Renovated 8-Unit Apartment
82 W 32ND St, Jacksonville, FL 32206
For Sale
$849,000
Two-story property with matching one-bedroom layouts and separate electric and water service for each unit.
Property Size4,588 SF
Days on Market55
Property Features for 82 W 32ND St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
COLDWELL BANKER ANABASIS REALTY
Listed By:
TREY HAGINS
(843) 301-6486
Source:
Elliman
Added: Sep 14
Changed: Nov 5
Last Checked: Nov 6 at 10:37AM
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 COLDWELL BANKER ANABASIS REALTY
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Investment Insights
Based on property information with market context.
This fully occupied apartment property contains 8 renovated units, each configured with 1 bedroom and 1 bathroom across a two-story layout. The units share a consistent design, and electric and water service are separately metered for each residence. The property was built in 1926 and has undergone renovation.
The address places the complex near downtown Jacksonville, retail, and grocery options. Walk Score is 49, BikeScore is 43, and Transit Score is 38, reflecting access supported by walking, biking, and transit options to varying degrees.
The address places the complex near downtown Jacksonville, retail, and grocery options. Walk Score is 49, BikeScore is 43, and Transit Score is 38, reflecting access supported by walking, biking, and transit options to varying degrees.
Key Highlights
- 8‑unit apartment complex
- Fully occupied property with long‑term, on‑time‑paying tenants
- All units renovated with matching 1 bedroom, 1 bathroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,944
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,880
$678.9K
Cap Rate 7%
$484,914
$484.9K
Cap Rate 9%
$377,156
$377.2K
Market Conditions
NOI Build-Up for 4,588 SF
Gross rent
$68.3K $14.88/SF
− Vacancy
−$6.6K −$1.43/SF
EGI
$61.7K $13.45/SF
− OpEx
−$27.8K −$6.05/SF
NOI
$33.9K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,880
Cap Rate 7%
$484,914
Cap Rate 9%
$377,156
Alternative Uses
Best Use
Apartment 5plus
$484.9K
$424.3K – $565.7K
NOI $33,944 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,979 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Jacksonville, FL
Properties on Market for Apartment buildings in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story property with matching one-bedroom layouts and separate electric and water service for each unit.
Where is this apartment building located?
The property is located at 82 W 32ND St Jacksonville, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 8‑unit apartment complex; Fully occupied property with long‑term, on‑time‑paying tenants; All units renovated with matching 1 bedroom, 1 bathroom layouts
