Multifamily Property with
For Sale
$149,500
9256 7TH Avenue, Jacksonville, FL 32208
Built in 1972, the managed asset occupies a large lot with on-site parking.
Property Size1,632 SF
Price / SF$91.61
Days on Market40
Property Features for 9256 7TH Avenue
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Multi Family
Additional Details
Gross Income
$30,600
Building Details
Year Built
1972
Listing Agency:
DOOR INVESTMENT LLC
(904) 651-3292
Listed By:
RAYMOND LAWRENCE YUDAIN · License #3627810
(213) 465-6113
Source:
Endlesssummerrealty
Added: Sep 11
Changed: Oct 19
Last Checked: Oct 19 at 10:51AM
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 DOOR INVESTMENT LLC
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Investment Insights
Based on property information with market context.
This for-sale multifamily property was built in 1972 and measures 1,632 square feet. The asset is professionally managed and currently generates rental income. The property includes parking and additional open space on a large lot, providing a straightforward physical setup for continued ownership. Located at 9256 7TH Avenue in Jacksonville, Florida, the property is situated on a quiet street in ZIP code 32208. Existing lender financing through Vanderbilt is noted in the property information. The sale offers a buyer the opportunity to acquire an established residential income property with management already in place.
Key Highlights
- 1,632‑square‑foot multifamily property
- Built in 1972
- Professionally managed income property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,074
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,480
$241.5K
Cap Rate 7%
$172,486
$172.5K
Cap Rate 9%
$134,156
$134.2K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$24.3K $14.88/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$22.0K $13.45/SF
− OpEx
−$9.9K −$6.05/SF
NOI
$12.1K $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%
$241,480
Cap Rate 7%
$172,486
Cap Rate 9%
$134,156
Alternative Uses
Best Use
Apartment 5plus
$172.5K
$150.9K – $201.2K
NOI $12,074 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.1K
$391.2K – $521.6K
NOI $31,295 @ 7.0% cap · market cap 20.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
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Business Placement
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1972, the managed asset occupies a large lot with on-site parking.
Where is this multifamily property located?
The property is located at 9256 7TH Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $149,500.
What are key features of this property?
This property features: 1,632‑square‑foot multifamily property; Built in 1972; Professionally managed income property
