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14-Unit Apartment Building

5040 Shirley Avenue, Jacksonville, FL 32210

For Sale
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Concrete-block construction houses a mix of studios and one-bedroom apartments.

Property SizeContact for details
Days on Market22

Property Features for 5040 Shirley Avenue

General Information

Standard status Active
Property subtype Multifamily
Occupancy 93%

Site & Location

Neighborhood Hillcrest
Highway Access Yes
Road Access Yes

Units

Unit Mix 4 x studio, 10 x 1BR
Multifamily Units 14

Additional Details

Tenant in Place Yes

Building Details

Year Built 1960
Construction concrete block
Listing Agency: The Kirkland Company
Listed By: Jimmy Yancey · License FL #294862
Source: Crexi
Added: Oct 21 Changed: Nov 9 Last Checked: Nov 10 at 6:31AM

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 The Kirkland Company

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Investment Insights

Based on property information with market context.

This 14-unit apartment property was built in 1960 with concrete-block construction. Its unit mix comprises four studios and ten one-bedroom apartments, averaging 471 square feet; occupancy is 92.86%. Improvements since 2018 have included work to building systems, apartment interiors, and exterior components. Interior updates since 2022 covered appliances, flooring, cabinetry, HVAC systems, and low-flow toilets. Other work included a 2022 roof replacement, exterior painting, parking lot improvements, and perimeter fencing.

The property is on Shirley Avenue in Jacksonville’s Lakeshore neighborhood. Access to I-295, Roosevelt Boulevard, and I-10 connects the site with Downtown Jacksonville and other parts of the area. NAS Jacksonville is south along Roosevelt Boulevard, while Ascension St. Vincent’s Riverside, the Roosevelt Boulevard retail corridor, and the Riverside and Avondale dining and entertainment areas are also noted nearby.

Key Highlights

  • 14 apartments: four studios and ten one‑bedroom units
  • Average unit size of 471 square feet
  • 92.86% occupied

Property Analytics

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Lease Details

14
Residential units
92.9%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,119
Businesses Nearby

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
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Market

Average Price Trend$/SF for Apartment buildings in Jacksonville, FL

$187 Jul
$229 Aug
$233 Sep
$285 Oct

Properties on Market for Apartment buildings in Jacksonville

Jul
Aug
Sep
Oct

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?
Apartment building - Concrete-block construction houses a mix of studios and one-bedroom apartments.
Where is this apartment building located?
The property is located at 5040 Shirley Avenue Jacksonville, FL.
What are key features of this property?
This property features: 14 apartments: four studios and ten one‑bedroom units; Average unit size of 471 square feet; 92.86% occupied
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