Four-Unit Duplex
New
For Sale
$210,000
3118 BRIDIER Street, Jacksonville, FL 32206
Two neighboring duplexes have separate water and electric meters, concrete masonry construction, and off-street parking.
Property Size1,656 SF
Days on Market4
Property Features for 3118 BRIDIER Street
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,817
Building Details
Building Size
1,656 SF
Year Built
1959
Listing Agency:
THE MULTIFAMILY ADVISORS
Listed By:
ROBERTO CUARTERO · License #SL3642075
(904) 655-9406
Source:
Houseandhavenrealty
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 8 at 2:15AM
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 THE MULTIFAMILY ADVISORS
Investment Insights
Based on property information with market context.
The offering combines two adjacent duplex buildings with four units in total. Built in 1959, the properties feature concrete masonry construction, separately metered water and electric service, and off-street parking. Recent renovations are also noted.
The buildings are located on Bridier Street in Jacksonville. Together, they generate $47,520 in annual gross rental income.
The buildings are located on Bridier Street in Jacksonville. Together, they generate $47,520 in annual gross rental income.
Key Highlights
- Two adjacent duplexes offered together, with four units total
- Annual gross rental income of $47,520
- Water and electric are separately metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,549
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,980
$311.0K
Cap Rate 7%
$222,129
$222.1K
Cap Rate 9%
$172,767
$172.8K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$24.4K $14.76/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$22.2K $13.41/SF
− OpEx
−$6.7K −$4.02/SF
NOI
$15.5K $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 Rate 5%
$310,980
Cap Rate 7%
$222,129
Cap Rate 9%
$172,767
Alternative Uses
Best Use
Multifamily LT 5
$222.1K
$194.4K – $259.2K
NOI $15,549 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$175.0K
$153.2K – $204.2K
NOI $12,252 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$453.6K
$396.9K – $529.3K
NOI $31,755 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two neighboring duplexes have separate water and electric meters, concrete masonry construction, and off-street parking.
Where is this duplex located?
The property is located at 3118 BRIDIER Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two adjacent duplexes offered together, with four units total; Annual gross rental income of $47,520; Water and electric are separately metered
