Remodeled Multifamily
For Sale
$380,000
3510 WILSON Street, Jacksonville, FL 32209
MULTI_FAMILY - Jacksonville, FL
Property Size2,181 SF
Lot Size0.09 Acres
Price / SF$174.23
Days on Market56
Property Features for 3510 WILSON Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 4, Bedroom 2, Bedroom 8, Bedroom 7, Bedroom 9, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 5, Bedroom 6
Parking features
On Street
Subdivision
Moncrief Park
Lot features
Corner Lot
Middle school
Select One
Directions
From US1 West turn Right onto Moncrief Rd, Left onto 26th St, Left on Wilson. The block of 3 houses between 26th and 25th on Wilson are being sold together.
Standard status
Active
APN
0868790000
Size
2,181 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3686
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1966
Floors in Building
1
Number of units
4
Listing Agency:
LANDBRIDGE REALTY GROUP LLC
(904) 270-9062
Listed By:
YELENA BUDNIK · License #3132238
(904) 568-7952
Added: Jun 19
Changed: Aug 1
Last Checked: Aug 13 at 3:06AM
MLS# 2151393
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 for-sale residential income portfolio consists of 3 buildings totaling 4 units, including 2 single-family homes and 1 duplex. The properties are described as fully remodeled rentals, and each building has new roofing. The combined building size is approximately 2,181 square feet.
The sale includes multiple parcels sold together with the following addresses: 3510 Wilson St, 1538 W 26th St, and 1541 W 25th St in Jacksonville, Florida (Duval County). The package is offered as a single purchase, providing one ownership structure for all included units.
The mix of single-family homes and a duplex can support a tenant profile variety within the same investment group. The seller also notes projected rental revenue of approximately $5,700. This is a turnkey-oriented offering based on the stated remodeling and new roof improvements across all buildings, with the purchase structured for investors or owner-operators seeking a compact multi-building rental portfolio.
The sale includes multiple parcels sold together with the following addresses: 3510 Wilson St, 1538 W 26th St, and 1541 W 25th St in Jacksonville, Florida (Duval County). The package is offered as a single purchase, providing one ownership structure for all included units.
The mix of single-family homes and a duplex can support a tenant profile variety within the same investment group. The seller also notes projected rental revenue of approximately $5,700. This is a turnkey-oriented offering based on the stated remodeling and new roof improvements across all buildings, with the purchase structured for investors or owner-operators seeking a compact multi-building rental portfolio.
Key Highlights
- Residential income property with 3 buildings and 4 total units: 2 single‑family homes and 1 duplex
- Fully remodeled rentals with new roofs on all buildings
- Projected rental revenue of approximately $5,700
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
$20,479
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
5.39%
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%
$409,580
$409.6K
Cap Rate 7%
$292,557
$292.6K
Cap Rate 9%
$227,544
$227.5K
Market Conditions
NOI Build-Up for 2,181 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
$32.2K $14.76/SF
− Vacancy
−$2.9K −$1.35/SF
EGI
$29.3K $13.41/SF
− OpEx
−$8.8K −$4.02/SF
NOI
$20.5K $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%
$409,580
Cap Rate 7%
$292,557
Cap Rate 9%
$227,544
Alternative Uses
Best Use
Multifamily LT 5
$292.6K
$256.0K – $341.3K
NOI $20,479 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$230.5K
$201.7K – $268.9K
NOI $16,136 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$597.5K
$522.8K – $697.1K
NOI $41,823 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
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?
Duplex - Four-unit rental portfolio with remodeled buildings and new roofs across two single-family homes and one duplex.
Where is this duplex located?
The property is located at 3510 WILSON Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Residential income property with 3 buildings and 4 total units: 2 single‑family homes and 1 duplex; Fully remodeled rentals with new roofs on all buildings; Projected rental revenue of approximately $5,700
