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    Dual-Key Duplex Condo Title is generated by Realmo AI

    311 W ASHLEY Street, Jacksonville, FL 32202

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    For Sale
    $299,900

    MULTI_FAMILY - Jacksonville, FL

    Property size:
    1,026 SF
    Price / SF:
    $292/SF
    Added:
    Jun 6, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 8 at 3:06 am

    Property Features for 311 W ASHLEY Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    1
    Rooms
    Bedroom 1
    Parking features
    Parking Lot, On Street, Assigned
    Appliances
    Electric Cooktop, Electric Water Heater, Microwave, Refrigerator
    Standard status
    Active
    APN
    0739030170
    Size
    1,026 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2133

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1949
    Floors in Building
    1
    Number of units
    2

    We can help!

    Listing Contact
    Amber L'Esperance

    Listing agent Amber L'Esperance

    Listing office JPAR CITY AND BEACH 9700 PHILIPS HWY STE106, Jacksonville, FL

    Listing date Jun 6, 2026

    MLS# 2149215 Listing URL

    Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex 2 of 2 in the portfolio with a dual‑key setup split behind a single secure entry with independent keyless entries
    • Unit A: 1BR/1BA with renovated kitchenette and city views; currently leased as LTR at $1,350/month
    • Unit B: studio suite with an updated kitchenette and built‑in closet storage
    • Built in 1949 with central electric heating and central air conditioning
    • On‑site amenities include a gym and laundry within the secure mid‑rise building
    • Pro forma cap rate listed as 7.4%; parking includes parking lot, on‑street, and assigned spaces

    Overview

    This downtown Jacksonville duplex offers a dual-key layout behind a single secure entry, splitting into two turnkey units with independent keyless entry. Unit A is a 1BR/1BA with a bright living space, city views, and a renovated kitchenette. Unit B is a studio suite with an updated kitchenette and built-in closet storage, providing a compact, functional footprint.

    The property is positioned near the Gateway Jax project and is described as being minutes from UF Health, Baptist Medical Center, and the Duval County Courthouse. The building is set up for secure mid-rise living, with a gym and laundry available on-site.

    This configuration supports a range of tenant and buyer scenarios, including owner-occupancy with rental income from the second unit, or operation as a short- or long-term rental based on market-ready, self-contained spaces. The listing notes Unit A is currently used as a long-term rental at $1,350 per month, while Unit B is available for immediate value-add. The portfolio is also offered with Duplex 1 (Units 305 A&B, two 1/1s). Cash purchase is required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Platinum Fitness Specialists Gym & Fitness Center Yes I will ... Wedding Service Hill Street Realty, ... Real Estate Agency City Place Condominium Complex Quality Painters of Jacksonville Painting Service

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Gym & Fitness Center Building Supply Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.660885
    Latitude
    30.331868

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    FAQs

    What type of property is this?
    Duplex - Two secure-entry, keyless-access units designed for flexible living or leasing, with gym and laundry in-building.
    Where is this duplex located?
    The property is located at 311 W ASHLEY Street Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Duplex 2 of 2 in the portfolio with a dual‑key setup split behind a single secure entry with independent keyless entries; Unit A: 1BR/1BA with renovated kitchenette and city views; currently leased as LTR at $1,350/month; Unit B: studio suite with an updated kitchenette and built‑in closet storage
    (904) 370-3540
    We can help!
    Listing Contact
    Amber L'Esperance
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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