Two-Unit Duplex with Shared
2018 Inwood Terrace, Jacksonville, FL 32207
For Sale
$349,900
Separate utility service and off-street parking support the property's two residential units.
Property Size1,450 SF
Price / SF$241.31
Days on Market42
Property Features for 2018 Inwood Terrace
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
SAN MARCO REALTY
Listed By:
COURTNEY KREDELL · License FL #3244026
(904) 346-3037
Source:
Dualstaterealestate
Added: Sep 30
Changed: Nov 7
Last Checked: Nov 9 at 8:29PM
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 SAN MARCO REALTY
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Investment Insights
Based on property information with market context.
Built in 1922, this duplex contains two separate residential units with independent utility service. The property includes off-street parking accessed by a shared driveway and sits on a 0.13-acre lot.
The address is in Jacksonville, just south of the San Marco district.
The address is in Jacksonville, just south of the San Marco district.
Key Highlights
- Two residential units with independent utilities
- Built in 1922
- 0.13‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,615
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,300
$272.3K
Cap Rate 7%
$194,500
$194.5K
Cap Rate 9%
$151,278
$151.3K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$21.4K $14.76/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$19.5K $13.41/SF
− OpEx
−$5.8K −$4.02/SF
NOI
$13.6K $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%
$272,300
Cap Rate 7%
$194,500
Cap Rate 9%
$151,278
Alternative Uses
Best Use
Multifamily LT 5
$194.5K
$170.2K – $226.9K
NOI $13,615 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$153.3K
$134.1K – $178.8K
NOI $10,728 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$397.2K
$347.6K – $463.4K
NOI $27,805 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
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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
$254,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Jacksonville, FL
Properties on Market for Duplexes in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility service and off-street parking support the property's two residential units.
Where is this duplex located?
The property is located at 2018 Inwood Terrace Jacksonville, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two residential units with independent utilities; Built in 1922; 0.13‑acre lot
