Separately Metered
1526 W 22ND Street, Jacksonville, FL 32209
For Sale
$186,000
Each residence has its own meter, and both units have received recent updates.
Property Size1,248 SF
Price / SF$149.04
Days on Market111
Property Features for 1526 W 22ND Street
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
FORGE REALTY LLC
Listed By:
KRISTIIN SABEY · License FL #3442263
(801) 414-7450
Source:
Firstcoastheroes
Added: Jul 24
Changed: Nov 7
Last Checked: Nov 10 at 8:52PM
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 FORGE REALTY LLC
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Investment Insights
Based on property information with market context.
The 1,248-square-foot duplex, built in 1952, contains two separately metered residences. Both units have been updated, and the HVAC system is approximately 11 years old. One unit is occupied; the other is vacant and was previously rented.
The Jacksonville property offers access to major roadways, shopping, dining, and downtown. Its two-unit configuration and separate metering are practical features of the existing setup.
The Jacksonville property offers access to major roadways, shopping, dining, and downtown. Its two-unit configuration and separate metering are practical features of the existing setup.
Key Highlights
- Two‑unit duplex with separate meters
- 1,248 square feet
- Both units have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,718
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,360
$234.4K
Cap Rate 7%
$167,400
$167.4K
Cap Rate 9%
$130,200
$130.2K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$18.4K $14.76/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$16.7K $13.41/SF
− OpEx
−$5.0K −$4.02/SF
NOI
$11.7K $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%
$234,360
Cap Rate 7%
$167,400
Cap Rate 9%
$130,200
Alternative Uses
Best Use
Multifamily LT 5
$167.4K
$146.5K – $195.3K
NOI $11,718 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$131.9K
$115.4K – $153.9K
NOI $9,233 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$341.9K
$299.2K – $398.9K
NOI $23,932 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
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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
$92,300
Median Home Value
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Market
Average Price Trend$/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 - Each residence has its own meter, and both units have received recent updates.
Where is this duplex located?
The property is located at 1526 W 22ND Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $186,000.
What are key features of this property?
This property features: Two‑unit duplex with separate meters; 1,248 square feet; Both units have been updated
