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    Turnkey Renovated Duplex Title is generated by Realmo AI

    112 2nd St, St Augustine, FL 32080

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    For Sale
    $925,000

    MULTI_FAMILY - St Augustine, FL

    Property size:
    2,500 SF
    Price / SF:
    $370/SF
    Added:
    May 23, 2025
    Days on Market:
    379
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 112 2nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MDR
    Standard status
    Active
    APN
    169380-0110

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    2-5 CHAUTAUQUA BEACH LOT 11 BLK 20 & S1/2 OF VACATED ALLEY LYING N OR5826/1009(C/D)
    Tax Annual Amount
    9029

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1986
    Number of units
    2
    Building materials
    Frame, Wood

    We can help!

    Listing Contact
    Noah Bailey
    Noah Bailey

    Listing agent Noah Bailey License #3081415

    Listing office Keller Williams Realty Atlantic Partners St Augustine 100 Southpark Blvd Suite 201, St Augustine, FL

    Listing date May 23, 2025

    MLS# 253112 Listing URL

    Copyright © 2026 St. Augustine & St. John's County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex in St. Augustine Beach built in 1986 with approximately 2,500 SF total living area
    • Two updated 1,250‑SF residences, each with 2 bedrooms and 1.5 bathrooms
    • Newly renovated with furnished units
    • Wide‑plank vinyl flooring and stylish kitchens with white shaker cabinetry, granite countertops, and stainless steel appliances
    • Central heating and central air with electric systems
    • Paver front porches, private fenced backyards with patios, and ample driveway parking

    Overview

    This newly renovated duplex is offered fully furnished and set up as two separate updated residences. Each unit is laid out with two bedrooms and 1.5 bathrooms and includes wide-plank vinyl flooring, white shaker cabinetry, granite countertops, and stainless steel appliances. Exterior features include paver front porches and private, fenced backyards with patios, providing outdoor space for both residents and guests. Off-street parking is available via an ample driveway.

    The property is located at 112 2nd St in St. Augustine Beach, with public remarks noting it is just one block from the beach. The surrounding area includes nearby coffee shops, restaurants, and shopping.

    As a turnkey duplex, this home fits buyers looking for an income-focused residential property with move-in-ready furnishings and straightforward unit separation. The updated interiors and outdoor privacy features can support day-to-day tenant use, while the beach proximity may be appealing to renters seeking a coastal lifestyle. Zoning is listed as MDR, which should be reviewed for compatibility with your intended use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.268373
    Latitude
    29.846101

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    FAQs

    What type of property is this?
    Duplex - Newly renovated, fully furnished duplex with fenced yards and driveway parking near the beach.
    Where is this duplex located?
    The property is located at 112 2nd St St Augustine, FL.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Duplex in St. Augustine Beach built in 1986 with approximately 2,500 SF total living area; Two updated 1,250‑SF residences, each with 2 bedrooms and 1.5 bathrooms; Newly renovated with furnished units
    (904) 867-3242
    We can help!
    Listing Contact
    Noah Bailey
    Noah Bailey
    Real Estate License ID: 3081415
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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