Updated Duplex with Off-Street
2876 COLLEGE Street, Jacksonville, FL 32205
For Sale
$389,900
Two separately metered residences offer flexible occupancy and investment use in Jacksonville’s Riverside/Avondale Historic District.
Property Size2,008 SF
Days on Market58
Property Features for 2876 COLLEGE Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit stacked laundry
granite countertops
off-street parking
separate water and electric meters
tankless water heaters
Building Details
Building Size
Year Built
Buildings
Listing Agency:
NOMAD REALTY
Listed By:
RICHARD STANCATO · License FL BK3393478
(904) 428-9269
Source:
Houseandhavenrealty
Added: Sep 15
Changed: Nov 7
Last Checked: Nov 10 at 2:20PM
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 NOMAD REALTY
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Investment Insights
Based on property information with market context.
Built in 1926, this 2,008-square-foot duplex contains two three-bedroom, one-bath units. Each residence has its own water and electric meter, along with an updated kitchen featuring granite countertops, newer cabinetry, and appliances. In-unit stacked laundry adds practical convenience. Newer tankless water heaters, a new 2026 roof, and 2020 foundation reinforcement are also in place. The exterior has been primed for a future finish color selected by the buyer.
A large driveway along the side and rear provides off-street parking. The property is in Jacksonville’s Riverside/Avondale Historic District, with walkable access to King Street dining and nightlife. Avondale, Murray Hill, parks, and restaurants are located minutes away.
A large driveway along the side and rear provides off-street parking. The property is in Jacksonville’s Riverside/Avondale Historic District, with walkable access to King Street dining and nightlife. Avondale, Murray Hill, parks, and restaurants are located minutes away.
Key Highlights
- Two 3‑bedroom/1‑bath units within a 2,008 SF duplex
- Separate water and electric meters for each unit
- Updated kitchens with granite countertops, newer cabinetry, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,855
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,100
$377.1K
Cap Rate 7%
$269,357
$269.4K
Cap Rate 9%
$209,500
$209.5K
Market Conditions
NOI Build-Up for 2,008 SF
Gross rent
$29.6K $14.76/SF
− Vacancy
−$2.7K −$1.35/SF
EGI
$26.9K $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 Rate 5%
$377,100
Cap Rate 7%
$269,357
Cap Rate 9%
$209,500
Alternative Uses
Best Use
Multifamily LT 5
$269.4K
$235.7K – $314.3K
NOI $18,855 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$212.2K
$185.7K – $247.6K
NOI $14,856 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$550.1K
$481.3K – $641.8K
NOI $38,505 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,239
Businesses Nearby
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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
$257,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Jacksonville, FL
Properties on Market for Duplexes in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences offer flexible occupancy and investment use in Jacksonville’s Riverside/Avondale Historic District.
Where is this duplex located?
The property is located at 2876 COLLEGE Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two 3‑bedroom/1‑bath units within a 2,008 SF duplex; Separate water and electric meters for each unit; Updated kitchens with granite countertops, newer cabinetry, and appliances
