Duplex with Two Separate
145 Gassett Road St Augustine, FL 32080
For Sale
$340,500
Two-unit duplex with laminate and tile flooring and low-maintenance landscaping near the beach and Intracoastal Waterway.
Property Size1,200 SF
Price / SF$283.75
Days on Market1114
Property Features for 145 Gassett Road
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multifamily / Duplex
Building Details
Year Built
1972
Listing Agency:
St Augustine Realty
(904) 707-6005
Listed By:
James Brown
(904) 707-6005
Source:
Compass
Added: Jul 10, 2023
Changed: Jul 22
Last Checked: Jul 26 at 2:01PM
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 St Augustine Realty
Investment Insights
Based on property information with market context.
This duplex offers two separate units within an approximately 1,200-square-foot layout. One unit features laminate wood flooring, while the other has durable tile flooring. Both units provide comfortable living areas designed for everyday relaxation and entertaining, and the current condition leaves room for personalization and updates.
The property is described as being south of SR 206 on A1A, with the beach and the Intracoastal Waterway within walking distance or moments away. A gravel road provides access to the duplex, and low-maintenance landscaping is noted for reduced upkeep.
Overall, the asset is configured as a straightforward duplex, with each unit operating independently and distinct interior flooring finishes to match the beachside lifestyle described in the remarks.
The property is described as being south of SR 206 on A1A, with the beach and the Intracoastal Waterway within walking distance or moments away. A gravel road provides access to the duplex, and low-maintenance landscaping is noted for reduced upkeep.
Overall, the asset is configured as a straightforward duplex, with each unit operating independently and distinct interior flooring finishes to match the beachside lifestyle described in the remarks.
Key Highlights
- 1972‑built two‑unit duplex with 1,200 SF of total living space
- Two separate units—one with laminate wood flooring and one with tile flooring
- Located south of SR 206 on A1A, within walking distance of the beach
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 | $17.0k | $14.16 |
| − Vacancy | −$1.8k | −$1.50 |
| EGI | $15.2k | $12.66 |
| − OpEx | −$4.6k | −$3.80 |
| NOI | $10.6k | $8.86 |
1,200 SF · lease $14.16/SF/yr · vacancy 10.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$151.9K
$132.9K – $177.2K
NOI $10,634 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$134.0K
$117.2K – $156.3K
NOI $9,379 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$320.1K
$280.1K – $373.4K
NOI $22,406 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with laminate and tile flooring and low-maintenance landscaping near the beach and Intracoastal Waterway.
Where is this duplex located?
The property is located at 145 Gassett Road St Augustine, FL.
What is the asking price?
The asking price for this property is $340,500.
What are key features of this property?
This property features: 1972‑built two‑unit duplex with 1,200 SF of total living space; Two separate units—one with laminate wood flooring and one with tile flooring; Located south of SR 206 on A1A, within walking distance of the beach
