Remodeled Duplex with Hardwood
For Sale
$530,000
2701 MYRA Street, Jacksonville, FL 32204
Residential Income, Jacksonville, FL
Property Size2,130 SF
Lot Size0.15 Acres
Price / SF$248.83
Days on Market81
Property Features for 2701 MYRA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 6
Parking features
Garage, Off Street
Exterior features
Fire Pit
Fireplace
1
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer Stacked
Subdivision
Eilenbergs Addn
Lot features
Historic Area
Directions
From 5 Points go west on Post St, take a right on Stockton St, take a left on Myra St
Standard status
Active
APN
0647800000
Size
2,130 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5865
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fireplaces
Building Details
Year built
1927
Floors in Building
2
Number of units
2
Flooring type
Wood
Building materials
Stucco
Listing Agency:
TRADITIONS REALTY LLC
(904) 683-5230
Listed By:
JOEL DAVIS · License #3448954
(904) 607-4090
Added: Jun 15
Changed: Sep 2
Last Checked: Sep 3 at 10:06AM
MLS# 2150936
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.
Built in 1927, this duplex contains two three-bedroom, one-bathroom residences with 2,130 square feet of total property size. Recent remodeling added updated kitchens, bathrooms, and appliances while retaining original wood flooring and fireplaces in both units. A newer roof, central heating and cooling, tankless water heater, stacked washer and dryer, stucco exterior, and public water and sewer further define the improvements. Parking includes a garage and off-street spaces.
The property occupies 0.15 acres at 2701 Myra Street in Jacksonville’s Historic Riverside district. Riverside dining, boutique shopping, and entertainment are located within a few blocks. Both units are currently tenant-occupied, providing an existing two-residence configuration for an owner seeking residential income property.
The property occupies 0.15 acres at 2701 Myra Street in Jacksonville’s Historic Riverside district. Riverside dining, boutique shopping, and entertainment are located within a few blocks. Both units are currently tenant-occupied, providing an existing two-residence configuration for an owner seeking residential income property.
Key Highlights
- Two 3‑bedroom, 1‑bathroom units on a 0.15‑acre parcel
- 2,130 square feet of total property size
- Recently remodeled kitchens, bathrooms, and appliances
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
$20,000
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
3.77%
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%
$400,000
$400.0K
Cap Rate 7%
$285,714
$285.7K
Cap Rate 9%
$222,222
$222.2K
Market Conditions
NOI Build-Up for 2,130 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
$31.4K $14.76/SF
− Vacancy
−$2.9K −$1.35/SF
EGI
$28.6K $13.41/SF
− OpEx
−$8.6K −$4.02/SF
NOI
$20.0K $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%
$400,000
Cap Rate 7%
$285,714
Cap Rate 9%
$222,222
Alternative Uses
Best Use
Multifamily LT 5
$285.7K
$250.0K – $333.3K
NOI $20,000 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$225.1K
$197.0K – $262.6K
NOI $15,758 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$583.5K
$510.6K – $680.8K
NOI $40,845 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,208
Businesses Nearby
Explore this area
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
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 - Both residences feature three bedrooms, one bathroom, and updated kitchen and bath finishes.
Where is this duplex located?
The property is located at 2701 MYRA Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bathroom units on a 0.15‑acre parcel; 2,130 square feet of total property size; Recently remodeled kitchens, bathrooms, and appliances
