Historic Brick
For Sale
$315,000
778 Acosta St, Jacksonville, FL 32204
Two separate units provide flexible occupancy, with one apartment vacant and the other leased through December 31, 2026.
Property Size1,757 SF
Price / SF$179.28
Days on Market53
Property Features for 778 Acosta St
General Information
Standard status
Active
Size
1,757 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Lackawanna
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1927
Buildings
1
Construction
brick
Listed By:
Florida Coastal Team
(904) 664-9864
Source:
Floridacoastalteam
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 30 at 2:08PM
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 Florida Coastal Team
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Investment Insights
Based on property information with market context.
Built in 1927, this brick duplex contains two distinct apartments: a two-bedroom, one-bath unit and a one-bedroom, one-bath unit. The larger apartment is vacant, while the smaller unit is leased through December 31, 2026, creating a mix of immediate occupancy and existing tenancy. A private driveway provides off-street parking.
The property is located in Riverside with access to neighborhood restaurants, shopping, parks, and entertainment. Downtown Jacksonville is also accessible from the property. The unit configuration supports either separate residential occupancy or an owner-occupant arrangement with one apartment available for use and the other under lease.
The property is located in Riverside with access to neighborhood restaurants, shopping, parks, and entertainment. Downtown Jacksonville is also accessible from the property. The unit configuration supports either separate residential occupancy or an owner-occupant arrangement with one apartment available for use and the other under lease.
Key Highlights
- 1927 brick duplex with two separate residential units
- Two‑bedroom, one‑bath unit is currently vacant
- One‑bedroom, one‑bath unit leased through December 31, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,498
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,960
$330.0K
Cap Rate 7%
$235,686
$235.7K
Cap Rate 9%
$183,311
$183.3K
Market Conditions
NOI Build-Up for 1,757 SF
Gross rent
$25.9K $14.76/SF
− Vacancy
−$2.4K −$1.35/SF
EGI
$23.6K $13.41/SF
− OpEx
−$7.1K −$4.02/SF
NOI
$16.5K $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%
$329,960
Cap Rate 7%
$235,686
Cap Rate 9%
$183,311
Alternative Uses
Best Use
Multifamily LT 5
$235.7K
$206.2K – $275.0K
NOI $16,498 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$185.7K
$162.5K – $216.7K
NOI $12,999 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$481.3K
$421.2K – $561.5K
NOI $33,692 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,592
Businesses Nearby
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Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units provide flexible occupancy, with one apartment vacant and the other leased through December 31, 2026.
Where is this duplex located?
The property is located at 778 Acosta St Jacksonville, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1927 brick duplex with two separate residential units; Two‑bedroom, one‑bath unit is currently vacant; One‑bedroom, one‑bath unit leased through December 31, 2026
