Duplex with Two Distinct
For Sale
$125,000
Pending
1044 W 28TH Street, Jacksonville, FL 32209
Two-unit layout includes a vacant main residence and an occupied rear unit.
Property Size1,186 SF
Days on Market56
Property Features for 1044 W 28TH Street
General Information
Standard status
Pending
Size
1,186 SF
Property subtype
Duplex
Building Details
Year Built
1922
Listing Agency:
VIRTUALTY REAL ESTATE
(904) 299-5158
Listed By:
MOSES R NAE · License #3254591
(407) 499-0240
Source:
Endlesssummerrealty
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 7 at 12:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VIRTUALTY REAL ESTATE
Investment Insights
Based on property information with market context.
This duplex contains two separate residences: a front home with 3 bedrooms and 2 bathrooms, plus a rear unit with 1 bedroom and 1 bathroom. The property measures 1,186 square feet and was built in 1922. The front residence is vacant, while the rear unit is occupied and scheduled to be vacant on October 31, 2026.
Located at 1044 W 28TH Street in Jacksonville, the property is near schools, healthcare facilities, golf courses, major roads, and Downtown Jacksonville. The existing configuration accommodates owner occupancy in one unit with additional rental use in the other, subject to applicable requirements.
Located at 1044 W 28TH Street in Jacksonville, the property is near schools, healthcare facilities, golf courses, major roads, and Downtown Jacksonville. The existing configuration accommodates owner occupancy in one unit with additional rental use in the other, subject to applicable requirements.
Key Highlights
- Two‑unit duplex configuration with a 3‑bedroom, 2‑bathroom front home and a 1‑bedroom, 1‑bathroom rear unit
- 1,186 square feet of property space
- Front residence is currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,136
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,720
$222.7K
Cap Rate 7%
$159,086
$159.1K
Cap Rate 9%
$123,733
$123.7K
Market Conditions
NOI Build-Up for 1,186 SF
Gross rent
$17.5K $14.76/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$15.9K $13.41/SF
− OpEx
−$4.8K −$4.02/SF
NOI
$11.1K $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 Rate 5%
$222,720
Cap Rate 7%
$159,086
Cap Rate 9%
$123,733
Alternative Uses
Best Use
Multifamily LT 5
$159.1K
$139.2K – $185.6K
NOI $11,136 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$125.3K
$109.7K – $146.2K
NOI $8,774 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$324.9K
$284.3K – $379.1K
NOI $22,743 @ 7.0% cap · market cap 18.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
522
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
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 layout includes a vacant main residence and an occupied rear unit.
Where is this duplex located?
The property is located at 1044 W 28TH Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two‑unit duplex configuration with a 3‑bedroom, 2‑bathroom front home and a 1‑bedroom, 1‑bathroom rear unit; 1,186 square feet of property space; Front residence is currently vacant
