As-Is Duplex For Major
1538 LOGAN Street Jacksonville, FL 32209
1538 LOGAN Street, Jacksonville, FL, 32209
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For Sale
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Duplex includes two single-story units, each with 2 bedrooms and 1 bathroom, sold as-is for cash only.
Property Size1,200 SF
Price / SF$141.25
Days on Market92
Property Features for 1538 LOGAN Street
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1958
Listing agency
Rising Realty of South FL, LLC
Listed by
Benjamin Schwab · License #BK3093265
Source
Crexi
Added: Apr 23 Updated: Jul 22 at 3:42PM Checked: Jul 22 at 3:42PM
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 Rising Realty of South FL, LLC
Investment Insights
Based on property information with market context.
This duplex is presented as-is and priced for buyers prepared to complete a major renovation. The property contains two single-story units, and each unit includes 2 bedrooms and 1 bathroom.
The seller states that due to the condition of the property, potential issues such as mold or other environmental concerns may be present. No warranties or disclosures are provided with the sale.
Financing is not an option; the property is offered to qualified buyers for cash only. The residence is located at 1538 LOGAN Street, Jacksonville, FL 32209.
The seller states that due to the condition of the property, potential issues such as mold or other environmental concerns may be present. No warranties or disclosures are provided with the sale.
Financing is not an option; the property is offered to qualified buyers for cash only. The residence is located at 1538 LOGAN Street, Jacksonville, FL 32209.
Key Highlights
- Duplex built in 1958 with two single‑story units
- Each unit features 2 bedrooms and 1 bathroom
- Sold as‑is with no warranties or disclosures
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 | $17.7k | $14.76 |
| − Vacancy | −$1.6k | −$1.35 |
| EGI | $16.1k | $13.41 |
| − OpEx | −$4.8k | −$4.02 |
| NOI | $11.3k | $9.39 |
1,200 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$161.0K
$140.9K – $187.8K
NOI $11,268 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$126.8K
$111.0K – $148.0K
NOI $8,878 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$328.7K
$287.6K – $383.5K
NOI $23,011 @ 7.0% cap · market cap 13.58%
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 - Duplex includes two single-story units, each with 2 bedrooms and 1 bathroom, sold as-is for cash only.
Where is this duplex located?
The property is located at 1538 LOGAN Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $169,500.
What are key features of this property?
This property features: Duplex built in 1958 with two single‑story units; Each unit features 2 bedrooms and 1 bathroom; Sold as‑is with no warranties or disclosures
