Two-Unit Duplex with Central
For Sale
$179,900
7811 JASPER Avenue, Jacksonville, FL 32211
Both residences feature one bedroom, one bathroom, updated interior finishes, and dedicated off-street parking.
Property Size1,280 SF
Days on Market10
Property Features for 7811 JASPER Avenue
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
needs a little work
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,485
Building Details
Building Size
1,280 SF
Year Built
1983
Buildings
1
Listing Agency:
EXP REALTY LLC
(908) 448-1239
Listed By:
HOWARD E SPENCER
Source:
Bebetterflorida
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 21 at 11:08AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
Built in 1983, this duplex contains two residential units, each with one bedroom and one bathroom. The property needs work, while existing improvements include luxury vinyl plank flooring, newer cabinets, and walk-in tile showers. Central AC serves both units, and a brick front contributes to the building’s exterior character.
Off-street parking is provided. The property is located in Jacksonville with access to Atlantic Blvd, connecting the area with shopping, dining, and commuting routes. Its two-unit configuration supports continued residential occupancy or an owner-occupant arrangement, subject to the buyer’s plans and any applicable requirements.
Off-street parking is provided. The property is located in Jacksonville with access to Atlantic Blvd, connecting the area with shopping, dining, and commuting routes. Its two-unit configuration supports continued residential occupancy or an owner-occupant arrangement, subject to the buyer’s plans and any applicable requirements.
Key Highlights
- Two residential units, each with 1 bedroom and 1 bathroom
- Built in 1983
- Luxury vinyl plank flooring, newer cabinets, and walk‑in tile showers
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
$12,019
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
6.68%
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%
$240,380
$240.4K
Cap Rate 7%
$171,700
$171.7K
Cap Rate 9%
$133,544
$133.5K
Market Conditions
NOI Build-Up for 1,280 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
$18.9K $14.76/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$17.2K $13.41/SF
− OpEx
−$5.2K −$4.02/SF
NOI
$12.0K $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%
$240,380
Cap Rate 7%
$171,700
Cap Rate 9%
$133,544
Alternative Uses
Best Use
Multifamily LT 5
$171.7K
$150.2K – $200.3K
NOI $12,019 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$135.3K
$118.4K – $157.8K
NOI $9,470 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$350.6K
$306.8K – $409.1K
NOI $24,545 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature one bedroom, one bathroom, updated interior finishes, and dedicated off-street parking.
Where is this duplex located?
The property is located at 7811 JASPER Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two residential units, each with 1 bedroom and 1 bathroom; Built in 1983; Luxury vinyl plank flooring, newer cabinets, and walk‑in tile showers
