Duplex with Detached Efficiency
For Sale
$150,000
395 Duray Ct, Jacksonville, FL 32208
Two-bedroom main residence paired with a separate efficiency unit featuring a kitchenette and private bath.
Property Size967 SF
Price / SF$155.12
Days on Market12
Property Features for 395 Duray Ct
General Information
Standard status
Active
Size
967 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x efficiency
Multifamily Units
2
Building Details
Year Built
1941
Buildings
2
Listing Agency:
LPT REALTY LLC
Listed By:
BRIAN GABREE
(904) 234-4755
Source:
Onewinningteam
Added: Aug 22
Changed: Aug 29
Last Checked: Sep 1 at 9:42PM
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 LPT REALTY LLC
Investment Insights
Based on property information with market context.
This duplex property includes a 967-square-foot main residence and a detached 210-square-foot efficiency unit. The primary home has two bedrooms, one bathroom, a living area with fireplace, separate dining space, and indoor laundry. The detached unit includes a kitchenette and bathroom, providing a distinct secondary space within the property.
The main residence is currently occupied under a month-to-month lease. Driveway parking serves the property, which is located in Jacksonville’s established Northside area. The separate unit and existing occupancy create a flexible configuration for continued rental use, owner occupancy, guest accommodations, or workspace, as supported by the property’s current layout.
The main residence is currently occupied under a month-to-month lease. Driveway parking serves the property, which is located in Jacksonville’s established Northside area. The separate unit and existing occupancy create a flexible configuration for continued rental use, owner occupancy, guest accommodations, or workspace, as supported by the property’s current layout.
Key Highlights
- 967‑square‑foot main residence with two bedrooms and one bathroom
- Detached 210‑square‑foot efficiency unit with kitchenette and bath
- Main home includes fireplace, separate dining area, and indoor laundry
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
$9,080
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
6.05%
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%
$181,600
$181.6K
Cap Rate 7%
$129,714
$129.7K
Cap Rate 9%
$100,889
$100.9K
Market Conditions
NOI Build-Up for 967 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
$14.3K $14.76/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$13.0K $13.41/SF
− OpEx
−$3.9K −$4.02/SF
NOI
$9.1K $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%
$181,600
Cap Rate 7%
$129,714
Cap Rate 9%
$100,889
Alternative Uses
Best Use
Multifamily LT 5
$129.7K
$113.5K – $151.3K
NOI $9,080 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$102.2K
$89.4K – $119.2K
NOI $7,154 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$264.9K
$231.8K – $309.1K
NOI $18,543 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
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-bedroom main residence paired with a separate efficiency unit featuring a kitchenette and private bath.
Where is this duplex located?
The property is located at 395 Duray Ct Jacksonville, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 967‑square‑foot main residence with two bedrooms and one bathroom; Detached 210‑square‑foot efficiency unit with kitchenette and bath; Main home includes fireplace, separate dining area, and indoor laundry
