Occupied
For Sale
$460,000
471 LOMBARD Street, Orange Park, FL 32073
Tenant-occupied multifamily property with resident parking near restaurants, retail, Orange Park Mall, and highway access.
Property Size3,686 SF
Days on Market148
Property Features for 471 LOMBARD Street
General Information
Standard status
Active
Size
3,686 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,785
Building Details
Building Size
3,686 SF
Year Built
1980
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
Listed By:
TOBIN BOSSOLA · License #3164103
(904) 910-8084
Source:
Houseandhavenrealty
Added: May 15
Changed: Sep 26
Last Checked: Oct 7 at 5:03PM
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 COLDWELL BANKER VANGUARD REALTY
Investment Insights
Based on property information with market context.
This 1980-built quadplex is currently fully occupied and consists of four residential units. The property is tenant occupied and includes ample parking for residents. It is situated within a community of individually owned quadplexes, with the building described as well maintained.
The property is located in Orange Park near restaurants, retail destinations, Orange Park Mall, and a highway. Its established occupancy and existing residential configuration provide a straightforward multifamily asset profile.
The property is located in Orange Park near restaurants, retail destinations, Orange Park Mall, and a highway. Its established occupancy and existing residential configuration provide a straightforward multifamily asset profile.
Key Highlights
- Four‑unit quadplex with all units currently occupied
- Built in 1980
- Ample resident parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,663
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,260
$653.3K
Cap Rate 7%
$466,614
$466.6K
Cap Rate 9%
$362,922
$362.9K
Market Conditions
NOI Build-Up for 3,686 SF
Gross rent
$52.2K $14.16/SF
− Vacancy
−$5.5K −$1.50/SF
EGI
$46.7K $12.66/SF
− OpEx
−$14.0K −$3.80/SF
NOI
$32.7K $8.86/SF
Area
Clay County, FL
Vacancy
10.60%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,260
Cap Rate 7%
$466,614
Cap Rate 9%
$362,922
Alternative Uses
Best Use
Multifamily LT 5
$466.6K
$408.3K – $544.4K
NOI $32,663 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$411.6K
$360.1K – $480.2K
NOI $28,810 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$983.2K
$860.3K – $1.15M
NOI $68,825 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 32073, FL
43,527
Population
17,301
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
92%
High-School Grad
16.8 sq mi
ZIP Area
2,591
Density / Sq Mi
$76,139
Median Household Income
$40,947
Median Earnings
$1,392
Median Rent
$258,100
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied multifamily property with resident parking near restaurants, retail, Orange Park Mall, and highway access.
Where is this quadplex located?
The property is located at 471 LOMBARD Street Orange Park, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Four‑unit quadplex with all units currently occupied; Built in 1980; Ample resident parking
