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1534 Morgan St 4 Unit Apartment Building $429,000 ($107,250/Unit) Jacksonville, FL 32209
Executive Summary
1534 Morgan Street | Units 1–4 | Jacksonville, FL 32209
Turnkey 4-unit multifamily investment delivering immediate cash flow with upside potential.
Property features solid block construction with fully renovated exteriors and partially renovated interiors. Each unit offers a functional layout with strong rental appeal, ample natural light, and consistent finishes throughout.
Individually metered utilities and separate unit access streamline operations and reduce expenses. Low-maintenance systems and rent-ready interiors minimize upfront capex.
Located in a high-demand rental corridor with strong tenant demand, just minutes from Downtown Jacksonville and Riverside.
Highlights:
4-unit multifamily asset
Strong rental demand location
Minimal capex required
Consistent, rent-ready interiors
Individually metered utilities
Low-maintenance construction
Ideal for investors seeking stable income with additional upside through rent optimization.
3% buying agent commission offered.
Annual property taxes: $2,730.60
Unit 2 is currently rented at $1,150/month
Unit 4 is rented at $1100/ month
Cap rate at 4 units rented at $1100 per month 13%
Section 8 rent for a 3BR/1BA in this zip code is approximately $1,390/month
Turnkey 4-unit multifamily investment delivering immediate cash flow with upside potential.
Property features solid block construction with fully renovated exteriors and partially renovated interiors. Each unit offers a functional layout with strong rental appeal, ample natural light, and consistent finishes throughout.
Individually metered utilities and separate unit access streamline operations and reduce expenses. Low-maintenance systems and rent-ready interiors minimize upfront capex.
Located in a high-demand rental corridor with strong tenant demand, just minutes from Downtown Jacksonville and Riverside.
Highlights:
4-unit multifamily asset
Strong rental demand location
Minimal capex required
Consistent, rent-ready interiors
Individually metered utilities
Low-maintenance construction
Ideal for investors seeking stable income with additional upside through rent optimization.
3% buying agent commission offered.
Annual property taxes: $2,730.60
Unit 2 is currently rented at $1,150/month
Unit 4 is rented at $1100/ month
Cap rate at 4 units rented at $1100 per month 13%
Section 8 rent for a 3BR/1BA in this zip code is approximately $1,390/month
Property Facts
| Price | $429,000 | Lot Size | 0.14 AC |
| Price Per Unit | $107,250 | Building Size | 2,776 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2026 |
| Property Subtype | Apartment | Parking Ratio | 2.88/1,000 SF |
| Building Class | C | ||
| Zoning | RMD-A | ||
| Price | $429,000 |
| Price Per Unit | $107,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,776 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2026 |
| Parking Ratio | 2.88/1,000 SF |
| Zoning | RMD-A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 075870-0100 | Improvements Assessment | $138,172 |
| Land Assessment | $24,030 | Total Assessment | $162,202 |
Property Taxes
Parcel Number
075870-0100
Land Assessment
$24,030
Improvements Assessment
$138,172
Total Assessment
$162,202
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1534 Morgan St