Four-Unit
For Sale
$800,000
7650 MAILES Court, Jacksonville, FL 32210
Residential Income, Jacksonville, FL
Property Size4,104 SF
Lot Size0.17 Acres
Price / SF$194.93
Days on Market103
Property Features for 7650 MAILES Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 8, Bathroom 1, Bathroom 7, Bedroom 4, Bathroom 8, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bathroom 6, Bathroom 5
Appliances
Dishwasher, Electric Cooktop, Refrigerator
Subdivision
Ricker Villas
Directions
Continue on FL-202 W/Butler Blvd. Take I-95 N, I-10 W and I-295 S to State Hwy 208/Wilson Blvd. Take exit 17 from I-295 S. Merge onto FL-202 W/Butler Blvd Take the exit onto I-95 N toward Jacksonville Use the right 2 lanes to take exit 351B for I-10 W toward Lake City Continue onto Exit 361 (signs for U.S. 17/Roosevelt Blvd/NAS JAX Base) Exit 17 continue to Wilson Blvd take Ricker RD to Mailes
Standard status
Active
APN
0124420170
Size
4,104 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11416
HOA Fee
$6,458 Annually
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
REBECCA PARKER · License #3238994
(904) 412-4560
Added: Jun 10
Changed: Sep 12
Last Checked: Sep 20 at 1:06PM
MLS# 2149727
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.
Built in 2023, this quadplex contains four residential units within 4,104 square feet on a 0.17-acre parcel. Each unit provides 2 bedrooms and 2 full baths, with open-concept living areas, laminate flooring, granite countertops, and stainless steel appliances. Unit appliances include dishwashers, electric cooktops, and refrigerators.
The property is located at 7650 Mailes Court in Jacksonville, Florida 32210. Public water and public sewer serve the property, while cable is available. Building features include wood siding, vinyl flooring, shingle roofing, central air conditioning, and electric heating. The asset also includes a 2023 construction date and a four-unit configuration suitable for residential income use.
The property is located at 7650 Mailes Court in Jacksonville, Florida 32210. Public water and public sewer serve the property, while cable is available. Building features include wood siding, vinyl flooring, shingle roofing, central air conditioning, and electric heating. The asset also includes a 2023 construction date and a four-unit configuration suitable for residential income use.
Key Highlights
- Four‑unit quadplex built in 2023
- 4,104 square feet on a 0.17‑acre parcel
- Each unit includes 2 bedrooms and 2 full baths
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
$38,535
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
4.82%
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%
$770,700
$770.7K
Cap Rate 7%
$550,500
$550.5K
Cap Rate 9%
$428,167
$428.2K
Market Conditions
NOI Build-Up for 4,104 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
$60.6K $14.76/SF
− Vacancy
−$5.5K −$1.35/SF
EGI
$55.1K $13.41/SF
− OpEx
−$16.5K −$4.02/SF
NOI
$38.5K $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%
$770,700
Cap Rate 7%
$550,500
Cap Rate 9%
$428,167
Alternative Uses
Best Use
Multifamily LT 5
$550.5K
$481.7K – $642.3K
NOI $38,535 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$433.8K
$379.5K – $506.1K
NOI $30,363 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.12M
$983.7K – $1.31M
NOI $78,698 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
194
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2023, the property offers two-bedroom units with contemporary finishes and open-concept layouts.
Where is this quadplex located?
The property is located at 7650 MAILES Court Jacksonville, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 2023; 4,104 square feet on a 0.17‑acre parcel; Each unit includes 2 bedrooms and 2 full baths
