Dual-Key 3rd Floor Condo
311 W ASHLEY Street Jacksonville, FL 32202
311 W ASHLEY Street, Jacksonville, FL, 32202
$270,000
For Sale
$270,000
MULTI_FAMILY - Jacksonville, FL
Property Size984 SF
Price / SF$274.39
Days on Market57
Property Features for 311 W ASHLEY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
- Parking features
- Parking Lot, On Street, Assigned
- Appliances
- Electric Cooktop, Electric Water Heater, Microwave, Refrigerator
- Standard status
- Active
- APN
- 0739030070
- Size
- 984 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2024
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Separate Meters, Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Number of units
- 2
Listing agency
JPAR CITY AND BEACH
(904) 370-3500
Listed by
Amber L'Esperance · License #3370601
(904) 370-3540
Added: May 28 Updated: Jul 21 at 5:47PM Checked: Jul 23 at 12:06AM
MLS# 2147558
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.
Investment Insights
Based on property information with market context.
This 3rd-floor condo duplex is located within Residences at City Place and is configured as a dual-key layout with two private units (A & B) behind one main entry door on a single deeded parcel. The property is described as renovated and fully furnished, designed to provide two separate keys while keeping a common exterior entry point.
The building offers resident amenities including a fitness center, clubhouse, elevators, key-card entry, and laundry. The asset is presented as turnkey for income use in downtown Jacksonville at 311 W Ashley Street, near EverBank Stadium, Daily’s Place, VyStar Arena, UF Health, and the Federal Courthouse. The listing also notes cash-only terms for this sale.
The building offers resident amenities including a fitness center, clubhouse, elevators, key-card entry, and laundry. The asset is presented as turnkey for income use in downtown Jacksonville at 311 W Ashley Street, near EverBank Stadium, Daily’s Place, VyStar Arena, UF Health, and the Federal Courthouse. The listing also notes cash-only terms for this sale.
Key Highlights
- Renovated, furnished 984 SF dual‑key condo with two private, self‑contained rental spaces
- Reported 7.7% CAP rate and $20,811 NOI
- Monthly HOA dues include water, sewer, trash, pest control, security, and full exterior structure maintenance
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.5k | $14.76 |
| − Vacancy | −$1.3k | −$1.35 |
| EGI | $13.2k | $13.41 |
| − OpEx | −$4.0k | −$4.02 |
| NOI | $9.2k | $9.39 |
984 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$132.0K
$115.5K – $154.0K
NOI $9,239 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$104.0K
$91.0K – $121.3K
NOI $7,280 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$269.6K
$235.9K – $314.5K
NOI $18,869 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Third-floor dual-key condo offers two private units accessed from one main entry door.
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 $270,000.
What are key features of this property?
This property features: Renovated, furnished 984 SF dual‑key condo with two private, self‑contained rental spaces; Reported 7.7% CAP rate and $20,811 NOI; Monthly HOA dues include water, sewer, trash, pest control, security, and full exterior structure maintenance
