Duplex with Vacant
New
For Sale
$195,000
1763 Whitner St, Jacksonville, FL 32209
One unit remains occupied through August 2027, while the other is available for a new occupant or renovation plan.
Property Size1,124 SF
Price / SF$173.49
Days on Market5
Property Features for 1763 Whitner St
General Information
Standard status
Active
Size
1,124 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1953
Listed By:
Florida Coastal Team
(904) 664-9864
Source:
Floridacoastalteam
Added: Sep 7
Changed: Sep 8
Last Checked: Sep 10 at 6:19AM
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 Florida Coastal Team
Investment Insights
Based on property information with market context.
This 1953-built duplex contains 4BR/2BA across two residential units. One unit is occupied under a tenancy extending through August 2027, and the second unit is vacant, providing flexibility for an owner-occupant or a separate leasing plan.
The property is located on Whitner Street in Jacksonville’s Northside, with access to I-95, Downtown Jacksonville, and the area’s sports and entertainment district. Its two-unit configuration offers a straightforward residential income property format with one established occupancy and one available unit.
The property is located on Whitner Street in Jacksonville’s Northside, with access to I-95, Downtown Jacksonville, and the area’s sports and entertainment district. Its two-unit configuration offers a straightforward residential income property format with one established occupancy and one available unit.
Key Highlights
- Two‑unit duplex with 4BR/2BA
- One unit tenant‑occupied through August 2027
- Second unit is vacant
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
$10,554
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
5.41%
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%
$211,080
$211.1K
Cap Rate 7%
$150,771
$150.8K
Cap Rate 9%
$117,267
$117.3K
Market Conditions
NOI Build-Up for 1,124 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
$16.6K $14.76/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$15.1K $13.41/SF
− OpEx
−$4.5K −$4.02/SF
NOI
$10.6K $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%
$211,080
Cap Rate 7%
$150,771
Cap Rate 9%
$117,267
Alternative Uses
Best Use
Multifamily LT 5
$150.8K
$131.9K – $175.9K
NOI $10,554 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$118.8K
$104.0K – $138.6K
NOI $8,316 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$307.9K
$269.4K – $359.2K
NOI $21,554 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One unit remains occupied through August 2027, while the other is available for a new occupant or renovation plan.
Where is this duplex located?
The property is located at 1763 Whitner St Jacksonville, FL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑unit duplex with 4BR/2BA; One unit tenant‑occupied through August 2027; Second unit is vacant
