Occupied Duplex on Large
For Sale
$174,000
7428/7430 Grant Ave, Jacksonville, FL 32208
Two-unit rental property with current occupancy and convenient highway access.
Property Size1,500 SF
Price / SF$116
Days on Market54
Property Features for 7428/7430 Grant Ave
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1958
Buildings
1
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
Listed By:
TOBIN BOSSOLA · License #3164103
(904) 910-8084
Source:
Myfirstcoasthomesearch
Added: Aug 31
Changed: Oct 19
Last Checked: Oct 23 at 7:43AM
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 COLDWELL BANKER VANGUARD REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex at 7428/7430 Grant Avenue offers two residential units on a large lot. Both sides are currently occupied, providing an existing rental configuration for an owner seeking a residential income property. The building was constructed in 1958.
The property is positioned on a quiet side street in Jacksonville with quick access to the highway. The city is working to extend sewer service to the community at no cost to owners, with road improvements planned after that work is completed.
The property is positioned on a quiet side street in Jacksonville with quick access to the highway. The city is working to extend sewer service to the community at no cost to owners, with road improvements planned after that work is completed.
Key Highlights
- Both duplex units are currently occupied
- Large lot on a quiet side street
- Quick access to the highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,085
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,700
$281.7K
Cap Rate 7%
$201,214
$201.2K
Cap Rate 9%
$156,500
$156.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$22.1K $14.76/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$20.1K $13.41/SF
− OpEx
−$6.0K −$4.02/SF
NOI
$14.1K $9.39/SF
Area
Jacksonville, FL
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 Rate 5%
$281,700
Cap Rate 7%
$201,214
Cap Rate 9%
$156,500
Alternative Uses
Best Use
Multifamily LT 5
$201.2K
$176.1K – $234.8K
NOI $14,085 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$158.5K
$138.7K – $185.0K
NOI $11,098 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$410.9K
$359.6K – $479.4K
NOI $28,764 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit rental property with current occupancy and convenient highway access.
Where is this duplex located?
The property is located at 7428/7430 Grant Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $174,000.
What are key features of this property?
This property features: Both duplex units are currently occupied; Large lot on a quiet side street; Quick access to the highway
