Duplex with Private Pond
For Sale
Under Contract
$327,400
11419 BOCEPHUS Lane, Jacksonville, FL 32219
MULTI_FAMILY - Jacksonville, FL
Property Size2,510 SF
Lot Size2.51 Acres
Price / SF$130.44
Days on Market99
Property Features for 11419 BOCEPHUS Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 4
Appliances
Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Subdivision
Coleman
Lot features
Split Possible
Directions
Old Kings Road to W on Plummer Road - R on Holton Lane - Left on Bocephus - 3rd home on right 11419
Standard status
Active Under Contract
APN
0025930030
Size
2,510 SF
Lot size
2.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2132
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Amenities
private pond
firepit
covered pavilion
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Roof type
Metal
Listing Agency:
BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY · Better Homes and Gardens Real Estate
(833) 765-3244
Listed By:
HELEN M KIZER PA
(904) 699-3166
Added: May 7
Changed: Aug 12
Last Checked: Aug 13 at 12:06AM
MLS# 2143989
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property features two fully functional homes on a 2.51-acre private setting in North Jacksonville. Each residence is independently equipped with its own well, septic system, and electricity, supporting flexible living and income options. The homes include central heating and central air, with carpet and laminate flooring throughout. The roof is metal, and the kitchens are equipped with appliances including a dishwasher, electric range, microwave, refrigerator, and electric water heater.
The property sits on a private road and includes outdoor amenities designed for relaxation, including serene views of a private pond, a firepit, and a covered pavilion. For everyday comfort and long-term planning, the site offers space for gardening, hobbies, or potential future expansion.
Built in 1986, this is a single-site, two-home setup on a rural-feeling parcel at 11419 Bocephus Lane.
The property sits on a private road and includes outdoor amenities designed for relaxation, including serene views of a private pond, a firepit, and a covered pavilion. For everyday comfort and long-term planning, the site offers space for gardening, hobbies, or potential future expansion.
Built in 1986, this is a single-site, two-home setup on a rural-feeling parcel at 11419 Bocephus Lane.
Key Highlights
- Two fully functional homes on 2.51 acres
- Each home has its own well, septic system, and electricity
- Private road setting with private pond views
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
$23,568
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
7.20%
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%
$471,360
$471.4K
Cap Rate 7%
$336,686
$336.7K
Cap Rate 9%
$261,867
$261.9K
Market Conditions
NOI Build-Up for 2,510 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
$37.0K $14.76/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$33.7K $13.41/SF
− OpEx
−$10.1K −$4.02/SF
NOI
$23.6K $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%
$471,360
Cap Rate 7%
$336,686
Cap Rate 9%
$261,867
Alternative Uses
Best Use
Multifamily LT 5
$336.7K
$294.6K – $392.8K
NOI $23,568 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$265.3K
$232.1K – $309.5K
NOI $18,570 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$687.6K
$601.7K – $802.2K
NOI $48,132 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
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
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 fully functional homes on 2.51 acres, each served by its own well, septic system, and electricity.
Where is this duplex located?
The property is located at 11419 BOCEPHUS Lane Jacksonville, FL.
What is the asking price?
The asking price for this property is $327,400.
What are key features of this property?
This property features: Two fully functional homes on 2.51 acres; Each home has its own well, septic system, and electricity; Private road setting with private pond views
