Dual-Key Short-Term Rental
For Sale
$270,000
311 W Ashley Street #701 A&B, Jacksonville, FL 32202
Two private accommodations share one main entrance within a furnished downtown Jacksonville condominium.
Property Size1,026 SF
Price / SF$263.16
Days on Market141
Property Features for 311 W Ashley Street #701 A&B
General Information
Standard status
Active
Size
1,026 SF
Elevators
Yes
Property subtype
Residential Income
Zoning
Condominium
Site & Location
Neighborhood
Stadium District
Additional Details
Furnished
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,133
Amenities
fitness center
clubhouse
key-card entry
laundry
security
Building Details
Building Size
1,026 SF
Year Built
1949
Buildings
1
Stories
1
Units
2
Listing Agency:
JPAR CITY AND BEACH
(904) 370-3500
Listed By:
Amber L'Esperance · License #3370601
(904) 370-3540
Source:
Dualstaterealestate
Added: Jun 6
Changed: Oct 23
Last Checked: Oct 23 at 6:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JPAR CITY AND BEACH
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Investment Insights
Based on property information with market context.
This 1,026-square-foot condominium on the seventh floor of Residences at City Place has a dual-key arrangement: two private units are accessed through one main entrance. The corner layout includes a one-bedroom suite, and the residence is furnished. The building, completed in 1949, provides a fitness center, clubhouse, elevators, key-card entry, laundry, security, trash service, and water. Management is available on-site and off-site, with part-time management also listed.
At 311 W Ashley Street in downtown Jacksonville, the property is near EverBank Stadium, Daily’s Place, VyStar Arena, UF Health, and the Federal Courthouse. Its stated pro forma cap rate is 8.28%.
At 311 W Ashley Street in downtown Jacksonville, the property is near EverBank Stadium, Daily’s Place, VyStar Arena, UF Health, and the Federal Courthouse. Its stated pro forma cap rate is 8.28%.
Key Highlights
- Two private units arranged behind one shared main entrance
- 1,026 square feet on the 7th floor, with a one‑bedroom corner suite
- Furnished condominium at 311 W Ashley Street in downtown Jacksonville
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,591
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,820
$151.8K
Cap Rate 7%
$108,443
$108.4K
Cap Rate 9%
$84,344
$84.3K
Market Conditions
NOI Build-Up for 1,026 SF
Gross rent
$15.3K $14.88/SF
− Vacancy
−$1.5K −$1.43/SF
EGI
$13.8K $13.45/SF
− OpEx
−$6.2K −$6.05/SF
NOI
$7.6K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,820
Cap Rate 7%
$108,443
Cap Rate 9%
$84,344
Alternative Uses
Best Use
Apartment 5plus
$108.4K
$94.9K – $126.5K
NOI $7,591 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.1K
$245.9K – $327.9K
NOI $19,675 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 32202, FL
6,544
Population
2,789
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
78%
High-School Grad
2.0 sq mi
ZIP Area
3,272
Density / Sq Mi
$40,070
Median Household Income
$30,938
Median Earnings
$1,024
Median Rent
$229,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Two private accommodations share one main entrance within a furnished downtown Jacksonville condominium.
Where is this short term rental property located?
The property is located at 311 W Ashley Street #701 A&B Jacksonville, FL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two private units arranged behind one shared main entrance; 1,026 square feet on the 7th floor, with a one‑bedroom corner suite; Furnished condominium at 311 W Ashley Street in downtown Jacksonville
