Renovated Duplex on Large
74367438 7436/7438 Grant Ave, Jacksonville, FL 32208
For Sale
$175,000
Vacant, renovated two-unit property positioned for immediate occupancy with highway access from a quiet side street.
Property Size1,500 SF
Price / SF$116.67
Days on Market57
Property Features for 74367438 7436/7438 Grant Ave
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
Listed By:
TOBIN BOSSOLA · License FL #3164103
(904) 910-8084
Source:
Onewinningteam
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 4:17PM
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 offers 1,500 square feet on a large lot and is currently vacant following renovation. Built in 1958, the two-unit property is positioned for immediate occupancy and provides a straightforward multifamily configuration for an owner or investor.
The property is located on a quiet side street with quick access to the highway. The city is in the process of extending sewer service to the community at no cost to owners, with road improvements planned after that work is completed.
The property is located on a quiet side street with quick access to the highway. The city is in the process of extending sewer service to the community at no cost to owners, with road improvements planned after that work is completed.
Key Highlights
- Renovated duplex with 1,500 square feet
- Vacant and ready for immediate occupancy
- Large lot on a quiet side street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,085
Cap Rate
8.05%
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 8.05%
Second Best
Apartment 5plus
$158.5K
$138.7K – $185.0K
NOI $11,098 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$410.9K
$359.6K – $479.4K
NOI $28,764 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
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
$139,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Jacksonville, FL
Properties on Market for Duplexes in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant, renovated two-unit property positioned for immediate occupancy with highway access from a quiet side street.
Where is this duplex located?
The property is located at 74367438 7436/7438 Grant Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Renovated duplex with 1,500 square feet; Vacant and ready for immediate occupancy; Large lot on a quiet side street
