1527 Naldo Ave · Jacksonville, FL 32207

$399,900

4 bd · 2.0 ba · 2,080 sqft · MultiFamily public records · 90 Days on market

Built 1926 5,662 sqft lot Est $557k · 28% under

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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).

• ARV discount +15.0/15.0
• Cash flow +14.1/30.0
• DSCR +4.3/10.0
• Livability +4.2/5.0
• 1% rule +3.9/10.0
• Schools +3.9/10.0
• Rent growth +2.5/5.0
• 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

Step into the past while investing in your future with this unique duplex, perfectly situated in the heart of the historic San Marco. This property offers a rare opportunity to own a classic residence that has two distinct living units, each with its own entrance. Both are two bedroom one bath units, approximately 1040 square feet. Both units are occupied on month to month leases. Showings available during inspection periods only.

Key facts

• Storage potential
• Historic san marco
• Nice sized back yard

Tags

• HISTORIC SAN MARCO
• WOODS FLOORS
• NICE SIZED BACK YARD
• PARKING POTENTIAL
• STORAGE POTENTIAL

Property features AI

Finance

• Financial info: Currently used as investment and residential; Two total units; Unfurnished
• HOA & community: Not a senior community

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: Public sewer; Electricity connected; Sewer connected
• Home design: Duplex (investment / residential); 1 to 2 levels; Entry level: 1; Faces northwest; 1 building; 2 stories total
• Construction: Shingle roof
• Exterior features: Fenced backyard; Many trees; Alley and city street access; Asphalt road frontage

Interior

• Kitchen: Electric oven; Electric range; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Tile; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating (varies by unit); Cooling: electric, split system, wall/window units (varies by unit)
• Interior features: Wood-burning fireplaces (2 total); Balcony
• Laundry & utility: In-unit laundry; Washer hookup; Electric dryer hookup

🏷️ Possibly a rental listed for sale. The $399,900 price doesn't fit this home's estimated sale value (~$557,440) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/0.5-bath units multifamily listed at $400k.

Deal economics

• At list price, monthly cash flow is $-9 ($-108/yr) — negative. Per door: $-5/mo.
• To cash-flow at today's rent, offer at most $398k (0.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $356k (11.0% below list).
• Recommended offer: $356k (11.0% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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: Hendricks Avenue Elementary School (math 72% / reading 74%, grade A, #271 of 2,144 statewide, top 13%, 614 students, 24% FRL); Alfred I. Dupont Middle School (math 23% / reading 24%, grade F, #536 of 571 statewide, top 95%, 641 students, 59% FRL); Samuel W. Wolfson High School (math 48% / reading 70%, grade C+, #113 of 667 statewide, top 17%, 922 students, 20% FRL) — zoned schools average 34% FRL vs 49% district-wide (15 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents soft (-0.2%/yr); 226 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• At $3,561/mo this rent would consume 66% of the median local household income ($65k/yr) (locally 1730% 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 $3k of loan paydown is wiped out by about $12k 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 90 days — a 6% lower offer ($376k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $75k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $17k; list at $400k implies a 2252% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $356,100 (11.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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.
11. 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.
12. 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: 0.89% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.62%
• DSCR: 1.03
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $557,440
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1535 Belmonte Ave	0.14mi	5/4.0 (+1)	2,231 (+7%)	6mo	$715,000	$320	63
1331 Lasalle St	0.07mi	4/4.0	2,198 (+6%)	22mo	$590,000	$268	61
1321 Landon Ave #A-D	0.22mi	4/4.0	2,376 (+14%)	7mo	$500,000	$210	52

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.9%
• Equity multiple: 0.32×
• Total profit: $-75,722
• Equity at exit: $59,626

10-year hold

• IRR: -21.4%
• Equity multiple: 0.05×
• Total profit: $-106,644
• Equity at exit: $34,576

Cash invested: $111,972 (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 32207

• Rents YoY: -0.2%
• Active inventory: 226
• Price-to-rent: 18.7×

Monthly cashflow live

• Estimated rent: $3,561 high
• Mortgage (P&I): −$2,097
• Tax from tax record: −$492 /mo · $5,904/yr
• Insurance: −$167
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$748
• Net cashflow: $-9

Break-even live

Break-even rent $3,572

Max offer price $398,305

Occupancy floor 95%

Sensitivity live

Price	-10% $217	-5% $104	+0% $-9	+5% $-122	+10% $-235
Rent	-10% $-290	-5% $-150	+0% $-9	+5% $132	+10% $272
Rate	-1.0pp $192	-0.5pp $93	base $-9	+0.5pp $-113	+1.0pp $-218

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	0.5	$3,562
Total (2 units)			$3,561

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: $99,975
• Closing costs: $11,997
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1651 Flagler Ave Jacksonville, FL	3.0	2.5	1701	$2,100	$1.23	18d	1	0.17mi
1900 Olevia St Jacksonville, FL	1.0–3.0	1.0–3.0	1127	$2,693	$2.39	4d	6	0.55mi
1655 Prudential Dr Jacksonville, FL	3.0	1.0–3.0	1113	$3,314	$2.98	4d	13	0.55mi
1928 Prudential Dr Jacksonville, FL	3.0	3.5	1745	$3,350	$1.92	25d	1	0.62mi
1401 Riverplace Blvd Jacksonville, FL	1.0–3.0	1.0–2.0	1401	$4,424	$3.16	6d	9	0.64mi
2054 Prudential Dr Jacksonville, FL	3.0	3.5	1990	$6,000	$3.02	15d	1	0.73mi
2056 Prudential Dr Jacksonville, FL	3.0	3.5	2144	$6,495	$3.03	16d	1	0.73mi
1905 Promenade Way Jacksonville, FL	1.0–3.0	1.0–3.0	1045	$2,549	$2.44	3d	35	0.81mi
138 E Duval St Jacksonville, FL	3.0	1.5	1450	$3,200	$2.21	25d	1	1.28mi
343 E Church St Jacksonville, FL	3.0	3.5	1530	$2,195	$1.43	5d	1	1.34mi

Listing history 23 events

1. 2026-06-17
   days on market $399,900 Active 90 DOM
2. 2026-06-16
   days on market $399,900 Active 89 DOM
3. 2026-06-15
   days on market $399,900 Active 88 DOM
4. 2026-06-13
   days on market $399,900 Active 85 DOM
5. 2026-06-10
   days on market $399,900 Active 82 DOM
6. 2026-06-08
   days on market $399,900 Active 81 DOM
7. 2026-06-07
   pricedays on market $399,900 Active 80 DOM
8. 2026-06-03
   days on market $409,900 Active 76 DOM
9. 2026-06-02
   days on market $409,900 Active 75 DOM
10. 2026-06-01
    days on market $409,900 Active 74 DOM
11. 2026-05-31
    days on market $409,900 Active 73 DOM
12. 2026-05-08
    price $409,900
13. 2026-04-23
    price $439,995
14. 2026-03-12
    listed $474,900 Active
15. 2026-02-24
    historical 436-char remark

    Show marketing remark (436 chars)

    Step into the past while investing in your future with this unique duplex, perfectly situated in the heart of the historic San Marco. This property offers a rare opportunity to own a classic residence that has two distinct living units, each with its own entrance. Both are two bedroom one bath units, approximately 1040 square feet. Both units are occupied on month to month leases. Showings available during inspection periods only.

16. 2026-02-11
    price $475,000 436-char remark

    Show marketing remark (436 chars)

    Step into the past while investing in your future with this unique duplex, perfectly situated in the heart of the historic San Marco. This property offers a rare opportunity to own a classic residence that has two distinct living units, each with its own entrance. Both are two bedroom one bath units, approximately 1040 square feet. Both units are occupied on month to month leases. Showings available during inspection periods only.

17. 2026-01-02
    price $499,000 436-char remark

    Show marketing remark (436 chars)

    Step into the past while investing in your future with this unique duplex, perfectly situated in the heart of the historic San Marco. This property offers a rare opportunity to own a classic residence that has two distinct living units, each with its own entrance. Both are two bedroom one bath units, approximately 1040 square feet. Both units are occupied on month to month leases. Showings available during inspection periods only.

18. 2025-12-10
    price $509,000 436-char remark

    Show marketing remark (436 chars)

    Step into the past while investing in your future with this unique duplex, perfectly situated in the heart of the historic San Marco. This property offers a rare opportunity to own a classic residence that has two distinct living units, each with its own entrance. Both are two bedroom one bath units, approximately 1040 square feet. Both units are occupied on month to month leases. Showings available during inspection periods only.

19. 2025-11-25
    historical 436-char remark

    Show marketing remark (436 chars)

    Step into the past while investing in your future with this unique duplex, perfectly situated in the heart of the historic San Marco. This property offers a rare opportunity to own a classic residence that has two distinct living units, each with its own entrance. Both are two bedroom one bath units, approximately 1040 square feet. Both units are occupied on month to month leases. Showings available during inspection periods only.

20. 2025-11-24
    listed $549,000 Active 436-char remark

    Show marketing remark (436 chars)

    Step into the past while investing in your future with this unique duplex, perfectly situated in the heart of the historic San Marco. This property offers a rare opportunity to own a classic residence that has two distinct living units, each with its own entrance. Both are two bedroom one bath units, approximately 1040 square feet. Both units are occupied on month to month leases. Showings available during inspection periods only.

21. 2025-11-24
    listed $549,000 Active 436-char remark

    Show marketing remark (436 chars)

    Step into the past while investing in your future with this unique duplex, perfectly situated in the heart of the historic San Marco. This property offers a rare opportunity to own a classic residence that has two distinct living units, each with its own entrance. Both are two bedroom one bath units, approximately 1040 square feet. Both units are occupied on month to month leases. Showings available during inspection periods only.

22. 1976-08-25
    soldstatus $17,000
23. 1973-04-06
    soldstatus $16,500

ⓘ 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: $5,904 · $492/mo
• Projected year-2 tax: $5,904 · $492/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 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 21 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: $42,732
• − Mortgage interest: −$22,401
• − Property taxes: −$5,904
• − Insurance: −$2,797
• − Repairs & maintenance: −$3,419
• − Management: −$3,419
• − Depreciation: −$11,633
• Taxable loss: −$6,840
• Est. tax savings @ 24.0%: +$1,642
• After-tax cash flow: $1,533/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): 36,998
• Household income: $65,234
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 1730.0

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 56% Black 16% Hispanic / Latino 15% Asian 9% Two or more races 9%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 4%
• Common ancestry: Slovak 2% Italian 2% Serbian 1%
• Foreign-born: 17% · Canada, Philippines, China
• Languages at home: 76% English-only · Spanish 12% Other Asian/Pacific 5% Arabic 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: ▼ -299.33%
• Current HPI: 310.9037
• Rent YoY: ▼ -0.20%
• 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

+2384.2% since first listed

12 events — show timeline

• 2026-05-08 Price Changed $409,900 realMLS
• 2026-04-23 Price Changed $439,995 realMLS
• 2026-03-12 Listed $474,900 realMLS
• 2026-02-24 Listing Removed — realMLS
• 2026-02-11 Price Changed $475,000 realMLS
• 2026-01-02 Price Changed $499,000 realMLS
• 2025-12-10 Price Changed $509,000 realMLS
• 2025-11-25 Listing Removed — realMLS
• 2025-11-24 Listed $549,000 realMLS
• 2025-11-24 Listed $549,000 realMLS
• 1976-08-25 Sold (Public Records) $17,000 Public Records
• 1973-04-06 Sold (Public Records) $16,500 Public Records

Property tax history

+8.6%/yr

Latest (2025): $5,904 · +8.3% YoY. Source: county tax records.