New Construction
For Sale
$299,990
Pending
1852 W 20TH Street, Jacksonville, FL 32209
MULTI_FAMILY - Jacksonville, FL
Property Size1,710 SF
Lot Size0.23 Acres
Days on Market68
Property Features for 1852 W 20TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Off Street
Appliances
Dishwasher, Microwave
Subdivision
Grand Boulevard
Lot features
Cleared
Directions
Take I-95 N to US-1 N/Martin Luther King Jr Pkwy. Take exit 354B from I-95 N. Merge onto US-1 N/Martin Luther King Jr Pkwy. Turn left onto Fairfax St. Turn right at the 2nd cross street onto W 20th St. The destination will be on the left.
Standard status
Pending
APN
0459250000
Size
1,710 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
466
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Number of units
2
Flooring type
Laminate
Listing Agency:
REAL BROKER LLC
(855) 450-0442
Listed By:
JACQUELYN SCOTT
(904) 610-8393
Added: Jun 27
Changed: Aug 19
Last Checked: Sep 2 at 6:06PM
MLS# 2155687
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.
Under construction duplex located at 1852 W 20TH Street in Jacksonville. Offered as one property, it includes two mirrored units, each with an open-concept layout featuring two bedrooms and two bathrooms. The building totals 1,710 square feet and sits on a 0.23-acre lot.
Each side features central heating and central air, laminate flooring, and a kitchen equipped with a dishwasher and microwave. Off-street parking is available, and cable service is listed as available.
The property is currently under construction and described as brand-new. It is intended for modern residential use and is presented as a duplex configuration built for two separate living spaces.
Each side features central heating and central air, laminate flooring, and a kitchen equipped with a dishwasher and microwave. Off-street parking is available, and cable service is listed as available.
The property is currently under construction and described as brand-new. It is intended for modern residential use and is presented as a duplex configuration built for two separate living spaces.
Key Highlights
- Duplex offered as one property with two units
- 1,710 total SF on a 0.23‑acre lot
- Two bedrooms and two bathrooms per side
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
Property Profile
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 - Under-construction duplex on a 0.23-acre lot with central HVAC, laminate flooring, and off-street parking.
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: Duplex offered as one property with two units; 1,710 total SF on a 0.23‑acre lot; Two bedrooms and two bathrooms per side
