Tenant-Occupied
For Sale
$415,000
212 E 6TH Street, Jacksonville, FL 32206
Fully leased two-unit property with professional management, central air conditioning, hardwood floors, and access to nearby urban amenities.
Property Size2,638 SF
Price / SF$157.32
Days on Market11
Property Features for 212 E 6TH Street
General Information
Standard status
Active
Size
2,638 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$32,280
Amenities
central AC
hardwood flooring
Building Details
Year Built
1919
Buildings
1
Tenancy
Multi
Listing Agency:
THIRDSTONE PROPERTIES LLC
(904) 878-1769
Listed By:
MICHAEL BRADDOCK · License #3419431
(904) 586-1328
Source:
Endlesssummerrealty
Added: Sep 14
Changed: Sep 23
Last Checked: Sep 24 at 9:45AM
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 THIRDSTONE PROPERTIES LLC
Investment Insights
Based on property information with market context.
Built in 1919, this 2,638-square-foot duplex contains two tenant-occupied residences, each measuring 1,319 square feet. The lower unit offers two bedrooms and two bathrooms, while the upper residence includes three bedrooms and two bathrooms. Both units have central AC, hardwood flooring with some carpet, and established occupancy. Exterior painting was completed within the past few years, and professional property management is already in place.
The property is situated in Historic Springfield near downtown Jacksonville, with restaurants, shopping, parks, and other neighborhood amenities nearby. The lower unit has a lease expiration of 2/28/27, providing a defined term for that tenancy.
The property is situated in Historic Springfield near downtown Jacksonville, with restaurants, shopping, parks, and other neighborhood amenities nearby. The lower unit has a lease expiration of 2/28/27, providing a defined term for that tenancy.
Key Highlights
- 2,638 SF duplex with two 1,319 SF units
- Both residences are currently tenant occupied
- Lower unit has 2 bedrooms and 2 bathrooms
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
$24,770
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
5.97%
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%
$495,400
$495.4K
Cap Rate 7%
$353,857
$353.9K
Cap Rate 9%
$275,222
$275.2K
Market Conditions
NOI Build-Up for 2,638 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
$38.9K $14.76/SF
− Vacancy
−$3.6K −$1.35/SF
EGI
$35.4K $13.41/SF
− OpEx
−$10.6K −$4.02/SF
NOI
$24.8K $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%
$495,400
Cap Rate 7%
$353,857
Cap Rate 9%
$275,222
Alternative Uses
Best Use
Multifamily LT 5
$353.9K
$309.6K – $412.8K
NOI $24,770 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$278.8K
$244.0K – $325.3K
NOI $19,517 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$722.7K
$632.3K – $843.1K
NOI $50,586 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased two-unit property with professional management, central air conditioning, hardwood floors, and access to nearby urban amenities.
Where is this duplex located?
The property is located at 212 E 6TH Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,638 SF duplex with two 1,319 SF units; Both residences are currently tenant occupied; Lower unit has 2 bedrooms and 2 bathrooms
