Renovated Duplex with Separate
For Sale
$385,000
2337 Gilmore St, Jacksonville, FL 32204
Two updated units support residential or office use in Riverside, with flexible backyard possibilities.
Property Size1,180 SF
Price / SF$326.27
Days on Market128
Property Features for 2337 Gilmore St
General Information
Standard status
Active
Size
1,180 SF
Property subtype
Multi-Family
Zoning
CRO
Occupancy
100%
Additional Details
Office Units
2
Building Details
Year Built
1925
Year Renovated
2020
Listing Agency:
JPAR CITY AND BEACH
Listed By:
SARAH REED
(904) 999-9125
Source:
Florida-georgia-realty
Added: Jun 12
Changed: Oct 1
Last Checked: Oct 16 at 9:35AM
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 JPAR CITY AND BEACH
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Investment Insights
Based on property information with market context.
This Riverside duplex includes two occupied units, each renovated in 2020 with updated HVAC systems and ductwork, new drain and water lines, new flooring, and refreshed kitchens. Granite countertops and stainless steel appliances serve both kitchens, which also include space for stackable laundry equipment. Separate electric meters serve the units, while water and sewer are shared on one meter.
Built in 1925, the property is located near 5 Points and the King Street District at 2337 Gilmore St in Jacksonville. CRO zoning allows residential or office use. The sizable backyard could accommodate additional parking or a private outdoor area with a firepit, subject to applicable approvals.
Built in 1925, the property is located near 5 Points and the King Street District at 2337 Gilmore St in Jacksonville. CRO zoning allows residential or office use. The sizable backyard could accommodate additional parking or a private outdoor area with a firepit, subject to applicable approvals.
Key Highlights
- Two‑unit duplex built in 1925
- Both units renovated in 2020
- Updated HVAC, ductwork, drain lines, water lines, flooring, and kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,080
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,600
$221.6K
Cap Rate 7%
$158,286
$158.3K
Cap Rate 9%
$123,111
$123.1K
Market Conditions
NOI Build-Up for 1,180 SF
Gross rent
$17.4K $14.76/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$15.8K $13.41/SF
− OpEx
−$4.7K −$4.02/SF
NOI
$11.1K $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%
$221,600
Cap Rate 7%
$158,286
Cap Rate 9%
$123,111
Alternative Uses
Best Use
Multifamily LT 5
$158.3K
$138.5K – $184.7K
NOI $11,080 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$124.7K
$109.1K – $145.5K
NOI $8,730 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$323.3K
$282.9K – $377.1K
NOI $22,628 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,205
Businesses Nearby
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Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
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 updated units support residential or office use in Riverside, with flexible backyard possibilities.
Where is this duplex located?
The property is located at 2337 Gilmore St Jacksonville, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1925; Both units renovated in 2020; Updated HVAC, ductwork, drain lines, water lines, flooring, and kitchens
