Renovated Historic Duplex with
1554 N MARKET Street Jacksonville, FL 32206
New
1554 N MARKET Street, Jacksonville, FL, 32206
$445,000
For Sale
$445,000
MULTI_FAMILY - Jacksonville, FL
Property Size2,388 SF
Lot Size0.07 Acres
Price / SF$186.35
Days on Market3
Property Features for 1554 N MARKET Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 3, Bathroom 2
- Parking features
- On Street
- Exterior features
- Balcony
- Fireplace
- 1
- Appliances
- Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- 0712910000
- Size
- 2,388 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4147
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1914
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Tile
- Roof type
- Metal
Listing Agency
TRADITIONS REALTY LLC
(904) 683-5230
1046 RIVERSIDE AVE, Jacksonville, FL
Listed by
BETH KING · License #3154601
(904) 705-7154
Added: Jul 15 Checked: Jul 17 at 4:06 pm
MLS# 2155537
Listing URL
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 fully renovated historic duplex includes two separate residences with individual addresses. The property was extensively rebuilt during a 2009–2010 renovation that included new insulation, electrical wiring, plumbing, drywall, fixtures, windows, structural repairs, and a durable metal roof. Central heating and air-conditioning systems have also been replaced. Each residence features two bedrooms and two bathrooms, living areas, and an eat-in kitchen with a refrigerator, range, garbage disposal, and dishwasher. Interior finishes include laminate flooring throughout and tile flooring in the bathrooms. Additional features include a wood-burning fireplace and an open-railed deck, and one primary suite includes a garden-style Jacuzzi tub and a modern closet system.
The duplex sits on a 0.07-acre lot and includes easy-to-manage lawn maintenance, with on-street parking available.
Both residences are move-in ready and refreshed with updates such as new interior paint and updated appliances in the downstairs residence, supporting flexible owner-occupant or rental use.
The duplex sits on a 0.07-acre lot and includes easy-to-manage lawn maintenance, with on-street parking available.
Both residences are move-in ready and refreshed with updates such as new interior paint and updated appliances in the downstairs residence, supporting flexible owner-occupant or rental use.
Key Highlights
- Historic Springfield duplex with separate addresses at 1554 N. Market St and 136 E. 6th St, Jacksonville, FL 32206
- Fully renovated: taken down to the studs and rebuilt in 2009–2010 with new insulation, electrical wiring, plumbing, drywall, fixtures, windows, and structural repairs
- Metal roof plus central heat and central air; heating and air‑conditioning systems replaced recently
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 | $35.2k | $14.76 |
| − Vacancy | −$3.2k | −$1.35 |
| EGI | $32.0k | $13.41 |
| − OpEx | −$9.6k | −$4.02 |
| NOI | $22.4k | $9.39 |
2,388 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$320.3K
$280.3K – $373.7K
NOI $22,423 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$252.4K
$220.8K – $294.5K
NOI $17,667 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$654.2K
$572.4K – $763.2K
NOI $45,792 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully renovated duplex offers two two-bedroom, two-bath residences with central heat and air and an on-street parking setup.
Where is this duplex located?
The property is located at 1554 N MARKET Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Historic Springfield duplex with separate addresses at 1554 N. Market St and 136 E. 6th St, Jacksonville, FL 32206; Fully renovated: taken down to the studs and rebuilt in 2009–2010 with new insulation, electrical wiring, plumbing, drywall, fixtures, windows, and structural repairs; Metal roof plus central heat and central air; heating and air‑conditioning systems replaced recently
