Two-Unit Duplex with Central
For Sale
$179,900
7811 JASPER Avenue, Jacksonville, FL 32211
MULTI_FAMILY - Jacksonville, FL
Property Size1,280 SF
Lot Size0.17 Acres
Price / SF$140.55
Days on Market314
Property Features for 7811 JASPER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Off Street
Appliances
Dishwasher, Refrigerator
Subdivision
Oakwood Villa Ests
Lot features
Cleared
Directions
Atlantic Blvd to Acme to Jasper to 7811 on R
Standard status
Active
APN
1436930030
Size
1,280 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2486
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
luxury vinyl plank flooring
walk-in tile showers
newer cabinets
central AC
off-street parking
Building Details
Year built
1983
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Brick
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
HOWARD E SPENCER
(908) 448-1239
Added: Oct 8, 2025
Changed: Aug 13
Last Checked: Aug 17 at 7:06PM
MLS# 2112528
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 1983 brick duplex contains 1,280 square feet across two one-bedroom, one-bath units. The property needs work and includes durable laminate flooring, newer cabinets, walk-in tile showers, central air conditioning, a dishwasher, and a refrigerator. Each residence has its own living arrangement, while the building’s brick exterior provides a defined street-facing presence.
The 0.17-acre property includes off-street parking and is served by public water and public sewer. Its Jacksonville location offers access to Atlantic Boulevard for nearby shopping, dining, and commuting routes. The two-unit layout supports either continued rental use or an owner-occupant arrangement with a separate residence on site.
The 0.17-acre property includes off-street parking and is served by public water and public sewer. Its Jacksonville location offers access to Atlantic Boulevard for nearby shopping, dining, and commuting routes. The two-unit layout supports either continued rental use or an owner-occupant arrangement with a separate residence on site.
Key Highlights
- Two‑unit duplex with each residence configured as 1 bedroom and 1 bathroom
- 1,280 square feet on a 0.17‑acre lot
- 1983 construction with brick exterior
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
$12,019
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
6.68%
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%
$240,380
$240.4K
Cap Rate 7%
$171,700
$171.7K
Cap Rate 9%
$133,544
$133.5K
Market Conditions
NOI Build-Up for 1,280 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
$18.9K $14.76/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$17.2K $13.41/SF
− OpEx
−$5.2K −$4.02/SF
NOI
$12.0K $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%
$240,380
Cap Rate 7%
$171,700
Cap Rate 9%
$133,544
Alternative Uses
Best Use
Multifamily LT 5
$171.7K
$150.2K – $200.3K
NOI $12,019 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$135.3K
$118.4K – $157.8K
NOI $9,470 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$350.6K
$306.8K – $409.1K
NOI $24,545 @ 7.0% cap · market cap 13.64%
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
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
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 - Brick duplex with two one-bedroom residences, off-street parking, and access to Atlantic Boulevard.
Where is this duplex located?
The property is located at 7811 JASPER Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two‑unit duplex with each residence configured as 1 bedroom and 1 bathroom; 1,280 square feet on a 0.17‑acre lot; 1983 construction with brick exterior
