Residential Income Duplex with
1889 FAYE Road Jacksonville, FL 32218
New
1889 FAYE Road, Jacksonville, FL, 32218
$399,900
For Sale
$399,900
MULTI_FAMILY - Jacksonville, FL
Property Size1,948 SF
Lot Size0.52 Acres
Price / SF$205.29
Days on Market2
Property Features for 1889 FAYE Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Parking features
- Carport, Garage, Off Street, Gated
- 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
- Standard status
- Active
- 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, Electric, Central Air
- Water source
- Well
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Tile, Laminate
- Building materials
- Fiber Cement, Wood Siding
- Roof type
- Shingle
- Additional Structures
- Guest House
Listing Agency
MOMENTUM REALTY
(904) 903-1558
13475 Atlantic Blvd Ste 8 Office S206, Jacksonville, FL
Listed by
DANIEL STEPHENSON · License #bk3244201
(414) 736-6371
Added: Jul 18 Checked: Jul 19 at 5:06 am
MLS# 2156054
Listing URL
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.
This residential income property includes a main home and a detached 1-bedroom, 1-bath apartment on a single lot. The main home features three bedrooms and one updated bathroom, an updated kitchen with a gas stove and breakfast bar, a covered patio, and a washer/dryer combo that conveys. Recent improvements include fresh paint and new flooring, and the detached ADU includes new flooring and fresh paint.
Outside, the property offers a large, private fenced backyard with gated access, mature fruit trees, and an animal enclosure. A workshop/garage on-site includes a private restroom, bar area, attached carport, and ample parking.
The combination of separate living units, outdoor space, and dedicated garage/workshop area supports flexible residential use within the property’s existing configuration.
Outside, the property offers a large, private fenced backyard with gated access, mature fruit trees, and an animal enclosure. A workshop/garage on-site includes a private restroom, bar area, attached carport, and ample parking.
The combination of separate living units, outdoor space, and dedicated garage/workshop area supports flexible residential use within the property’s existing configuration.
Key Highlights
- 1,312‑SF main home built in 1952 with 3 bedrooms, 1 updated bathroom, and fresh paint plus new flooring
- Detached 636‑SF 1‑bedroom, 1‑bath apartment (ADU) with new flooring and fresh paint—suited for rental income or guests
- Updated kitchen with gas cooktop and gas oven, plus breakfast bar; washer/dryer combo conveys
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $16.44 |
| − Vacancy | −$2.9k | −$1.50 |
| EGI | $29.1k | $14.94 |
| − OpEx | −$8.7k | −$4.48 |
| NOI | $20.4k | $10.46 |
1,948 SF · lease $16.44/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.0K
$254.7K – $339.6K
NOI $20,373 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$229.1K
$200.5K – $267.3K
NOI $16,039 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$519.6K
$454.7K – $606.2K
NOI $36,373 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two homes on one lot offer a main residence plus a detached 1-bedroom apartment, along with a workshop/garage and carport.
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 $399,900.
What are key features of this property?
This property features: 1,312‑SF main home built in 1952 with 3 bedrooms, 1 updated bathroom, and fresh paint plus new flooring; Detached 636‑SF 1‑bedroom, 1‑bath apartment (ADU) with new flooring and fresh paint—suited for rental income or guests; Updated kitchen with gas cooktop and gas oven, plus breakfast bar; washer/dryer combo conveys
