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123 Margaret St - 123 Margaret - Tri-plex 3 Unit Apartment Building Offered at $1,550,000 Neptune Beach, FL 32266
Executive Summary
Investment Highlights:
Rare opportunity to acquire a triplex in Neptune Beach, one of the most supply-constrained and desirable coastal submarkets in Northeast Florida
Located just blocks from the Atlantic Ocean, offering strong long-term appreciation and tenant demand drivers
Three residential units providing diversified income stream and reduced vacancy exposure
Ideal for short-term rental conversion, long-term hold, or owner-occupant house hack strategy
Strong rental market supported by proximity to beaches, dining, retail, and employment centers in Jacksonville Beach and Atlantic Beach
Walkable/bikeable coastal lifestyle location increases tenant retention and premium rent potential
Property Features:
Triplex configuration (unit mix to be confirmed)
On-site parking (confirm count)
Individual unit access (no shared interior corridors)
Low-rise coastal construction
Market Overview:
Neptune Beach is a high-barrier-to-entry market with limited multifamily inventory
Consistent rent growth driven by lifestyle demand and limited new development
Close proximity to JTB (SR 202) providing direct access to Jacksonville’s primary employment hubs
Value-Add Potential:
Opportunity to increase rents to market through interior upgrades
Potential to optimize income via furnished or short-term rental strategy (subject to zoning)
Expense efficiencies through professional management
Buyer Profile:
Private investors seeking stable coastal income
1031 exchange buyers targeting appreciation markets
Owner-occupants looking to offset living expenses
Rare opportunity to acquire a triplex in Neptune Beach, one of the most supply-constrained and desirable coastal submarkets in Northeast Florida
Located just blocks from the Atlantic Ocean, offering strong long-term appreciation and tenant demand drivers
Three residential units providing diversified income stream and reduced vacancy exposure
Ideal for short-term rental conversion, long-term hold, or owner-occupant house hack strategy
Strong rental market supported by proximity to beaches, dining, retail, and employment centers in Jacksonville Beach and Atlantic Beach
Walkable/bikeable coastal lifestyle location increases tenant retention and premium rent potential
Property Features:
Triplex configuration (unit mix to be confirmed)
On-site parking (confirm count)
Individual unit access (no shared interior corridors)
Low-rise coastal construction
Market Overview:
Neptune Beach is a high-barrier-to-entry market with limited multifamily inventory
Consistent rent growth driven by lifestyle demand and limited new development
Close proximity to JTB (SR 202) providing direct access to Jacksonville’s primary employment hubs
Value-Add Potential:
Opportunity to increase rents to market through interior upgrades
Potential to optimize income via furnished or short-term rental strategy (subject to zoning)
Expense efficiencies through professional management
Buyer Profile:
Private investors seeking stable coastal income
1031 exchange buyers targeting appreciation markets
Owner-occupants looking to offset living expenses
Property Facts
| Price | $1,550,000 | Building Size | 4,478 SF |
| Price Per Unit | $516,667 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 3 | Year Built | 1949 |
| Property Type | Multifamily | ||
| Zoning | NR-4 - NR-4 allows higher-density residential incl. single-family, duplex & multifamily (triplexes). Regulates height, setbacks, parking; coastal location. | ||
| Price | $1,550,000 |
| Price Per Unit | $516,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 4,478 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Zoning | NR-4 - NR-4 allows higher-density residential incl. single-family, duplex & multifamily (triplexes). Regulates height, setbacks, parking; coastal location. |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 173745-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,364,416 |
Property Taxes
Parcel Number
173745-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,364,416
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123 Margaret St - 123 Margaret - Tri-plex
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