2023 Four-Unit Lakefront
6535 SWEETBAY Lane, Jacksonville, FL 32244
For Sale
$699,000
Residential Income, Jacksonville, FL
Property Size4,104 SF
Lot Size0.19 Acres
Price / SF$170.32
Days on Market141
Property Features for 6535 SWEETBAY Lane
General Information
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Parking features
Appliances
Subdivision
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Elementary school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
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Tax Annual Amount
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Sewer type
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Water front features
Water front
Building Details
Year built
Floors in Building
Number of units
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Roof type
Buildings
Listing Agency:
RE/MAX UNLIMITED · RE/MAX International
(904) 280-1115
Listed By:
LARA HOFFMAN · License #0685714
(904) 465-3140
Added: Jun 19
Changed: Nov 4
Last Checked: Nov 6 at 10:06PM
MLS# 2151383
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.
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Investment Insights
Based on property information with market context.
Completed in 2023, this 4,104-square-foot quadplex contains four residential units on a 0.19-acre lakefront parcel. The units feature open layouts, vinyl plank flooring throughout, primary suites with walk-in closets and walk-in showers, and washer and dryer hookups. Interior finishes include 36-inch cherry cabinets, granite countertops, center islands, and stainless appliances, with refrigerators, electric ranges, dishwashers, and disposals provided.
All four units are leased, and property management is in place. The property offers central electric heating and cooling, frame construction, a shingle roof, public sewer, and off-street parking with a parking lot. Its Jacksonville setting provides access to NAS JAX, schools, and shopping.
All four units are leased, and property management is in place. The property offers central electric heating and cooling, frame construction, a shingle roof, public sewer, and off-street parking with a parking lot. Its Jacksonville setting provides access to NAS JAX, schools, and shopping.
Key Highlights
- Four‑unit quadplex completed in 2023
- 4,104 square feet on 0.19 acres
- All four units are leased with property management in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,367
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,340
$727.3K
Cap Rate 7%
$519,529
$519.5K
Cap Rate 9%
$404,078
$404.1K
Market Conditions
NOI Build-Up for 4,104 SF
Gross rent
$58.1K $14.16/SF
− Vacancy
−$6.2K −$1.50/SF
EGI
$52.0K $12.66/SF
− OpEx
−$15.6K −$3.80/SF
NOI
$36.4K $8.86/SF
Area
ZIP 32244
Vacancy
10.60%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,340
Cap Rate 7%
$519,529
Cap Rate 9%
$404,078
Alternative Uses
Best Use
Multifamily LT 5
$519.5K
$454.6K – $606.1K
NOI $36,367 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$458.2K
$401.0K – $534.6K
NOI $32,077 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$1.09M
$957.9K – $1.28M
NOI $76,630 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
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Business Placement
Demographics for 32244, FL
63,292
Population
26,250
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
92%
High-School Grad
23.6 sq mi
ZIP Area
2,682
Density / Sq Mi
$61,652
Median Household Income
$39,064
Median Earnings
$1,366
Median Rent
$221,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Jacksonville, FL
Properties on Market for Quadplexes in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased four-unit property with modern interiors, individual laundry hookups, and off-street parking.
Where is this quadplex located?
The property is located at 6535 SWEETBAY Lane Jacksonville, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four‑unit quadplex completed in 2023; 4,104 square feet on 0.19 acres; All four units are leased with property management in place
