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Rebuilt Duplex Near Beach Access
For Sale
$1,300,000

115 Azalea Pl, Neptune Beach, FL 32266

Two-unit duplex rebuilt circa 1998 offers 2 bed/1 bath layouts with high ceilings and a currently rented downstairs unit.

Property Size1,836 SF
Lot Size0.08 Acres
Price / SF$708.06
Days on Market107

Property Features for 115 Azalea Pl

General Information

Standard status Active
Size 1,836 SF
Lot size 0.08 Acres
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Amenities

deck
covered storage
green space

Building Details

Year Built 1940
Year Renovated 1998
Tenancy Multi
Listing Agency: THIRD AND MAIN REALTY
Listed By: ALANNAH DALY
Source: Findingfernandina
Added: May 27 Changed: Sep 9 Last Checked: Sep 9 at 11:45AM

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 THIRD AND MAIN REALTY

Investment Insights

Based on property information with market context.

This duplex was completely designed and rebuilt from the foundation to the roof circa 1998. The property features two 2 bed/1 bath units, both with high ceilings. The upstairs unit is configured with bright open space and custom built-in bookshelves, bench seats, and storage, along with a large entertaining deck, covered storage, and a small green space. The downstairs unit uses concrete block construction with a concrete foundation and is currently rented. It includes a large kitchen with concrete counters and butcher block, plus additional creative and unique design elements in the space.

The duplex is approximately 255 feet from the beach, with public beach access one block away on Pine Street. The lot size is noted as 60x60.

As a residential income property, it offers a two-unit setup with one unit currently rented and both units sharing the 2 bed/1 bath layout and high-ceiling characteristics.

Key Highlights

  • Duplex rebuilt from the foundation to the roof circa 1998
  • Both units feature 2 bed/1 bath layouts with high ceilings
  • Downstairs unit is currently rented

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Building Supply Auto Parts Store Accounting Firm Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

780
Businesses Nearby

Demographics for 32266, FL

7,217
Population
3,792
Households
1.9
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
2.3 sq mi
ZIP Area
3,138
Density / Sq Mi
$111,025
Median Household Income
$52,180
Median Earnings
$1,481
Median Rent
$613,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit duplex rebuilt circa 1998 offers 2 bed/1 bath layouts with high ceilings and a currently rented downstairs unit.
Where is this duplex located?
The property is located at 115 Azalea Pl Neptune Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Duplex rebuilt from the foundation to the roof circa 1998; Both units feature 2 bed/1 bath layouts with high ceilings; Downstairs unit is currently rented
More about this property
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