Duplex with Private
For Sale
Under Contract
$575,000
67 W 8TH Street, Atlantic Beach, FL 32233
Residential Income, Atlantic Beach, FL
Property Size2,048 SF
Lot Size0.12 Acres
Price / SF$280.76
Days on Market71
Property Features for 67 W 8TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4
Parking features
On Street, Driveway
Exterior features
Balcony
Fencing
Fenced
Appliances
Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator
Subdivision
Atlantic Beach West
Elementary school
Neptune Beach
Middle school
Mayport
High school
Duncan Fletcher
Directions
Atlantic Blvd East to Mayport Rd towards Naval Station. In .9 miles make a u-turn at W. 10th St. In 500 ft turn right on W. 8th St. Units 67 and 69 on the right.
Standard status
Active Under Contract
APN
1708140150
Size
2,048 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5425
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric, Multi Units, Separate Meters
Water source
Public
Amenities
private upstairs balcony
spacious fenced backyard
Building Details
Year built
1987
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile
Building materials
Stucco, Wood Siding
Roof type
Shingle
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
(904) 739-0717
Listed By:
SUSAN GAYLE CARROLL
(904) 657-7723
Added: Jun 22
Changed: Aug 25
Last Checked: Aug 31 at 9:06AM
MLS# 2151889
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 2,048-square-foot duplex contains two townhouse-style units, each measuring 1,024 square feet with two bedrooms, one full bathroom, and one half bathroom. Separate entrances provide individual access, while rear bedroom balconies overlook the fenced backyard. Unit #69 has luxury plank flooring, new upstairs carpet, a renovated kitchen with stainless steel appliances and granite countertops, refreshed bathrooms, and updated light fixtures. Unit #67 includes tile flooring and partial improvements.
Built in 1987 on a 0.12-acre lot, the property has central heating and air conditioning, separate cooling meters, public water and sewer, shingle roofing, driveway and on-street parking, and stucco and wood siding. The Atlantic Beach address is near Mayport Naval Station, Atlantic Beach Town Center, restaurants, shopping, Hanna Park, Dutton Island, and ferry access. No HOA or CDD fees are reported.
Built in 1987 on a 0.12-acre lot, the property has central heating and air conditioning, separate cooling meters, public water and sewer, shingle roofing, driveway and on-street parking, and stucco and wood siding. The Atlantic Beach address is near Mayport Naval Station, Atlantic Beach Town Center, restaurants, shopping, Hanna Park, Dutton Island, and ferry access. No HOA or CDD fees are reported.
Key Highlights
- Two‑unit duplex with 2,048 square feet total; each unit measures 1,024 square feet
- Each unit includes 2 bedrooms, 1.5 bathrooms, a private entrance, and a rear bedroom balcony
- Unit #69 features a renovated kitchen, stainless steel appliances, granite countertops, and updated finishes
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two private-entry units include balconies and access to a fenced backyard.
Where is this duplex located?
The property is located at 67 W 8TH Street 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 with 2,048 square feet total; each unit measures 1,024 square feet; Each unit includes 2 bedrooms, 1.5 bathrooms, a private entrance, and a rear bedroom balcony; Unit #69 features a renovated kitchen, stainless steel appliances, granite countertops, and updated finishes
