4-Unit
For Sale
$550,000
5138 Ricker Rd, Jacksonville, FL 32210
An owner may live in one residence and rent the other three units.
Property Size3,704 SF
Price / SF$148.49
Days on Market37
Property Features for 5138 Ricker Rd
General Information
Standard status
Active
Size
3,704 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1980
Listing Agency:
KELLER WILLIAMS ST JOHNS
Listed By:
CHRISTINA WELCH · License #3186165
(904) 652-5538
Source:
Jacksonvilleflhomeguide
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 1 at 5:39AM
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 KELLER WILLIAMS ST JOHNS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Jacksonville quadplex contains four units within a 3,704-square-foot building constructed in 1980. The layout allows an owner to occupy one unit while leasing the other three. VA or conventional financing is identified as an option for an owner-occupant purchase.
At 5138 Ricker Rd, the property is near Cecil Commerce Center, Cecil Field, and NAS Jacksonville. Amazon and Wayfair fulfillment and distribution facilities are also within Cecil Commerce Center. Major highways provide access to the surrounding area, and Downtown Jacksonville is approximately 15 minutes away.
At 5138 Ricker Rd, the property is near Cecil Commerce Center, Cecil Field, and NAS Jacksonville. Amazon and Wayfair fulfillment and distribution facilities are also within Cecil Commerce Center. Major highways provide access to the surrounding area, and Downtown Jacksonville is approximately 15 minutes away.
Key Highlights
- Four‑unit property with 3,704 square feet of building area
- Built in 1980
- Owner‑occupant configuration: live in one unit and rent the other three
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,780
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,600
$695.6K
Cap Rate 7%
$496,857
$496.9K
Cap Rate 9%
$386,444
$386.4K
Market Conditions
NOI Build-Up for 3,704 SF
Gross rent
$54.7K $14.76/SF
− Vacancy
−$5.0K −$1.35/SF
EGI
$49.7K $13.41/SF
− OpEx
−$14.9K −$4.02/SF
NOI
$34.8K $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 Rate 5%
$695,600
Cap Rate 7%
$496,857
Cap Rate 9%
$386,444
Alternative Uses
Best Use
Multifamily LT 5
$496.9K
$434.8K – $579.7K
NOI $34,780 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$391.5K
$342.5K – $456.7K
NOI $27,403 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,028 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - An owner may live in one residence and rent the other three units.
Where is this quadplex located?
The property is located at 5138 Ricker Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit property with 3,704 square feet of building area; Built in 1980; Owner‑occupant configuration: live in one unit and rent the other three
