Duplex Property with Detached
For Sale
$394,900
Pending
1889 FAYE Road, Jacksonville, FL 32218
Residential Income, Jacksonville, FL
Property Size1,948 SF
Lot Size0.52 Acres
Days on Market92
Property Features for 1889 FAYE Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2
Parking features
Carport, Gated, Garage, Off Street
Exterior features
Fire Pit
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Dryer, Gas Cooktop, Gas Oven, Plumbed For Ice Maker, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer Stacked, Water Softener Owned
Subdivision
Eastport Small Farms
Lot features
Few Trees
Directions
E Beltway S/I-295 S via EXIT 362A , Exit Pulaski Rd .Turn slight right onto Pulaski, Turn left onto Eastport Rd, Stay straight to go onto Faye Rd, 1889 FAYE RD is on left NOTE: Gate will be closed and should be closed when finished. Suggest arriving early to allow your buyer to park inside the property. No street parking
Standard status
Pending
APN
1106140000
Size
1,948 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4877
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Multi Units, Central Air, Electric
Water source
Well
Amenities
covered patio
private fenced backyard
mature fruit trees
animal enclosure
workshop/garage
bar area
attached carport
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile, Carpet
Building materials
Fiber Cement, Wood Siding
Roof type
Shingle
Additional Structures
Guest House
Listing Agency:
MOMENTUM REALTY
(904) 903-1558
Listed By:
DANIEL STEPHENSON · License #bk3244201
(414) 736-6371
Added: Jul 18
Changed: Oct 8
Last Checked: Oct 17 at 5:06PM
MLS# 2156054
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.
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Investment Insights
Based on property information with market context.
This duplex property combines a 1,312-square-foot main residence with three bedrooms and one updated bathroom and a detached 636-square-foot apartment offering one bedroom and one bathroom. The primary home includes an updated kitchen with gas cooking, a breakfast bar, fresh paint, new flooring, a renovated bathroom, and a washer/dryer combination. The apartment has also received fresh paint and new flooring.
Set on 0.52 acres, the property includes a covered patio, fenced backyard with gated access, mature fruit trees, and an animal enclosure. A workshop/garage adds a private restroom, bar area, attached carport, and off-street parking. Additional infrastructure includes a well, septic tank, propane service, central air, and electric heating. The property was built in 1952 and includes a tankless water heater, water softener, and gas appliances.
Set on 0.52 acres, the property includes a covered patio, fenced backyard with gated access, mature fruit trees, and an animal enclosure. A workshop/garage adds a private restroom, bar area, attached carport, and off-street parking. Additional infrastructure includes a well, septic tank, propane service, central air, and electric heating. The property was built in 1952 and includes a tankless water heater, water softener, and gas appliances.
Key Highlights
- 1,312‑square‑foot main residence with 3 bedrooms and 1 bathroom
- Detached 636‑square‑foot apartment with 1 bedroom and 1 bathroom
- 0.52‑acre lot with fenced backyard, gated access, and mature fruit trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,373
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,460
$407.5K
Cap Rate 7%
$291,043
$291.0K
Cap Rate 9%
$226,367
$226.4K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$32.0K $16.44/SF
− Vacancy
−$2.9K −$1.50/SF
EGI
$29.1K $14.94/SF
− OpEx
−$8.7K −$4.48/SF
NOI
$20.4K $10.46/SF
Area
ZIP 32218
Vacancy
9.12%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,460
Cap Rate 7%
$291,043
Cap Rate 9%
$226,367
Alternative Uses
Best Use
Multifamily LT 5
$291.0K
$254.7K – $339.6K
NOI $20,373 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$229.1K
$200.5K – $267.3K
NOI $16,039 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$519.6K
$454.7K – $606.2K
NOI $36,373 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential spaces support rental, guest, or multigenerational living arrangements.
Where is this duplex located?
The property is located at 1889 FAYE Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: 1,312‑square‑foot main residence with 3 bedrooms and 1 bathroom; Detached 636‑square‑foot apartment with 1 bedroom and 1 bathroom; 0.52‑acre lot with fenced backyard, gated access, and mature fruit trees
