Duplex Townhouse with Fenced
For Sale
$575,000
67 W 8th St, Atlantic Beach, FL 32233
Two separately entered residences include flexible owner-occupancy or rental use, private balconies, and access to a shared outdoor area.
Property Size2,048 SF
Price / SF$280.76
Days on Market44
Property Features for 67 W 8th St
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
private balcony
fenced backyard
Building Details
Year Built
1987
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
(904) 657-7723
Listed By:
SUSAN GAYLE CARROLL
Source:
Myfirstcoasthomesearch
Added: Jul 16
Changed: Aug 28
Last Checked: Aug 28 at 12:18PM
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 BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Investment Insights
Based on property information with market context.
This 2,048-square-foot duplex townhouse, built in 1987, contains two distinct residences with private entrances. Each unit measures 1,024 square feet and includes 2 bedrooms, 1.5 bathrooms, an upstairs rear-bedroom balcony, and views toward the fenced backyard. The layout supports separate occupancy within one property.
Unit #69 has received extensive interior improvements, including luxury plank flooring, new upstairs carpet, a remodeled kitchen with stainless steel appliances and granite countertops, refreshed bathrooms, and new light fixtures. Unit #67 includes tile flooring and partial upgrades. The property has no HOA or CDD fees.
Located at 67 W 8th St in Atlantic Beach, the duplex is near Mayport Naval Station, Atlantic Beach Town Center, restaurants, shopping, major employers, Hanna Park, Dutton Island, and ferry access.
Unit #69 has received extensive interior improvements, including luxury plank flooring, new upstairs carpet, a remodeled kitchen with stainless steel appliances and granite countertops, refreshed bathrooms, and new light fixtures. Unit #67 includes tile flooring and partial upgrades. The property has no HOA or CDD fees.
Located at 67 W 8th St in Atlantic Beach, the duplex is near Mayport Naval Station, Atlantic Beach Town Center, restaurants, shopping, major employers, Hanna Park, Dutton Island, and ferry access.
Key Highlights
- Two‑unit duplex townhouse totaling 2,048 square feet
- Each residence offers 1,024 square feet, 2 bedrooms, and 1.5 bathrooms
- Unit #69 features a remodeled kitchen, updated bathrooms, new flooring, and new light fixtures
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
$18,148
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
3.16%
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%
$362,960
$363.0K
Cap Rate 7%
$259,257
$259.3K
Cap Rate 9%
$201,644
$201.6K
Market Conditions
NOI Build-Up for 2,048 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
$29.0K $14.16/SF
− Vacancy
−$3.1K −$1.50/SF
EGI
$25.9K $12.66/SF
− OpEx
−$7.8K −$3.80/SF
NOI
$18.1K $8.86/SF
Area
Duval County, FL
Vacancy
10.60%
Lease Rate
$14.16 /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%
$362,960
Cap Rate 7%
$259,257
Cap Rate 9%
$201,644
Alternative Uses
Best Use
Multifamily LT 5
$259.3K
$226.9K – $302.5K
NOI $18,148 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$228.7K
$200.1K – $266.8K
NOI $16,007 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$546.3K
$478.0K – $637.3K
NOI $38,240 @ 7.0% cap · market cap 6.65%
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
1,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 32233, FL
23,980
Population
11,215
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
94%
High-School Grad
10.2 sq mi
ZIP Area
2,351
Density / Sq Mi
$81,586
Median Household Income
$44,067
Median Earnings
$1,541
Median Rent
$396,100
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 - Two separately entered residences include flexible owner-occupancy or rental use, private balconies, and access to a shared outdoor area.
Where is this duplex located?
The property is located at 67 W 8th St Atlantic Beach, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑unit duplex townhouse totaling 2,048 square feet; Each residence offers 1,024 square feet, 2 bedrooms, and 1.5 bathrooms; Unit #69 features a remodeled kitchen, updated bathrooms, new flooring, and new light fixtures
