123 Margaret St - Multi-Family FOR SALE


Neptune Beach, FL 32266
$1,550,000 USD
904-297-3799
123 Margaret St, Neptune Beach, FL for Sale
$1,550,000 USD
Multi-Family - FOR SALE
1/90
null | Request Cap Rate

123 Margaret St
Neptune Beach, FL 32266


OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

3

PRICE/UNIT

$516,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

123 Margaret - Tri-plex

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

NR-4

APN/PARCEL ID

173745-0000

ASK ABOUT THIS PROPERTY

Marc HassanSpectrum Realty ServicesMore Info
904-297-3799

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Marc HassanSpectrum Realty ServicesMore Info
904-297-3799

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.