Duplex with
For Sale
$225,000
6348 HYDE GROVE Avenue, Jacksonville, FL 32210
Residential Income, Jacksonville, FL
Property Size1,896 SF
Lot Size0.30 Acres
Price / SF$118.67
Days on Market127
Property Features for 6348 HYDE GROVE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 1
Parking features
Carport
Appliances
Gas Range, Refrigerator
Subdivision
Country Club Manor
Lot features
Cleared, Few Trees
Directions
From Lane Ave go East on Hyde Grove Ave...Home is on your Right
Standard status
Active
APN
0684950050
Size
1,896 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3780
Utilities
Utilities
Cable Available
Heating system
Varies by Unit (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Varies by Unit
Water source
Public
Building Details
Year built
1942
Floors in Building
1
Number of units
2
Flooring type
Laminate
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
(904) 247-0059
Listed By:
ERIC DREIBELBIS · License #SL3242953
(904) 339-3084
Added: May 8
Changed: Sep 10
Last Checked: Sep 11 at 6:06AM
MLS# 2144318
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 Jacksonville duplex contains 1,896 square feet across two residential units: a 2/2 and a 1/1. Each unit has a carport, while a detached storage/carport structure provides additional covered utility space. Interior features include laminate flooring, gas ranges, refrigerators, and unit-specific heating and cooling systems. The roof was replaced in 2020.
The property occupies a 0.3-acre parcel measuring 100x125 feet and was built in 1942. Public water and cable availability serve the property. The existing configuration supports occupancy of one unit while the other is rented, or rental of both units, subject to applicable requirements. Showings require an appointment.
The property occupies a 0.3-acre parcel measuring 100x125 feet and was built in 1942. Public water and cable availability serve the property. The existing configuration supports occupancy of one unit while the other is rented, or rental of both units, subject to applicable requirements. Showings require an appointment.
Key Highlights
- Two‑unit duplex with a 2/2 and a 1/1 configuration
- 1,896 square feet on a 0.3‑acre lot
- Lot measures 100x125 feet
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
$17,803
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
7.91%
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%
$356,060
$356.1K
Cap Rate 7%
$254,329
$254.3K
Cap Rate 9%
$197,811
$197.8K
Market Conditions
NOI Build-Up for 1,896 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
$28.0K $14.76/SF
− Vacancy
−$2.6K −$1.35/SF
EGI
$25.4K $13.41/SF
− OpEx
−$7.6K −$4.02/SF
NOI
$17.8K $9.39/SF
Area
ZIP 32210
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%
$356,060
Cap Rate 7%
$254,329
Cap Rate 9%
$197,811
Alternative Uses
Best Use
Multifamily LT 5
$254.3K
$222.5K – $296.7K
NOI $17,803 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$200.4K
$175.3K – $233.8K
NOI $14,027 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residential property includes detached storage and a roof replaced in 2020.
Where is this duplex located?
The property is located at 6348 HYDE GROVE Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2/2 and a 1/1 configuration; 1,896 square feet on a 0.3‑acre lot; Lot measures 100x125 feet
