Four-Unit Multifamily
For Sale
$500,000
45 W 10TH St, Jacksonville, FL 32206
Historic multifamily property with one-bedroom residences, off-street parking, and access to Jacksonville’s walkable Springfield neighborhood.
Property Size2,642 SF
Days on Market49
Property Features for 45 W 10TH St
General Information
Standard status
Active
Size
2,642 SF
Property subtype
Investment
Site & Location
Neighborhood
San Pablo
Public Transit
Yes
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,815
Building Details
Building Size
2,642 SF
Year Built
1916
Stories
2
Units
4
Listed By:
KONT LECI · License #3365598
(904) 888-6446
Source:
Elliman
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 24 at 7:10PM
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 KONT LECI
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Investment Insights
Based on property information with market context.
This four-unit multifamily property in Jacksonville’s Historic Springfield neighborhood contains four one-bedroom residences. The building dates to 1916 and includes off-street parking, providing a practical amenity in an established urban setting.
The property is positioned near restaurants, coffee shops, breweries, local businesses, and destinations in Springfield and Downtown Jacksonville. WalkScore is 74, identified as Very Walkable; TransitScore is 54, identified as Good Transit; and BikeScore is 62, identified as Bikeable.
The property is positioned near restaurants, coffee shops, breweries, local businesses, and destinations in Springfield and Downtown Jacksonville. WalkScore is 74, identified as Very Walkable; TransitScore is 54, identified as Good Transit; and BikeScore is 62, identified as Bikeable.
Key Highlights
- Four 1‑bedroom residences within a single multifamily property
- Built in 1916
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,808
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,160
$496.2K
Cap Rate 7%
$354,400
$354.4K
Cap Rate 9%
$275,644
$275.6K
Market Conditions
NOI Build-Up for 2,642 SF
Gross rent
$39.0K $14.76/SF
− Vacancy
−$3.6K −$1.35/SF
EGI
$35.4K $13.41/SF
− OpEx
−$10.6K −$4.02/SF
NOI
$24.8K $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 Rate 5%
$496,160
Cap Rate 7%
$354,400
Cap Rate 9%
$275,644
Alternative Uses
Best Use
Multifamily LT 5
$354.4K
$310.1K – $413.5K
NOI $24,808 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$279.2K
$244.3K – $325.8K
NOI $19,546 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$723.8K
$633.3K – $844.4K
NOI $50,663 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
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Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Historic multifamily property with one-bedroom residences, off-street parking, and access to Jacksonville’s walkable Springfield neighborhood.
Where is this quadplex located?
The property is located at 45 W 10TH St Jacksonville, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four 1‑bedroom residences within a single multifamily property; Built in 1916; Off‑street parking included
