1036 W 12th St · Jacksonville, FL 32209

$259,000

4 bd · 2.0 ba · 1,392 sqft · MultiFamily public records · 107 Days on market

Built 1956 0.28 ac lot Est $175k · 48% over

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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 +29.1/30.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• 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: 3 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

Value add opportunity for the multi-family investor! 2 duplexes on ONE parcel - 4 doors in all. This block build quadraplex provides potential cash flow. Each building contains two 2 bed, one bath units, equaling 8 bedrooms and 4 baths total. All units have NEW dual paned windows! Unit 1036/1038 has new roof, decking, new electrical panel and much more. Units 1040/1042 are a blank canvas to finish out with your vision. Seller is motivated - cash or hard money offers only! Great opportunity for the seasoned investor! Showings by appointment only!

Key facts

• 0.28 acre lot
• 8 parking spots
• Built 1956

Property features AI

Finance

• Financial info: Annual taxes listed (see listing for amount and year)

Exterior

• Parking: Off-street parking lot with space for 8 vehicles
• Utilities: Electricity available; Sewer available; Water available
• Home design: Quadruplex (residential); 2 buildings
• Construction: Block construction; Other roof
• Exterior features: Chain link and wood fencing; Irregular lot; City street frontage; Asphalt road surface

Interior

• Bedrooms: 8 total bedrooms
• Flooring: Vinyl and other
• Bathrooms: 4 full bathrooms
• Heating & cooling: Heating available (type: other); Cooling available (type: other)
• Interior features: Vinyl and other flooring

What this means for you Summary

Snapshot

• This is a 3 × 3-bed/1.3-bath units multifamily listed at $259k.

Deal economics

• At list price, monthly cash flow is $892 ($11k/yr) — positive. Per door: $297/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $259k).
• Recommended offer: $236k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.4% 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: Northwestern Legends Elementary (math 21% / reading 14%, grade F, #2,117 of 2,144 statewide, top 99%, 528 students, 88% 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 21% at this address vs 46% district-wide (-24 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $2k of loan paydown is wiped out by about $8k 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.
• At projected returns (-3.0% appreciation + 1.8% rent growth), your $73k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 107 days — a 9% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $119k; list at $259k implies a 118% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $235,690 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% 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 1956 — 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: 1.32% ✓
• Cap rate: 10.43%
• Cash-on-cash: 14.77%
• DSCR: 1.66
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $175,392
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1431-1433 McConihe St	0.56mi	4/2.0	1,352 (-3%)	6mo	$60,280	$45	65
1325 W 25th St	0.75mi	4/2.0	1,440 (+3%)	0mo	$174,000	$121	59
1538 Ella St	0.69mi	4/2.0	1,344 (-3%)	8mo	$170,000	$126	56
1544 Ella St	0.70mi	4/2.0	1,344 (-3%)	18mo	$190,000	$141	47

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: 3.9%
• Equity multiple: 1.15×
• Total profit: $10,891
• Equity at exit: $38,618

10-year hold

• IRR: 12.3%
• Equity multiple: 1.92×
• Total profit: $66,746
• Equity at exit: $22,394

Cash invested: $72,520 (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: 19.0×

Monthly cashflow live

• Estimated rent: $3,408 medium
• Mortgage (P&I): −$1,358
• Tax from tax record: −$334 /mo · $4,006/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$716
• Net cashflow: $892

Break-even live

Break-even rent $2,278

Max offer price $259,000

Occupancy floor 69%

Sensitivity live

Price	-10% $1,039	-5% $966	+0% $892	+5% $819	+10% $746
Rent	-10% $623	-5% $758	+0% $892	+5% $1,027	+10% $1,162
Rate	-1.0pp $1,023	-0.5pp $958	base $892	+0.5pp $825	+1.0pp $757

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

Units	Beds	Baths	Est. rent
▸ 3× units	3	1.3	$3,408
Total (3 units)			$3,408

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: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2313 Janette St Jacksonville, FL	4.0	2.0	1148	$1,349	$1.18	18d	1	0.05mi
2904 Moncrief Rd Jacksonville, FL	3.0	1.0	952	$1,100	$1.16	25d	1	0.34mi
1018 W 23rd St Jacksonville, FL	3.0	2.5	1161	$1,600	$1.38	25d	1	0.49mi
503 W 16th St Jacksonville, FL	4.0	1.5	1216	$1,420	$1.17	25d	1	0.54mi
1454 Francis St Jacksonville, FL	3.0	2.0	1084	$1,243	$1.15	25d	1	0.57mi
1410 W 20th St Jacksonville, FL	3.0	2.0	1170	$1,485	$1.27	15d	1	0.58mi
1029 W 25th St Unit 1 Jacksonville, FL	5.0	2.0	1410	$2,200	$1.56	25d	1	0.61mi
1025 W 25th St Unit 1 Jacksonville, FL	5.0	2.0	1500	$2,000	$1.33	25d	1	0.61mi
522 W 21st St Jacksonville, FL	3.0	2.0	1045	$1,350	$1.29	25d	1	0.62mi
1511 W 15th St Jacksonville, FL	5.0	3.0	1720	$2,100	$1.22	25d	1	0.64mi
1431 W 21st St Jacksonville, FL	3.0	2.0	1199	$1,425	$1.19	16d	1	0.65mi
1031 W 26th St Jacksonville, FL	3.0	2.0	1261	$1,445	$1.15	25d	1	0.65mi
1525 W 15th St Jacksonville, FL	3.0	1.0	1100	$1,245	$1.13	25d	1	0.66mi
1355 Grothe St Jacksonville, FL	4.0	1.0	1312	$1,350	$1.03	19d	1	0.69mi
1173 W 27th St Jacksonville, FL	3.0	1.0	1080	$1,145	$1.06	15d	1	0.72mi
1619 Whitner St Jacksonville, FL	3.0	2.0	1547	$1,150	$0.74	3d	1	0.73mi
1201 W 27th St Jacksonville, FL	3.0	2.0	1120	$1,145	$1.02	25d	1	0.73mi
1537 W 7th St Jacksonville, FL	3.0	1.0	950	$1,050	$1.11	9d	1	0.74mi
1537 7th St W Unit B Jacksonville, FL	3.0	1.0	950	$1,050	$1.11	25d	1	0.74mi
231 W 10th St Jacksonville, FL	3.0	1.0	1200	$1,500	$1.25	25d	1	0.75mi
1220 W 28th St Jacksonville, FL	3.0	1.0	1122	$1,299	$1.16	25d	1	0.76mi
1149 W 28th St Jacksonville, FL	4.0	2.0	1344	$1,302	$0.97	25d	1	0.76mi
1478 W 5th St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	25d	1	0.76mi
1478 W 5th St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	6d	1	0.76mi
1288 W 28th St Jacksonville, FL	4.0	1.5	1449	$1,267	$0.87	15d	1	0.79mi
347 W 23rd St Jacksonville, FL	3.0	1.5	1176	$1,112	$0.95	9d	1	0.83mi
1358 Prince St Jacksonville, FL	3.0	2.5	1044	$1,350	$1.29	25d	1	0.85mi
1358 Prince St Jacksonville, FL	3.0	3.5	1044	$1,350	$1.29	23d	1	0.85mi
204 W 23rd St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	3d	1	0.92mi
30 W 12th St Jacksonville, FL	4.0	3.0	1792	$2,580	$1.44	3d	1	0.92mi
1740 W 9th St Jacksonville, FL	4.0	2.0	1148	$1,285	$1.12	22d	1	0.92mi
1514 Silver St Jacksonville, FL	3.0	2.0	1726	$2,275	$1.32	25d	1	0.94mi
3020 N Laura St Jacksonville, FL	3.0	1.0	1162	$1,300	$1.12	25d	1	0.94mi
146 W 6th St Jacksonville, FL	3.0	1.0	1600	$1,475	$0.92	21d	1	0.95mi
1730 W 19th St Jacksonville, FL	3.0	2.0	1323	$1,100	$0.83	3d	1	0.96mi
1609 W 24th St Jacksonville, FL	3.0	2.0	1169	$1,223	$1.05	23d	1	0.96mi
1645 W 23rd St Unit 2 Jacksonville, FL	3.0	1.0	912	$1,275	$1.40	25d	1	0.98mi
421 Golfair Blvd Jacksonville, FL	4.0	2.5	1761	$1,381	$0.78	18d	1	0.98mi
2306 Fairfax St Unit 1 Jacksonville, FL	3.0	1.0	900	$700	$0.78	25d	1	0.98mi
1640 W 4th St Unit 1 Jacksonville, FL	4.0	2.0	1119	$1,675	$1.50	21d	1	1.00mi

Listing history 18 events

1. 2026-06-21
   days on market $259,000 Active 107 DOM
2. 2026-06-18
   days on market $259,000 Active 104 DOM
3. 2026-06-17
   days on market $259,000 Active 103 DOM
4. 2026-06-16
   days on market $259,000 Active 102 DOM
5. 2026-06-15
   days on market $259,000 Active 101 DOM
6. 2026-06-10
   days on market $259,000 Active 95 DOM
7. 2026-06-08
   days on market $259,000 Active 94 DOM
8. 2026-06-07
   days on market $259,000 Active 93 DOM
9. 2026-06-03
   days on market $259,000 Active 89 DOM
10. 2026-06-02
    days on market $259,000 Active 88 DOM
11. 2026-06-01
    days on market $259,000 Active 87 DOM
12. 2026-05-31
    days on market $259,000 Active 86 DOM
13. 2026-05-04
    price $299,000
14. 2026-03-06
    listed $319,000 Active
15. 2026-03-04
    price $319,000
16. 2006-09-29
    soldstatus $119,000
17. 1998-05-18
    soldstatus $36,000
18. 1996-11-27
    soldstatus $20,000

ⓘ 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: $4,006 · $334/mo
• Projected year-2 tax: $4,006 · $334/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 · 19 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: $40,896
• − Mortgage interest: −$14,508
• − Property taxes: −$4,006
• − Insurance: −$1,295
• − Repairs & maintenance: −$3,272
• − Management: −$3,272
• − Depreciation: −$7,535
• Taxable income: $7,009
• Est. tax owed @ 24.0%: −$1,682
• After-tax cash flow: $9,026/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

+1395.0% since first listed

6 events — show timeline

• 2026-05-04 Price Changed $299,000 realMLS
• 2026-03-06 Listed $319,000 realMLS
• 2026-03-04 Price Changed $319,000 realMLS
• 2006-09-29 Sold (Public Records) $119,000 Public Records
• 1998-05-18 Sold (Public Records) $36,000 Public Records
• 1996-11-27 Sold (Public Records) $20,000 Public Records

Property tax history

+10.7%/yr

Latest (2025): $4,006 · +39.6% YoY. Source: county tax records.