Duplex Income
1345 N LAURA Street Jacksonville, FL 32206
1345 N LAURA Street, Jacksonville, FL, 32206
$399,000
For Sale
$399,000
Two-unit duplex with updated kitchens and baths, original wood floors, and a metal roof; one unit is leased through March 2025.
Property Size2,232 SF
Price / SF$178.76
Days on Market594
Property Features for 1345 N LAURA Street
General Information
- Standard status
- Active
- Size
- 2,232 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1909
Listing agency
KELLER WILLIAMS REALTY ATLANTIC PARTNERS (ST. AUG)
(386) 283-3860
Listed by
Billy Dezius · License #3490809
(386) 283-3860
Source
Exitrealty
Added: Dec 5, 2024 Updated: Jul 21 at 12:52AM Checked: Jul 21 at 6:00AM
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 KELLER WILLIAMS REALTY ATLANTIC PARTNERS (ST. AUG)
Investment Insights
Based on property information with market context.
This duplex for sale offers two residential units, each with two bedrooms and one bath. The property includes updated kitchens and baths as of 2020, with original wood floors plus original baseboard and door frame molding that retain a classic character. A durable metal roof provides an additional layer of exterior longevity.
The property is located at 1345 N LAURA Street in Jacksonville, within the historic Springfield district. Each unit has approximately 1,116 square feet of living space, for a total property size of about 2,232 square feet.
Operationally, the duplex can support a live-in-and-lease arrangement, with one unit already leased through March 2025.
The property is located at 1345 N LAURA Street in Jacksonville, within the historic Springfield district. Each unit has approximately 1,116 square feet of living space, for a total property size of about 2,232 square feet.
Operationally, the duplex can support a live-in-and-lease arrangement, with one unit already leased through March 2025.
Key Highlights
- 1909‑built 2‑unit duplex in Jacksonville’s historic Springfield district
- Each unit has 1,116 SF with 2 bedrooms and a bath
- Updated kitchens and baths in both units as of 2020
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $14.76 |
| − Vacancy | −$3.0k | −$1.35 |
| EGI | $29.9k | $13.41 |
| − OpEx | −$9.0k | −$4.02 |
| NOI | $21.0k | $9.39 |
2,232 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,958 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$235.9K
$206.4K – $275.2K
NOI $16,513 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$611.4K
$535.0K – $713.4K
NOI $42,801 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex with updated kitchens and baths, original wood floors, and a metal roof; one unit is leased through March 2025.
Where is this duplex located?
The property is located at 1345 N LAURA Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1909‑built 2‑unit duplex in Jacksonville’s historic Springfield district; Each unit has 1,116 SF with 2 bedrooms and a bath; Updated kitchens and baths in both units as of 2020
