Multifamily Property with In-Law
For Sale
$850,000
6059 DUNN Avenue, Jacksonville, FL 32218
Several residences and an in-law suite occupy a 4.3-acre parcel in Jacksonville.
Property Size7,019 SF
Lot Size4.30 Acres
Price / SF$121.10
Days on Market134
Property Features for 6059 DUNN Avenue
General Information
Standard status
Active
Size
7,019 SF
Lot size
4.30 Acres
Property subtype
Multi Family
Zoning
RR-Acre
Additional Details
Land Use
residential
Taxes and HOA fees
Annual Taxes
$9,420
Building Details
Building Size
7,019 SF
Year Built
1971
Listing Agency:
BERKSHIRE HATHAWAY HOME SERVICES HEYMANN WILLIAMS
Listed By:
CRAIG WILLIAM BREWIS · License #3299936
(904) 891-6505
Source:
Firstcoastheroes
Added: Jun 21
Changed: Oct 28
Last Checked: Oct 31 at 4:52PM
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 BERKSHIRE HATHAWAY HOME SERVICES HEYMANN WILLIAMS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property in Jacksonville includes several residences and an in-law suite across 4.3 acres. The property totals 7,019 square feet, and the homes date to 1971. Its current zoning is RR-Acre.
The Future Land Use designation may allow up to 7 units per acre under Low Density Residential standards, subject to city review. Any density increase would require rezoning approval from the City of Jacksonville.
The Future Land Use designation may allow up to 7 units per acre under Low Density Residential standards, subject to city review. Any density increase would require rezoning approval from the City of Jacksonville.
Key Highlights
- 4.3‑acre parcel with multiple residences and an in‑law suite
- 7,019 square feet across the property
- Homes built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,792
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,155,840
$1.2M
Cap Rate 7%
$825,600
$825.6K
Cap Rate 9%
$642,133
$642.1K
Market Conditions
NOI Build-Up for 7,019 SF
Gross rent
$116.2K $16.56/SF
− Vacancy
−$11.2K −$1.59/SF
EGI
$105.1K $14.97/SF
− OpEx
−$47.3K −$6.74/SF
NOI
$57.8K $8.23/SF
Area
ZIP 32218
Vacancy
9.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,155,840
Cap Rate 7%
$825,600
Cap Rate 9%
$642,133
Alternative Uses
Best Use
Apartment 5plus
$825.6K
$722.4K – $963.2K
NOI $57,792 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,059 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Several residences and an in-law suite occupy a 4.3-acre parcel in Jacksonville.
Where is this multifamily property located?
The property is located at 6059 DUNN Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4.3‑acre parcel with multiple residences and an in‑law suite; 7,019 square feet across the property; Homes built in 1971
