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Occupied Quadplex
For Sale
$460,000

471 LOMBARD Street, Orange Park, FL 32073

Residential Income, Orange Park, FL

Property Size3,686 SF
Lot Size0.31 Acres
Price / SF$124.80
Days on Market157

Property Features for 471 LOMBARD Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 8
Bathrooms 6
Full bathrooms 4
Half bathrooms 4
Rooms Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 8, Bathroom 7, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 8, Bathroom 5, Bathroom 2, Bathroom 3, Bedroom 7, Bathroom 6
Parking features Parking Lot, Off Street
Appliances Dishwasher, Electric Oven, Electric Range, Refrigerator
Subdivision Cedar Bend
Directions Head South on Blanding Blvd from I-295. Right on Meadowbrook Dr. Right on Lombard St.
Standard status Active
APN 06042601069101500
Size 3,686 SF
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6786

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1980
Floors in Building 1
Number of units 4
Flooring type Wood, Tile, Laminate
Building materials Stucco, Wood Siding
Listing Agency: COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
Listed By: TOBIN BOSSOLA · License #3164103
Added: May 14 Changed: Oct 16 Last Checked: Oct 17 at 6:06PM
MLS# 2145437

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.

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Investment Insights

Based on property information with market context.

This 1980 quadplex contains 3,686 square feet on a 0.31-acre lot, with eight bedrooms and eight bathrooms. The building is tenant occupied and includes central heating, central air, tile, wood, and laminate flooring. Appliances include dishwashers, electric ovens, electric ranges, and refrigerators. Stucco and wood siding form the exterior, while parking is provided through an on-site lot and off-street spaces.

The property is served by public water and public sewer and is positioned near restaurants, retail, Orange Park Mall, and a highway. It is part of a community consisting of individually owned quad buildings. The property is located in Orange Park, Florida, within Clay County.

Key Highlights

  • Quadplex with 3,686 square feet on a 0.31‑acre lot
  • Eight bedrooms and eight bathrooms
  • Tenant occupied with full occupancy stated

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 (±1% cap)
NOI $32,663 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$411.6K
$360.1K – $480.2K (±1% cap)
NOI $28,810 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$983.2K
$860.3K – $1.15M (±1% cap)
NOI $68,825 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Accounting Firm Electrical Service Garden Center Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

647
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Tenant-occupied multifamily building with resident parking and public utilities.
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: Quadplex with 3,686 square feet on a 0.31‑acre lot; Eight bedrooms and eight bathrooms; Tenant occupied with full occupancy stated
More about this property
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