Dual-Suite Co-Living
311 W ASHLEY Street 305 A&B Jacksonville, FL 32202
311 W ASHLEY Street 305 A&B, Jacksonville, FL, 32202
Contact for pricing
For Sale
Contact for pricing
Turnkey dual-suite unit with independent entry and separated utilities, supported by HOA-covered core operating services.
Property Size984 SF
Price / SF$279.47
Days on Market57
Property Features for 311 W ASHLEY Street 305 A&B
General Information
- Standard status
- Active
- Size
- 984 SF
- Property subtype
- Multifamily, Land
Building Details
- Year Built
- 1949
Listing agency
JPAR City & Beach
Listed by
Amber L'Esperance · License #SL3370601
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:49PM Checked: Jul 22 at 1:17PM
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 & Beach
Investment Insights
Based on property information with market context.
Residences at City Place Unit #305 offers a highly unique, custom-engineered dual-suite layout that stands alone in the building. The property has been meticulously renovated from top to bottom with high-end, durable finishes and is offered turnkey, fully furnished, and ready for immediate transfer. Each suite is designed to function independently, with separate keyless entryways, separate smart-climate zones, and fully separated electric meters.
Positioned in downtown Jacksonville, the unit sits in the path of ongoing growth described around Gateway Jax and the Pearl Square revitalization project. The listing also notes proximity to the Federal Courthouse, as well as CSX/VyStar and nearby medical hubs such as UF Health. A major operational benefit is the HOA fee, which covers water, sewer, trash, pest control, 24/7 building security, and structural building insurance.
This configuration is well-suited for tenant demand from high-end corporate relocation clients, federal legal professionals, Fortune 500 executives, and traveling healthcare professionals. From an operator’s standpoint, the HOA coverage helps create predictable overhead, while the dual, separately metered setup supports independent suite functionality. Please note the asset is a non-warrantable condo, requiring cash-only or investor loan purchase terms.
Positioned in downtown Jacksonville, the unit sits in the path of ongoing growth described around Gateway Jax and the Pearl Square revitalization project. The listing also notes proximity to the Federal Courthouse, as well as CSX/VyStar and nearby medical hubs such as UF Health. A major operational benefit is the HOA fee, which covers water, sewer, trash, pest control, 24/7 building security, and structural building insurance.
This configuration is well-suited for tenant demand from high-end corporate relocation clients, federal legal professionals, Fortune 500 executives, and traveling healthcare professionals. From an operator’s standpoint, the HOA coverage helps create predictable overhead, while the dual, separately metered setup supports independent suite functionality. Please note the asset is a non-warrantable condo, requiring cash-only or investor loan purchase terms.
Key Highlights
- Dual‑suite Unit #305 (standing alone in the building) with custom‑engineered layout and independent keyless entryways
- Separate smart‑climate zones and fully separated electric meters for each suite
- HOA covers water, sewer, trash, pest control, 24/7 building security, and structural building insurance
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 3.36%
Second Best
Apartment 5plus
$104.0K
$91.0K – $121.3K
NOI $7,280 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$269.6K
$235.9K – $314.5K
NOI $18,869 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey dual-suite unit with independent entry and separated utilities, supported by HOA-covered core operating services.
Where is this duplex located?
The property is located at 311 W ASHLEY Street 305 A&B Jacksonville, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Dual‑suite Unit #305 (standing alone in the building) with custom‑engineered layout and independent keyless entryways; Separate smart‑climate zones and fully separated electric meters for each suite; HOA covers water, sewer, trash, pest control, 24/7 building security, and structural building insurance
