Four-Unit Multifamily
New
For Sale
$715,000
4304 SAN JUAN Ave 1, Jacksonville, FL 32210
Established multifamily asset with four residential units and owner-occupant or portfolio flexibility.
Property Size3,066 SF
Days on Market2
Property Features for 4304 SAN JUAN Ave 1
General Information
Standard status
Active
Size
3,066 SF
Property subtype
Investment
Additional Details
Gross Income
$62,520
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,882
Building Details
Building Size
3,066 SF
Year Built
1934
Buildings
1
Units
4
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Listed By:
ARCHIE LEE STALEY
(904) 251-9944
Source:
Elliman
Added: Sep 20
Last Checked: Sep 20 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Investment Insights
Based on property information with market context.
This Jacksonville multifamily property contains four residential units within one building and was constructed in 1934. The configuration supports separate rental occupancy and may also suit an owner occupant seeking to live on site while leasing the remaining units, subject to the buyer’s plans and applicable requirements.
Located at 4304 San Juan Ave, the property offers access to major roadways, shopping, dining, NAS Jacksonville, downtown, and surrounding neighborhoods. The area records a Bike Score of 59, a Walk Score of 61, and a Transit Score of 33. FHA and VA financing may be available to qualified owner occupants, with eligibility and loan terms subject to lender verification.
Located at 4304 San Juan Ave, the property offers access to major roadways, shopping, dining, NAS Jacksonville, downtown, and surrounding neighborhoods. The area records a Bike Score of 59, a Walk Score of 61, and a Transit Score of 33. FHA and VA financing may be available to qualified owner occupants, with eligibility and loan terms subject to lender verification.
Key Highlights
- Four residential units in one multifamily property
- Built in 1934
- Owner‑occupant and portfolio‑use flexibility
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
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
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 - Established multifamily asset with four residential units and owner-occupant or portfolio flexibility.
Where is this quadplex located?
The property is located at 4304 SAN JUAN Ave 1 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 residential units in one multifamily property; Built in 1934; Owner‑occupant and portfolio‑use flexibility
