Duplex with Detached Efficiency
For Sale
$150,000
395 DURAY Court, Jacksonville, FL 32208
MULTI_FAMILY - Jacksonville, FL
Property Size967 SF
Lot Size0.13 Acres
Price / SF$155.12
Days on Market116
Property Features for 395 DURAY Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1
Parking features
Off Street
Appliances
Electric Oven, Electric Range
Subdivision
North Shore Gardens
Lot features
Corner Lot
Directions
From I-95 N. Tajke Exit 357. Right on to Edgewood at the bottom of the Ramp. Ov er the bridge, Edgewood turns into Tallulah. First Right on to Lorain Street. Left on Elwood. Home is on the left.
Standard status
Active
APN
0354870000
Size
967 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1394
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
fireplace
indoor laundry room
Building Details
Year built
1941
Floors in Building
1
Number of units
2
Listing Agency:
LPT REALTY LLC
(877) 366-2213
Listed By:
BRIAN GABREE
(904) 234-4755
Added: Apr 20
Changed: Aug 4
Last Checked: Aug 13 at 6:06AM
MLS# 2140867
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-style property includes a main home and a detached efficiency unit, designed for flexible occupancy. The main home totals 967 SF and features two bedrooms, one bath, a spacious living area with a fireplace, indoor laundry, and a separate dining space. The detached efficiency unit adds 210 SF and includes its own kitchenette and bath, supporting rental income, guest accommodations, or a home office or studio. Driveway off-street parking is available, and the property is connected to public sewer.
The main home is currently tenant occupied on a month-to-month lease, creating immediate rental income with future options for owner occupancy or repositioning. Built in 1941, the property uses central and electric heating and electric and central air cooling.
Set on a 0.13-acre lot, this is a compact, two-living-space configuration that can work for owner-occupants seeking an additional rentable unit or for investors looking for a straightforward income setup.
The main home is currently tenant occupied on a month-to-month lease, creating immediate rental income with future options for owner occupancy or repositioning. Built in 1941, the property uses central and electric heating and electric and central air cooling.
Set on a 0.13-acre lot, this is a compact, two-living-space configuration that can work for owner-occupants seeking an additional rentable unit or for investors looking for a straightforward income setup.
Key Highlights
- Main home features a fireplace, indoor laundry, two bedrooms, and one bath
- Detached efficiency unit includes its own kitchenette and bath
- 967 SF main home and 210 SF detached efficiency unit
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
$9,080
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
6.05%
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%
$181,600
$181.6K
Cap Rate 7%
$129,714
$129.7K
Cap Rate 9%
$100,889
$100.9K
Market Conditions
NOI Build-Up for 967 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
$14.3K $14.76/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$13.0K $13.41/SF
− OpEx
−$3.9K −$4.02/SF
NOI
$9.1K $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%
$181,600
Cap Rate 7%
$129,714
Cap Rate 9%
$100,889
Alternative Uses
Best Use
Multifamily LT 5
$129.7K
$113.5K – $151.3K
NOI $9,080 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$102.2K
$89.4K – $119.2K
NOI $7,154 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$264.9K
$231.8K – $309.1K
NOI $18,543 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
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-unit setup with a detached efficiency for flexible rental or guest/studio use, plus indoor laundry and off-street parking.
Where is this duplex located?
The property is located at 395 DURAY Court Jacksonville, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Main home features a fireplace, indoor laundry, two bedrooms, and one bath; Detached efficiency unit includes its own kitchenette and bath; 967 SF main home and 210 SF detached efficiency unit
