Duplex with Vacant
For Sale
$179,900
315 NIXON Street, Jacksonville, FL 32204
The 1,938-square-foot property dates to 1935 and will be delivered without tenants at closing.
Property Size1,938 SF
Price / SF$92.83
Days on Market9
Property Features for 315 NIXON Street
General Information
Standard status
Active
Size
1,938 SF
Property subtype
Duplex
Site & Location
Neighborhood
Mixon Town
Additional Details
Multifamily Units
2
Building Details
Year Built
1935
Buildings
1
Listing Agency:
BLUE REAL ESTATE
(904) 343-2021
Listed By:
LEANA PRATTIS · License #3278648
(904) 300-6135
Source:
Endlesssummerrealty
Added: Oct 22
Changed: Oct 29
Last Checked: Oct 28 at 8:00AM
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 BLUE REAL ESTATE
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Investment Insights
Based on property information with market context.
This 1,938-square-foot duplex was built in 1935 and is offered vacant at closing. The property has previously operated as a rooming rental, and possible rental formats described for it include conventional long-term leasing or room-by-room occupancy. The duplex also allows for an owner to occupy one unit while renting the other.
Key Highlights
- 1,938‑square‑foot duplex
- Built in 1935
- Vacant delivery at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,338
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,760
$286.8K
Cap Rate 7%
$204,829
$204.8K
Cap Rate 9%
$159,311
$159.3K
Market Conditions
NOI Build-Up for 1,938 SF
Gross rent
$28.8K $14.88/SF
− Vacancy
−$2.8K −$1.43/SF
EGI
$26.1K $13.45/SF
− OpEx
−$11.7K −$6.05/SF
NOI
$14.3K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,760
Cap Rate 7%
$204,829
Cap Rate 9%
$159,311
Alternative Uses
Best Use
Multifamily LT 5
$260.0K
$227.5K – $303.3K
NOI $18,197 @ 7.0% cap · market cap 10.12%
Second Best
Apartment 5plus
$204.8K
$179.2K – $239.0K
NOI $14,338 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$530.9K
$464.5K – $619.4K
NOI $37,163 @ 7.0% cap · market cap 20.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
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Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The 1,938-square-foot property dates to 1935 and will be delivered without tenants at closing.
Where is this duplex located?
The property is located at 315 NIXON Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 1,938‑square‑foot duplex; Built in 1935; Vacant delivery at closing
