$410,000
1562 MORGAN Street, Jacksonville, FL 32209, Jacksonville, FL 32209
**verifying Subd**
- Price
- $410,000
- Beds / Baths
- 8 / 4
- Living area
- 2,776 sqft
- Year built
- 1971
- Type
- MultiFamily
- Lot
- 0.14 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 230
This quadplex in the heart of downtown offers the perfect blend of location, income potential, and versatility. Just steps from restaurants, shops, entertainment, and major employers, it delivers everyday convenience for tenants and an attractive lifestyle for an owner-occupant. Featuring four spacious units, the property is well-positioned to generate strong rental income and steady cash flow. Investors will appreciate the long-term growth potential, while owner-occupants have the unique opportunity to live in one unit and let the remaining rentals help offset the mortgage.
What to check on this one
- Verify flood zone designation and pull FEMA map—affects insurance, lending, resale.
- Confirm roof age and condition; 55-year-old roof likely needs replacement soon.
- Obtain 4-point inspection (roof, HVAC, plumbing, electrical) for insurance underwriting.
- Review current rent roll, lease terms, tenant payment history, vacancy rates.
- Inspect plumbing for polybutylene or cast-iron deterioration; 1971 build is high-risk.
- Verify HVAC systems per unit; replacement cost per unit factors into ROI.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $328,000 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of KELLER WILLIAMS FIRST COAST REALTY. Data via realMLS (Northeast Florida MLS), updated Jul 23, 2026, 6:39 PM.
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