Triplex With New
For Sale
$290,000
5238 San Juan Avenue, Jacksonville, FL 32210
Two-building layout includes a front duplex and separate rear unit with central air conditioning throughout.
Property Size1,658 SF
Days on Market214
Property Features for 5238 San Juan Avenue
General Information
Standard status
Active
Size
1,658 SF
Property subtype
Residential Income
Zoning
CRO
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,218
Amenities
central air conditioning
Building Details
Building Size
1,658 SF
Year Built
1944
Buildings
2
Stories
1
Units
3
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(408) 306-1300
Listed By:
CARMEN VERHOEVEN · License #3456640
(408) 306-1300
Source:
Bluekeypro
Added: Jan 18
Changed: Aug 13
Last Checked: Aug 19 at 3:33PM
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 FLORIDA HOMES REALTY & MTG LLC
Investment Insights
Based on property information with market context.
This triplex property consists of two buildings: a front duplex and a separate smaller unit at the rear. The three-unit configuration includes two two-bedroom units and one one-bedroom unit. Unit 1 has 1.5 bathrooms, while Units 2 and 3 each have 1 bathroom. Central air conditioning serves all units, and a new roof was installed in 2023.
Unit 3 is occupied by a long-term tenant, while Units 1 and 2 are vacant. The property is zoned CRO and uses common water and electric meters. Wastewater service is provided by a septic tank with a new pump. The property is located near downtown and the naval base at 5238 San Juan Avenue in Jacksonville, Florida.
Unit 3 is occupied by a long-term tenant, while Units 1 and 2 are vacant. The property is zoned CRO and uses common water and electric meters. Wastewater service is provided by a septic tank with a new pump. The property is located near downtown and the naval base at 5238 San Juan Avenue in Jacksonville, Florida.
Key Highlights
- Three rental units across two buildings
- Front duplex plus separate rear unit
- Unit mix includes two 2‑bedroom units and one 1‑bedroom 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
$15,568
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
5.37%
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%
$311,360
$311.4K
Cap Rate 7%
$222,400
$222.4K
Cap Rate 9%
$172,978
$173.0K
Market Conditions
NOI Build-Up for 1,658 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
$24.5K $14.76/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$22.2K $13.41/SF
− OpEx
−$6.7K −$4.02/SF
NOI
$15.6K $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%
$311,360
Cap Rate 7%
$222,400
Cap Rate 9%
$172,978
Alternative Uses
Best Use
Multifamily LT 5
$222.4K
$194.6K – $259.5K
NOI $15,568 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$175.2K
$153.3K – $204.4K
NOI $12,266 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$454.2K
$397.4K – $529.9K
NOI $31,794 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
841
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?
Triplex - Two-building layout includes a front duplex and separate rear unit with central air conditioning throughout.
Where is this triplex located?
The property is located at 5238 San Juan Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Three rental units across two buildings; Front duplex plus separate rear unit; Unit mix includes two 2‑bedroom units and one 1‑bedroom unit
