18 W 43RD Street
Jacksonville, FL 32208
MLS# 2136755
Status:
Closed4 beds | 3 baths
Property DescriptionValue-add triplex with in-place income and clear path to increased cash flow, priced for entry-level investors seeking value. Property features three separately metered units, including a 1BR (Unit 18), studio (Unit 20), and 2BR (Unit 22). Unit 18 is leased at $825/month (MTM), while the studio and 2BR are vacant--ideal for lease-up or owner occupancy. Pro forma gross income estimated at ~$32,000/year conservatively, offering a strong foundation with potential to improve through light updates and management. New roof in 2025. Large driveway provides ample off-street parking, and separate utilities help keep operating costs lower. Functional layouts, private entrances, and straightforward unit mix support an efficient lease-up and long-term hold strategy. Convenient access to major roadways and employment centers adds to rental appeal. At $224,900, projected cap rate ~9%. Strong opportunity to build cash flow or offset housing costs.
Country: US
Parcel Number: 0273850000
Tax Annual Amount: 3816.14
Tax Year: 2025
Tax Legal Description: 5-78 39-1S-26E .109 OAKLAWN LOT 4 BLK 12
Lot Size Acres: 0.11
Bathrooms Half: 0
Living Area: 1456
Number Of Units Total: 3
Living Area Source: Public Records
CDD Fee YN: No
Association YN: No
Waterfront YN: No
Directions: FROM MAIN STREET TURN LEFT UNTO W 43RD STREET, TRIPLEX LOCATED ON THE LEFT. 18-20-22 W 43rd St.
Public Remarks: Value-add triplex with in-place income and clear path to increased cash flow, priced for entry-level investors seeking value. Property features three separately metered units, including a 1BR (Unit 18), studio (Unit 20), and 2BR (Unit 22). Unit 18 is leased at $825/month (MTM), while the studio and 2BR are vacant--ideal for lease-up or owner occupancy. Pro forma gross income estimated at ~$32,000/year conservatively, offering a strong foundation with potential to improve through light updates and management. New roof in 2025. Large driveway provides ample off-street parking, and separate utilities help keep operating costs lower. Functional layouts, private entrances, and straightforward unit mix support an efficient lease-up and long-term hold strategy. Convenient access to major roadways and employment centers adds to rental appeal. At $224,900, projected cap rate ~9%. Strong opportunity to build cash flow or offset housing costs.
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Furnished: Unfurnished
Stories Total: 2
Water Body Access YN: No
List Price/SqFt: 154.46
Sold Price/SqFt: 140.8
Bedrooms Total: 4
Bathrooms Total: 3
Bathrooms Full: 3
Year Built: 1954
Accessory Dwelling Unit Y/N: No
Property Attached YN: No
Electric Range: 1
Refrigerator: 1
Multi-Family: 1
Residential: 1
Off Street: 1
Shared Driveway: 1
Close Of Escrow: 1
Subject To Tenant Rights: 1
Unit ID: 18
Actual Rent: 825
Unit SqFt: 400
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: M2M, sq footage is estimated, buyer to verify
Unit ID: 20
Actual Rent: 0
Unit SqFt: 328
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Studio, Vacant, sq ft is estimate, buyer to verify
Unit ID: 22
Actual Rent: 0
Unit SqFt: 728
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Vacant, sq ft is estimated, buyer to verify
Electricity Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Connected: 1
Financing: 1
Inspection: 1
Current Price: $205,000
Sold Price: $205,000
Status: Closed
Listing Contract Date: 2026-03-26
Property Sub Type: Triplex
Street Number: 18
Street Direction Prefix: W
Street Name: 43RD
Street Suffix: Street
Postal Code: 32208
Subdivision Name: Oak Lawn
MLS Area Major: 071-Brentwood/Evergreen
Major Change Timestamp: 2026-05-24T18:16:32Z
Major Change Type: Status Change
Purchase Contract Date: 2026-04-21
Close Date: 2026-05-22
Appliances: Electric Range; Refrigerator
Construction Materials: Concrete
Cooling: Wall/Window Unit(s)
Current Use: Multi-Family; Residential
Listing Terms: Cash; Conventional; FHA; Owner May Carry; VA Loan
Parking Features: Off Street; Shared Driveway
Possession: Close Of Escrow; Subject To Tenant Rights
Road Frontage Type: City Street
Road Surface Type: Asphalt
Tenant Pays: All Utilities
Utilities: Electricity Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Connected
Contingency Reason: Financing; Inspection
Listing Office: NOMAD REALTY
Last Updated: May - 24 - 2026
Information deemed reliable but not guaranteed.
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