Duplex with Fenced
For Sale
$199,900
1222 Clark St, Jacksonville, FL 32206
Two separately metered residences offer private entrances and a flexible mix of leased and vacant space.
Property Size2,024 SF
Price / SF$98.76
Days on Market172
Property Features for 1222 Clark St
General Information
Standard status
Active
Size
2,024 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
fenced backyard
private entrances
Building Details
Year Built
1911
Tenancy
Single
Listing Agency:
NOMAD REALTY
Listed By:
RICHARD STANCATO · License #BK3393478
(904) 428-9269
Source:
Jacksonvilleflhomeguide
Added: Mar 15
Changed: Sep 2
Last Checked: Sep 1 at 7:48PM
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 NOMAD REALTY
Investment Insights
Based on property information with market context.
This 2,024-square-foot duplex, built in 1911, contains two separately metered residences with private entrances. The upper unit has three bedrooms and one bathroom and is leased month-to-month, while the lower unit provides two bedrooms and one bathroom and is currently vacant. The layout supports continued leasing or owner occupancy within the existing configuration.
A new roof was installed in 2025, and the property includes a large fenced backyard for additional outdoor space. The duplex is located at 1222 Clark St in Jacksonville’s Historic Springfield, with Downtown Jacksonville, dining, parks, and other local amenities described as minutes away.
A new roof was installed in 2025, and the property includes a large fenced backyard for additional outdoor space. The duplex is located at 1222 Clark St in Jacksonville’s Historic Springfield, with Downtown Jacksonville, dining, parks, and other local amenities described as minutes away.
Key Highlights
- 2,024‑square‑foot duplex built in 1911
- Upper 3BR/1BA unit leased month‑to‑month
- Vacant lower 2BR/1BA unit
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
$14,974
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
7.49%
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%
$299,480
$299.5K
Cap Rate 7%
$213,914
$213.9K
Cap Rate 9%
$166,378
$166.4K
Market Conditions
NOI Build-Up for 2,024 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
$30.1K $14.88/SF
− Vacancy
−$2.9K −$1.43/SF
EGI
$27.2K $13.45/SF
− OpEx
−$12.3K −$6.05/SF
NOI
$15.0K $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 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%
$299,480
Cap Rate 7%
$213,914
Cap Rate 9%
$166,378
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.6K – $316.8K
NOI $19,005 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$213.9K
$187.2K – $249.6K
NOI $14,974 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$554.5K
$485.2K – $646.9K
NOI $38,812 @ 7.0% cap · market cap 19.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,304
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
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 separately metered residences offer private entrances and a flexible mix of leased and vacant space.
Where is this duplex located?
The property is located at 1222 Clark St Jacksonville, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 2,024‑square‑foot duplex built in 1911; Upper 3BR/1BA unit leased month‑to‑month; Vacant lower 2BR/1BA unit
