New Construction Duplex
616 & 618 MARTIN LUTHER KING JR Drive Baldwin, FL 32234
New
616 & 618 MARTIN LUTHER KING JR Drive, Baldwin, FL, 32234
$350,000
For Sale
$350,000
MULTI_FAMILY - Baldwin, FL
Property Size2,100 SF
Lot Size0.11 Acres
Price / SF$166.67
Days on Market1
Property Features for 616 & 618 MARTIN LUTHER KING JR Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 4
- Parking
- 4
- Parking features
- Off Street
- Appliances
- Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
- Standard status
- Active
- APN
- 0004360035
- Size
- 2,100 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 186
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Shingle
Listing Agency
UNITED REAL ESTATE GALLERY
(904) 500-3948
8380 BAYMEADOWS RD STE 17, Jacksonville, FL
Listed by
LISA BURSE · License #3523791
(904) 947-8201
Added: Jul 17 Checked: Jul 17 at 5:06 pm
MLS# 2155924
Listing URL
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 new construction duplex is being sold as one property and includes two separate units. Each unit offers an open-concept layout with two bedrooms and two bathrooms, along with a kitchen that includes stainless steel appliances, ceiling fans, and a dedicated laundry room with a utility sink.
The duplex is equipped with separate electric and water meters for each unit. The offering is listed with a lot size of approximately 0.11 acres and includes no HOA.
The property totals approximately 2,100 square feet and is positioned for convenient access to I-10, Jacksonville, and local amenities.
The duplex is equipped with separate electric and water meters for each unit. The offering is listed with a lot size of approximately 0.11 acres and includes no HOA.
The property totals approximately 2,100 square feet and is positioned for convenient access to I-10, Jacksonville, and local amenities.
Key Highlights
- Brand‑new duplex being sold as one property with 2 units
- Each unit offers 2 bedrooms and 2 bathrooms with approx. 1,050 SF of living space
- Open‑concept layout with stainless steel kitchen appliances, ceiling fans, and dedicated laundry room with utility sink
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $14.16 |
| − Vacancy | −$3.2k | −$1.50 |
| EGI | $26.6k | $12.66 |
| − OpEx | −$8.0k | −$3.80 |
| NOI | $18.6k | $8.86 |
2,100 SF · lease $14.16/SF/yr · vacancy 10.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.8K
$232.6K – $310.2K
NOI $18,609 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$234.5K
$205.2K – $273.6K
NOI $16,414 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$560.2K
$490.1K – $653.5K
NOI $39,211 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - New construction duplex for sale with two units, each featuring two bedrooms, two bathrooms, and in-unit laundry.
Where is this duplex located?
The property is located at 616 & 618 MARTIN LUTHER KING JR Drive Baldwin, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Brand‑new duplex being sold as one property with 2 units; Each unit offers 2 bedrooms and 2 bathrooms with approx. 1,050 SF of living space; Open‑concept layout with stainless steel kitchen appliances, ceiling fans, and dedicated laundry room with utility sink
