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11639 MARINA Drive
About This Property
Exceptional opportunity to own a versatile multi-family property with excellent rental income potential in the highly desirable 32246 ZIP code, known for its convenience, strong community atmosphere, and close proximity to Jacksonville's best shopping, dining, and entertainment. The main house is divided into two separate living spaces, featuring a spacious 4-bedroom, 2-bathroom unit along with an additional private 1-bedroom, 1-bathroom suite. The property also includes a detached studio located at the rear of the property with its own private street entrance, offering even more flexibility for rental income or multi-generational living. This well-maintained property includes valuable upgrades such as newer premium AC systems, a durable 8-year-old roof, and an updated bathroom. Situated on a generous lot in a sought-after neighborhood, the property is conveniently located near FSCJ and the University of North Florida, and just minutes from the Mayo Clinic and the vibrant St. Johns Town Center. Enjoy easy access to local parks, schools, and major amenities, while being only approximately 7 miles from Jacksonville's beautiful Atlantic beaches. Whether you are looking to expand your investment portfolio or live in one unit while generating income from the others, this property offers outstanding potential and location appeal.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2026 | Price Decreased |
$399,000
↓ $11K
(2.7%) | |
| Price Decreased | |||
| Aug 14, 2026 | Price Decreased |
$410,000
↓ $9K
(2.2%) | |
| Price Decreased | |||
| Jul 17, 2026 | Price Decreased |
$419,000
↓ $6K
(1.4%) | |
| Price Decreased | |||
| Jun 20, 2026 | Price Decreased |
$424,900
↓ $4K
(1%) | |
| Price Decreased | |||
| Jun 4, 2026 | Listed by LANDBRIDGE REALTY GROUP LLC | $429,000 | |
| Listed by LANDBRIDGE REALTY GROUP LLC | |||
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017