Quadplex with Updated
For Sale
$400,000
5120 WESTCHASE Court, Jacksonville, FL 32210
MULTI_FAMILY - Jacksonville, FL
Property Size2,916 SF
Lot Size0.19 Acres
Price / SF$137.17
Days on Market125
Property Features for 5120 WESTCHASE Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 7, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 8, Bedroom 3, Bedroom 6, Bathroom 2
Parking features
Off Street, Parking Lot
Appliances
Dishwasher, Electric Range, Refrigerator
Subdivision
Westchase Manor
Lot features
Dead End Street
Directions
Head West on 103rd St from I295. Right on Westchase Ct.
Standard status
Active
APN
0138430536
Size
2,916 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6613
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
4
Flooring type
Tile
Listing Agency:
COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
(904) 269-7117
Listed By:
TOBIN BOSSOLA · License #3164103
(904) 910-8084
Added: Apr 10
Changed: Aug 4
Last Checked: Aug 12 at 5:06PM
MLS# 2139464
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.
Investment Insights
Based on property information with market context.
This quadplex offers a residential income setup with tile flooring and central heating and central air conditioning throughout. Appliances include dishwashers, electric ranges, and refrigerators. Three units are currently occupied, and all units have had some updating, with three units featuring newer kitchens. The roof is less than 8 years old. Parking is provided via a parking lot and off-street spaces.
City pickup is available for trash. The owner pays water and sewer, and the property is served by public water and public sewer.
Built in 1984, the property sits on a 0.19-acre lot with 2,916 square feet of space. Central systems and periodic unit updates support an operationally practical ownership and leasing profile.
City pickup is available for trash. The owner pays water and sewer, and the property is served by public water and public sewer.
Built in 1984, the property sits on a 0.19-acre lot with 2,916 square feet of space. Central systems and periodic unit updates support an operationally practical ownership and leasing profile.
Key Highlights
- 0.19‑acre lot with 2,916 SF quadplex building
- Three units are occupied currently; all units have had some updating
- Three units have newer kitchens; other units updated as well
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
$27,380
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
6.85%
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%
$547,600
$547.6K
Cap Rate 7%
$391,143
$391.1K
Cap Rate 9%
$304,222
$304.2K
Market Conditions
NOI Build-Up for 2,916 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
$43.0K $14.76/SF
− Vacancy
−$3.9K −$1.35/SF
EGI
$39.1K $13.41/SF
− OpEx
−$11.7K −$4.02/SF
NOI
$27.4K $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%
$547,600
Cap Rate 7%
$391,143
Cap Rate 9%
$304,222
Alternative Uses
Best Use
Multifamily LT 5
$391.1K
$342.3K – $456.3K
NOI $27,380 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$308.2K
$269.7K – $359.6K
NOI $21,574 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$798.8K
$699.0K – $932.0K
NOI $55,917 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
564
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 - Quadplex with central HVAC, tile flooring, off-street parking, and public water and sewer serviced.
Where is this quadplex located?
The property is located at 5120 WESTCHASE Court Jacksonville, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 0.19‑acre lot with 2,916 SF quadplex building; Three units are occupied currently; all units have had some updating; Three units have newer kitchens; other units updated as well
