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    Turnkey Duplex Investment Property Title is generated by Realmo AI

    3043 NOLAN Street, Jacksonville, FL 32254

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    For Sale
    $140,000

    MULTI_FAMILY - Jacksonville, FL

    Property size:
    1,400 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $100/SF
    Added:
    Jun 6, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for 3043 NOLAN Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2
    Parking
    2
    Parking features
    Off Street
    Fencing
    Chain Link
    Appliances
    Electric Oven, Electric Range, Electric Water Heater, Refrigerator
    Standard status
    Active
    APN
    0573210000
    Size
    1,400 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2114

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Heat Pump (Heating)
    Cooling system
    Separate Meters, Central Air
    Water source
    Public

    Building Details

    Year built
    1959
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Block
    Roof type
    Shingle

    We can help!

    Listing Contact
    JOHN DIPIETRO

    Listing agent JOHN DIPIETRO License #3252823

    Listing office NUVIEW REALTY 8539 GATE PKWY W 9316, Jacksonville, FL

    Listing date Jun 6, 2026

    MLS# 2149199 Listing URL

    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.

    HighLights

    • Duplex built in 1959 with block construction, shingle roof, and off‑street parking
    • Gross monthly rents of $1,922 (recent history shown as $925 and $997)
    • Separate water and electric meters; public water and public sewer; cable available
    • Roof and major systems updates: new roof (2023), HVAC updates (2024 for unit 3043; 2023 for unit 3045)
    • Unit 3043 improvements include new water heater and re‑piping (2025) plus re‑drained (2021)
    • Unit 3045 includes HVAC (2023) and re‑drained (2023); interior upgrades include freshly painted interiors and new carpeting

    Overview

    This turnkey duplex is offered for sale “as-is” and presented as move-in-ready. The property is configured as two separate units, identified as 3043 and 3045, with fresh interior paint and new carpeting throughout. Major capital items have been completed with a new roof installed in 2023. Unit 3043 includes new HVAC in 2024, a new water heater, and re-piping completed in 2025, along with re-draining in 2021. Unit 3045 has new HVAC installed in 2023 and re-draining completed in 2023. The seller will make no repairs, and the property is strictly sold as-is.

    Located in Jacksonville, Florida (Duval County), the duplex is described as having quick, easy access to major highways. Tenant-paid utilities are supported by separate water and electric meters, intended to reduce owner utility overhead.

    From an operating standpoint, the listing references gross monthly rents of $1,922 based on recent history of $925 and $997, alongside annual insurance of $1,330 and annual taxes of $2,029. With the above updates already completed, the property may be a practical fit for investors or landlords seeking a largely prepared duplex with defined unit-level improvements and separately metered utility billing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.707057
    Latitude
    30.324719

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    FAQs

    What type of property is this?
    Duplex - Well-maintained, move-in-ready duplex with recent roof, updated HVAC, separate utilities, and fresh interior finishes.
    Where is this duplex located?
    The property is located at 3043 NOLAN Street Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Duplex built in 1959 with block construction, shingle roof, and off‑street parking; Gross monthly rents of $1,922 (recent history shown as $925 and $997); Separate water and electric meters; public water and public sewer; cable available
    (904) 710-7431
    We can help!
    Listing Contact
    JOHN DIPIETRO
    Real Estate License ID: 3252823
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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