Remodeled Two-Unit
For Sale
$489,900
Pending
2012 Kingswood Rd, Jacksonville, FL 32207
Two separate residences offer updated kitchens, private outdoor areas, and contemporary interior finishes.
Property Size1,902 SF
Days on Market47
Property Features for 2012 Kingswood Rd
General Information
Standard status
Pending
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
Changed: Oct 5
Last Checked: Oct 16 at 8:56AM
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
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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 / Yr
$17,859
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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
