Two-Story Duplex with
For Sale
$240,000
Pending
337-339 11TH Street, Jacksonville, FL 32206
MULTI_FAMILY - Jacksonville, FL
Property Size2,942 SF
Lot Size0.12 Acres
Days on Market57
Property Features for 337-339 11TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
Parking features
On Street
Fireplace
1
Subdivision
Springfield
Directions
From I-95, exit 8th ST East, left on Boulevard ST, right on W 11th ST
Standard status
Pending
APN
0732440000
Size
2,942 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7033
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fireplace
covered front porch
Building Details
Year built
1927
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Brick, Frame
Listing Agency:
CORE REALTY, LLC
(904) 853-6018
Listed By:
RYAN L COURSON · License #3193680
(904) 853-6018
Added: Jun 18
Changed: Aug 1
Last Checked: Aug 13 at 12:06AM
MLS# 2151231
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 two-story duplex at 337-339 11TH Street offers two separate units, each with a living room featuring a fireplace, a separate dining room, and a kitchen with tile flooring. Interior utility rooms are included in both units, with wood flooring in select areas.
The upstairs unit also includes a covered front porch. Construction materials are listed as brick and frame. Heating and cooling are central, with central air. The property provides public water and public sewer service, and parking is available on-street.
Built in 1927 and sited on a 0.12-acre lot, the duplex totals 2,942 square feet.
The upstairs unit also includes a covered front porch. Construction materials are listed as brick and frame. Heating and cooling are central, with central air. The property provides public water and public sewer service, and parking is available on-street.
Built in 1927 and sited on a 0.12-acre lot, the duplex totals 2,942 square feet.
Key Highlights
- Two‑story duplex with living rooms featuring fireplaces in both units
- Upstairs unit includes a covered front porch
- Kitchen with tile flooring plus wood flooring in select areas
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
$21,766
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
9.07%
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%
$435,320
$435.3K
Cap Rate 7%
$310,943
$310.9K
Cap Rate 9%
$241,844
$241.8K
Market Conditions
NOI Build-Up for 2,942 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
$43.8K $14.88/SF
− Vacancy
−$4.2K −$1.43/SF
EGI
$39.6K $13.45/SF
− OpEx
−$17.8K −$6.05/SF
NOI
$21.8K $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 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%
$435,320
Cap Rate 7%
$310,943
Cap Rate 9%
$241,844
Alternative Uses
Best Use
Multifamily LT 5
$394.6K
$345.3K – $460.4K
NOI $27,625 @ 7.0% cap · market cap 11.51%
Second Best
Apartment 5plus
$310.9K
$272.1K – $362.8K
NOI $21,766 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$805.9K
$705.2K – $940.3K
NOI $56,416 @ 7.0% cap · market cap 23.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
191
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
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-story duplex with central HVAC, public water and sewer, and on-street parking for easy city access.
Where is this duplex located?
The property is located at 337-339 11TH Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑story duplex with living rooms featuring fireplaces in both units; Upstairs unit includes a covered front porch; Kitchen with tile flooring plus wood flooring in select areas
