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404 Margaret St - Margaret st. Quadplex 4 Unit Apartment Building Offered at $1,550,000 at a 7.98% Cap Rate Neptune Beach, FL 32266
Investment Highlights
- turnkey investment property with 4 units
- fully furnished, ready to move in
- fully remodeled
Executive Summary
Turnkey Beachside Quadplex | Strong Rental Income | Fully Remodeled & Furnished: An exceptional opportunity to own a fully renovated, income-producing quadplex just blocks from the beach. This turnkey investment is 100% furnished and ready to operate from day one, with a proven track record of strong, consistent rental revenue. Each unit has been completely remodeled from top to bottom, including new roof, plumbing, electrical, drywall, flooring, paint, appliances, and all new furniture—offering peace of mind and minimal future maintenance. No detail was overlooked, making this a true hands-off investment. The property's prime coastal location drives high demand for both short-term and long-term rentals. Guests and tenants love the easy walk to the beach, nearby dining, and entertainment, which has translated into excellent occupancy and rental performance.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$157,000
|
$52.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$157,000
|
$52.33
|
| Taxes |
$12,000
|
$4.00
|
| Operating Expenses |
$4,000
|
$1.33
|
| Total Expenses |
$16,000
|
$5.33
|
| Net Operating Income |
$141,000
|
$47.00
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $157,000 |
| Annual Per SF | $52.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $157,000 |
| Annual Per SF | $52.33 |
| Taxes | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $4.00 |
| Operating Expenses | |
|---|---|
| Annual | $4,000 |
| Annual Per SF | $1.33 |
| Total Expenses | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $5.33 |
| Net Operating Income | |
|---|---|
| Annual | $141,000 |
| Annual Per SF | $47.00 |
Property Facts
| Price | $1,550,000 | Property Type | Multifamily |
| Price Per Unit | $387,500 | Building Size | 3,000 SF |
| Sale Type | Investment | Average Occupancy | 75% |
| Cap Rate | 7.98% | No. Stories | 2 |
| Gross Rent Multiplier | 9.8 | Year Built/Renovated | 1947/2022 |
| No. Units | 4 | Parking Ratio | 2.67/1,000 SF |
| Zoning | NR-3 | ||
| Price | $1,550,000 |
| Price Per Unit | $387,500 |
| Sale Type | Investment |
| Cap Rate | 7.98% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,000 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2022 |
| Parking Ratio | 2.67/1,000 SF |
| Zoning | NR-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+4 | 4 | $3,000 | - |
1 1
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 173538-0000 | Total Assessment | $830,250 (2026) |
| Land Assessment | $349,419 (2026) | Annual Taxes | $12,000 ($4.00/SF) |
| Improvements Assessment | $480,831 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
173538-0000
Land Assessment
$349,419 (2026)
Improvements Assessment
$480,831 (2026)
Total Assessment
$830,250 (2026)
Annual Taxes
$12,000 ($4.00/SF)
Tax Year
2025
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404 Margaret St - Margaret st. Quadplex
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