7th-Floor Dual-Key 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 Size1,026 SF
Price / SF$263.16
Days on Market48
Property Features for 311 W ASHLEY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- 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
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- 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: Jun 6 Updated: Jul 21 at 5:47PM Checked: Jul 23 at 12:06AM
MLS# 2149215
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.
Located on the 7th floor, this dual-key condo duplex offers a layout with two private units behind one main entry door. The residence is described as a spacious 1BR corner suite, positioned on a single deeded corner parcel. The offering is listed as fully furnished and turnkey-ready, and is presented as engineered for duplex-style cash flow. The current configuration holds 2 keys under 1 deed, with potential identified for 4 keys total.
The property is in downtown Jacksonville at Residences at City Place, described in the remarks as near Gateway Jax and Pearl Square, and within the area of EverBank Stadium, Daily’s Place, VyStar Arena, UF Health, and the Federal Courthouse.
Building amenities listed include a fitness center, clubhouse, elevators, key-card entry, and laundry. The remarks also state it is a turnkey 1031 exchange asset, and that cash only financing applies. The seller notes it may be combined with Unit 305 A&B (MLS #2147558) to expand to 4 keys under one blended proforma CAP rate.
The property is in downtown Jacksonville at Residences at City Place, described in the remarks as near Gateway Jax and Pearl Square, and within the area of EverBank Stadium, Daily’s Place, VyStar Arena, UF Health, and the Federal Courthouse.
Building amenities listed include a fitness center, clubhouse, elevators, key-card entry, and laundry. The remarks also state it is a turnkey 1031 exchange asset, and that cash only financing applies. The seller notes it may be combined with Unit 305 A&B (MLS #2147558) to expand to 4 keys under one blended proforma CAP rate.
Key Highlights
- Downtown Jacksonville 7th‑floor condo with dual‑key floor plan: 2 private units behind 1 main entry door (single deeded corner parcel).
- Pro forma: 8.28% cap rate with $22K NOI (2 keys) and potential to expand to 4 keys total.
- Includes amenities: fitness center, clubhouse, elevators, key‑card entry, and laundry.
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 | $15.1k | $14.76 |
| − Vacancy | −$1.4k | −$1.35 |
| EGI | $13.8k | $13.41 |
| − OpEx | −$4.1k | −$4.02 |
| NOI | $9.6k | $9.39 |
1,026 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$137.6K
$120.4K – $160.6K
NOI $9,634 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$108.4K
$94.9K – $126.5K
NOI $7,591 @ 7.0% cap · market cap 2.81%
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 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 - Dual-key floor plan on a single deeded parcel with 2 private units behind 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: Downtown Jacksonville 7th‑floor condo with dual‑key floor plan: 2 private units behind 1 main entry door (single deeded corner parcel).; Pro forma: 8.28% cap rate with $22K NOI (2 keys) and potential to expand to 4 keys total.; Includes amenities: fitness center, clubhouse, elevators, key‑card entry, and laundry.
