Furnished Quadplex with Private
New
For Sale
$600,000
4770 San Jose Manor Dr W Unit 1, Jacksonville, FL 32217
Four apartments feature in-unit laundry, equipped kitchens, and outdoor space.
Property Size3,456 SF
Price / SF$173.61
Days on Market5
Property Features for 4770 San Jose Manor Dr W Unit 1
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
4
Amenities
in-unit washer/dryer
private patio/porch
Building Details
Year Built
1981
Listing Agency:
CHAD AND SANDY REAL ESTATE GROUP
Listed By:
CHAD NEUMANN
Source:
Exitonestop
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 6:47AM
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 CHAD AND SANDY REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This 3,456-square-foot quadplex contains four furnished apartments with a combined layout of 8 bedrooms and 4 bathrooms. Each unit has a living area, an equipped kitchen, an in-unit washer and dryer, and a private patio or porch. The property was built in 1981 and is currently used for Airbnb stays.
The Jacksonville property offers on-site parking. Downtown is a 10-minute drive away, and the beaches are 15 minutes away.
The Jacksonville property offers on-site parking. Downtown is a 10-minute drive away, and the beaches are 15 minutes away.
Key Highlights
- Four furnished units with 8 bedrooms and 4 bathrooms
- 3,456 square feet across the quadplex
- In‑unit washer and dryer in each apartment
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
$32,451
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
5.41%
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%
$649,020
$649.0K
Cap Rate 7%
$463,586
$463.6K
Cap Rate 9%
$360,567
$360.6K
Market Conditions
NOI Build-Up for 3,456 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
$51.0K $14.76/SF
− Vacancy
−$4.7K −$1.35/SF
EGI
$46.4K $13.41/SF
− OpEx
−$13.9K −$4.02/SF
NOI
$32.5K $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 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%
$649,020
Cap Rate 7%
$463,586
Cap Rate 9%
$360,567
Alternative Uses
Best Use
Multifamily LT 5
$463.6K
$405.6K – $540.9K
NOI $32,451 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$365.3K
$319.6K – $426.2K
NOI $25,569 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$946.7K
$828.4K – $1.10M
NOI $66,272 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 32217, FL
20,543
Population
9,632
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
3,804
Density / Sq Mi
$69,742
Median Household Income
$44,147
Median Earnings
$1,190
Median Rent
$291,300
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments feature in-unit laundry, equipped kitchens, and outdoor space.
Where is this quadplex located?
The property is located at 4770 San Jose Manor Dr W Unit 1 Jacksonville, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four furnished units with 8 bedrooms and 4 bathrooms; 3,456 square feet across the quadplex; In‑unit washer and dryer in each apartment
