Updated Duplex with Private
For Sale
$338,000
3047 POST Street, Jacksonville, FL 32205
Residential Income, Jacksonville, FL
Property Size2,058 SF
Lot Size0.11 Acres
Price / SF$164.24
Days on Market98
Property Features for 3047 POST Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
Parking features
Off Street
Appliances
Electric Range, Refrigerator
Subdivision
Murray Hill
Lot features
Historic Area
Directions
From Roosevelt turn onto Post.
Standard status
Active
APN
0641180000
Size
2,058 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5526
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Cooling system
Electric
Amenities
private backyard spaces
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Listing Agency:
NAVY TO NAVY HOMES LLC
(904) 900-4766
Listed By:
BAILEY JORDAN · License #3302356
(678) 447-1829
Added: May 25
Changed: Aug 19
Last Checked: Aug 30 at 4:06PM
MLS# 2147017
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bath residences, each measuring 1,000+ square feet, for a combined 2,058 square feet. The property sits on a 0.11-acre lot and includes separate private backyard areas. Interior improvements include vinyl flooring, updated kitchens, refreshed bathrooms, newer windows, plumbing work, and updated electrical systems. One unit has a newer hot water heater and HVAC installed in 2019, while the other received a new HVAC system and extensive interior renovation. A new roof was completed in 2024.
Located at 3047 and 3049 Post Street in Jacksonville, the property offers off-street parking and water availability. It is near Riverside and the Murray Hill area, with convenient access to highways. One residence is currently rented, while both sides are included in the sale.
Located at 3047 and 3049 Post Street in Jacksonville, the property offers off-street parking and water availability. It is near Riverside and the Murray Hill area, with convenient access to highways. One residence is currently rented, while both sides are included in the sale.
Key Highlights
- Two 2/1 units totaling 2,058 square feet
- 0.11‑acre lot with separate private backyard spaces
- New roof completed in 2024
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-unit property with renovated interiors, separate outdoor areas, and off-street parking near Riverside.
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 2/1 units totaling 2,058 square feet; 0.11‑acre lot with separate private backyard spaces; New roof completed in 2024
