New Construction
For Sale
$299,990
1852 W 20TH Street, Jacksonville, FL 32209
Two separate units feature open layouts and contemporary kitchens near shopping, dining, major highways, and downtown Jacksonville.
Property Size1,710 SF
Price / SF$175.43
Days on Market28
Property Features for 1852 W 20TH Street
General Information
Standard status
Active
Size
1,710 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$465
Building Details
Building Size
1,710 SF
Buildings
1
Listing Agency:
REAL BROKER LLC
(904) 610-8393
Listed By:
JACQUELYN SCOTT
Source:
Houseandhavenrealty
Added: Jul 16
Changed: Aug 11
Last Checked: Aug 12 at 3:08PM
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 REAL BROKER LLC
Investment Insights
Based on property information with market context.
This newly built duplex is offered as one property with two distinct units. Each side contains 855 square feet with 2 bedrooms, 2 bathrooms, an open-concept layout, a contemporary kitchen, and modern finishes. The configuration provides consistent features across both residences while keeping each floor plan functional for occupants.
The property is in Jacksonville near shopping, dining, major highways, and downtown Jacksonville. Its combination of new construction, matching unit layouts, and updated interior finishes defines the asset.
The property is in Jacksonville near shopping, dining, major highways, and downtown Jacksonville. Its combination of new construction, matching unit layouts, and updated interior finishes defines the asset.
Key Highlights
- New construction duplex offered as one property
- Each unit contains 855 square feet with 2 bedrooms and 2 bathrooms
- Open‑concept floor plans with contemporary kitchens
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
$16,056
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
5.35%
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%
$321,120
$321.1K
Cap Rate 7%
$229,371
$229.4K
Cap Rate 9%
$178,400
$178.4K
Market Conditions
NOI Build-Up for 1,710 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
$25.2K $14.76/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$22.9K $13.41/SF
− OpEx
−$6.9K −$4.02/SF
NOI
$16.1K $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%
$321,120
Cap Rate 7%
$229,371
Cap Rate 9%
$178,400
Alternative Uses
Best Use
Multifamily LT 5
$229.4K
$200.7K – $267.6K
NOI $16,056 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$180.7K
$158.1K – $210.9K
NOI $12,651 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$468.4K
$409.9K – $546.5K
NOI $32,791 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
332
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 - Two separate units feature open layouts and contemporary kitchens near shopping, dining, major highways, and downtown Jacksonville.
Where is this duplex located?
The property is located at 1852 W 20TH Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $299,990.
What are key features of this property?
This property features: New construction duplex offered as one property; Each unit contains 855 square feet with 2 bedrooms and 2 bathrooms; Open‑concept floor plans with contemporary kitchens
