Updated 2-Unit
For Sale
$550,000
1263 Wolfe St, Jacksonville, FL 32205
Separate residential layouts support flexible occupancy or rental use.
Property Size1,940 SF
Price / SF$283.51
Days on Market87
Property Features for 1263 Wolfe St
General Information
Standard status
Active
Size
1,940 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1948
Stories
2
Listing Agency:
SELECT REALTY LLC
Listed By:
CLIVE DAVIDSON · License #3379576
(904) 236-2445
Source:
Onewinningteam
Added: Jul 20
Changed: Sep 14
Last Checked: Oct 13 at 12:56AM
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 SELECT REALTY LLC
Investment Insights
Based on property information with market context.
This updated duplex contains two comparable residential units arranged across two floors. Each unit offers 2 bedrooms, 1 bathroom, a dine-in kitchen, and a living room. The property totals 1,940 square feet and was built in 1948.
Both units are currently operated as Airbnb properties, while the configuration also supports long-term rental use or owner occupancy of one unit alongside rental of the other. A detached 2-car garage adds utility, with double laundry hookups providing one connection for each unit. The property is located at 1263 Wolfe St in Jacksonville, Florida.
Both units are currently operated as Airbnb properties, while the configuration also supports long-term rental use or owner occupancy of one unit alongside rental of the other. A detached 2-car garage adds utility, with double laundry hookups providing one connection for each unit. The property is located at 1263 Wolfe St in Jacksonville, Florida.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom on each floor
- 1,940 square feet across two similar residential layouts
- Currently operated as 2 Airbnb properties
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,216
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,320
$364.3K
Cap Rate 7%
$260,229
$260.2K
Cap Rate 9%
$202,400
$202.4K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$28.6K $14.76/SF
− Vacancy
−$2.6K −$1.35/SF
EGI
$26.0K $13.41/SF
− OpEx
−$7.8K −$4.02/SF
NOI
$18.2K $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 Rate 5%
$364,320
Cap Rate 7%
$260,229
Cap Rate 9%
$202,400
Alternative Uses
Best Use
Multifamily LT 5
$260.2K
$227.7K – $303.6K
NOI $18,216 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$205.0K
$179.4K – $239.2K
NOI $14,353 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$531.4K
$465.0K – $620.0K
NOI $37,201 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residential layouts support flexible occupancy or rental use.
Where is this duplex located?
The property is located at 1263 Wolfe St Jacksonville, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom on each floor; 1,940 square feet across two similar residential layouts; Currently operated as 2 Airbnb properties
