Two-Unit Duplex with Attached
For Sale
$440,000
1418 W 19TH Street, Jacksonville, FL 32209
Residential Income, Jacksonville, FL
Property Size2,598 SF
Lot Size0.12 Acres
Price / SF$169.36
Days on Market53
Property Features for 1418 W 19TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 2, Bathroom 5, Bathroom 6, Bedroom 4
Parking features
Garage
Appliances
Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Subdivision
Grand Boulevard
Lot features
Few Trees
Directions
From I-95, take Exit 354B toward Martin Luther King Jr. Pkwy/US-1 N. Continue on US-1 N, turn left onto N. Myrtle Ave., then turn right onto W. 19th Street. Property is on the left.
Standard status
Active
APN
046016-0000
Size
2,598 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Well
Amenities
private entrance
attached garage
open-concept main living area
modern finishes
stainless steel kitchen appliances
half bathroom on first floor
Building Details
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Fiber Cement
Roof type
Shingle
Listing Agency:
BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY · Better Homes and Gardens Real Estate
(833) 765-3244
Listed By:
JULIANA BAHRI
(904) 874-8706
Added: Jul 12
Changed: Aug 25
Last Checked: Sep 2 at 7:06PM
MLS# 2155191
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,598 square feet on a 0.12-acre parcel in Jacksonville. Each residence has its own entrance, an attached garage, an open-concept main living area, stainless steel kitchen appliances, and a half bathroom on the first floor. The bedrooms are positioned upstairs, creating separation from the primary living spaces. The property includes six bedrooms and six bathrooms overall.
Interior features include vinyl and carpet flooring, central heating, central air conditioning, electric ranges, dishwashers, refrigerators, microwaves, and electric water heaters. Fiber cement construction, a shingle roof, well water, water availability, and public sewer are also identified. The property is near Downtown Jacksonville, I-95, I-10, and Jacksonville International Airport, with access to major roadways. No HOA or CDD fees are reported.
Interior features include vinyl and carpet flooring, central heating, central air conditioning, electric ranges, dishwashers, refrigerators, microwaves, and electric water heaters. Fiber cement construction, a shingle roof, well water, water availability, and public sewer are also identified. The property is near Downtown Jacksonville, I-95, I-10, and Jacksonville International Airport, with access to major roadways. No HOA or CDD fees are reported.
Key Highlights
- Duplex with 2,598 square feet of building area
- 0.12‑acre parcel in Jacksonville
- Each unit includes a private entrance and attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,394
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$487,880
$487.9K
Cap Rate 7%
$348,486
$348.5K
Cap Rate 9%
$271,044
$271.0K
Market Conditions
NOI Build-Up for 2,598 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.3K $14.76/SF
− Vacancy
−$3.5K −$1.35/SF
EGI
$34.8K $13.41/SF
− OpEx
−$10.5K −$4.02/SF
NOI
$24.4K $9.39/SF
Area
Jacksonville, FL
Vacancy
9.12%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$487,880
Cap Rate 7%
$348,486
Cap Rate 9%
$271,044
Alternative Uses
Best Use
Multifamily LT 5
$348.5K
$304.9K – $406.6K
NOI $24,394 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$274.6K
$240.3K – $320.4K
NOI $19,221 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$711.7K
$622.7K – $830.3K
NOI $49,819 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The paired residences provide separate access, flexible occupancy options, and contemporary kitchen appliances.
Where is this duplex located?
The property is located at 1418 W 19TH Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Duplex with 2,598 square feet of building area; 0.12‑acre parcel in Jacksonville; Each unit includes a private entrance and attached garage
