Duplex with Central
For Sale
$250,000
1956 PHOENIX Avenue, Jacksonville, FL 32206
Residential Income, Jacksonville, FL
Property Size1,728 SF
Lot Size0.12 Acres
Price / SF$144.68
Days on Market192
Property Features for 1956 PHOENIX Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking features
On Street, Off Street
Appliances
Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Subdivision
Eastside
Lot features
Cleared
Directions
I-95N to exit 354A US-1, Merge onto US-1 South, Phoenix Ave exit, turn right
Standard status
Active
APN
1139880000
Size
1,728 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
707
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1909
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS FIRST COAST REALTY · Keller Williams Realty
(904) 541-0180
Listed By:
ERIC RICE · License #3421048
(904) 229-2619
Added: Mar 18
Changed: Sep 12
Last Checked: Sep 25 at 2:06AM
MLS# 2135448
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 Jacksonville duplex contains 1,728 square feet on a 0.12-acre lot and was built in 1909. The residence includes four bedrooms and two bathrooms, with central heating and central air conditioning serving the interior. A shingle roof, electric cooking appliances, and an electric water heater are among the existing improvements.
Parking is available both off the street and on the street. The property is connected to public water and public sewer, with cable service available. Located at 1956 Phoenix Avenue in Jacksonville, the home is in Duval County and carries a 32206 ZIP code.
Parking is available both off the street and on the street. The property is connected to public water and public sewer, with cable service available. Located at 1956 Phoenix Avenue in Jacksonville, the home is in Duval County and carries a 32206 ZIP code.
Key Highlights
- Duplex with 1,728 square feet of building area
- 0.12‑acre lot in Jacksonville, FL 32206
- Four bedrooms and two bathrooms
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
$16,225
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
6.49%
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%
$324,500
$324.5K
Cap Rate 7%
$231,786
$231.8K
Cap Rate 9%
$180,278
$180.3K
Market Conditions
NOI Build-Up for 1,728 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
$25.5K $14.76/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$23.2K $13.41/SF
− OpEx
−$7.0K −$4.02/SF
NOI
$16.2K $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%
$324,500
Cap Rate 7%
$231,786
Cap Rate 9%
$180,278
Alternative Uses
Best Use
Multifamily LT 5
$231.8K
$202.8K – $270.4K
NOI $16,225 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$182.6K
$159.8K – $213.1K
NOI $12,784 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$473.4K
$414.2K – $552.3K
NOI $33,136 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with individual living areas, central systems, and both off-street and on-street parking.
Where is this duplex located?
The property is located at 1956 PHOENIX Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex with 1,728 square feet of building area; 0.12‑acre lot in Jacksonville, FL 32206; Four bedrooms and two bathrooms
