Duplex with Two-Story
New
For Sale
$525,000
2745 Downing St, Jacksonville, FL 32205
Two separate residences offer flexible living arrangements or the option to rent both homes.
Property Size2,013 SF
Price / SF$260.80
Days on Market5
Property Features for 2745 Downing St
General Information
Standard status
Active
Size
2,013 SF
Property subtype
Multi-Family
Building Details
Year Built
1922
Listed By:
Florida Coastal Team
(904) 664-9864
Source:
Floridacoastalteam
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 2 at 8:03PM
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 Florida Coastal Team
Investment Insights
Based on property information with market context.
This 1922 duplex pairs a Riverside bungalow with a private two-story cottage behind it. The main residence has an open front porch, luxury vinyl flooring, updated light fixtures, fresh interior paint, and an updated bathroom. An enclosed laundry closet includes a washer and dryer. The cottage has a porch and upper-level balcony, with tropical landscaping around the property.
Off-street parking is available beside the main house, with additional street parking for guests. The two residences can accommodate separate households or be rented individually.
Off-street parking is available beside the main house, with additional street parking for guests. The two residences can accommodate separate households or be rented individually.
Key Highlights
- Two residences: a bungalow and a private two‑story cottage
- Main home improvements include luxury vinyl flooring, updated lighting, fresh paint, and an updated bathroom
- Enclosed laundry closet with washer and dryer
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
$18,902
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
3.60%
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%
$378,040
$378.0K
Cap Rate 7%
$270,029
$270.0K
Cap Rate 9%
$210,022
$210.0K
Market Conditions
NOI Build-Up for 2,013 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
$29.7K $14.76/SF
− Vacancy
−$2.7K −$1.35/SF
EGI
$27.0K $13.41/SF
− OpEx
−$8.1K −$4.02/SF
NOI
$18.9K $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%
$378,040
Cap Rate 7%
$270,029
Cap Rate 9%
$210,022
Alternative Uses
Best Use
Multifamily LT 5
$270.0K
$236.3K – $315.0K
NOI $18,902 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$212.8K
$186.2K – $248.2K
NOI $14,893 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$551.4K
$482.5K – $643.4K
NOI $38,601 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,083
Businesses Nearby
Explore this area
Business Placement
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
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 - Two separate residences offer flexible living arrangements or the option to rent both homes.
Where is this duplex located?
The property is located at 2745 Downing St Jacksonville, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two residences: a bungalow and a private two‑story cottage; Main home improvements include luxury vinyl flooring, updated lighting, fresh paint, and an updated bathroom; Enclosed laundry closet with washer and dryer
