Single-Story
For Sale
$289,900
3226 ROSSELLE Street, Jacksonville, FL 32205
Concrete-block income property with mirrored layouts, separate utility meters, fenced rear space, and occupied units.
Property Size1,400 SF
Price / SF$207.07
Days on Market822
Property Features for 3226 ROSSELLE Street
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,953
Building Details
Year Built
1973
Listing Agency:
ASSIST2SELL BUYERS & SELLERS REALTY
(904) 825-2800
Listed By:
MIKE CARTER · License #0394272
(904) 654-6654
Source:
Exitrealty
Added: Jun 3, 2024
Changed: Sep 1
Last Checked: Sep 1 at 6:25PM
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 ASSIST2SELL BUYERS & SELLERS REALTY
Investment Insights
Based on property information with market context.
This single-story duplex contains two matching 2BR/1 BA residences arranged as mirror images, with 700 sq.ft. in each unit and 1,400 sq.ft. overall. The concrete-block construction, fenced rear yard, and updated major systems support a straightforward physical layout. Electric and water are separately metered for each residence, while both units connect to city water and sewer. The property was built in 1973 and is occupied by long-term tenants.
The duplex sits south of I-10 off McDuff Street in Jacksonville, with access to grocery shopping, bus service, downtown, and area expressways. Its two-unit configuration and independently metered utilities provide a clearly defined setup for residential income ownership.
The duplex sits south of I-10 off McDuff Street in Jacksonville, with access to grocery shopping, bus service, downtown, and area expressways. Its two-unit configuration and independently metered utilities provide a clearly defined setup for residential income ownership.
Key Highlights
- Two 700 sq.ft. units totaling 1,400 sq.ft.
- Mirrored 2BR/1 BA floor plans in a single‑story layout
- Concrete‑block construction with fenced rear yard
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
$13,146
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
4.53%
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%
$262,920
$262.9K
Cap Rate 7%
$187,800
$187.8K
Cap Rate 9%
$146,067
$146.1K
Market Conditions
NOI Build-Up for 1,400 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
$20.7K $14.76/SF
− Vacancy
−$1.9K −$1.35/SF
EGI
$18.8K $13.41/SF
− OpEx
−$5.6K −$4.02/SF
NOI
$13.1K $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 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%
$262,920
Cap Rate 7%
$187,800
Cap Rate 9%
$146,067
Alternative Uses
Best Use
Multifamily LT 5
$187.8K
$164.3K – $219.1K
NOI $13,146 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$148.0K
$129.5K – $172.6K
NOI $10,358 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$383.5K
$335.6K – $447.4K
NOI $26,846 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
737
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
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 - Concrete-block income property with mirrored layouts, separate utility meters, fenced rear space, and occupied units.
Where is this duplex located?
The property is located at 3226 ROSSELLE Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two 700 sq.ft. units totaling 1,400 sq.ft.; Mirrored 2BR/1 BA floor plans in a single‑story layout; Concrete‑block construction with fenced rear yard
