Four-Unit
New
For Sale
$715,000
4304 SAN JUAN Avenue, Jacksonville, FL 32210
Residential Income, Jacksonville, FL
Property Size3,066 SF
Lot Size0.25 Acres
Price / SF$233.20
Days on Market5
Property Features for 4304 SAN JUAN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Multi Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6
Parking features
Assigned, Driveway
Subdivision
Lakeside Park
Lot features
Corner Lot
Directions
From US 17 North take a right on San Juan Avenue. Home sits on the corner of Euclid and San Juan on your right.
Standard status
Active
APN
0938320000
Size
3,066 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2883
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1934
Floors in Building
1
Number of units
4
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
(904) 739-0717
Listed By:
ARCHIE LEE STALEY
(904) 251-9944
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 21 at 5:06AM
MLS# 2165620
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 four-unit residential income property contains 3,066 square feet on a 0.25-acre parcel. Built in 1934, the building offers four separate units with rental income already in place, supporting either continued investment use or an owner-occupant arrangement. Central heating and central air conditioning serve the property, while parking is provided through assigned spaces and a driveway.
Located at 4304 San Juan Avenue in Jacksonville, the property provides access to major roadways, shopping, dining, NAS Jacksonville, downtown, and surrounding neighborhoods. The four-unit configuration creates multiple rental spaces within one building and may suit buyers seeking an established residential income asset.
Located at 4304 San Juan Avenue in Jacksonville, the property provides access to major roadways, shopping, dining, NAS Jacksonville, downtown, and surrounding neighborhoods. The four-unit configuration creates multiple rental spaces within one building and may suit buyers seeking an established residential income asset.
Key Highlights
- Four separate residential units under one roof
- 3,066 square feet on a 0.25‑acre parcel
- Rental income already in place
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
$28,789
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
4.03%
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%
$575,780
$575.8K
Cap Rate 7%
$411,271
$411.3K
Cap Rate 9%
$319,878
$319.9K
Market Conditions
NOI Build-Up for 3,066 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
$45.3K $14.76/SF
− Vacancy
−$4.1K −$1.35/SF
EGI
$41.1K $13.41/SF
− OpEx
−$12.3K −$4.02/SF
NOI
$28.8K $9.39/SF
Area
ZIP 32210
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%
$575,780
Cap Rate 7%
$411,271
Cap Rate 9%
$319,878
Alternative Uses
Best Use
Multifamily LT 5
$411.3K
$359.9K – $479.8K
NOI $28,789 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$324.0K
$283.5K – $378.1K
NOI $22,683 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$839.9K
$734.9K – $979.9K
NOI $58,794 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Central heating and air conditioning serve the property, with assigned and driveway parking available.
Where is this quadplex located?
The property is located at 4304 SAN JUAN Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Four separate residential units under one roof; 3,066 square feet on a 0.25‑acre parcel; Rental income already in place
