Four-Unit
For Sale
$489,999
5830 YELLOW PINE Court, Jacksonville, FL 32277
Residential Income, Jacksonville, FL
Property Size3,030 SF
Lot Size0.24 Acres
Price / SF$161.72
Days on Market25
Property Features for 5830 YELLOW PINE Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 4, Bedroom 8, Bathroom 1, Bedroom 2, Bedroom 7, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 4, Bathroom 3
Parking features
Driveway, Parking Lot
Subdivision
Floral Bluff Estates
Lot features
Dead End Street
Directions
From I-295: Take I-295 to Merrill Rd, then head west toward Jacksonville. Turn onto Fort Caroline Rd, then turn onto Yellow Pine Ct. Continue to 5830 Yellow Pine Ct. From Downtown Jacksonville: Take US-1 N toward Arlington, then continue onto Merrill Rd. Turn onto Fort Caroline Rd, then turn onto Yellow Pine Ct. Continue to 5830 Yellow Pine Ct.
Standard status
Active
APN
113225
Size
3,030 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7350
Utilities
Heating system
Central
Cooling system
Central Air, Separate Meters
Building Details
Year built
1963
Number of units
4
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 996-9115
Listed By:
LESTER MAYS
(904) 982-8035
Added: Aug 31
Changed: Sep 24
Last Checked: Sep 24 at 10:06PM
MLS# 2162765
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 3,030-square-foot quadplex, built in 1963, contains four residences, each with two bedrooms and one bathroom. The units have separate living spaces, and the property is described as separately metered. Central heating and central air conditioning are present, along with driveway and parking-lot spaces. The parcel measures 0.24 acres.
The property is in Jacksonville’s Arlington area, near Jacksonville University, downtown Jacksonville, shopping, dining, major roadways and area employment centers.
The property is in Jacksonville’s Arlington area, near Jacksonville University, downtown Jacksonville, shopping, dining, major roadways and area employment centers.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 bathroom
- 3,030 square feet of building area
- Built in 1963
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
$28,451
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
5.81%
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%
$569,020
$569.0K
Cap Rate 7%
$406,443
$406.4K
Cap Rate 9%
$316,122
$316.1K
Market Conditions
NOI Build-Up for 3,030 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
$44.7K $14.76/SF
− Vacancy
−$4.1K −$1.35/SF
EGI
$40.6K $13.41/SF
− OpEx
−$12.2K −$4.02/SF
NOI
$28.5K $9.39/SF
Area
Jacksonville, FL
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%
$569,020
Cap Rate 7%
$406,443
Cap Rate 9%
$316,122
Alternative Uses
Best Use
Multifamily LT 5
$406.4K
$355.6K – $474.2K
NOI $28,451 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$320.2K
$280.2K – $373.6K
NOI $22,417 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$830.0K
$726.3K – $968.4K
NOI $58,103 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Explore this area
Business Placement
Demographics for 32277, FL
33,174
Population
14,025
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
7.2 sq mi
ZIP Area
4,608
Density / Sq Mi
$60,215
Median Household Income
$35,300
Median Earnings
$1,297
Median Rent
$256,600
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - The property contains four separate two-bedroom, one-bath residences in a separately metered configuration.
Where is this quadplex located?
The property is located at 5830 YELLOW PINE Court Jacksonville, FL.
What is the asking price?
The asking price for this property is $489,999.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 bathroom; 3,030 square feet of building area; Built in 1963
