BACK ON THE MARKET with a 10.32% CAP RATE!! - Great investment opportunity in the heart of downtown. This multifamily quadplex offers four spacious units, each featuring 2 bedrooms and 1 bath, perfectly positioned for substantial rental income. Two units have been recently upgraded with fresh paint and new vinyl flooring, 2 brand new water heaters. 2 units have newer ac systems and roof was replaced in 2020. Newer paint job on exterior as well.
All units are currently occupied, providing an immediate revenue stream.
Located in a rapidly developing downtown area, this property is poised for significant appreciation. With massive expansion and revitalization projects planned for the next few years, the value and rental demand in this area are expected to soar.
Closed
$380,000
1547 MORGAN Street, Jacksonville, FL 32209
8beds
2,776sqft
Quadruplex, Multi Family
Built in 1969
-- sqft lot
$345,900 Zestimate®
$137/sqft
$1,175 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 05, 2025 at 07:11pm
Listed by:
KAREN SAEZ 904-440-3567,
REAL BROKER LLC 850-755-9740
Bought with:
TREVARIS TUTT, 3293700
OCCUPY REAL ESTATE GROUP, LLC.
Source: realMLS,MLS#: 2035341

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Convection Oven
Features
- Flooring: Carpet, Vinyl
Interior area
- Total interior livable area: 2,776 sqft
Property
Parking
- Parking features: Shared Driveway
- Has uncovered spaces: Yes
Features
- Pool features: None
Lot
- Size: 6,098 sqft
- Features: Other
Details
- Parcel number: 0759190000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Connected
Community & neighborhood
Location
- Region: Jacksonville
- Subdivision: Smiths Allotment
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Services availability
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Estimated market value
$345,900