Duplex with Private
For Sale
$459,000
405658 4056-58 Grant Rd, Jacksonville, FL 32207
Two separately accessed units offer stainless steel appliances, granite countertops, and walk-in closets.
Property Size2,508 SF
Price / SF$183.01
Days on Market35
Property Features for 405658 4056-58 Grant Rd
General Information
Standard status
Active
Size
2,508 SF
Property subtype
Multi-Family
Building Details
Year Built
2018
Listing Agency:
UNITED REAL ESTATE GALLERY
Listed By:
JAMES MATCHETT
(904) 294-0470
Source:
Onewinningteam
Added: Jul 30
Changed: Aug 31
Last Checked: Sep 1 at 10:36PM
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.
Completed in 2018, this 2,508-square-foot duplex contains two separately accessed units. Both are available for immediate occupancy, and each residence includes stainless steel appliances, granite countertops, spacious interior layouts, and walk-in closets. Private entrances provide distinct access for each unit, while the property has no HOA.
The Jacksonville property is positioned near shopping, dining, and major roadways, with San Marco and Downtown Jacksonville just minutes away. Its two-unit configuration supports either leasing both residences or occupying one while using the other as a rental, as described in the property information.
The Jacksonville property is positioned near shopping, dining, and major roadways, with San Marco and Downtown Jacksonville just minutes away. Its two-unit configuration supports either leasing both residences or occupying one while using the other as a rental, as described in the property information.
Key Highlights
- 2,508‑square‑foot duplex built in 2018
- Both units available for immediate occupancy
- Separate private entrances for 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
Location Intelligence
Trade Area within ½ mile
768
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 separately accessed units offer stainless steel appliances, granite countertops, and walk-in closets.
Where is this duplex located?
The property is located at 405658 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: 2,508‑square‑foot duplex built in 2018; Both units available for immediate occupancy; Separate private entrances for each unit
