Remodeled Two-Unit
New
For Sale
$489,900
2012 Kingswood Rd, Jacksonville, FL 32207
Two separate residences offer updated kitchens, private outdoor areas, and contemporary interior finishes.
Property Size1,902 SF
Price / SF$257.57
Days on Market2
Property Features for 2012 Kingswood Rd
General Information
Standard status
Active
Size
1,902 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
private backyard
Building Details
Year Built
1984
Buildings
1
Listed By:
Florida Coastal Team
(904) 664-9864
Source:
Floridacoastalteam
Added: Sep 1
Last Checked: Sep 1 at 9:27PM
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 Florida Coastal Team
Investment Insights
Based on property information with market context.
This 2-unit duplex contains 4 bedrooms and 4 bathrooms, with each residence arranged as a 2-bedroom, 2-bathroom home. Both interiors have been remodeled with bright kitchens, solid-surface countertops, stainless steel appliances, wood flooring, updated doors, replacement hardware, and modern finishes. Each unit also includes a private backyard, while a newer roof serves the overall property.
Built in 1984, the duplex is located at 2012 Kingswood Rd in Jacksonville’s San Marco area. The property has no HOA fees and supports separate living arrangements, including occupying one unit while renting the other, subject to applicable requirements for any short-term rental use.
Built in 1984, the duplex is located at 2012 Kingswood Rd in Jacksonville’s San Marco area. The property has no HOA fees and supports separate living arrangements, including occupying one unit while renting the other, subject to applicable requirements for any short-term rental use.
Key Highlights
- 2‑unit duplex with 4 bedrooms and 4 bathrooms total
- Each unit includes 2 bedrooms and 2 bathrooms
- Remodeled kitchens with solid‑surface countertops and stainless steel appliances
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
$17,859
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
3.65%
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%
$357,180
$357.2K
Cap Rate 7%
$255,129
$255.1K
Cap Rate 9%
$198,433
$198.4K
Market Conditions
NOI Build-Up for 1,902 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
$28.1K $14.76/SF
− Vacancy
−$2.6K −$1.35/SF
EGI
$25.5K $13.41/SF
− OpEx
−$7.7K −$4.02/SF
NOI
$17.9K $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%
$357,180
Cap Rate 7%
$255,129
Cap Rate 9%
$198,433
Alternative Uses
Best Use
Multifamily LT 5
$255.1K
$223.2K – $297.7K
NOI $17,859 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$201.0K
$175.9K – $234.5K
NOI $14,072 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$521.0K
$455.9K – $607.9K
NOI $36,473 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
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 residences offer updated kitchens, private outdoor areas, and contemporary interior finishes.
Where is this duplex located?
The property is located at 2012 Kingswood Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 2‑unit duplex with 4 bedrooms and 4 bathrooms total; Each unit includes 2 bedrooms and 2 bathrooms; Remodeled kitchens with solid‑surface countertops and stainless steel appliances
