337-339 11th St · Jacksonville, FL 32206

$240,000

4 bd · 2.0 ba · 2,942 sqft · MultiFamily public records · 1 Days on market

Built 1927 5,227 sqft lot Est $188k · 27% over

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Why this score? — see what drove the D 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 +16.0/30.0
• 1% rule +5.9/10.0
• DSCR +5.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• 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

This duplex in Springfield is the perfect home for singles, new families, college students or young professionals. Original hardwood floors throughout both units, and an upstairs screened porch is perfect to catch the fall breeze thats on its way! Property is being SOLD AS IS - Bottom unit is Occupied by tenant. Upstairs unit is vacant and ready to show! Property is priced to sell ...

Key facts

• Separate dining room
• Two story duplex
• 5,227 sq ft lot

Tags

• TWO STORY DUPLEX
• LIVING ROOM WITH FIREPLACE
• SEPARATE DINING ROOM
• KITCHEN WITH TILE FLOORING
• WOOD FLOORING IN SELECT AREAS
• INTERIOR UTILITY ROOM

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Duplex; Two levels; Multi-family use; 1 building
• Construction: Brick and frame construction; 2-story building
• Exterior features: Asphalt road access; Lot features: Other

Interior

• Bedrooms: 4 bedrooms
• Flooring: Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Two fireplaces; Wood flooring

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $240k.

Deal economics

• At list price, monthly cash flow is $120 ($1k/yr) — positive. Per door: $60/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $240k).
• Cap rate 6.9% vs local median 4.0% 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.
• Market conditions: Rents flat; 194 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $2,613/mo this rent would consume 80% of the median local household income ($39k/yr) (locally 1057% 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 $2k of loan paydown is wiped out by about $7k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 22y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $205k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1927 — 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 $240,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.09% ✓
• Cap rate: 6.89%
• Cash-on-cash: 2.14%
• DSCR: 1.10
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $188,288
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
23 E 15th St	0.42mi	4/3.0	2,890 (-2%)	9mo	$185,542	$64	66
139 E 16th St	0.54mi	5/3.0 (+1)	3,156 (+7%)	16mo	$172,750	$55	41

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 · 0.94% rent growth · sell at horizon

5-year hold

• IRR: -15.5%
• Equity multiple: 0.46×
• Total profit: $-36,366
• Equity at exit: $35,785

10-year hold

• IRR: -11.7%
• Equity multiple: 0.38×
• Total profit: $-41,881
• Equity at exit: $20,751

Cash invested: $67,200 (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 32206

• Home prices YoY: -23.7%
• Rents YoY: 0.9%
• Active inventory: 194
• Price-to-rent: 15.3×

Monthly cashflow live

• Estimated rent: $2,613 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$586 /mo · $7,033/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$549
• Net cashflow: $120

Break-even live

Break-even rent $2,462

Max offer price $240,000

Occupancy floor 90%

Sensitivity live

Price	-10% $255	-5% $188	+0% $120	+5% $52	+10% $-16
Rent	-10% $-87	-5% $16	+0% $120	+5% $223	+10% $326
Rate	-1.0pp $240	-0.5pp $181	base $120	+0.5pp $57	+1.0pp $-6

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,614
Total (2 units)			$2,613

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1931 Silver St Jacksonville, FL	3.0	2.0	2132	$2,600	$1.22	24d	1	0.20mi
1827 N Market St Jacksonville, FL	5.0	3.5	2750	$3,100	$1.13	18d	1	0.57mi
424 E 6th St Jacksonville, FL	4.0	3.0	2746	$2,895	$1.05	24d	1	0.86mi
440 E 6th St Jacksonville, FL	3.0	2.0	1968	$2,100	$1.07	24d	1	0.89mi

Listing history 2 events

1. 2026-06-18
   remarks 312-char remark
2. 2026-06-18
   listed $240,000 Active 1 DOM

ⓘ 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: $7,033 · $586/mo
• Projected year-2 tax: $7,033 · $586/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: $31,356
• − Mortgage interest: −$13,444
• − Property taxes: −$7,033
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,508
• − Management: −$2,508
• − Depreciation: −$6,982
• Taxable loss: −$2,320
• Est. tax savings @ 24.0%: +$557
• After-tax cash flow: $1,992/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): 17,105
• Household income: $39,242
• Rent vs Own: 53.7% rent · 46.3% own
• Severe rent burden: 1057.0

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 (65%)
• Race & ethnicity: Black 65% White 22% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Italian 2% Romanian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 3% Arabic 1% German/W. Germanic 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: ▼ -64.55%
• Current HPI: 208.1852
• Rent YoY: ▲ 0.94%
• 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

+943.5% since first listed

26 events — show timeline

• 2026-06-18 Listed $240,000 realMLS
• 2017-11-30 Sold (Public Records) $205,000 Public Records
• 2017-11-30 Sold (MLS) $205,000 realMLS
• 2017-09-30 Pending — realMLS
• 2017-09-19 Contingent — realMLS
• 2017-09-19 Listing Removed — realMLS
• 2017-08-25 Listed $219,000 realMLS
• 2017-08-25 Listed $219,000 realMLS
• 2017-06-20 Listing Removed — realMLS
• 2017-06-05 Price Changed $225,000 realMLS
• 2017-06-02 Price Changed $229,000 realMLS
• 2017-02-21 Relisted — realMLS
• 2017-02-17 Contingent — realMLS
• 2017-01-18 Listed $230,000 realMLS
• 2006-09-19 Listing Removed — realMLS
• 2006-09-19 Listing Removed — realMLS
• 2006-03-19 Listed $289,900 realMLS
• 2006-03-19 Listed $289,900 realMLS
• 2006-03-17 Listing Removed — realMLS
• 2005-09-17 Listed $289,900 realMLS
• 2004-08-20 Listing Removed — realMLS
• 2004-02-27 Listed $325,000 realMLS
• 1998-02-27 Sold (Public Records) $111,200 Public Records
• 1994-04-01 Sold (Public Records) $37,000 Public Records
• 1984-09-01 Sold (Public Records) $35,000 Public Records
• 1981-01-01 Sold (Public Records) $23,000 Public Records

Property tax history

+10.9%/yr

Latest (2025): $7,033 · +10.1% YoY. Source: county tax records.