Renovated Historic Duplex with
For Sale
Under Contract
$445,000
1554 N MARKET Street, Jacksonville, FL 32206
MULTI_FAMILY - Jacksonville, FL
Property Size2,388 SF
Lot Size0.07 Acres
Price / SF$186.35
Days on Market16
Property Features for 1554 N MARKET Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4
Parking features
On Street
Exterior features
Balcony
Fireplace
1
Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Subdivision
Springfield
Lot features
Historic Area
Directions
East on Riverside Ave. to (becomes) Broad to R on 1st to L on Market to the corner of Market and 6th.
Standard status
Active Under Contract
APN
0712910000
Size
2,388 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4147
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1914
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Roof type
Metal
Listing Agency:
TRADITIONS REALTY LLC
(904) 683-5230
Listed By:
BETH KING · License #3154601
(904) 705-7154
Added: Jul 15
Changed: Jul 28
Last Checked: Jul 30 at 1:06PM
MLS# 2155537
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 fully renovated historic duplex includes two separate residences with individual addresses. The property was extensively rebuilt during a 2009–2010 renovation that included new insulation, electrical wiring, plumbing, drywall, fixtures, windows, structural repairs, and a durable metal roof. Central heating and air-conditioning systems have also been replaced. Each residence features two bedrooms and two bathrooms, living areas, and an eat-in kitchen with a refrigerator, range, garbage disposal, and dishwasher. Interior finishes include laminate flooring throughout and tile flooring in the bathrooms. Additional features include a wood-burning fireplace and an open-railed deck, and one primary suite includes a garden-style Jacuzzi tub and a modern closet system.
The duplex sits on a 0.07-acre lot and includes easy-to-manage lawn maintenance, with on-street parking available.
Both residences are move-in ready and refreshed with updates such as new interior paint and updated appliances in the downstairs residence, supporting flexible owner-occupant or rental use.
The duplex sits on a 0.07-acre lot and includes easy-to-manage lawn maintenance, with on-street parking available.
Both residences are move-in ready and refreshed with updates such as new interior paint and updated appliances in the downstairs residence, supporting flexible owner-occupant or rental use.
Key Highlights
- Historic Springfield duplex with separate addresses at 1554 N. Market St and 136 E. 6th St, Jacksonville, FL 32206
- Comprehensive 2009–2010 renovation to the studs with new insulation, electrical wiring, plumbing, drywall, fixtures, windows, and structural repairs
- Replaced central heating and central A/C systems, plus durable metal roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.2k | $14.76 |
| − Vacancy | −$3.2k | −$1.35 |
| EGI | $32.0k | $13.41 |
| − OpEx | −$9.6k | −$4.02 |
| NOI | $22.4k | $9.39 |
2,388 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$320.3K
$280.3K – $373.7K
NOI $22,423 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$252.4K
$220.8K – $294.5K
NOI $17,667 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$654.2K
$572.4K – $763.2K
NOI $45,792 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
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 - Fully renovated duplex offers two two-bedroom, two-bath residences with central heat and air and an on-street parking setup.
Where is this duplex located?
The property is located at 1554 N MARKET Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Historic Springfield duplex with separate addresses at 1554 N. Market St and 136 E. 6th St, Jacksonville, FL 32206; Comprehensive 2009–2010 renovation to the studs with new insulation, electrical wiring, plumbing, drywall, fixtures, windows, and structural repairs; Replaced central heating and central A/C systems, plus durable metal roof
