Remodeled Two-Unit
New
For Sale
$489,900
2012 KINGSWOOD Road, Jacksonville, FL 32207
Residential Income, Jacksonville, FL
Property Size1,902 SF
Lot Size0.19 Acres
Price / SF$257.57
Days on Market6
Property Features for 2012 KINGSWOOD Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 3
Parking features
RV, Off Street, On Street
Appliances
Dishwasher, Electric Oven, Microwave
Subdivision
Section Land
Lot features
Wooded
Directions
From Philips Hwy, exit west onto St Augustine Rd, left onto Kingswood Rd, home on right.
Standard status
Active
APN
1304390000
Size
1,902 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3643
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Building materials
Frame, Wood Siding
Roof type
Shingle
Listing Agency:
RE/MAX SPECIALISTS PV · RE/MAX International
(904) 270-0747
Listed By:
STEVE PATE · License #SL-0646598
(904) 349-8670
Added: Aug 29
Changed: Sep 1
Last Checked: Sep 3 at 1:06AM
MLS# 2162699
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 remodeled duplex contains two separate residences totaling 1,902 square feet, with each unit offering 2 bedrooms and 2 bathrooms. The interiors include wood flooring, refreshed doors and hardware, solid-surface kitchen countertops, stainless steel appliances, and bright kitchen finishes. A newer shingle roof adds to the property’s recent improvements, while central electric heating and cooling serve the units.
Set on a 0.19-acre parcel in the San Marco area of Jacksonville, the property includes private backyard space for each residence. Parking options include off-street, on-street, and RV parking. The home was built in 1984 and is connected to public water.
Set on a 0.19-acre parcel in the San Marco area of Jacksonville, the property includes private backyard space for each residence. Parking options include off-street, on-street, and RV parking. The home was built in 1984 and is connected to public water.
Key Highlights
- Two‑unit duplex with 1,902 square feet
- Each residence includes 2 bedrooms and 2 bathrooms
- 0.19‑acre parcel in Jacksonville’s San Marco area
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens and private backyards support comfortable, separate living across both residences.
Where is this duplex located?
The property is located at 2012 KINGSWOOD Road 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: Two‑unit duplex with 1,902 square feet; Each residence includes 2 bedrooms and 2 bathrooms; 0.19‑acre parcel in Jacksonville’s San Marco area
