Two-Unit Duplex with
For Sale
$460,000
1229 Houston St 1227, Green Cove Springs, FL 32043
Both residences are leased, with three-bedroom layouts and private one-car garages.
Property Size2,052 SF
Price / SF$224.17
Days on Market9
Property Features for 1229 Houston St 1227
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Gross Income
$39,600
Highway Access
Yes
Tenant in Place
Yes
Building Details
Year Built
2021
Listing Agency:
NORTH FLORIDA REALTY ADVISORS
Listed By:
STANLEY H BISHOP · License #3131038
(904) 237-2933
Source:
Myfirstcoasthomesearch
Added: Oct 28
Changed: Nov 3
Last Checked: Nov 4 at 2:49PM
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 NORTH FLORIDA REALTY ADVISORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2021, this duplex contains two residences totaling 2,052 square feet. Each unit has three bedrooms, two full bathrooms and a private one-car garage. Both units are leased, providing current rental occupancy.
The property is in Green Cove Springs, with access to historic downtown, the St. Johns River, Spring Park, local retail and restaurants. US Highway 17 and the developing First Coast Expressway are among the transportation routes identified for the area.
The property is in Green Cove Springs, with access to historic downtown, the St. Johns River, Spring Park, local retail and restaurants. US Highway 17 and the developing First Coast Expressway are among the transportation routes identified for the area.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,052 square feet total
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,183
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,660
$363.7K
Cap Rate 7%
$259,757
$259.8K
Cap Rate 9%
$202,033
$202.0K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$29.1K $14.16/SF
− Vacancy
−$3.1K −$1.50/SF
EGI
$26.0K $12.66/SF
− OpEx
−$7.8K −$3.80/SF
NOI
$18.2K $8.86/SF
Area
Clay County, FL
Vacancy
10.60%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,660
Cap Rate 7%
$259,757
Cap Rate 9%
$202,033
Alternative Uses
Best Use
Multifamily LT 5
$259.8K
$227.3K – $303.1K
NOI $18,183 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$229.1K
$200.5K – $267.3K
NOI $16,038 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$547.4K
$478.9K – $638.6K
NOI $38,315 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 32043, FL
30,369
Population
13,331
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
92%
High-School Grad
229.3 sq mi
ZIP Area
132
Density / Sq Mi
$80,698
Median Household Income
$46,310
Median Earnings
$1,370
Median Rent
$292,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with three-bedroom layouts and private one-car garages.
Where is this duplex located?
The property is located at 1229 Houston St 1227 Green Cove Springs, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2,052 square feet total; Built in 2021
