Updated Duplex in Murray
For Sale
Contact for pricing
3047 POST Street, Jacksonville, FL 32205
Updated duplex perfect for investors or owner-occupants in Jacksonville.
Property Size2,000 SF
Price / SF$175
Days on Market101
Property Features for 3047 POST Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multifamily, Land
Building Details
Year Built
1952
Listing Agency:
NAVY TO NAVY HOMES LLC
Listed By:
BAILEY JORDAN · License #3302356
(678) 447-1829
Source:
Crexi
Added: May 25
Changed: Jul 10
Last Checked: Sep 1 at 11:27PM
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 NAVY TO NAVY HOMES LLC
Investment Insights
Based on property information with market context.
This duplex presents an opportunity for investment or owner-occupancy. Located at 3047 and 3049 Post Street, the property includes both sides of the duplex. Each unit features two bedrooms and one bathroom, with each unit exceeding 1000 square feet. Unit 3047 has vinyl plank flooring, paint, updated plumbing, a new hot water heater, an HVAC system installed in 2019, newer windows, and kitchen updates. Unit 3049 has undergone extensive renovations, including new paint, vinyl flooring, new kitchen cabinets and counters, new appliances, complete rewiring, a full bathroom remodel, and a new HVAC system. A new roof was installed in 2024. Each unit has a private backyard space. The property is conveniently located near Murray Hill amenities, close to Riverside, and minutes from the highways. Unit 3049 is currently rented for $1250 per month through August 31.
Key Highlights
- Duplex: Great opportunity for investment portfolio expansion or house hacking.
- Each unit is a spacious 2/1 with over 1000 sq ft.
- Extensive renovations completed on one unit (3049), including a new kitchen, bathroom, wiring, and HVAC.
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
$18,779
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
5.37%
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%
$375,580
$375.6K
Cap Rate 7%
$268,271
$268.3K
Cap Rate 9%
$208,656
$208.7K
Market Conditions
NOI Build-Up for 2,000 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
$29.5K $14.76/SF
− Vacancy
−$2.7K −$1.35/SF
EGI
$26.8K $13.41/SF
− OpEx
−$8.0K −$4.02/SF
NOI
$18.8K $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%
$375,580
Cap Rate 7%
$268,271
Cap Rate 9%
$208,656
Alternative Uses
Best Use
Multifamily LT 5
$268.3K
$234.7K – $313.0K
NOI $18,779 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$211.4K
$185.0K – $246.6K
NOI $14,797 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$547.9K
$479.4K – $639.2K
NOI $38,352 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
652
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex perfect for investors or owner-occupants in Jacksonville.
Where is this duplex located?
The property is located at 3047 POST Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex: Great opportunity for investment portfolio expansion or house hacking.; Each unit is a spacious 2/1 with over 1000 sq ft.; Extensive renovations completed on one unit (3049), including a new kitchen, bathroom, wiring, and HVAC.
