Renovated Duplex With
For Sale
$715,999
2916 POST Street, Jacksonville, FL 32205
Upstairs and downstairs residences include private primary suites and laundry hookups within each unit.
Property Size2,931 SF
Days on Market48
Property Features for 2916 POST Street
General Information
Standard status
Active
Size
2,931 SF
Property subtype
Duplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,445
Building Details
Building Size
2,931 SF
Year Built
1926
Listing Agency:
LPT REALTY LLC
(904) 568-1882
Listed By:
LUCIE WELCH
Source:
Houseandhavenrealty
Added: Jun 26
Changed: Aug 12
Last Checked: Aug 12 at 3:27PM
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 LPT REALTY LLC
Investment Insights
Based on property information with market context.
Built in 1926, this renovated duplex is configured as separate upstairs and downstairs residences, each with a private primary suite, light-filled living areas, a fully equipped kitchen, and laundry hookups. Quartz countertops, brand-new stainless-steel appliances, custom tilework, distinctive vanities, generous closet space, and updated finishes carry throughout the interiors.
A detached 520 sq. ft. ADU adds flexibility for rental income, guest accommodations, or a private home office. Major improvements include a new roof, updated A/C systems, tankless water heaters, fully rewired electrical with new panels, and updated plumbing. The property is located on POST Street in Jacksonville’s Riverside area.
A detached 520 sq. ft. ADU adds flexibility for rental income, guest accommodations, or a private home office. Major improvements include a new roof, updated A/C systems, tankless water heaters, fully rewired electrical with new panels, and updated plumbing. The property is located on POST Street in Jacksonville’s Riverside area.
Key Highlights
- 1926 duplex configured as separate upstairs and downstairs residences
- Detached 520 sq. ft. ADU adds flexible space
- Each residence includes a private primary suite and laundry hookups
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
$27,521
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
3.84%
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%
$550,420
$550.4K
Cap Rate 7%
$393,157
$393.2K
Cap Rate 9%
$305,789
$305.8K
Market Conditions
NOI Build-Up for 2,931 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
$43.3K $14.76/SF
− Vacancy
−$3.9K −$1.35/SF
EGI
$39.3K $13.41/SF
− OpEx
−$11.8K −$4.02/SF
NOI
$27.5K $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%
$550,420
Cap Rate 7%
$393,157
Cap Rate 9%
$305,789
Alternative Uses
Best Use
Multifamily LT 5
$393.2K
$344.0K – $458.7K
NOI $27,521 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$309.8K
$271.1K – $361.4K
NOI $21,685 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$802.9K
$702.6K – $936.8K
NOI $56,205 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,239
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
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 - Upstairs and downstairs residences include private primary suites and laundry hookups within each unit.
Where is this duplex located?
The property is located at 2916 POST Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $715,999.
What are key features of this property?
This property features: 1926 duplex configured as separate upstairs and downstairs residences; Detached 520 sq. ft. ADU adds flexible space; Each residence includes a private primary suite and laundry hookups
