Duplex with Assigned
New
For Sale
$195,000
7428/7430 GRANT Avenue, Jacksonville, FL 32208
Residential Income, Jacksonville, FL
Property Size1,500 SF
Lot Size0.17 Acres
Price / SF$130
Days on Market2
Property Features for 7428/7430 GRANT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
Parking Lot, Off Street, Assigned
Fencing
Chain Link
Appliances
Electric Oven, Refrigerator
Subdivision
Picketts
Directions
Exit onto Lem Turner from I-95. Turn left on Rowe Ave. Left on Grant Ave.
Standard status
Active
APN
0243450020
Size
1,500 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1936
Utilities
Sewer type
Public Sewer, Private Sewer
Heating system
Varies by Unit (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Block, Concrete
Listing Agency:
COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
(904) 269-7117
Listed By:
TOBIN BOSSOLA · License #3164103
(904) 910-8084
Added: Sep 1
Last Checked: Sep 2 at 9:06PM
MLS# 2162927
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.
The duplex at 7428/7430 Grant Avenue contains 1,500 square feet on a 0.17-acre lot and was built in 1958. Block and concrete construction, laminate flooring, chain-link fencing, and a parking lot with assigned and off-street spaces support the property’s functional layout.
Each unit includes a bedroom and bathroom configuration, with electric ovens and refrigerators provided. Heating varies by unit, while cooling is provided through window or wall/window units. The property is located in Jacksonville’s 32208 ZIP code, with access to the highway from its side-street setting. Both units are currently occupied, and public water service is in place.
Each unit includes a bedroom and bathroom configuration, with electric ovens and refrigerators provided. Heating varies by unit, while cooling is provided through window or wall/window units. The property is located in Jacksonville’s 32208 ZIP code, with access to the highway from its side-street setting. Both units are currently occupied, and public water service is in place.
Key Highlights
- Fully occupied duplex at 7428/7430 Grant Avenue
- 1,500 square feet on a 0.17‑acre lot
- Built in 1958 with block and concrete construction
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
$14,085
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
7.22%
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%
$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
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
$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 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%
$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 7.22%
Second Best
Apartment 5plus
$158.5K
$138.7K – $185.0K
NOI $11,098 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$410.9K
$359.6K – $479.4K
NOI $28,764 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Both units are occupied and served by public water.
Where is this duplex located?
The property is located at 7428/7430 GRANT Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Fully occupied duplex at 7428/7430 Grant Avenue; 1,500 square feet on a 0.17‑acre lot; Built in 1958 with block and concrete construction
