4-Unit Duplex
New
For Sale
$210,000
3122 BRIDIER Street, Jacksonville, FL 32206
Two neighboring buildings feature separate water and electric meters, concrete masonry construction, and off-street parking.
Property Size1,672 SF
Days on Market4
Property Features for 3122 BRIDIER Street
General Information
Standard status
Active
Size
1,672 SF
Property subtype
Duplex
Financials
Asking Price
$420,000
Gross Income
$47,520
Additional Details
Utilities to Site
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,415
Amenities
off-street parking
Building Details
Building Size
1,672 SF
Year Built
1959
Buildings
2
Construction
concrete masonry
Listing Agency:
THE MULTIFAMILY ADVISORS
Listed By:
ROBERTO CUARTERO · License #SL3642075
(904) 655-9406
Source:
Bebetterflorida
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 12:44PM
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.
This Jacksonville property comprises two adjacent duplex buildings with four residential units. The buildings were constructed of concrete masonry and include off-street parking, with water and electric service separately metered. The property measures 1,672 square feet and was built in 1959.
Key Highlights
- Two adjacent duplex buildings with four units total
- 1,672 square feet
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,700
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,000
$314.0K
Cap Rate 7%
$224,286
$224.3K
Cap Rate 9%
$174,444
$174.4K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$24.7K $14.76/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$22.4K $13.41/SF
− OpEx
−$6.7K −$4.02/SF
NOI
$15.7K $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%
$314,000
Cap Rate 7%
$224,286
Cap Rate 9%
$174,444
Alternative Uses
Best Use
Multifamily LT 5
$224.3K
$196.3K – $261.7K
NOI $15,700 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$176.7K
$154.6K – $206.2K
NOI $12,370 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$458.0K
$400.8K – $534.4K
NOI $32,062 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
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
Check the figures for this property
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 buildings feature separate water and electric meters, concrete masonry construction, and off-street parking.
Where is this duplex located?
The property is located at 3122 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 duplex buildings with four units total; 1,672 square feet; Built in 1959
