Updated Duplex with Private
For Sale
$338,000
3047 POST Street, Jacksonville, FL 32205
Two separately configured residences offer renovated interiors, individual outdoor areas, and flexible owner-occupant or rental use.
Property Size2,058 SF
Days on Market80
Property Features for 3047 POST Street
General Information
Standard status
Active
Size
2,058 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,526
Building Details
Building Size
2,058 SF
Year Built
1952
Listing Agency:
NAVY TO NAVY HOMES LLC
(678) 447-1829
Listed By:
BAILEY JORDAN · License #3302356
Source:
Houseandhavenrealty
Added: May 26
Changed: Aug 11
Last Checked: Aug 12 at 3:26PM
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 includes two 2-bedroom, 1-bath residences, each measuring 1,000+ square feet. The property is being offered as a combined sale of 3047 and 3049 Post Street, with a private backyard area assigned to each unit. Built in 1952, the building has received substantial improvements across both residences.
Updates include vinyl plank flooring, interior paint, plumbing work, a newer water heater, updated kitchen features, newer windows, and an HVAC system installed in 2019 at 3047. The second unit has new paint, flooring, kitchen cabinetry, countertops, appliances, wiring, a fully remodeled bathroom, and a new HVAC system. A new roof was completed in 2024. One unit is currently leased, while the two-unit configuration also supports an owner-occupant arrangement with a separate residence.
Updates include vinyl plank flooring, interior paint, plumbing work, a newer water heater, updated kitchen features, newer windows, and an HVAC system installed in 2019 at 3047. The second unit has new paint, flooring, kitchen cabinetry, countertops, appliances, wiring, a fully remodeled bathroom, and a new HVAC system. A new roof was completed in 2024. One unit is currently leased, while the two-unit configuration also supports an owner-occupant arrangement with a separate residence.
Key Highlights
- Two 2‑bedroom, 1‑bath units, each measuring 1,000+ square feet
- New roof completed in 2024
- 3047 features HVAC installed in 2019, updated plumbing, newer windows, and kitchen improvements
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
$19,324
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
5.72%
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%
$386,480
$386.5K
Cap Rate 7%
$276,057
$276.1K
Cap Rate 9%
$214,711
$214.7K
Market Conditions
NOI Build-Up for 2,058 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
$30.4K $14.76/SF
− Vacancy
−$2.8K −$1.35/SF
EGI
$27.6K $13.41/SF
− OpEx
−$8.3K −$4.02/SF
NOI
$19.3K $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%
$386,480
Cap Rate 7%
$276,057
Cap Rate 9%
$214,711
Alternative Uses
Best Use
Multifamily LT 5
$276.1K
$241.6K – $322.1K
NOI $19,324 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$217.5K
$190.3K – $253.8K
NOI $15,226 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$563.8K
$493.3K – $657.7K
NOI $39,464 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences offer renovated interiors, individual outdoor areas, and flexible owner-occupant or rental use.
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 $338,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units, each measuring 1,000+ square feet; New roof completed in 2024; 3047 features HVAC installed in 2019, updated plumbing, newer windows, and kitchen improvements
