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Investment Highlights

  • Acquire a 2023-built, 76-unit townhouse portfolio in Jacksonville, delivering immediate yield through near-full occupancy and established rents.
  • Capture tenant demand with highly desirable three- and four-bedroom layouts featuring open-concept living, modern fixtures, and appliances.
  • Strong submarket fundamentals driven by projected population growth, rising household incomes, and increasing need for renter-friendly housing.
  • Stabilized cash flow generated by modern duplex-style, two-story townhomes, reducing lease-up risk and providing a seamless owner transition.
  • Leverage a turnkey investment profile requiring minimal capital improvements, allowing investors to prioritize income durability over repositioning.
  • Secure long-term value through recent construction, durable asset quality, and proven rent performance, creating a low-friction investment.

Executive Summary

Acquire a recently constructed townhouse portfolio in Jacksonville, Florida, offering immediate and reliable income with minimal operational lift. Recently built in 2023, The Harper at Trout River presents a 76-unit property, comprised of duplex-style, two-story townhomes with one-car garages, delivering a modern residential product that aligns with today’s renter preferences. With near-full occupancy and rents already at healthy, stabilized levels, the asset provides seamless cash flow from day one, eliminating the typical lease-up risk associated with new construction.

Each unit features three- and four-bedroom layouts with open-concept living areas, luxury vinyl plank (LVP) flooring, and well-appointed kitchens outfitted with stainless steel appliances and granite countertops. The quality of construction and finishes translates directly to tenant appeal and retention, reinforcing the property’s ability to maintain strong occupancy and rental performance. Investors benefit from a turnkey investment that requires virtually no additional capital improvements, allowing immediate focus on income generation rather than asset repositioning.

The surrounding community further enhances the investment profile, offering a peaceful, landscaped setting with access to outdoor amenities including kayaking, fishing, and scenic walking paths along the Trout River. Just off the intersection of Interstate 295 and New Kings Road/US Highway 23, the development ensures convenient regional connectivity. Nearby retail, including Tractor Supply Co., Wendy’s, and Dollar General, provides everyday conveniences for residents, supporting sustained rental demand and long-term tenant stability.

Within a growing northwest Jacksonville submarket, The Harper at Trout River benefits from favorable demographic trends, including projected household growth of nearly 8% within a mile radius through 2030 and average household incomes approaching $78,000. In an area where renter-friendly housing options remain in demand, The Harper at Trout River is well-positioned to sustain continued absorption and maintain strong rent levels.

Recent construction, stabilized occupancy, modern unit design, and a growing submarket create a highly efficient investment profile, offering a rare opportunity to acquire a high-quality, income-producing asset. Minimal upfront friction delivers a truly seamless investment experience backed by durable fundamentals and long-term value.

Property tours are by appointment only. Please contact the listing broker to schedule.

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Offering Memorandum Click Here to Access

Data Room Click Here to Access

Market Analytics Click Here to Access

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Market Sale Price per Unit

Jacksonville - FL USA

Market Cap Rate

Jacksonville - FL USA

Market Sale Price per Unit by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per Unit Distribution

Market Cap Rate Distribution

Property Facts

Sale Type Investment
Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 76
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 18.19 AC
Building Size 276,898 SF
Average Occupancy 89%
No. Stories 2
Year Built 2023
Zoning CCG-1 - Commercial Community/General-1
Parcel Number 002792-0505

Amenities

Unit Amenities

  • Washer/Dryer
  • Washer/Dryer Hookup
  • Kitchen
  • Tub/Shower
  • Island Kitchen
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access
  • Recycling
  • Trash Pickup - Door to Door
  • Maintenance on site
  • Online Services
  • Pond
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Sale Advisor

Sale Advisor

SFR Realty, LLC
Contact
Jason Green, Vice President
Jason Green is the Founder and Managing Member of SFR Realty, LLC, where he provides brokerage services across more than 40 US states and the District of Columbia. Since 2003, he has been involved in over 3,000 residential real estate flip projects and more than $1.5 billion in investments, with deep experience spanning acquisitions, rehabilitation, construction management, asset management, and consulting.
  
His career includes leadership roles in single-family rentals, build-to-rent development, portfolio services, and business development at Roofstock, as well as active angel investing and advisory work with early-stage PropTech companies.

About the Auction Technology

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More

Auction Contact

Victoria Quade
Auctioneer License: Ten-X Commercial, LLC Vibhav Kapila RE Brkr CQ1063389
  • Listing ID: 40714578

  • Date on Market: 2026-06-12

  • Last Updated:

  • Address: 9805 Trout Tides Blvd, Jacksonville, FL 32219

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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