1427 Hart St · Jacksonville, FL 32209

$189,000

6 bd · 2.0 ba · 1,368 sqft · MultiFamily public records · 45 Days on market

Built 1942 3,920 sqft lot

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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 +22.2/30.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• 1% rule +6.0/10.0
• 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! 5 minutes from Grehyhound bus station, next to the highway, close to restaurants and nightlife, 5 minutes from the Jaguar Stadium and all the new development plans to reshape downtown Jacksonville Riverfront. Newly Renovated Duplex in 2020 including: new roof, new AC, new electric, new plumbing, new interior and exterior paint, new bathroom tile, toilets, tub and shower, new windows/glass, new exterior gate/wood. Both units are a 3/1. Near Edward Waters College. Buyer to verify all information with regard to sq ft, zoning etc. Photos are digitally staged.

Key facts

• Plumbing
• Roof
• Hvac

Tags

• UPDATED IN 2020
• ROOF
• HVAC
• ELECTRICAL
• PLUMBING
• INTERIOR AND EXTERIOR PAINT

Property features AI

Finance

• Financial info: Annual tax information available

Exterior

• Parking: On-street parking; Other parking
• Utilities: Electricity connected; Sewer connected; Water connected
• Home design: Duplex; 1 story; Entry level: 1st level
• Construction: One building
• Exterior features: Lot includes other features; 0.09-acre lot

Interior

• Bedrooms: 6 total bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Multi-family use (duplex); Single-level living; Entry at first level; Unfurnished

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $189k.

Deal economics

• At list price, monthly cash flow is $309 ($4k/yr) — positive. Per door: $154/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $183k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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: Smart Pope Livingston Elementary (428 students, 91% 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 79% FRL vs 49% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 23% at this address vs 46% district-wide (-23 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 26d 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).

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 45 days — a 3% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y 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 $155k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1942 — 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 $183,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% 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 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
8. 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.
9. 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: 1.10% ✓
• Cap rate: 8.25%
• Cash-on-cash: 7.00%
• DSCR: 1.31
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -6.9%
• Equity multiple: 0.75×
• Total profit: $-13,370
• Equity at exit: $28,181

10-year hold

• IRR: 1.1%
• Equity multiple: 1.08×
• Total profit: $4,029
• Equity at exit: $16,341

Cash invested: $52,920 (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: 15.2×

Monthly cashflow live

• Estimated rent: $2,076 high
• Mortgage (P&I): −$991
• Tax from tax record: −$261 /mo · $3,137/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $309

Break-even live

Break-even rent $1,685

Max offer price $189,000

Occupancy floor 80%

Sensitivity live

Price	-10% $416	-5% $362	+0% $309	+5% $255	+10% $202
Rent	-10% $145	-5% $227	+0% $309	+5% $391	+10% $473
Rate	-1.0pp $404	-0.5pp $357	base $309	+0.5pp $260	+1.0pp $210

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,076
Total (2 units)			$2,076

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: $47,250
• Closing costs: $5,670
• 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	25d	1	0.77mi
1029 W 25th St Unit 1 Jacksonville, FL	5.0	2.0	1410	$2,200	$1.56	25d	1	1.32mi
1025 W 25th St Unit 1 Jacksonville, FL	5.0	2.0	1500	$2,000	$1.33	25d	1	1.33mi

Listing history 41 events

1. 2026-06-21
   days on market $189,000 Active 45 DOM
2. 2026-06-18
   days on market $189,000 Active 42 DOM
3. 2026-06-17
   days on market $189,000 Active 41 DOM
4. 2026-06-16
   days on market $189,000 Active 40 DOM
5. 2026-06-15
   days on market $189,000 Active 39 DOM
6. 2026-06-13
   days on market $189,000 Active 36 DOM
7. 2026-06-10
   days on market $189,000 Active 33 DOM
8. 2026-06-08
   days on market $189,000 Active 32 DOM
9. 2026-06-07
   days on market $189,000 Active 31 DOM
10. 2026-06-05
    days on market $189,000 Active 28 DOM
11. 2026-06-03
    days on market $189,000 Active 27 DOM
12. 2026-06-02
    days on market $189,000 Active 26 DOM
13. 2026-06-01
    days on market $189,000 Active 25 DOM
14. 2026-05-31
    days on market $189,000 Active 24 DOM
15. 2026-05-19
    price $189,000
16. 2026-05-07
    listed $195,000 Active
17. 2021-08-24
    soldstatus $155,000 Sold 579-char remark

    Show marketing remark (579 chars)

    Investors! 5 minutes from Grehyhound bus station, next to the highway, close to restaurants and nightlife, 5 minutes from the Jaguar Stadium and all the new development plans to reshape downtown Jacksonville Riverfront. Newly Renovated Duplex in 2020 including: new roof, new AC, new electric, new plumbing, new interior and exterior paint, new bathroom tile, toilets, tub and shower, new windows/glass, new exterior gate/wood. Both units are a 3/1. Near Edward Waters College. Buyer to verify all information with regard to sq ft, zoning etc. Photos are digitally staged.

18. 2021-07-25
    status Pending 579-char remark

    Show marketing remark (579 chars)

    Investors! 5 minutes from Grehyhound bus station, next to the highway, close to restaurants and nightlife, 5 minutes from the Jaguar Stadium and all the new development plans to reshape downtown Jacksonville Riverfront. Newly Renovated Duplex in 2020 including: new roof, new AC, new electric, new plumbing, new interior and exterior paint, new bathroom tile, toilets, tub and shower, new windows/glass, new exterior gate/wood. Both units are a 3/1. Near Edward Waters College. Buyer to verify all information with regard to sq ft, zoning etc. Photos are digitally staged.

19. 2021-07-21
    price $160,000 579-char remark

    Show marketing remark (579 chars)

    Investors! 5 minutes from Grehyhound bus station, next to the highway, close to restaurants and nightlife, 5 minutes from the Jaguar Stadium and all the new development plans to reshape downtown Jacksonville Riverfront. Newly Renovated Duplex in 2020 including: new roof, new AC, new electric, new plumbing, new interior and exterior paint, new bathroom tile, toilets, tub and shower, new windows/glass, new exterior gate/wood. Both units are a 3/1. Near Edward Waters College. Buyer to verify all information with regard to sq ft, zoning etc. Photos are digitally staged.

20. 2021-07-14
    price $185,000 579-char remark

    Show marketing remark (579 chars)

    Investors! 5 minutes from Grehyhound bus station, next to the highway, close to restaurants and nightlife, 5 minutes from the Jaguar Stadium and all the new development plans to reshape downtown Jacksonville Riverfront. Newly Renovated Duplex in 2020 including: new roof, new AC, new electric, new plumbing, new interior and exterior paint, new bathroom tile, toilets, tub and shower, new windows/glass, new exterior gate/wood. Both units are a 3/1. Near Edward Waters College. Buyer to verify all information with regard to sq ft, zoning etc. Photos are digitally staged.

21. 2021-06-30
    listed $195,000 Active 579-char remark

    Show marketing remark (579 chars)

    Investors! 5 minutes from Grehyhound bus station, next to the highway, close to restaurants and nightlife, 5 minutes from the Jaguar Stadium and all the new development plans to reshape downtown Jacksonville Riverfront. Newly Renovated Duplex in 2020 including: new roof, new AC, new electric, new plumbing, new interior and exterior paint, new bathroom tile, toilets, tub and shower, new windows/glass, new exterior gate/wood. Both units are a 3/1. Near Edward Waters College. Buyer to verify all information with regard to sq ft, zoning etc. Photos are digitally staged.

22. 2020-07-15
    soldstatus $55,000
23. 2020-05-25
    status Pending
24. 2020-05-18
    price $50,000
25. 2020-04-29
    historical Active - Contingent
26. 2020-04-07
    price $35,000
27. 2020-04-07
    price $39,000
28. 2020-03-26
    price $40,000
29. 2020-03-24
    price $45,000
30. 2020-03-12
    price $49,000
31. 2020-03-11
    listed $50,000 Active
32. 2018-06-12
    soldstatus $60,000
33. 2011-01-31
    historical
34. 2010-06-22
    listed $25,000
35. 2009-09-29
    historical
36. 2009-09-15
    soldstatus $33,836
37. 2009-09-08
    soldstatus $5,772
38. 2008-07-01
    listed $19,000
39. 2007-06-08
    soldstatus $19,000
40. 1990-03-01
    soldstatus $15,000
41. 1981-04-22
    soldstatus $15,000

ⓘ 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: $3,137 · $261/mo
• Projected year-2 tax: $3,137 · $261/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 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,912
• − Mortgage interest: −$10,587
• − Property taxes: −$3,137
• − Insurance: −$945
• − Repairs & maintenance: −$1,993
• − Management: −$1,993
• − Depreciation: −$5,498
• Taxable income: $759
• Est. tax owed @ 24.0%: −$182
• After-tax cash flow: $3,523/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

+1160.0% since first listed

27 events — show timeline

• 2026-05-19 Price Changed $189,000 realMLS
• 2026-05-07 Listed $195,000 realMLS
• 2021-08-24 Sold (MLS) $155,000 realMLS
• 2021-07-25 Pending — realMLS
• 2021-07-21 Price Changed $160,000 realMLS
• 2021-07-14 Price Changed $185,000 realMLS
• 2021-06-30 Listed $195,000 realMLS
• 2020-07-15 Sold (Public Records) $55,000 Public Records
• 2020-05-25 Pending — realMLS
• 2020-05-18 Price Changed $50,000 realMLS
• 2020-04-29 Contingent — realMLS
• 2020-04-07 Price Changed $35,000 realMLS
• 2020-04-07 Price Changed $39,000 realMLS
• 2020-03-26 Price Changed $40,000 realMLS
• 2020-03-24 Price Changed $45,000 realMLS
• 2020-03-12 Price Changed $49,000 realMLS
• 2020-03-11 Listed $50,000 realMLS
• 2018-06-12 Sold (Public Records) $60,000 Public Records
• 2011-01-31 Listing Removed — realMLS
• 2010-06-22 Listed $25,000 realMLS
• 2009-09-29 Listing Removed — realMLS
• 2009-09-15 Sold (Public Records) $33,836 Public Records
• 2009-09-08 Sold (MLS) $5,772 realMLS
• 2008-07-01 Listed $19,000 realMLS
• 2007-06-08 Sold (Public Records) $19,000 Public Records
• 1990-03-01 Sold (Public Records) $15,000 Public Records
• 1981-04-22 Sold (Public Records) $15,000 Public Records

Property tax history

+16.9%/yr

Latest (2025): $3,137 · +11.0% YoY. Source: county tax records.