16
Map
1958 MOREHOUSE Road
About This Property
Situated on a large lot, the property features a spacious backyard with plenty of room to add a deck, create an outdoor entertainment area, or expand over time. The outdoor space alone provides excellent upside for future improvements.
Inside, the home welcomes you with an open floor plan upon entry, creating a seamless flow between the living and kitchen areas. The interior is finished with luxury vinyl plank (LVP) flooring throughout, offering a modern look with durability and low maintenance. The kitchen is equipped with stainless steel appliances and shaker-style cabinets, combining clean design with everyday functionality.
Additional features include a dedicated in-unit washer and dryer space for added convenience. The home requires minor updates and cleaning, making it a great opportunity for buyers to add personal touches or for investors seeking a light value-add project.
Close proximity to downtown Jacksonville, schools, and major interstates, this property offers strong accessibility and consistent rental demand. Whether you're a first-time homebuyer or an investor looking for a buy-and-hold opportunity, this home presents solid value with room to grow.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | Price Decreased |
$160,000
↓ $5K
(3%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$165,000
↓ $5K
(2.9%) | |
| Price Decreased | |||
| Jun 15, 2026 | Price Decreased |
$170,000
↓ $17K
(9.2%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by 1 REALTY CORP | $187,200 | |
| Listed by 1 REALTY CORP | |||
| Oct 3, 2023 | Sold | ||
| Sold | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017