Duplex Residential Income
For Sale
$400,000
Pending
211 Flagler Blvd, St Augustine, FL 32080
For sale duplex income property totaling 1,404 square feet in St. Augustine.
Property Size1,404 SF
Days on Market31
Property Features for 211 Flagler Blvd
General Information
Standard status
Pending
Size
1,404 SF
Property subtype
Multi family
Building Details
Year Built
1948
Listing Agency:
Keller Williams Realty Atlantic Partners St Augustine
(904) 867-3242
Listed By:
Noah Bailey
(904) 867-3242
Source:
Endlesssummerrealty
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 1 at 5:44AM
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 Keller Williams Realty Atlantic Partners St Augustine
Investment Insights
Based on property information with market context.
This for-sale duplex residential income property is listed at $400,000 and totals 1,404 square feet. The asset is identified as a duplex within the multifamily/residential income property type category.
The property is located at 211 Flagler Blvd in St. Augustine, Florida (32080).
The property is located at 211 Flagler Blvd in St. Augustine, Florida (32080).
Key Highlights
- Duplex income property in St. Augustine
- Total living area: 1,404 SF
- Built in 1948
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
$12,441
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
3.11%
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%
$248,820
$248.8K
Cap Rate 7%
$177,729
$177.7K
Cap Rate 9%
$138,233
$138.2K
Market Conditions
NOI Build-Up for 1,404 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
$19.9K $14.16/SF
− Vacancy
−$2.1K −$1.50/SF
EGI
$17.8K $12.66/SF
− OpEx
−$5.3K −$3.80/SF
NOI
$12.4K $8.86/SF
Area
St. Johns County, FL
Vacancy
10.60%
Lease Rate
$14.16 /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%
$248,820
Cap Rate 7%
$177,729
Cap Rate 9%
$138,233
Alternative Uses
Best Use
Multifamily LT 5
$177.7K
$155.5K – $207.4K
NOI $12,441 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$156.8K
$137.2K – $182.9K
NOI $10,974 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$374.5K
$327.7K – $436.9K
NOI $26,215 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 32080, FL
21,889
Population
16,658
Households
1.3
Avg Household Size
57
Median Age
50%
College-Educated
96%
High-School Grad
15.7 sq mi
ZIP Area
1,394
Density / Sq Mi
$91,201
Median Household Income
$49,302
Median Earnings
$1,631
Median Rent
$497,500
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 - For sale duplex income property totaling 1,404 square feet in St. Augustine.
Where is this duplex located?
The property is located at 211 Flagler Blvd St Augustine, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Duplex income property in St. Augustine; Total living area: 1,404 SF; Built in 1948
