Renovated Duplex with Additional
New
For Sale
$205,000
1112 E 5th St E, Jacksonville, FL 32206
Both units offer updated interiors and are currently occupied by tenants.
Property Size1,436 SF
Price / SF$142.76
Days on Market4
Property Features for 1112 E 5th St E
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Asking Price
$205,000
Gross Income
$24,600
Additional Details
Multifamily Units
2
Building Details
Year Built
1927
Listed By:
Florida Coastal Team
(904) 664-9864
Source:
Floridacoastalteam
Added: Sep 8
Last Checked: Sep 10 at 6:32AM
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 Florida Coastal Team
Investment Insights
Based on property information with market context.
Built in 1927, this duplex has undergone recent renovation, with updated interiors across both residential units. Each unit is tenant-occupied, and the property is currently fully rented. An additional room provides flexible space that the property information identifies as having potential for a future ADU or expanded living area.
The property is located next to a school and within minutes of Jacksonville’s Historic Springfield District and Downtown Jacksonville. Its two-unit configuration, refreshed interiors, and occupied status make it a straightforward residential income property with an additional room for future planning.
The property is located next to a school and within minutes of Jacksonville’s Historic Springfield District and Downtown Jacksonville. Its two-unit configuration, refreshed interiors, and occupied status make it a straightforward residential income property with an additional room for future planning.
Key Highlights
- Duplex with two tenant‑occupied units
- Recently renovated with updated interiors in both units
- Property is currently fully rented
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
$13,484
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
6.58%
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%
$269,680
$269.7K
Cap Rate 7%
$192,629
$192.6K
Cap Rate 9%
$149,822
$149.8K
Market Conditions
NOI Build-Up for 1,436 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
$21.2K $14.76/SF
− Vacancy
−$1.9K −$1.35/SF
EGI
$19.3K $13.41/SF
− OpEx
−$5.8K −$4.02/SF
NOI
$13.5K $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%
$269,680
Cap Rate 7%
$192,629
Cap Rate 9%
$149,822
Alternative Uses
Best Use
Multifamily LT 5
$192.6K
$168.6K – $224.7K
NOI $13,484 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$151.8K
$132.8K – $177.1K
NOI $10,624 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$393.4K
$344.2K – $459.0K
NOI $27,537 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both units offer updated interiors and are currently occupied by tenants.
Where is this duplex located?
The property is located at 1112 E 5th St E Jacksonville, FL.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Duplex with two tenant‑occupied units; Recently renovated with updated interiors in both units; Property is currently fully rented
