Modern Duplex with Private
For Sale
$459,000
Pending
4056-58 Grant Rd, Jacksonville, FL 32207
Two residences feature granite countertops, stainless steel appliances, and walk-in closets.
Property Size2,508 SF
Days on Market181
Property Features for 4056-58 Grant Rd
General Information
Standard status
Pending
Size
2,508 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
stainless steel appliances
granite countertops
spacious layouts
walk-in closets
private entrances
Building Details
Year Built
2018
Listing Agency:
UNITED REAL ESTATE GALLERY
Listed By:
JAMES MATCHETT
(904) 294-0470
Source:
Jacksonvilleflhomeguide
Added: Mar 5
Changed: Sep 2
Last Checked: Sep 1 at 7:48PM
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 UNITED REAL ESTATE GALLERY
Investment Insights
Based on property information with market context.
Built in 2018, this Jacksonville duplex contains two separate residences with private entrances and layouts designed for independent occupancy. Both units are currently available, providing flexibility for an owner-occupant or an investor seeking a residential income property. Interior features include stainless steel appliances, granite countertops, spacious living areas, and walk-in closets. The property does not have an HOA.
Located at 4056-58 Grant Rd, the duplex is near shopping, dining, and major roadways. San Marco and Downtown Jacksonville are each just minutes away, placing the property within convenient reach of established commercial and employment areas. The two-unit configuration supports rental use while preserving the option to occupy one residence and lease the other.
Located at 4056-58 Grant Rd, the duplex is near shopping, dining, and major roadways. San Marco and Downtown Jacksonville are each just minutes away, placing the property within convenient reach of established commercial and employment areas. The two-unit configuration supports rental use while preserving the option to occupy one residence and lease the other.
Key Highlights
- Two‑unit duplex built in 2018
- Both residences are available for immediate occupancy
- Private entrance serves each unit
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
$23,549
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
5.13%
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%
$470,980
$471.0K
Cap Rate 7%
$336,414
$336.4K
Cap Rate 9%
$261,656
$261.7K
Market Conditions
NOI Build-Up for 2,508 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
$37.0K $14.76/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$33.6K $13.41/SF
− OpEx
−$10.1K −$4.02/SF
NOI
$23.5K $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 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%
$470,980
Cap Rate 7%
$336,414
Cap Rate 9%
$261,656
Alternative Uses
Best Use
Multifamily LT 5
$336.4K
$294.4K – $392.5K
NOI $23,549 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$265.1K
$231.9K – $309.3K
NOI $18,555 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$687.0K
$601.2K – $801.6K
NOI $48,093 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
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 residences feature granite countertops, stainless steel appliances, and walk-in closets.
Where is this duplex located?
The property is located at 4056-58 Grant Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2018; Both residences are available for immediate occupancy; Private entrance serves each unit
