Brick Duplex with Private
For Sale
$330,000
778 ACOSTA Street, Jacksonville, FL 32204
Residential Income, Jacksonville, FL
Property Size1,757 SF
Lot Size0.13 Acres
Price / SF$187.82
Days on Market25
Property Features for 778 ACOSTA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Parking features
Assigned, Off Street
Subdivision
Riverside Park Place
Lot features
Historic Area
Directions
From 5 Points: Park St west, right onto Acosta St. to property on left.
Standard status
Active
APN
0650920000
Size
1,757 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6131
Utilities
Heating system
Central
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1927
Number of units
2
Listing Agency:
TRADITIONS REALTY LLC
(904) 683-5230
Listed By:
Sacha Higham · License #3138593
(904) 548-7636
Added: Sep 8
Changed: Oct 2
Last Checked: Oct 2 at 6:06PM
MLS# 2163927
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.
Built in 1927, this brick duplex contains approximately 1,757 square feet across two distinct residences. One unit offers two bedrooms and one bathroom and is vacant, while the second includes one bedroom and one bathroom with a lease running through December 31, 2026. Central heating serves the property, and public water is available.
The 0.13-acre parcel includes a private driveway with off-street parking. The property is in Riverside, with restaurants, shopping, parks, entertainment, and Downtown Jacksonville identified as nearby destinations. The separate unit layouts support either owner occupancy with an additional leased residence or continued use as a two-unit residential income property.
The 0.13-acre parcel includes a private driveway with off-street parking. The property is in Riverside, with restaurants, shopping, parks, entertainment, and Downtown Jacksonville identified as nearby destinations. The separate unit layouts support either owner occupancy with an additional leased residence or continued use as a two-unit residential income property.
Key Highlights
- 1927 brick duplex with approximately 1,757 square feet
- Two‑bedroom, one‑bath unit is vacant
- One‑bedroom, one‑bath unit leased through December 31, 2026
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
$16,498
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
5.00%
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%
$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
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
$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 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%
$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 5.00%
Second Best
Apartment 5plus
$185.7K
$162.5K – $216.7K
NOI $12,999 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$481.3K
$421.2K – $561.5K
NOI $33,692 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,592
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured units provide flexible occupancy with off-street parking and access to Riverside amenities.
Where is this duplex located?
The property is located at 778 ACOSTA Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1927 brick duplex with approximately 1,757 square feet; Two‑bedroom, one‑bath unit is vacant; One‑bedroom, one‑bath unit leased through December 31, 2026
