1330 Barnett St · Jacksonville, FL 32209

$995,000

192 bd · 96.0 ba · 7,104 sqft · MultiFamily · 197 Days on market

Built 1956 0.36 ac 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 +25.4/30.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• 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: 12 units. confirmed

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

Nothing else on the market like this! 12 units total, all 2/1. Mixture of tenants including self pays & steady agency rents. Rehabbed 2023 with new kitchens, new vinyl plank flooring & ch/a. All block buildings with units separately metered for water & electric. The back side of the lot extends with access to Kings Rd. Diverse neighborhood with new homes almost completed on the next block.

Key facts

• Renovated in 2023
• 0.36 acre lot
• Built 1956

Tags

• RENOVATED IN 2023
• CONCRETE BLOCK CONSTRUCTION
• SEPARATELY METERED UTILITIES
• CENTRAL HVAC IN ALL UNITS

Property features AI

Finance

• Financial info: Annual property tax reported

Exterior

• Parking: Additional parking; Off-street parking; Unassigned parking
• Utilities: Separate electric meters; Separate water meters; Sewer connected; Water connected
• Home design: Multi-family property; 2-story buildings
• Exterior features: Corner lot; 0.36-acre lot

Interior

• Bedrooms: 16 total bedrooms
• Bathrooms: 8 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Multi-family property; 12 units total; 2 buildings; 2 stories
• Laundry & utility: Separate electric meters; Separate water meters; Sewer connected; Water connected

What this means for you Summary

Snapshot

• This is a 12 × 2-bed/1.0-bath units multifamily listed at $995k.

Deal economics

• At list price, monthly cash flow is $2k ($28k/yr) — positive. Per door: $191/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($12k rent vs $995k).
• Recommended offer: $876k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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 rising (+1.8%/yr); 394 active listings in the ZIP; lower-income renter base — watch delinquency; 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• At $11,606/mo this rent would consume 456% 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 $7k of loan paydown is wiped out by about $30k 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 197 days — a 12% lower offer ($876k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 17y ago; this cycle's ask has dropped $155k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $875,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 197 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 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: 1.17% ✓
• Cap rate: 9.06%
• Cash-on-cash: 9.87%
• DSCR: 1.44
• GRM: 7.1

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: -2.8%
• Equity multiple: 0.90×
• Total profit: $-28,780
• Equity at exit: $148,358

10-year hold

• IRR: 5.6%
• Equity multiple: 1.39×
• Total profit: $108,641
• Equity at exit: $86,029

Cash invested: $278,600 (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: 394
• Price-to-rent: 85.7×

Monthly cashflow live

• Estimated rent: $11,606 high
• Mortgage (P&I): −$5,218
• Tax est. 1.5%: −$1,244 /mo · $14,925/yr
• Insurance: −$415
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,437
• Net cashflow: $2,293

Break-even live

Break-even rent $8,704

Max offer price $995,000

Occupancy floor 75%

Sensitivity live

Price	-10% $2,980	-5% $2,636	+0% $2,293	+5% $1,949	+10% $1,605
Rent	-10% $1,376	-5% $1,834	+0% $2,293	+5% $2,751	+10% $3,209
Rate	-1.0pp $2,794	-0.5pp $2,546	base $2,293	+0.5pp $2,035	+1.0pp $1,772

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

Units	Beds	Baths	Est. rent
▸ 12× units	2	1	$11,604
Total (12 units)			$11,606

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: $248,750
• Closing costs: $29,850
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-18
   days on market $995,000 Active 197 DOM
2. 2026-06-17
   days on market $995,000 Active 196 DOM
3. 2026-06-16
   days on market $995,000 Active 195 DOM
4. 2026-06-15
   days on market $995,000 Active 194 DOM
5. 2026-06-10
   days on market $995,000 Active 188 DOM
6. 2026-06-08
   days on market $995,000 Active 187 DOM
7. 2026-06-08
   days on market $995,000 Active 186 DOM
8. 2026-06-03
   days on market $995,000 Active 182 DOM
9. 2026-06-02
   days on market $995,000 Active 181 DOM
10. 2026-06-01
    days on market $995,000 Active 180 DOM
11. 2026-05-31
    days on market $995,000 Active 179 DOM
12. 2026-02-04
    status Active
13. 2026-02-04
    price $995,000
14. 2025-06-30
    historical
15. 2025-06-04
    price $1,050,000
16. 2025-04-17
    listed $1,150,000 Active
17. 2024-02-26
    soldstatus $955,000 Closed 404-char remark

    Show marketing remark (404 chars)

    Nothing else on the market like this! 12 units total, all 2/1. Mixture of tenants including self pays & steady agency rents. Rehabbed 2023 with new kitchens, new vinyl plank flooring & ch/a. All block buildings with units separately metered for water & electric. The back side of the lot extends with access to Kings Rd. Diverse neighborhood with new homes almost completed on the next block.

18. 2024-01-15
    status Pending 404-char remark

    Show marketing remark (404 chars)

    Nothing else on the market like this! 12 units total, all 2/1. Mixture of tenants including self pays & steady agency rents. Rehabbed 2023 with new kitchens, new vinyl plank flooring & ch/a. All block buildings with units separately metered for water & electric. The back side of the lot extends with access to Kings Rd. Diverse neighborhood with new homes almost completed on the next block.

19. 2023-12-19
    status Active 404-char remark

    Show marketing remark (404 chars)

    Nothing else on the market like this! 12 units total, all 2/1. Mixture of tenants including self pays & steady agency rents. Rehabbed 2023 with new kitchens, new vinyl plank flooring & ch/a. All block buildings with units separately metered for water & electric. The back side of the lot extends with access to Kings Rd. Diverse neighborhood with new homes almost completed on the next block.

20. 2023-12-19
    price $975,000 404-char remark

    Show marketing remark (404 chars)

    Nothing else on the market like this! 12 units total, all 2/1. Mixture of tenants including self pays & steady agency rents. Rehabbed 2023 with new kitchens, new vinyl plank flooring & ch/a. All block buildings with units separately metered for water & electric. The back side of the lot extends with access to Kings Rd. Diverse neighborhood with new homes almost completed on the next block.

21. 2023-11-30
    historical 404-char remark

    Show marketing remark (404 chars)

    Nothing else on the market like this! 12 units total, all 2/1. Mixture of tenants including self pays & steady agency rents. Rehabbed 2023 with new kitchens, new vinyl plank flooring & ch/a. All block buildings with units separately metered for water & electric. The back side of the lot extends with access to Kings Rd. Diverse neighborhood with new homes almost completed on the next block.

22. 2023-08-30
    listed $1,250,000 Active 404-char remark

    Show marketing remark (404 chars)

    Nothing else on the market like this! 12 units total, all 2/1. Mixture of tenants including self pays & steady agency rents. Rehabbed 2023 with new kitchens, new vinyl plank flooring & ch/a. All block buildings with units separately metered for water & electric. The back side of the lot extends with access to Kings Rd. Diverse neighborhood with new homes almost completed on the next block.

23. 2020-04-11
    historical 393-char remark

    Show marketing remark (393 chars)

    Phenomenal Cash Flow! Two Solid Concrete 6-plexes side by side; this is offering both 1330 and 1334 Barnett Street. All units are 2 bedrooms and 1 bathroom. Many improvements have been made including new roofs, new ACs, new flooring, exterior freshly painted, new fence surrounding the property and much more! Property is within easy walking distance to bus stops, restaurants, and laundromat.

24. 2020-04-01
    status Active 393-char remark

    Show marketing remark (393 chars)

    Phenomenal Cash Flow! Two Solid Concrete 6-plexes side by side; this is offering both 1330 and 1334 Barnett Street. All units are 2 bedrooms and 1 bathroom. Many improvements have been made including new roofs, new ACs, new flooring, exterior freshly painted, new fence surrounding the property and much more! Property is within easy walking distance to bus stops, restaurants, and laundromat.

25. 2020-01-13
    historical 393-char remark

    Show marketing remark (393 chars)

    Phenomenal Cash Flow! Two Solid Concrete 6-plexes side by side; this is offering both 1330 and 1334 Barnett Street. All units are 2 bedrooms and 1 bathroom. Many improvements have been made including new roofs, new ACs, new flooring, exterior freshly painted, new fence surrounding the property and much more! Property is within easy walking distance to bus stops, restaurants, and laundromat.

26. 2019-09-05
    price $600,000 393-char remark

    Show marketing remark (393 chars)

    Phenomenal Cash Flow! Two Solid Concrete 6-plexes side by side; this is offering both 1330 and 1334 Barnett Street. All units are 2 bedrooms and 1 bathroom. Many improvements have been made including new roofs, new ACs, new flooring, exterior freshly painted, new fence surrounding the property and much more! Property is within easy walking distance to bus stops, restaurants, and laundromat.

27. 2019-08-14
    price $500,000 393-char remark

    Show marketing remark (393 chars)

    Phenomenal Cash Flow! Two Solid Concrete 6-plexes side by side; this is offering both 1330 and 1334 Barnett Street. All units are 2 bedrooms and 1 bathroom. Many improvements have been made including new roofs, new ACs, new flooring, exterior freshly painted, new fence surrounding the property and much more! Property is within easy walking distance to bus stops, restaurants, and laundromat.

28. 2019-06-15
    status Active 393-char remark

    Show marketing remark (393 chars)

    Phenomenal Cash Flow! Two Solid Concrete 6-plexes side by side; this is offering both 1330 and 1334 Barnett Street. All units are 2 bedrooms and 1 bathroom. Many improvements have been made including new roofs, new ACs, new flooring, exterior freshly painted, new fence surrounding the property and much more! Property is within easy walking distance to bus stops, restaurants, and laundromat.

29. 2019-05-10
    historical 393-char remark

    Show marketing remark (393 chars)

    Phenomenal Cash Flow! Two Solid Concrete 6-plexes side by side; this is offering both 1330 and 1334 Barnett Street. All units are 2 bedrooms and 1 bathroom. Many improvements have been made including new roofs, new ACs, new flooring, exterior freshly painted, new fence surrounding the property and much more! Property is within easy walking distance to bus stops, restaurants, and laundromat.

30. 2019-05-08
    listed $600,000 Active 393-char remark

    Show marketing remark (393 chars)

    Phenomenal Cash Flow! Two Solid Concrete 6-plexes side by side; this is offering both 1330 and 1334 Barnett Street. All units are 2 bedrooms and 1 bathroom. Many improvements have been made including new roofs, new ACs, new flooring, exterior freshly painted, new fence surrounding the property and much more! Property is within easy walking distance to bus stops, restaurants, and laundromat.

31. 2011-10-18
    historical
32. 2011-07-15
    listed $240,000
33. 2009-12-15
    historical
34. 2009-06-17
    listed $250,000

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

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: $139,272
• − Mortgage interest: −$55,735
• − Property taxes: −$14,925
• − Insurance: −$4,975
• − Repairs & maintenance: −$11,142
• − Management: −$11,142
• − Depreciation: −$28,945
• Taxable income: $12,408
• Est. tax owed @ 24.0%: −$2,978
• After-tax cash flow: $24,532/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

+298.0% since first listed

23 events — show timeline

• 2026-02-04 Relisted — realMLS
• 2026-02-04 Price Changed $995,000 realMLS
• 2025-06-30 Listing Removed — realMLS
• 2025-06-04 Price Changed $1,050,000 realMLS
• 2025-04-17 Listed $1,150,000 realMLS
• 2024-02-26 Sold (MLS) $955,000 realMLS
• 2024-01-15 Pending — realMLS
• 2023-12-19 Relisted — realMLS
• 2023-12-19 Price Changed $975,000 realMLS
• 2023-11-30 Listing Removed — realMLS
• 2023-08-30 Listed $1,250,000 realMLS
• 2020-04-11 Listing Removed — realMLS
• 2020-04-01 Relisted — realMLS
• 2020-01-13 Listing Removed — realMLS
• 2019-09-05 Price Changed $600,000 realMLS
• 2019-08-14 Price Changed $500,000 realMLS
• 2019-06-15 Relisted — realMLS
• 2019-05-10 Listing Removed — realMLS
• 2019-05-08 Listed $600,000 realMLS
• 2011-10-18 Listing Removed — realMLS
• 2011-07-15 Listed $240,000 realMLS
• 2009-12-15 Listing Removed — realMLS
• 2009-06-17 Listed $250,000 realMLS