Six-Unit Apartment Building with Updated
For Sale
$790,000
3264 ST AUGUSTINE Road, Jacksonville, FL 32207
MULTI_FAMILY - Jacksonville, FL
Property Size3,472 SF
Lot Size0.40 Acres
Price / SF$227.53
Days on Market68
Property Features for 3264 ST AUGUSTINE Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 5, Bathroom 5, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Driveway, Parking Lot
Appliances
Dishwasher, Electric Range, Refrigerator
Subdivision
Section Land
Lot features
Few Trees
Directions
From 95 North, take exit to Atlantic Blvd turn left on Atlantic Blvd, left onto Hendricks Avenue. Left on Kingswood Road, Left onto St Augustine Rd, property is immediately on left with white fence.
Standard status
Active
APN
0821500000
Size
3,472 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13728
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1961
Floors in Building
1
Number of units
6
Flooring type
Tile
Building materials
Concrete
Listing Agency:
ROUND TABLE REALTY
(904) 469-7653
Listed By:
ERICA L JOLLES PA
(904) 652-5978
Added: Jun 4
Changed: Aug 1
Last Checked: Aug 10 at 2:06PM
MLS# 2148858
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.
This well-maintained six-unit apartment building contains six 1-bedroom, 1-bath apartments, built in 1961. The property is situated on a 0.4-acre lot and totals 3,472 square feet. Central heating and central air are provided, with tile flooring throughout. Appliances listed include a refrigerator, electric range, and dishwasher.
Interiors are updated in 5 of the 6 units, including stainless steel appliances, granite countertops, upgraded bathroom finishes, and fresh interior and exterior paint. Each unit has separate water and electric meters to help manage utilities, and the property includes two dedicated parking spaces per residence. A driveway and parking lot provide on-site parking. The building features concrete construction materials.
The property is located at 3264 St Augustine Road in Jacksonville, FL 32207, within a private, quiet setting.
Interiors are updated in 5 of the 6 units, including stainless steel appliances, granite countertops, upgraded bathroom finishes, and fresh interior and exterior paint. Each unit has separate water and electric meters to help manage utilities, and the property includes two dedicated parking spaces per residence. A driveway and parking lot provide on-site parking. The building features concrete construction materials.
The property is located at 3264 St Augustine Road in Jacksonville, FL 32207, within a private, quiet setting.
Key Highlights
- Six 1‑bedroom, 1‑bath apartments in a 3,472 SF building
- 5 of 6 units updated with stainless steel appliances and granite countertops
- Separate water and electric meters for each unit
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
$25,687
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
3.25%
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%
$513,740
$513.7K
Cap Rate 7%
$366,957
$367.0K
Cap Rate 9%
$285,411
$285.4K
Market Conditions
NOI Build-Up for 3,472 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
$51.7K $14.88/SF
− Vacancy
−$5.0K −$1.43/SF
EGI
$46.7K $13.45/SF
− OpEx
−$21.0K −$6.05/SF
NOI
$25.7K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
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%
$513,740
Cap Rate 7%
$366,957
Cap Rate 9%
$285,411
Alternative Uses
Best Use
Apartment 5plus
$367.0K
$321.1K – $428.1K
NOI $25,687 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.1K
$832.2K – $1.11M
NOI $66,579 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six 1-bed, 1-bath apartments with central HVAC and separate water and electric meters for each unit.
Where is this apartment building located?
The property is located at 3264 ST AUGUSTINE Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Six 1‑bedroom, 1‑bath apartments in a 3,472 SF building; 5 of 6 units updated with stainless steel appliances and granite countertops; Separate water and electric meters for each unit
