Duplex with Detached Flex
1514 SILVER Street, Jacksonville, FL 32206
For Sale
$619,000
Two three-bedroom residences feature island kitchens, gated rear access, and a separate air-conditioned flex building.
Property Size3,452 SF
Price / SF$176.86
Days on Market58
Property Features for 1514 SILVER Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
BELLE EPOQUE REALTY SERVICES LLC
Listed By:
THOMAS LOVE · License FL #3118560
(904) 299-0368
Source:
Bebetterflorida
Added: Sep 14
Changed: Nov 8
Last Checked: Nov 8 at 12:40PM
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 BELLE EPOQUE REALTY SERVICES LLC
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Investment Insights
Based on property information with market context.
Built in 1912, this duplex provides nearly 3,500 square feet across two separate residences. Each unit offers three bedrooms, two bathrooms, and an eat-in kitchen organized around a full island. The property also includes a detached flex structure with independent air conditioning and cable and internet wiring, supporting studio, workshop, or office use.
The double lot at 1514 Silver Street in Jacksonville’s Historic Springfield setting includes mature live oaks, dual-zone irrigation, and a rear parking pad accessed through an automated gate. The surrounding street is characterized by an oak canopy and historic architecture.
The double lot at 1514 Silver Street in Jacksonville’s Historic Springfield setting includes mature live oaks, dual-zone irrigation, and a rear parking pad accessed through an automated gate. The surrounding street is characterized by an oak canopy and historic architecture.
Key Highlights
- Nearly 3,500 square feet arranged as two residences
- Each unit includes 3 bedrooms, 2 baths, and an eat‑in kitchen with a full island
- Detached flex structure has its own air conditioning plus cable and internet wiring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,864
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,280
$657.3K
Cap Rate 7%
$469,486
$469.5K
Cap Rate 9%
$365,156
$365.2K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$51.7K $14.76/SF
− Vacancy
−$4.7K −$1.35/SF
EGI
$46.9K $13.41/SF
− OpEx
−$14.1K −$4.02/SF
NOI
$32.9K $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%
$657,280
Cap Rate 7%
$469,486
Cap Rate 9%
$365,156
Alternative Uses
Best Use
Multifamily LT 5
$469.5K
$410.8K – $547.7K
NOI $32,864 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$369.9K
$323.7K – $431.6K
NOI $25,894 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$958.8K
$839.0K – $1.12M
NOI $67,116 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,462
Businesses Nearby
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Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Jacksonville, FL
Properties on Market for Duplexes in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature island kitchens, gated rear access, and a separate air-conditioned flex building.
Where is this duplex located?
The property is located at 1514 SILVER Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Nearly 3,500 square feet arranged as two residences; Each unit includes 3 bedrooms, 2 baths, and an eat‑in kitchen with a full island; Detached flex structure has its own air conditioning plus cable and internet wiring
