Renovated Duplex with Private
For Sale
$314,900
107 Lighthouse Rd W, Jacksonville, FL 32225
Two attached residences provide separate living configurations and updated interiors.
Property Size1,590 SF
Lot Size0.23 Acres
Days on Market196
Property Features for 107 Lighthouse Rd W
General Information
Standard status
Active
Size
1,590 SF
Lot size
0.23 Acres
Property subtype
Other Special Purpose
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Furnished
No
Amenities
fenced backyard
patio
driveway
Building Details
Building Size
1,590 SF
Year Built
1962
Buildings
1
Listing Agency:
eXp Commercial | California
Listed By:
Melsi Bifsha
(773) 968-8891
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 8:17PM
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 eXp Commercial | California
Investment Insights
Based on property information with market context.
This 1962 duplex combines a three-bedroom, two-bath main residence with an attached one-bedroom, one-bath unit. Renovations include a new roof and gutters, replacement windows, electrical and plumbing updates, refreshed kitchens and bathrooms, vinyl and tile flooring, updated doors and closets, and new interior and exterior paint. The property also includes a newer extended concrete driveway, private off-street parking, a fully fenced backyard, and a newer concrete patio slab. Wood privacy fencing ranges from 4’ to 8’ tall.
Located at 107 Lighthouse Rd W in Jacksonville’s Southside area, the property is a block from the exit connecting 295 and Atlantic Blvd. Shops, restaurants, major dealerships, liquor stores, and entertainment are nearby, while Town Center, Mayo Clinic, downtown, the airport, and beaches are described as minutes away. The property is presented as suitable for house-hack use or rental investment, with a stated 10-12% cap rate range. Furnishings and a powered 40’ container enclosed by an 8’ wood fence are also available at additional cost.
Located at 107 Lighthouse Rd W in Jacksonville’s Southside area, the property is a block from the exit connecting 295 and Atlantic Blvd. Shops, restaurants, major dealerships, liquor stores, and entertainment are nearby, while Town Center, Mayo Clinic, downtown, the airport, and beaches are described as minutes away. The property is presented as suitable for house-hack use or rental investment, with a stated 10-12% cap rate range. Furnishings and a powered 40’ container enclosed by an 8’ wood fence are also available at additional cost.
Key Highlights
- Three‑bedroom, two‑bath main residence attached to a one‑bedroom, one‑bath unit
- New roof, gutters, windows, electrical updates, and plumbing updates
- Updated 3 bathrooms and 2 kitchens
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
$14,930
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
4.74%
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%
$298,600
$298.6K
Cap Rate 7%
$213,286
$213.3K
Cap Rate 9%
$165,889
$165.9K
Market Conditions
NOI Build-Up for 1,590 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
$23.5K $14.76/SF
− Vacancy
−$2.1K −$1.35/SF
EGI
$21.3K $13.41/SF
− OpEx
−$6.4K −$4.02/SF
NOI
$14.9K $9.39/SF
Area
ZIP 32225
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%
$298,600
Cap Rate 7%
$213,286
Cap Rate 9%
$165,889
Alternative Uses
Best Use
Multifamily LT 5
$213.3K
$186.6K – $248.8K
NOI $14,930 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$168.0K
$147.0K – $196.1K
NOI $11,763 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$369.8K
$323.6K – $431.5K
NOI $25,888 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Explore this area
Business Placement
Demographics for 32225, FL
57,441
Population
23,289
Households
2.5
Avg Household Size
39
Median Age
42%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
2,184
Density / Sq Mi
$87,715
Median Household Income
$46,778
Median Earnings
$1,673
Median Rent
$324,300
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 attached residences provide separate living configurations and updated interiors.
Where is this duplex located?
The property is located at 107 Lighthouse Rd W Jacksonville, FL.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bath main residence attached to a one‑bedroom, one‑bath unit; New roof, gutters, windows, electrical updates, and plumbing updates; Updated 3 bathrooms and 2 kitchens
