1357 W 22nd St · Jacksonville, FL 32209

$199,000

6 bd · 2.0 ba · 2,022 sqft · MultiFamily public records · 122 Days on market

Built 1953 3,484 sqft lot Est $200k · at est.

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.7/30.0
• ARV discount +7.8/15.0
• DSCR +6.9/10.0
• 1% rule +6.6/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 2 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Investors wanted!!* This recently renovated INCOME PRODUCING DUPLEX is tenant occupied and ready for its new owners. EACH unit has 3 bedrooms and 1 bathroom. This cash flow investment multi family home has major possibilities. Send us your offers today! (Agents; read Private Remarks for more information.) Seller makes no warranties or repairs. It is up to the buyer to ensure all due diligence performed. 24 hours minimum for showings! Do not disturb the tenants.

Key facts

• Close to school
• Close to urban core
• 3,484 sq ft lot

Tags

• NEW MINI SPLIT WALL AC UNIT
• INCOME PRODUCING PROPERTY
• CLOSE TO SCHOOL
• CLOSE TO MAJOR HIGHWAYS
• CLOSE TO URBAN CORE
• CLOSE TO MASS TRANSPORTATION

Property features AI

Finance

• Financial info: Owner pays trash collection
• HOA & community: Not a senior community

Exterior

• Parking: Detached off-street parking
• Utilities: Public sewer; Electricity connected; Water connected; Sewer connected; Other utilities connected
• Home design: Duplex (multi-family); Two stories; Entry level: 2; Faces east; Property attached
• Construction: Shingle roof; One building
• Exterior features: Back yard fencing; Asphalt city street frontage

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (individual, varies by unit, separate meters); Electric heating; Central air conditioning (electric, varies by unit)
• Interior features: Unfurnished; Historic-area lot
• Laundry & utility: Washer hookup; Electric dryer hookup (upper level)

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/0.5-bath units multifamily listed at $199k.

Deal economics

• At list price, monthly cash flow is $304 ($4k/yr) — positive. Per door: $152/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Recommended offer: $175k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.9% in Jacksonville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 83/100 on livability (#50 in FL, #911 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+.
• Duval (urban): math 46% / reading 45% proficiency, ranked #48 of 73 in FL (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: George Washington Carver Elementary (math 37% / reading 22%, grade F, #1,896 of 2,144 statewide, top 90%, 290 students, 87% FRL); Joseph Stilwell Middle School (math 31% / reading 33%, grade F, #448 of 571 statewide, top 79%, 612 students, 68% FRL); William M. Raines High School (math 14% / reading 13%, grade F, #616 of 667 statewide, top 92%, 1,217 students, 78% FRL) — zoned schools average 78% FRL vs 49% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 25% at this address vs 46% district-wide (-20 pts) — the specific schools serving this property underperform the Duval average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.8%/yr); 399 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• At $2,301/mo this rent would consume 90% of the median local household income ($31k/yr) (locally 2921% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Duval County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 122 days — a 12% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago; this cycle's ask has dropped $16k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 122 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 8.13%
• Cash-on-cash: 6.55%
• DSCR: 1.29
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $200,178
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1351 W 25th St	0.14mi	6/2.0	1,968 (-3%)	13mo	$194,000	$99	78
2920 Moncrief Rd	0.29mi	6/3.0	1,770 (-12%)	19mo	$235,000	$133	46
1599 W 30th St	0.50mi	7/4.0 (+1)	2,190 (+8%)	6mo	$170,000	$78	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.81% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.72×
• Total profit: $-15,478
• Equity at exit: $29,672

10-year hold

• IRR: 0.3%
• Equity multiple: 1.02×
• Total profit: $1,043
• Equity at exit: $17,206

Cash invested: $55,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32209

• Home prices YoY: -22.1%
• Rents YoY: 1.8%
• Active inventory: 399
• Price-to-rent: 14.4×

Monthly cashflow live

• Estimated rent: $2,301 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$387 /mo · $4,646/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $304

Break-even live

Break-even rent $1,916

Max offer price $199,000

Occupancy floor 82%

Sensitivity live

Price	-10% $417	-5% $360	+0% $304	+5% $248	+10% $191
Rent	-10% $122	-5% $213	+0% $304	+5% $395	+10% $486
Rate	-1.0pp $404	-0.5pp $355	base $304	+0.5pp $253	+1.0pp $200

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	0.5	$2,300
Total (2 units)			$2,301

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1511 W 15th St Jacksonville, FL	5.0	3.0	1720	$2,100	$1.22	26d	1	0.40mi
1029 W 25th St Unit 1 Jacksonville, FL	5.0	2.0	1410	$2,200	$1.56	26d	1	0.45mi
1025 W 25th St Unit 1 Jacksonville, FL	5.0	2.0	1500	$2,000	$1.33	26d	1	0.45mi

Listing history 30 events

1. 2026-06-22
   days on market $199,000 Active 122 DOM
2. 2026-06-21
   days on market $199,000 Active 121 DOM
3. 2026-06-18
   days on market $199,000 Active 118 DOM
4. 2026-06-17
   days on market $199,000 Active 117 DOM
5. 2026-06-16
   days on market $199,000 Active 116 DOM
6. 2026-06-15
   days on market $199,000 Active 115 DOM
7. 2026-06-10
   days on market $199,000 Active 109 DOM
8. 2026-06-08
   days on market $199,000 Active 108 DOM
9. 2026-06-07
   days on market $199,000 Active 107 DOM
10. 2026-06-03
    days on market $199,000 Active 103 DOM
11. 2026-06-02
    days on market $199,000 Active 102 DOM
12. 2026-06-01
    days on market $199,000 Active 101 DOM
13. 2026-05-31
    days on market $199,000 Active 100 DOM
14. 2026-04-14
    price $199,000
15. 2026-02-20
    listed $215,000 Active
16. 2025-02-20
    historical $995
17. 2024-12-05
    listed $995
18. 2024-07-20
    historical 465-char remark

    Show marketing remark (465 chars)

    Investors wanted!!* This recently renovated INCOME PRODUCING DUPLEX is tenant occupied and ready for its new owners. EACH unit has 3 bedrooms and 1 bathroom. This cash flow investment multi family home has major possibilities. Send us your offers today! (Agents; read Private Remarks for more information.) Seller makes no warranties or repairs. It is up to the buyer to ensure all due diligence performed. 24 hours minimum for showings! Do not disturb the tenants.

19. 2024-04-02
    historical $1,000
20. 2024-03-21
    price $1,000
21. 2024-02-23
    price $1,100
22. 2024-02-14
    listed $1,200
23. 2024-01-20
    listed $290,000 Active 465-char remark

    Show marketing remark (465 chars)

    Investors wanted!!* This recently renovated INCOME PRODUCING DUPLEX is tenant occupied and ready for its new owners. EACH unit has 3 bedrooms and 1 bathroom. This cash flow investment multi family home has major possibilities. Send us your offers today! (Agents; read Private Remarks for more information.) Seller makes no warranties or repairs. It is up to the buyer to ensure all due diligence performed. 24 hours minimum for showings! Do not disturb the tenants.

24. 2023-05-08
    soldstatus $280,000
25. 2023-04-24
    soldstatus $280,000 Sold 464-char remark

    Show marketing remark (464 chars)

    *Calling all investors!!* This renovated INCOME PRODUCING DUPLEX is tenant occupied and ready for its new owners! EACH unit holds 3 bedrooms and 1 bathroom! This cash flow investment multi family home has endless possibilities, make your offers today! (Agents; read Private Remarks for more information.) Seller makes no warranties or repairs. It is up to the buyer to ensure all due diligence performed. 24 hours minimum for showings! Do not disturb the tenants.

26. 2023-03-16
    status Pending 464-char remark

    Show marketing remark (464 chars)

    *Calling all investors!!* This renovated INCOME PRODUCING DUPLEX is tenant occupied and ready for its new owners! EACH unit holds 3 bedrooms and 1 bathroom! This cash flow investment multi family home has endless possibilities, make your offers today! (Agents; read Private Remarks for more information.) Seller makes no warranties or repairs. It is up to the buyer to ensure all due diligence performed. 24 hours minimum for showings! Do not disturb the tenants.

27. 2023-02-11
    historical Active - Contingent 464-char remark

    Show marketing remark (464 chars)

    *Calling all investors!!* This renovated INCOME PRODUCING DUPLEX is tenant occupied and ready for its new owners! EACH unit holds 3 bedrooms and 1 bathroom! This cash flow investment multi family home has endless possibilities, make your offers today! (Agents; read Private Remarks for more information.) Seller makes no warranties or repairs. It is up to the buyer to ensure all due diligence performed. 24 hours minimum for showings! Do not disturb the tenants.

28. 2022-09-08
    listed $295,000 Active 464-char remark

    Show marketing remark (464 chars)

    *Calling all investors!!* This renovated INCOME PRODUCING DUPLEX is tenant occupied and ready for its new owners! EACH unit holds 3 bedrooms and 1 bathroom! This cash flow investment multi family home has endless possibilities, make your offers today! (Agents; read Private Remarks for more information.) Seller makes no warranties or repairs. It is up to the buyer to ensure all due diligence performed. 24 hours minimum for showings! Do not disturb the tenants.

29. 2022-06-14
    soldstatus $146,000
30. 1979-08-08
    soldstatus $10,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $4,646 · $387/mo
• Projected year-2 tax: $4,646 · $387/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,612
• − Mortgage interest: −$11,147
• − Property taxes: −$4,646
• − Insurance: −$995
• − Repairs & maintenance: −$2,209
• − Management: −$2,209
• − Depreciation: −$5,789
• Taxable income: $617
• Est. tax owed @ 24.0%: −$148
• After-tax cash flow: $3,502/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Duval
• NCES district ID: 1200480
• Math proficiency: 46% ▼ -11.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $48,987
• Composite: 38.97/100
• National rank: #4076
• State rank: #48 of 73 in FL

Livability — Jacksonville

• Score: 83/100
• State rank: #50
• US rank: #911

Category grades

Amenities A+ Commute A+ Cost of living A Crime C Employment C Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jacksonville, FL
• County: Duval County · 1,015,274 people
• City population: 979,034
• Metro: Jacksonville, FL
• Population (ZIP): 34,657
• Household income: $30,514
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2921.0

Population outlook (Duval County) Hauer SSP2

• Today (2025): 1,013,010 people
• By 2030: 1,059,228 · +4.6%
• By 2040: 1,141,439 · +12.7%
• By 2050: 1,205,258 · +19.0%
• By 2075: 1,324,282 · +30.7%
• By 2100: 1,319,620 · +30.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (88%)
• Race & ethnicity: Black 88% White 5% Hispanic / Latino 5% Two or more races 2%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4% French/Haitian/Cajun 1%

Political lean MEDSL · Duval

• 2024 margin: Toss-up / Even · D 48.7% · R 50.1% · Other 1.2%
• 2008→2024 swing: +0.4pp no change · 2008: -1.9pp · 2024: -1.5pp
• All cycles: 2024: R+1.5 2020: D+3.8 2016: R+1.5 2012: R+3.6 2008: R+1.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -53.92%
• Current HPI: 189.5977
• Rent YoY: ▲ 1.81%
• Metro: Jacksonville, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+1890.0% since first listed

17 events — show timeline

• 2026-04-14 Price Changed $199,000 realMLS
• 2026-02-20 Listed $215,000 realMLS
• 2025-02-20 Rental Removed $995 NEFLMLS
• 2024-12-05 Listed for Rent $995 NEFLMLS
• 2024-07-20 Listing Removed — realMLS
• 2024-04-02 Rental Removed $1,000 NEFLMLS
• 2024-03-21 Price Changed $1,000 NEFLMLS
• 2024-02-23 Price Changed $1,100 NEFLMLS
• 2024-02-14 Listed for Rent $1,200 NEFLMLS
• 2024-01-20 Listed $290,000 realMLS
• 2023-05-08 Sold (Public Records) $280,000 Public Records
• 2023-04-24 Sold (MLS) $280,000 realMLS
• 2023-03-16 Pending — realMLS
• 2023-02-11 Contingent — realMLS
• 2022-09-08 Listed $295,000 realMLS
• 2022-06-14 Sold (Public Records) $146,000 Public Records
• 1979-08-08 Sold (Public Records) $10,000 Public Records

Property tax history

+16.4%/yr

Latest (2025): $4,646 · +11.3% YoY. Source: county tax records.