Duplex with New
For Sale
$229,800
6348 Hyde Grove Ave, Jacksonville, FL 32210
Two-unit income property with separate carports, detached storage, and flexible owner-occupant or rental use.
Property Size1,896 SF
Lot Size0.29 Acres
Price / SF$121.20
Days on Market48
Property Features for 6348 Hyde Grove Ave
General Information
Standard status
Active
Size
1,896 SF
Lot size
0.29 Acres
Property subtype
Multi-Family
Units
Unit Mix
2BR/2BA, 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1942
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
(904) 339-3084
Listed By:
ERIC DREIBELBIS · License #3242953
Source:
Onewinningteam
Added: Jul 16
Changed: Aug 31
Last Checked: Aug 30 at 8:06PM
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 KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Investment Insights
Based on property information with market context.
This Jacksonville duplex contains 1,896 square feet with two separate residences: a two-bedroom, two-bath unit and a one-bedroom, one-bath unit. Each side has its own carport, and the property also includes a detached storage/carport structure. The roof was replaced in 2020, while the building dates to 1942.
Set on a 100-by-125-foot lot at 6348 Hyde Grove Ave, the property offers a two-unit configuration suited to occupying one residence while renting the other or leasing both units. The address is in Jacksonville, Florida, within ZIP Code 32210.
Set on a 100-by-125-foot lot at 6348 Hyde Grove Ave, the property offers a two-unit configuration suited to occupying one residence while renting the other or leasing both units. The address is in Jacksonville, Florida, within ZIP Code 32210.
Key Highlights
- 1,896‑square‑foot duplex with 2/2 and 1/1 unit configuration
- 100x125 lot at 6348 Hyde Grove Ave, Jacksonville, FL 32210
- New roof installed in 2020
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
$17,803
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
7.75%
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%
$356,060
$356.1K
Cap Rate 7%
$254,329
$254.3K
Cap Rate 9%
$197,811
$197.8K
Market Conditions
NOI Build-Up for 1,896 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
$28.0K $14.76/SF
− Vacancy
−$2.6K −$1.35/SF
EGI
$25.4K $13.41/SF
− OpEx
−$7.6K −$4.02/SF
NOI
$17.8K $9.39/SF
Area
ZIP 32210
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%
$356,060
Cap Rate 7%
$254,329
Cap Rate 9%
$197,811
Alternative Uses
Best Use
Multifamily LT 5
$254.3K
$222.5K – $296.7K
NOI $17,803 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$200.4K
$175.3K – $233.8K
NOI $14,027 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 15.82%
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
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
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-unit income property with separate carports, detached storage, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 6348 Hyde Grove Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $229,800.
What are key features of this property?
This property features: 1,896‑square‑foot duplex with 2/2 and 1/1 unit configuration; 100x125 lot at 6348 Hyde Grove Ave, Jacksonville, FL 32210; New roof installed in 2020
