Four-Unit Residential Income
For Sale
$424,500
5-6511 San Juan Ave, Jacksonville, FL 32210
Each residence offers two full bathrooms and a dedicated laundry closet within a private multifamily community.
Property Size2,976 SF
Price / SF$142.64
Days on Market36
Property Features for 5-6511 San Juan Ave
General Information
Standard status
Active
Size
2,976 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,527
Amenities
in-unit laundry
Building Details
Buildings
1
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
(904) 269-7117
Listed By:
TOBIN BOSSOLA · License #3164103
(904) 910-8084
Source:
Exprealty
Added: Aug 5
Changed: Sep 8
Last Checked: Sep 9 at 6:33AM
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 2,976-square-foot quadplex contains four residential units, with each unit configured as a two-bedroom, two-bath residence. Every home includes its own laundry closet, providing an in-unit feature that distinguishes the property from multifamily units without dedicated laundry space.
The building is located at 5-6511 San Juan Ave in Jacksonville, Florida, within a private community consisting of 5 quadruplexes. Three of the buildings are currently listed and may be acquired individually or together. When purchased together, the properties are described as operating with one dumpster and owner control over certain water and sewer billing arrangements.
The building is located at 5-6511 San Juan Ave in Jacksonville, Florida, within a private community consisting of 5 quadruplexes. Three of the buildings are currently listed and may be acquired individually or together. When purchased together, the properties are described as operating with one dumpster and owner control over certain water and sewer billing arrangements.
Key Highlights
- Four‑unit quadplex totaling 2,976 square feet
- Each unit has 2 bedrooms and 2 full bathrooms
- Private laundry closet in every unit
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
$27,944
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
6.58%
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%
$558,880
$558.9K
Cap Rate 7%
$399,200
$399.2K
Cap Rate 9%
$310,489
$310.5K
Market Conditions
NOI Build-Up for 2,976 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
$43.9K $14.76/SF
− Vacancy
−$4.0K −$1.35/SF
EGI
$39.9K $13.41/SF
− OpEx
−$12.0K −$4.02/SF
NOI
$27.9K $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%
$558,880
Cap Rate 7%
$399,200
Cap Rate 9%
$310,489
Alternative Uses
Best Use
Multifamily LT 5
$399.2K
$349.3K – $465.7K
NOI $27,944 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$314.5K
$275.2K – $367.0K
NOI $22,017 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$815.3K
$713.4K – $951.1K
NOI $57,068 @ 7.0% cap · market cap 13.44%
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
474
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 - Each residence offers two full bathrooms and a dedicated laundry closet within a private multifamily community.
Where is this quadplex located?
The property is located at 5-6511 San Juan Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $424,500.
What are key features of this property?
This property features: Four‑unit quadplex totaling 2,976 square feet; Each unit has 2 bedrooms and 2 full bathrooms; Private laundry closet in every unit
