Duplex with Detached
For Sale
$150,000
395 DURAY Court, Jacksonville, FL 32208
Residential Income, Jacksonville, FL
Property Size967 SF
Lot Size0.13 Acres
Price / SF$155.12
Days on Market168
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 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
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
Electric (Heating), Central
Cooling system
Electric, Central Air
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: Sep 12
Last Checked: Oct 4 at 7:06PM
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 1941 duplex property includes a 967-square-foot main residence and a detached 210-square-foot efficiency unit. The primary home offers a living area with fireplace, dining space, indoor laundry, electric range and oven, central heating, and central air. The secondary unit has its own kitchenette and bathroom, creating a distinct ancillary space within the property. Public sewer serves the site, and parking is provided off street.
The property is located at 395 Duray Court in Jacksonville’s Northside area. The main residence is occupied under a month-to-month lease, providing an existing tenant arrangement while preserving flexibility for future use. The 0.13-acre parcel also includes mature surroundings and a driveway serving the improvements.
The property is located at 395 Duray Court in Jacksonville’s Northside area. The main residence is occupied under a month-to-month lease, providing an existing tenant arrangement while preserving flexibility for future use. The 0.13-acre parcel also includes mature surroundings and a driveway serving the improvements.
Key Highlights
- 967‑square‑foot main residence with a detached 210‑square‑foot efficiency unit
- Main home occupied under a month‑to‑month lease
- Detached efficiency includes a kitchenette and bathroom
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
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Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Separately situated living space includes a kitchenette, bathroom, 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: 967‑square‑foot main residence with a detached 210‑square‑foot efficiency unit; Main home occupied under a month‑to‑month lease; Detached efficiency includes a kitchenette and bathroom
