Two-Unit Duplex with
For Sale
$420,000
1418 W 19TH Street, Jacksonville, FL 32209
Residential Income, Jacksonville, FL
Property Size2,598 SF
Lot Size0.12 Acres
Price / SF$161.66
Days on Market83
Property Features for 1418 W 19TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 4, Bathroom 5, Bathroom 6
Parking features
Garage
Appliances
Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Subdivision
Grand Boulevard
Lot features
Few Trees
Directions
From I-95, take Exit 354B toward Martin Luther King Jr. Pkwy/US-1 N. Continue on US-1 N, turn left onto N. Myrtle Ave., then turn right onto W. 19th Street. Property is on the left.
Standard status
Active
APN
046016-0000
Size
2,598 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Fiber Cement
Roof type
Shingle
Listing Agency:
BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY · Better Homes and Gardens Real Estate
(833) 765-3244
Listed By:
JULIANA BAHRI
(904) 874-8706
Added: Jul 12
Changed: Oct 2
Last Checked: Oct 2 at 5:06PM
MLS# 2155191
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,598 square feet on a 0.12-acre parcel, with two residential units designed for separate occupancy. Each side has its own entrance and attached garage, along with an open-concept living area, modern finishes, stainless steel kitchen appliances, and a first-floor half bathroom. The six-bedroom, six-bathroom layout places the bedrooms upstairs for added separation from the main living spaces. Interior features include carpet and vinyl flooring, central heating and central air, fiber cement construction, and shingle roofing. Appliances include a dishwasher, electric range, electric water heater, microwave, and refrigerator.
The property is in Jacksonville near Downtown Jacksonville, I-95, I-10, and Jacksonville International Airport. Water is available, with a well water source and public sewer. There are no HOA or CDD fees. The duplex can support owner occupancy in one unit with the other leased, leasing both units, or use as a two-unit residential income property.
The property is in Jacksonville near Downtown Jacksonville, I-95, I-10, and Jacksonville International Airport. Water is available, with a well water source and public sewer. There are no HOA or CDD fees. The duplex can support owner occupancy in one unit with the other leased, leasing both units, or use as a two-unit residential income property.
Key Highlights
- 2,598 square feet on a 0.12‑acre parcel
- Two units, each with a private entrance and attached garage
- Six bedrooms and six bathrooms with upstairs bedroom placement
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
$24,394
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
5.81%
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%
$487,880
$487.9K
Cap Rate 7%
$348,486
$348.5K
Cap Rate 9%
$271,044
$271.0K
Market Conditions
NOI Build-Up for 2,598 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
$38.3K $14.76/SF
− Vacancy
−$3.5K −$1.35/SF
EGI
$34.8K $13.41/SF
− OpEx
−$10.5K −$4.02/SF
NOI
$24.4K $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%
$487,880
Cap Rate 7%
$348,486
Cap Rate 9%
$271,044
Alternative Uses
Best Use
Multifamily LT 5
$348.5K
$304.9K – $406.6K
NOI $24,394 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$274.6K
$240.3K – $320.4K
NOI $19,221 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$711.7K
$622.7K – $830.3K
NOI $49,819 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Each residence includes separate entry, contemporary finishes, an open living area, and bedrooms positioned on the upper level.
Where is this duplex located?
The property is located at 1418 W 19TH Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,598 square feet on a 0.12‑acre parcel; Two units, each with a private entrance and attached garage; Six bedrooms and six bathrooms with upstairs bedroom placement
