Duplex with Private
New
For Sale
$460,000
1233 1235 HOUSTON Street, Green Cove Springs, FL 32043
Both residences have three-bedroom layouts, two full bathrooms, and attached garages.
Property Size2,052 SF
Days on Market3
Property Features for 1233 1235 HOUSTON Street
General Information
Standard status
Active
Size
2,052 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$39,600
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,794
Building Details
Building Size
2,052 SF
Year Built
2021
Buildings
1
Tenancy
Multi
Listing Agency:
NORTH FLORIDA REALTY ADVISORS
Listed By:
STANLEY H BISHOP · License #3131038
(904) 237-2933
Source:
Houseandhavenrealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 10:05AM
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 with a combined 2052 square feet. Each unit offers three bedrooms, two full bathrooms, and a private one-car garage. Both units are leased, providing existing occupancy at the property.
The property is on Houston Street in Green Cove Springs, with access to historic downtown, the St. Johns River, Spring Park, local shopping and restaurants, US Highway 17, and the developing First Coast Expressway.
The property is on Houston Street in Green Cove Springs, with access to historic downtown, the St. Johns River, Spring Park, local shopping and restaurants, US Highway 17, and the developing First Coast Expressway.
Key Highlights
- Two‑unit duplex built in 2021
- 2052 square feet total
- Each unit has 3 bedrooms and 2 full bathrooms
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
Multi-tenant
Tenancy
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 have three-bedroom layouts, two full bathrooms, and attached garages.
Where is this duplex located?
The property is located at 1233 1235 HOUSTON Street 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‑unit duplex built in 2021; 2052 square feet total; Each unit has 3 bedrooms and 2 full bathrooms
