Two-Unit Duplex
For Sale
$640,000
1627-1629 LAURA Street, Jacksonville, FL 32206
Two-story duplex with 5 bedrooms, 4 bathrooms, hardwood floors, and a private balcony.
Property Size2,800 SF
Price / SF$228.57
Days on Market21
Property Features for 1627-1629 LAURA Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
hardwood floors
fireplaces
clawfoot bathtubs
private balcony
front porch
new roof
active termite bond
Building Details
Year Built
1909
Stories
2
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
Listed By:
PATRICIA ORANGE
Source:
Endlesssummerrealty
Added: Jul 23
Changed: Aug 12
Last Checked: Aug 12 at 6:42AM
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 COLDWELL BANKER VANGUARD REALTY
Investment Insights
Based on property information with market context.
This two-story duplex is offered for sale and features 5 bedrooms and 4 bathrooms. The home includes hardwood floors and fireplaces, along with clawfoot bathtubs. Outdoor and entry amenities include a private balcony and a large front porch.
The property is located at 1627–1629 LAURA Street in Jacksonville, FL 32206.
The roof is brand new and the home has an active termite bond, providing added maintenance assurance.
The property is located at 1627–1629 LAURA Street in Jacksonville, FL 32206.
The roof is brand new and the home has an active termite bond, providing added maintenance assurance.
Key Highlights
- 2‑story duplex built in 1909 with 5 bedrooms and 4 bathrooms
- Hardwood floors and cozy fireplaces
- Clawfoot bathtubs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,291
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$525,820
$525.8K
Cap Rate 7%
$375,586
$375.6K
Cap Rate 9%
$292,122
$292.1K
Market Conditions
NOI Build-Up for 2,800 SF
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.
Gross rent
$41.3K $14.76/SF
− Vacancy
−$3.8K −$1.35/SF
EGI
$37.6K $13.41/SF
− OpEx
−$11.3K −$4.02/SF
NOI
$26.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$525,820
Cap Rate 7%
$375,586
Cap Rate 9%
$292,122
Alternative Uses
Best Use
Multifamily LT 5
$375.6K
$328.6K – $438.2K
NOI $26,291 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$295.9K
$258.9K – $345.3K
NOI $20,715 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$767.0K
$671.2K – $894.9K
NOI $53,693 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with 5 bedrooms, 4 bathrooms, hardwood floors, and a private balcony.
Where is this duplex located?
The property is located at 1627-1629 LAURA Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 2‑story duplex built in 1909 with 5 bedrooms and 4 bathrooms; Hardwood floors and cozy fireplaces; Clawfoot bathtubs
