Multifamily Property With Two
For Sale
$275,000
11419 Bocephus Ln, Jacksonville, FL 32219
Separate utility systems and a private-road setting support flexible residential occupancy across the property.
Property Size2,510 SF
Price / SF$109.56
Days on Market96
Property Features for 11419 Bocephus Ln
General Information
Standard status
Active
Size
2,510 SF
Property subtype
Multi-Family
Building Details
Year Built
1986
Listing Agency:
BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY
Listed By:
HELEN M KIZER PA
(904) 699-3166
Source:
Onewinningteam
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 23 at 12:58PM
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 BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY
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Investment Insights
Based on property information with market context.
This multifamily property includes two fully functional homes totaling 2,510 square feet on 2.5 acres. Each residence has its own well, septic system, and electrical service, allowing the homes to operate independently. The property was built in 1986 and provides a residential configuration suited to extended-family living or occupying one home while using the other for income.
Set along a private road in North Jacksonville, the property includes a private pond, firepit, and covered pavilion. The acreage also provides room for gardening, hobbies, and other outdoor uses. The combination of two homes, separate utilities, and substantial land creates a flexible residential income property with distinct living spaces.
Set along a private road in North Jacksonville, the property includes a private pond, firepit, and covered pavilion. The acreage also provides room for gardening, hobbies, and other outdoor uses. The combination of two homes, separate utilities, and substantial land creates a flexible residential income property with distinct living spaces.
Key Highlights
- Two fully functional homes on 2.5 acres
- Each home has its own well, septic system, and electricity
- 2,510 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,570
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,400
$371.4K
Cap Rate 7%
$265,286
$265.3K
Cap Rate 9%
$206,333
$206.3K
Market Conditions
NOI Build-Up for 2,510 SF
Gross rent
$37.3K $14.88/SF
− Vacancy
−$3.6K −$1.43/SF
EGI
$33.8K $13.45/SF
− OpEx
−$15.2K −$6.05/SF
NOI
$18.6K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,400
Cap Rate 7%
$265,286
Cap Rate 9%
$206,333
Alternative Uses
Best Use
Apartment 5plus
$265.3K
$232.1K – $309.5K
NOI $18,570 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$687.6K
$601.7K – $802.2K
NOI $48,132 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
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Business Placement
Demographics for 32219, FL
14,474
Population
5,780
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
86%
High-School Grad
71.5 sq mi
ZIP Area
202
Density / Sq Mi
$65,104
Median Household Income
$37,410
Median Earnings
$1,348
Median Rent
$205,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate utility systems and a private-road setting support flexible residential occupancy across the property.
Where is this multifamily property located?
The property is located at 11419 Bocephus Ln Jacksonville, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two fully functional homes on 2.5 acres; Each home has its own well, septic system, and electricity; 2,510 square feet of total property size
