Turn-Key Multifamily Income
51 55 59 E 32nd Street, Jacksonville, FL 32208
- Added:
- Jun 23, 2025
- Days on Market:
- 334
- Last Refresh:
- May 22 at 1:06 pm
Property Features for 51 55 59 E 32nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 29
- Bathrooms
- 10
- Rooms
- Bedroom 21, Bedroom 7, Bedroom 23, Bedroom 1, Bedroom 26, Bathroom 4, Bedroom 29, Bedroom 19, Bedroom 5, Bathroom 2, Bedroom 16, Bedroom 4, Bedroom 9, Bedroom 2, Bedroom 27, Bedroom 15, Bedroom 8, Bedroom 20, Bedroom 25, Bathroom 7, Bathroom 9, Bedroom 10, Bedroom 6, Bedroom 24, Bedroom 12, Bathroom 10, Bedroom 18, Bathroom 1, Bathroom 6, Bathroom 3, Bedroom 14, Bathroom 5, Bedroom 17, Bedroom 3, Bedroom 11, Bedroom 22, Bedroom 28, Bathroom 8, Bedroom 13
- Parking features
- Driveway
- Exterior features
- Balcony
- Appliances
- Convection Oven, Electric Oven, Refrigerator, Washer/Dryer Stacked
- Standard status
- Pending
- APN
- 133355-1000
- Size
- 7,056 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 6-25 55-2S-26E .199 OAK TERRACE LOT 10 BLK 2
- Tax Annual Amount
- 3200
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Multi Units, Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1987
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Tile, Vinyl
- Building materials
- Block, Wood Siding
Listing agent Lianne Habets (321) 216-8703
Listing office LoKation 1500 E Atlantic Blvd., Pompano Beach, FL (954) 545-5583
Listing date Jun 23, 2025
MLS# 1049813
Listing URL
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Generating $15K+ Monthly Income with Potential for $22K+ at Current Rent Rates
- Turn‑Key Opportunity: 3 Furnished, Fully Renovated Duplexes
- 29 Rent‑Per‑Room Units (Convertible to 3 Bed / 2 Bath Units)
- Recent Renovations: Redesigned in 2023 to Maximize Rental Potential
- New AC Units (2023 & 2025) and Water Heaters (2023)
- 8‑Year‑Old Roofs on All Buildings
Overview
Three furnished, fully renovated side-by-side duplexes are available for sale, either individually or as a package. These properties, currently operating as 29 rent-per-room units, generate over $15,000 monthly and have the potential to generate $22,000 per month at the same rent rates. Each duplex was thoughtfully redesigned in 2023 to maximize rental potential, and can be easily converted back into 3-bedroom, 2-bath units per side. The properties offer possibilities for various rental income strategies. The six total units comprise 29 bedrooms and 12 baths. All buildings have 8-year-old roofs. All water heaters were replaced in 2023. New AC units were installed in Unit 59 and 51 in 2023, and Unit 55 will be replaced in 2025. Unit 51 is self-managed. The properties are located on a dead-end road with parking available and are near a major bus route. The lot size is 0.2 acres, and the property size is 7,056 square feet. The properties are located in Jacksonville, Florida.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$736.2K
NOI $66,254 @ 9.00% cap · cautious / downside scenario
Moderate
$946.5K
NOI $66,254 @ 7.00% cap · market / base-case scenario
Aggressive
$1.33M
NOI $66,254 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.1k | $14.76 |
| − Vacancy | −$9.5k | −$1.35 |
| EGI | $94.6k | $13.41 |
| − OpEx | −$28.4k | −$4.02 |
| NOI | $66.3k | $9.39 |
7,056 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$946.5K
$828.2K – $1.10M
NOI $66,254 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$745.8K
$652.5K – $870.1K
NOI $52,203 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,306 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.651463
- Latitude
- 30.363838
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Three renovated duplexes operating as rent-per-room units.
Where is this duplex located?
The property is located at 51 55 59 E 32nd Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,299,990.
What are key features of this property?
This property features: Generating $15K+ Monthly Income with Potential for $22K+ at Current Rent Rates; Turn‑Key Opportunity: **3 Furnished, Fully Renovated Duplexes**; 29 Rent‑Per‑Room Units (Convertible to 3 Bed / 2 Bath Units)
