_FAMILY - Jacksonville, FL
Property Size3,490 SF
Lot Size0.24 Acres
Price / SF$157.59
Days on Market147
Property Features for 324 E 7TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 6, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 4
- 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
- Varies by Unit, Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1909
- Floors in Building
- 1
- Number of units
- 6
- Flooring type
- Laminate, Wood, Tile
- Roof type
- Shingle, Metal
- Additional Structures
- Guest House
Listing Agency
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
(904) 388-5005
3627 ST. JOHNS AVE, Jacksonville, FL
Listed by
HAROLD McCART, III · License #3408543
(904) 334-6465
Added: Feb 20 Checked: Jul 17 at 5:06 pm
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.
Investment Insights
Based on property information with market context.
Built in 1909, this six-unit multifamily property includes a main residence configured as a quadplex, plus two additional homes at the rear of the lot. The main house offers one-bedroom, one-bath apartments, each with its own interior layout. Notable exterior features include a screened front porch, a screened sleeping porch on the second floor, and a sun porch with French windows just beyond. The roof was replaced in 2019, and the garage apartment includes a metal roof. The property also presents unit-level condition considerations, including kitchen updates needed for two units and sink repair or replacement required for one bathroom, while one of the rear homes has been fully renovated.
Access is provided by a private alley-access driveway leading to a two-car garage associated with the third residential structure on the property. The property is located in Historic Springfield in Jacksonville, FL (Duval County). One rear home is currently tenant-occupied.
This offering suits investors seeking multiple rental units under one ownership, with the flexibility to address select interior improvements across several units. It also supports owner-occupant scenarios described in the materials, including converting the main house into a duplex while using the remaining units for income, or creating a larger single-family-style compound with separate accommodations for extended living arrangements.
Access is provided by a private alley-access driveway leading to a two-car garage associated with the third residential structure on the property. The property is located in Historic Springfield in Jacksonville, FL (Duval County). One rear home is currently tenant-occupied.
This offering suits investors seeking multiple rental units under one ownership, with the flexibility to address select interior improvements across several units. It also supports owner-occupant scenarios described in the materials, including converting the main house into a duplex while using the remaining units for income, or creating a larger single-family-style compound with separate accommodations for extended living arrangements.
Key Highlights
- Built in 1909 multi‑family property with 6 rentable units: a classic quadplex plus two additional rear homes
- Main residence features one‑bedroom, one‑bath apartments
- Screened front porch and second‑floor screened sleeping porch, plus a sun porch with French windows
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
NOI $32,770 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$368.9K
$322.8K – $430.3K
NOI $25,820 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$956.1K
$836.6K – $1.12M
NOI $66,924 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Historic Springfield six-unit property with screened porches, rear homes, and alley access with garage for flexible income or owner-occupant use.
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: Built in 1909 multi‑family property with 6 rentable units: a classic quadplex plus two additional rear homes; Main residence features one‑bedroom, one‑bath apartments; Screened front porch and second‑floor screened sleeping porch, plus a sun porch with French windows
