New Construction Duplex
616 & 618 MARTIN LUTHER KING JR Drive Baldwin, FL 32234
For Sale
$350,000
New duplex built with two units, each 2 beds/2 baths, with separate electric and water meters.
Property Size2,100 SF
Lot Size0.11 Acres
Price / SF$166.67
Days on Market8
Property Features for 616 & 618 MARTIN LUTHER KING JR Drive
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.11 Acres
- Property subtype
- Duplex
Listing Agency:
UNITED REAL ESTATE GALLERY
Listed By:
LISA BURSE
Source:
Endlesssummerrealty
Added: Jul 17
Changed: Jul 21
Last Checked: Jul 23 at 5:13AM
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.
A brand-new duplex is offered for sale as one property, featuring two separate units. Each unit includes an open-concept layout with a spacious kitchen, stainless steel appliances, ceiling fans, and a dedicated laundry room with a utility sink. Separate electric and water meters serve the two units, providing convenient utilities management.
The property is located at 616 & 618 Martin Luther King Jr. Drive in Baldwin, Florida, and offers convenient access to I-10 and Jacksonville, along with local amenities. The duplex is described as low-maintenance new construction with no HOA. The site is approximately 0.11 acres.
The property is located at 616 & 618 Martin Luther King Jr. Drive in Baldwin, Florida, and offers convenient access to I-10 and Jacksonville, along with local amenities. The duplex is described as low-maintenance new construction with no HOA. The site is approximately 0.11 acres.
Key Highlights
- Brand‑new duplex sold as one property with 2 units at 616 & 618 Martin Luther King Jr. Drive, Baldwin, FL
- Each unit offers 2 beds, 2 baths, and approximately 1,050 SF of living space with an open‑concept floor plan
- Stainless steel appliances and ceiling fans included in each unit
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
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New duplex built with two units, each 2 beds/2 baths, with separate electric and water meters.
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 sold as one property with 2 units at 616 & 618 Martin Luther King Jr. Drive, Baldwin, FL; Each unit offers 2 beds, 2 baths, and approximately 1,050 SF of living space with an open‑concept floor plan; Stainless steel appliances and ceiling fans included in each unit
