Duplex With Alley
For Sale
$535,000
Pending
925 CEDAR Street, Jacksonville, FL 32207
Residential Income, Jacksonville, FL
Property Size1,988 SF
Lot Size0.13 Acres
Days on Market50
Property Features for 925 CEDAR Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3
Parking
4
Fencing
Privacy
Appliances
Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Washer
Subdivision
San Marco
Directions
Going North on Hendrick's Ave or San Marco Blvd, turn left on Cedar St. driving towards the St. Johns River.
Standard status
Pending
APN
0807810000
Size
1,988 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5578
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air, Separate Meters
Water source
Public
Building Details
Year built
1942
Floors in Building
1
Number of units
2
Flooring type
Tile, Wood, Vinyl
Roof type
Shingle
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
(904) 388-5005
Listed By:
KIMBERLY WATERHOUSE · License #3468865
(904) 742-8889
Added: Jul 30
Changed: Sep 12
Last Checked: Sep 17 at 9:06PM
MLS# 2157774
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 1,988-square-foot duplex, built in 1942, sits on a 0.13-acre parcel in Jacksonville’s San Marco area. The property includes two residential units, central air with separate meters, central or heat-pump heating, and a privacy fence. Interior finishes include wood, tile, and vinyl flooring, with kitchens equipped with a range of appliances. Public water and sewer serve the property, and the roof is shingle.
Alley access adds a practical secondary approach to the site. The property is located at 925 Cedar Street in Jacksonville, within postal code 32207. An additional dwelling unit may be possible subject to zoning requirements, municipal approvals, permitting, and buyer due diligence.
Alley access adds a practical secondary approach to the site. The property is located at 925 Cedar Street in Jacksonville, within postal code 32207. An additional dwelling unit may be possible subject to zoning requirements, municipal approvals, permitting, and buyer due diligence.
Key Highlights
- Duplex totaling 1,988 square feet on a 0.13‑acre lot
- Built in 1942 with wood, tile, and vinyl flooring
- Central air conditioning with separate meters
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
$18,667
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
3.49%
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%
$373,340
$373.3K
Cap Rate 7%
$266,671
$266.7K
Cap Rate 9%
$207,411
$207.4K
Market Conditions
NOI Build-Up for 1,988 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
$29.3K $14.76/SF
− Vacancy
−$2.7K −$1.35/SF
EGI
$26.7K $13.41/SF
− OpEx
−$8.0K −$4.02/SF
NOI
$18.7K $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%
$373,340
Cap Rate 7%
$266,671
Cap Rate 9%
$207,411
Alternative Uses
Best Use
Multifamily LT 5
$266.7K
$233.3K – $311.1K
NOI $18,667 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$210.1K
$183.9K – $245.1K
NOI $14,708 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$544.6K
$476.5K – $635.4K
NOI $38,122 @ 7.0% cap · market cap 7.13%
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
3,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with public utilities, separate cooling meters, and a fenced yard in Jacksonville’s San Marco area.
Where is this duplex located?
The property is located at 925 CEDAR Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Duplex totaling 1,988 square feet on a 0.13‑acre lot; Built in 1942 with wood, tile, and vinyl flooring; Central air conditioning with separate meters
