Building Details

Year Built 1944

Buildings 2

Listing Agency: FLORIDA HOMES REALTY & MTG LLC

Listed By: CARMEN VERHOEVEN · License #3456640 Show Phone

Source: Onewinningteam

Added: Aug 12 Changed: Oct 6 Last Checked: Oct 7 at 4:30PM

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Investment Insights

Based on property information with market context.

This 1,658-square-foot triplex includes a front duplex and a separate rear residence, creating three rental units within two buildings. Unit 1 offers two bedrooms and 1.5 bathrooms, Unit 2 has two bedrooms and one bathroom, and Unit 3 includes one bedroom and one bathroom. The property was built in 1944 and received a new roof in 2023. Each unit has central air conditioning.

Unit 1 and Unit 2 are vacant, while Unit 3 is occupied by a long-term tenant. Water and electric service are shared across common meters, and the property uses a septic system with a new pump. The address is 5238 San Juan Ave in Jacksonville, near downtown and the naval base, with CRO zoning.

Key Highlights

• Three rental units arranged across a front duplex and separate rear building
• 1,658 SF property built in 1944
• New roof installed in 2023

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,568

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$311,360 $311.4K

Cap Rate 7%

$222,400 $222.4K

Cap Rate 9%

$172,978 $173.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,658 SF

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 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 (±1% cap)

NOI $15,568 @ 7.0% cap · market cap 5.46%

Second Best

Apartment 5plus

$175.2K

$153.3K – $204.4K (±1% cap)

NOI $12,266 @ 7.0% cap · market cap 4.30%

Theoretical Best

Office A

$454.2K

$397.4K – $529.9K (±1% cap)

NOI $31,794 @ 7.0% cap · market cap 11.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Cafe & Coffee Shop Acupuncture (Bike/Boat/Book/etc) Store Grocery & Convenience Store Travel Agency Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit property with central air conditioning and CRO zoning.

Where is this triplex located?

The property is located at 5238 San Juan Ave Jacksonville, FL.

What is the asking price?

The asking price for this property is $285,000.

What are key features of this property?

This property features: Three rental units arranged across a front duplex and separate rear building; 1,658 SF property built in 1944; New roof installed in 2023