Two-Story Brick
For Sale
$240,000
Pending
337-339 11TH Street, Jacksonville, FL 32206
Residential Income, Jacksonville, FL
Property Size2,942 SF
Lot Size0.12 Acres
Days on Market83
Property Features for 337-339 11TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
Parking features
On Street
Fireplace
1
Subdivision
Springfield
Directions
From I-95, exit 8th ST East, left on Boulevard ST, right on W 11th ST
Standard status
Pending
APN
0732440000
Size
2,942 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7033
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1927
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Brick, Frame
Listing Agency:
CORE REALTY, LLC
(904) 853-6018
Listed By:
RYAN L COURSON · License #3193680
(904) 762-5264
Added: Jun 18
Changed: Sep 2
Last Checked: Sep 8 at 3:06AM
MLS# 2151231
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 two-story duplex contains 2,942 square feet on a 0.12-acre lot. The two units include living rooms with fireplaces, separate dining areas, kitchens with tile flooring, wood flooring in select spaces, and interior utility rooms. The upper residence adds a covered front porch.
Built in 1927, the property combines brick and frame construction with central heating and central air conditioning. On-street parking serves the property, while public water and public sewer provide utility service. The room inventory includes four bedrooms and two bathrooms. Located in Jacksonville, the property is identified as a Fannie Mae HomePath property.
Built in 1927, the property combines brick and frame construction with central heating and central air conditioning. On-street parking serves the property, while public water and public sewer provide utility service. The room inventory includes four bedrooms and two bathrooms. Located in Jacksonville, the property is identified as a Fannie Mae HomePath property.
Key Highlights
- 2,942‑square‑foot duplex on a 0.12‑acre lot
- Two‑story layout with two residential units
- Living rooms with fireplaces and separate dining rooms
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
$21,766
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
9.07%
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%
$435,320
$435.3K
Cap Rate 7%
$310,943
$310.9K
Cap Rate 9%
$241,844
$241.8K
Market Conditions
NOI Build-Up for 2,942 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
$43.8K $14.88/SF
− Vacancy
−$4.2K −$1.43/SF
EGI
$39.6K $13.45/SF
− OpEx
−$17.8K −$6.05/SF
NOI
$21.8K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
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%
$435,320
Cap Rate 7%
$310,943
Cap Rate 9%
$241,844
Alternative Uses
Best Use
Multifamily LT 5
$394.6K
$345.3K – $460.4K
NOI $27,625 @ 7.0% cap · market cap 11.51%
Second Best
Apartment 5plus
$310.9K
$272.1K – $362.8K
NOI $21,766 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$805.9K
$705.2K – $940.3K
NOI $56,416 @ 7.0% cap · market cap 23.51%
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
2,231
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 - Two residential units feature fireplaces, dining rooms, tile-floored kitchens, and interior utility rooms.
Where is this duplex located?
The property is located at 337-339 11TH Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2,942‑square‑foot duplex on a 0.12‑acre lot; Two‑story layout with two residential units; Living rooms with fireplaces and separate dining rooms
