Duplex With Carport
For Sale
$239,000
6348 HYDE GROVE Avenue, Jacksonville, FL 32210
MULTI_FAMILY - Jacksonville, FL
Property Size1,896 SF
Lot Size0.30 Acres
Price / SF$126.05
Days on Market97
Property Features for 6348 HYDE GROVE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 3
Parking features
Carport
Appliances
Gas Range, Refrigerator
Subdivision
Country Club Manor
Lot features
Cleared, Few Trees
Directions
From Lane Ave go East on Hyde Grove Ave...Home is on your Right
Standard status
Active
APN
0684950050
Size
1,896 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3780
Utilities
Utilities
Cable Available
Heating system
Varies by Unit (Heating)
Cooling system
Wall/Window Unit(s), Varies by Unit, Window Unit(s)
Water source
Public
Amenities
detached storage
Building Details
Year built
1942
Floors in Building
1
Number of units
2
Flooring type
Laminate
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
(904) 247-0059
Listed By:
ERIC DREIBELBIS · License #3242953
(904) 339-3084
Added: May 8
Changed: Aug 1
Last Checked: Aug 12 at 10:06PM
MLS# 2144318
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 duplex includes two rental units with carport parking. The property sits on a huge 100x125 lot and totals 1,896 square feet. The homes include gas range and refrigerator, with laminate flooring and heating that varies by unit. Cooling is provided through wall/window and window unit(s). Public water is available, and cable is available.
Improvements include a new roof installed in 2020. Additional exterior space includes a detached storage/carport.
Each unit has dedicated rooms and bathrooms configured within the duplex layout. The property was built in 1942, and appointments are required for showings.
Improvements include a new roof installed in 2020. Additional exterior space includes a detached storage/carport.
Each unit has dedicated rooms and bathrooms configured within the duplex layout. The property was built in 1942, and appointments are required for showings.
Key Highlights
- Duplex on a 0.3‑acre lot (100x125)
- Total building size of 1,896 SF
- 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
7.45%
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 7.45%
Second Best
Apartment 5plus
$200.4K
$175.3K – $233.8K
NOI $14,027 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 15.21%
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
385
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a 0.3-acre lot with carport parking and two units with public water and cable availability.
Where is this duplex located?
The property is located at 6348 HYDE GROVE Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Duplex on a 0.3‑acre lot (100x125); Total building size of 1,896 SF; New roof installed in 2020
