Duplex with Private
New
For Sale
$460,000
816 - 818 BAY Street, Green Cove Springs, FL 32043
Each residence offers a three-bedroom layout, two full bathrooms and its own garage.
Property Size2,048 SF
Days on Market3
Property Features for 816 - 818 BAY Street
General Information
Standard status
Active
Size
2,048 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Gross Income
$39,600
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,692
Building Details
Building Size
2,048 SF
Year Built
2018
Buildings
1
Listing Agency:
NORTH FLORIDA REALTY ADVISORS
Listed By:
STANLEY H BISHOP · License #3131038
(904) 237-2933
Source:
Houseandhavenrealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 5:50AM
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 NORTH FLORIDA REALTY ADVISORS
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.
Built in 2018, this 2,048-square-foot duplex contains two residences, each with 3 bedrooms, 2 full bathrooms and a private 1-car garage. Both units are leased, and the property is configured as a two-unit rental asset.
The property is at 816 - 818 Bay Street in Green Cove Springs. Historic downtown Green Cove Springs, the St. Johns River, Spring Park, local shopping and restaurants are cited as nearby destinations. US Highway 17 and the developing First Coast Expressway are identified as transportation routes serving the area.
The property is at 816 - 818 Bay Street in Green Cove Springs. Historic downtown Green Cove Springs, the St. Johns River, Spring Park, local shopping and restaurants are cited as nearby destinations. US Highway 17 and the developing First Coast Expressway are identified as transportation routes serving the area.
Key Highlights
- Two‑unit duplex built in 2018
- 2,048 square feet
- Each unit has 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,148
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,960
$363.0K
Cap Rate 7%
$259,257
$259.3K
Cap Rate 9%
$201,644
$201.6K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$29.0K $14.16/SF
− Vacancy
−$3.1K −$1.50/SF
EGI
$25.9K $12.66/SF
− OpEx
−$7.8K −$3.80/SF
NOI
$18.1K $8.86/SF
Area
Clay County, FL
Vacancy
10.60%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,960
Cap Rate 7%
$259,257
Cap Rate 9%
$201,644
Alternative Uses
Best Use
Multifamily LT 5
$259.3K
$226.9K – $302.5K
NOI $18,148 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$228.7K
$200.1K – $266.8K
NOI $16,007 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$546.3K
$478.0K – $637.3K
NOI $38,240 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Explore this area
Business Placement
Demographics for 32043, FL
30,369
Population
13,331
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
92%
High-School Grad
229.3 sq mi
ZIP Area
132
Density / Sq Mi
$80,698
Median Household Income
$46,310
Median Earnings
$1,370
Median Rent
$292,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a three-bedroom layout, two full bathrooms and its own garage.
Where is this duplex located?
The property is located at 816 - 818 BAY Street Green Cove Springs, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2018; 2,048 square feet; Each unit has 3 bedrooms and 2 full bathrooms
