Newly Built
For Sale
$375,020
Pending
5827 AVENUE B, Jacksonville, FL 32209
Residential Income, Jacksonville, FL
Property Size1,710 SF
Lot Size0.14 Acres
Days on Market157
Property Features for 5827 AVENUE B
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
Subdivision
Northside
Directions
Atlantic Blvd. Take Arlington Expy and US-1 ALT N to N Canal St. Follow N Canal St to Ave B
Standard status
Pending
APN
0862270000
Size
1,710 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
136
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2025
Number of units
2
Listing Agency:
BETTER HOMES AND GARDENS LIFESTYLES REALTY · Better Homes and Gardens Real Estate
(833) 765-3244
Listed By:
GEOFF BURT
(904) 612-1148
Added: Apr 4
Changed: Sep 2
Last Checked: Sep 7 at 7:06PM
MLS# 2138450
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.
Constructed in 2025, this duplex provides 1,710 square feet of living area across two residential units. The property includes four bedrooms and four bathrooms, with a four-bedroom configuration reflected in the room details.
Central heating and central air conditioning serve the property. The parcel encompasses 0.14 acres and is located in Jacksonville, Florida, within Duval County.
Central heating and central air conditioning serve the property. The parcel encompasses 0.14 acres and is located in Jacksonville, Florida, within Duval County.
Key Highlights
- Built in 2025
- Duplex with 1,710 square feet of living space
- Four bedrooms and four bathrooms
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
$16,056
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
4.28%
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%
$321,120
$321.1K
Cap Rate 7%
$229,371
$229.4K
Cap Rate 9%
$178,400
$178.4K
Market Conditions
NOI Build-Up for 1,710 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
$25.2K $14.76/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$22.9K $13.41/SF
− OpEx
−$6.9K −$4.02/SF
NOI
$16.1K $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%
$321,120
Cap Rate 7%
$229,371
Cap Rate 9%
$178,400
Alternative Uses
Best Use
Multifamily LT 5
$229.4K
$200.7K – $267.6K
NOI $16,056 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$180.7K
$158.1K – $210.9K
NOI $12,651 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$468.4K
$409.9K – $546.5K
NOI $32,791 @ 7.0% cap · market cap 8.74%
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
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
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 with central heating and air conditioning on a compact urban lot.
Where is this duplex located?
The property is located at 5827 AVENUE B Jacksonville, FL.
What is the asking price?
The asking price for this property is $375,020.
What are key features of this property?
This property features: Built in 2025; Duplex with 1,710 square feet of living space; Four bedrooms and four bathrooms
