8-Unit Multifamily
New
For Sale
$889,000
835 MINNIE St, Jacksonville, FL 32204
Four concrete-block duplexes have separate water and electric meters, with utilities paid by tenants.
Property Size5,600 SF
Price / SF$158.75
Days on Market3
Property Features for 835 MINNIE St
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Investment
Occupancy
100%
Site & Location
Neighborhood
LaVilla
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Individually Metered Utilities
water, electricity
Taxes and HOA fees
Annual Taxes
$7,565
Building Details
Building Size
5,600 SF
Year Built
1951
Buildings
4
Stories
1
Units
8
Construction
concrete block
Listed By:
Matt Pereira · License #3328420
(813) 399-9166
Source:
Elliman
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 6:36AM
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 Matt Pereira
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Investment Insights
Based on property information with market context.
This 8-unit multifamily property consists of four concrete-block duplexes totaling approximately 5,600 square feet. Each residence has 2 bedrooms and 1 bathroom. Updates across the units include flooring, bathroom vanities, refrigerators, and stoves. The property was built in 1951 and is professionally managed; all units are leased. Separate water and electric meters support tenant-paid utilities.
The property is at 835 Minnie St in Jacksonville, near Downtown Jacksonville, Riverside, Five Points, UF Health, shopping, dining, entertainment, and major highways. Walk Score is 53, Bike Score is 58, and Transit Score is 48.
The property is at 835 Minnie St in Jacksonville, near Downtown Jacksonville, Riverside, Five Points, UF Health, shopping, dining, entertainment, and major highways. Walk Score is 53, Bike Score is 58, and Transit Score is 48.
Key Highlights
- Four concrete‑block duplexes contain 8 units
- Approximately 5,600 square feet in total
- Each unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,431
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,620
$828.6K
Cap Rate 7%
$591,871
$591.9K
Cap Rate 9%
$460,344
$460.3K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$83.3K $14.88/SF
− Vacancy
−$8.0K −$1.43/SF
EGI
$75.3K $13.45/SF
− OpEx
−$33.9K −$6.05/SF
NOI
$41.4K $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%
$828,620
Cap Rate 7%
$591,871
Cap Rate 9%
$460,344
Alternative Uses
Best Use
Apartment 5plus
$591.9K
$517.9K – $690.5K
NOI $41,431 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,386 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four concrete-block duplexes have separate water and electric meters, with utilities paid by tenants.
Where is this multifamily property located?
The property is located at 835 MINNIE St Jacksonville, FL.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Four concrete‑block duplexes contain 8 units; Approximately 5,600 square feet in total; Each unit has 2 bedrooms and 1 bathroom
