311 W ASHLEY Street 305 A&B, Jacksonville, FL 32202 (MLS# 2147558)

311 W ASHLEY Street 305 A&B, Jacksonville, FL 32202

$270,000

One secure exterior entrance door opens directly into a private inner foyer that effortlessly splits into two completely independent, self-contained rental spaces. This unique dual-key condo-duplex configuration delivers two active STR and MTR income streams in a single turnkey transaction. It is the ultimate design for maximizing occupancy, allowing investors to run a highly profitable house-hack strategy, host two separate corporate bookings simultaneously, or accommodate large traveling groups while maintaining absolute structural privacy and separate electronic lock safety controls. This layout solves the single-unit vacancy risk by diversifying your rental income across two distinct spaces, allowing you to maximize cash-on-cash returns and adapt dynamically to shifting market conditions between short-term vacationers and mid-term corporate professionals.

Turnkey kitchen fully equipped with essential modern appliances, cookware, ample cabinetry, and sleek contemporary finishes. This kitchen layout is specifically designed to meet the strict booking requirements for extended-stay platforms like Furnished Finder and Airbnb Sublets. By providing full home-cooking capabilities, this unit commands a massive premium over traditional hotel stays, making it highly attractive to corporate consultants, long-term legal teams, and relocating executives who demand complete functional convenience during their 30 to 90-day stays. The durable countertops, modern subway tile backsplash, and smart spatial organization minimize ongoing wear and tear, ensuring low maintenance overhead for the next owner while delivering the exact modern convenience that high-stipend traveling professionals expect from premium urban corporate housing options.

Restful bedroom retreat outfitted with premium linens, a memory foam mattress, ample closet storage, and integrated blackout shades. This highly desirable downtown location sits just steps from the Federal Courthouse, Fortune 500 corporate headquarters, and major banking hubs, driving a steady, predictable pipeline of business travelers, legal experts, and high-paying mid-term rental clientele straight to your listing. The large windows showcase urban city views, blending modern interior comfort with the high-energy growth of a booming, rapidly expanding urban core. This bedroom functions as a highly peaceful sanctuary for guests working long hours in the nearby financial district, ensuring pristine review scores across all major rental platforms and supporting top-tier average daily rates throughout the year.

Sparkling, freshly renovated modern bathroom featuring premium contemporary fixtures, a bright vanity lighting array, clean tilework, and crisp linens. The entire property requires zero CapEx from the incoming buyer, meaning you can start generating high-yield revenue on day one without dealing with the hassle, contractors, or expenses of delayed property maintenance. Pristine, highly functional bathrooms are a primary driver for 5-star reviews on short-term rental algorithms, ensuring your asset maintains top-tier search visibility on platforms like Airbnb and VRBO. Every detail, from the plumbing updates to the modern design choices, has been optimized for operational longevity, giving passive investors complete peace of mind and protecting equity over the long term.

Cozy, highly optimized private studio suite delivering massive spatial utility and premium comfort. This unit serves as the perfect landing pad for sports fans visiting for game days at EverBank Stadium, concert-goers traveling to the new entertainment district, or out-of-town consultants on brief corporate assignments. The open layout minimizes vacancy by offering a more affordable yet completely private alternative to traditional hotels, capturing a massive share of the weekend tourist market in downtown Jacksonville. The contemporary design features easy-to-clean flooring and an abundance of natural light from large windows, showcasing a highly functional living space that punches well above its weight class in rental yield and operational efficiency for savvy passive investors.

Open-concept floor plan meticulously designed to maximize spatial efficiency and tenant comfort. Fully furnished and completely optimized to capture consistent, high-rate short and medium-term bookings year-round. By showcasing the seamless flow between the living space and the dining area, this photo proves to passive investors that the property utilizes every square foot to drive maximum cash-on-cash return. It perfectly illustrates the high-density income potential of this unique urban real estate asset. This space is highly attractive to solo business travelers, traveling nurses, and digital nomads who value a clean, combined living environment that functions effortlessly without any wasted space, ensuring a high-occupancy foundation for your real estate portfolio.

Convenient, modern kitchenette setup including a microwave, dedicated coffee station, compact refrigerator, and smart built-in storage solutions. This space is thoughtfully planned to cater directly to traveling healthcare professionals, visiting nurses, and executive corporate clientele who value efficiency and convenience. Having independent food prep areas in both units ensures complete autonomy for separate guests, allowing you to maximize rental yields by leasing both spaces simultaneously without any friction. This infrastructure allows an investor to capture the lucrative mid-term rental market by providing the essential amenities required for extended stays, easily outperforming traditional single-income condos in the area.

Quiet, private bedroom space featuring contemporary interior updates, a smart layout design, a premium mattress setup, and a flat-screen entertainment area perfectly configured for ultimate tenant relaxation. This bedroom functions as a highly peaceful sanctuary for corporate guests working long hours in the nearby financial district or legal professionals operating out of the adjacent courthouse, ensuring repeat bookings and stellar review scores across all major corporate housing platforms. The thoughtful design layout maximizes privacy from the main entryway while ensuring the room feels open and airy, hitting the exact hospitality standards required for top-tier positioning on modern rental search engines.

Remote work ready. Quiet, dedicated desk setup featuring high-speed Wi-Fi connectivity, comfortable seating, and easily accessible proximity outlets. This specific amenity is an absolute requirement for high-paying medium-term rental clients. It makes the unit instantly discoverable for remote corporate IT professionals, legal experts writing complex case files, and traveling healthcare specialists who need a functional, quiet workspace to stay productive while staying in the urban core. By highlighting this work-from-home capability, the listing targets the highest-paying demographic on platforms like Furnished Finder, insulating the property from seasonal tourism dips and securing stable revenue.

Beautifully updated second bathroom showcasing clean contemporary finishes, a modern vanity with integrated storage, a full tub layout, and crisp amenities catering directly to premium business travelers. Having a second, fully independent luxury bathroom within this condo-duplex framework reinforces the zero-CapEx nature of the property. Every inch of the plumbing and aesthetic infrastructure has been completely updated to protect investor capital and guarantee smooth, low-maintenance operations. Clean, updated bathrooms prevent negative reviews and minimize property management intervention, keeping your operational expenses low and your net operating income consistently high.

The unique double-door configuration showing how seamlessly this dual-occupancy floor plan functions in real-world scenarios. This setup provides incredible flexibility for co-living, traditional house hacking, or executing a highly profitable dual-tenant MTR strategy. By presenting two distinct, turn-key entry points behind a single secure door, this property stands out as a rare, high-yielding cash cow designed from top to bottom to capture the massive economic growth of Jacksonville’s new downtown. It allows an investor to pivot their strategy instantly based on local demand drivers, ensuring maximum revenue efficiency whether leasing to sports tourists or corporate executives.

Open the main entrance door to Unit 305 to reveal the secure, private shared foyer. This custom vestibule is the only floor plan of its kind in the entire Residences at City Place building, specifically redesigned to maximize spatial efficiency and rental yield. It functions as a private, common reception area that separates the entries to both fully furnished suites. This layout is perfect for owner-occupant house hacking, multi-generational co-living with extended family, or operating a high-yield dual-income rental property.

Secure interior corridor entryway welcoming owners and guests to Unit 305. Situated within a professionally managed condo building, this property offers a highly desirable, low-maintenance urban lifestyle backed by robust building security features, secure fob access, and well-lit common pathways. This structure significantly reduces the overhead and physical management burdens typically associated with traditional single-family rental properties, making it an ideal asset for passive portfolio growth. It reassures out-of-state buyers that the property exterior, structural security, and common areas are handled by a dedicated association, protecting their time and investment.

Well-maintained, secure common spaces and elevator bays on the third floor of the historic Residences at City Place. Located right in the heart of Downtown Jacksonville, the building's strong operational standing and excellent upkeep protect your long-term equity. Investors benefit from a secure, clean environment that leaves a fantastic first impression on arriving short-term rental guests and high-end corporate clients alike, directly supporting premium pricing models. This operational stability, combined with the explosive multi-billion dollar neighborhood growth right outside the front doors, secures massive long-term appreciation potential.

Property Type: Residential Income Bedrooms: 2 Baths: 2 Square Footage: 187,700 Status: Active

Current Price: $270,000 List Date: 5/28/2026 Last Modified: 7/09/2026

Overview

Description

Skip construction delays and buy an active cash flow engine in Downtown Jacksonville. Delivering an 7.7% CAP Rate ($20,811 NOI), this renovated, furnished 984 sqft condo features a dual-key layout splitting into two private, self-contained rental spaces primed for mid-term rentals (MTR). Unbeatable location inside the multi-billion dollar Gateway Jax and Pearl Square revitalization footprint. Enjoy being minutes from EverBank Stadium, Daily's Place, VyStar Corporate Headquarters, Wells Fargo, the Federal Courthouse, UF Health, and Baptist Health--perfect for traveling professionals and medical staff. Building features a secure entrance, elevators, a clubhouse, and a fitness center. Better yet, monthly HOA dues cover water, sewer, trash, pest control, security, and full exterior structure maintenance. Ideal for a 1031 exchange. Can be combined with unit 701 A&B with a similar floorplan (blended proforma CAP is 8.0%). See MLS #2146561, 2149099, 2149215. CASH ONLY.

Listing Details MLS# 2147558

General Property Information

Number Of Units Total: 2
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 984
Living Area Source: Assessor
Building Area Total: 187700
Accessibility Features YN: Yes
New Construction YN: No
Year Built: 1949
Garage YN: No
Carport YN: No
Association YN: Yes
Association Fee: 950
Association Fee Frequency: Monthly
Association Name: Residences at City Place Condominium Association
Association Phone: (904) 420-0152
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Furnished
Stories Total: 17
Stories: Yes
Entry Level: Yes
Directions: From I-95, take Exit 353B toward W Union St. Continue straight on W Union St. Right on N Laura St. Right on W Ashley St, City Place will be on your right. Street parking via ParkMobile app, M-F 8am-6pm.
Public Remarks: Skip construction delays and buy an active cash flow engine in Downtown Jacksonville. Delivering an 7.7% CAP Rate ($20,811 NOI), this renovated, furnished 984 sqft condo features a dual-key layout splitting into two private, self-contained rental spaces primed for mid-term rentals (MTR). Unbeatable location inside the multi-billion dollar Gateway Jax and Pearl Square revitalization footprint. Enjoy being minutes from EverBank Stadium, Daily's Place, VyStar Corporate Headquarters, Wells Fargo, the Federal Courthouse, UF Health, and Baptist Health--perfect for traveling professionals and medical staff. Building features a secure entrance, elevators, a clubhouse, and a fitness center. Better yet, monthly HOA dues cover water, sewer, trash, pest control, security, and full exterior structure maintenance. Ideal for a 1031 exchange. Can be combined with unit 701 A&B with a similar floorplan (blended proforma CAP is 8.0%). See MLS #2146561, 2149099, 2149215. CASH ONLY.
List Price/SqFt: 274.39
Lot Size Acres: 0
Bathrooms Half: 0

Property Features

Appliances: Electric Cooktop; Electric Water Heater; Microwave; Refrigerator Association Amenities: Clubhouse; Elevator(s); Fitness Center; Laundry; Management - Off Site; Management - On Site; Management - Part Time; Security; Trash; Water Association Fee Includes: Maintenance Grounds; Maintenance Structure; Pest Control; Security; Trash; Water Cooling: Central Air; Electric; Separate Meters Current Use: Residential Financial Data Source: Owner Green Energy Efficient: Thermostat Heating: Central; Electric; Separate Meters Income Includes: Rent Only Laundry Features: Common Area; Lower Level Levels: One Listing Terms: Cash; Other Lot Features: Corner Lot Owner Pays: Association Fees; Electricity; Insurance; Parking Fee; Taxes; Other Parking Features: On Street; Parking Lot; Unassigned Possession: Close Of Escrow; Other Road Frontage Type: City Street Road Surface Type: Paved Security Features: Carbon Monoxide Detector(s); Closed Circuit Camera(s); Entry Phone/Intercom; Fire Alarm; Fire Sprinkler System; Firewall(s); Key Card Entry; Secured Lobby Sewer: Public Sewer Showing Requirements: Other Smart Home Features: Programmable Thermostat Utilities: Electricity Connected; Separate Electric Meters; Sewer Connected; Water Connected Water Source: Public

Contract Information

Listing Contract Date: 2026-05-28
Property Sub Type: Duplex

Location Tax and Legal

Street Number: 311
Street Direction Prefix: W
Street Name: ASHLEY
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32202
Subdivision Name: Residences At City Place
MLS Area Major: 073-Downtown Jacksonville-Northbank

Status Change Information

Major Change Timestamp: 2026-07-09T21:27:58Z
Major Change Type: Price Change
Price Change Timestamp: 2026-07-09T21:27:58Z

Currently Not Used

Property Attached YN: Yes
yn11: No
Accessory Dwelling Unit Y/N: No

More Information

Income and Expenses

Gross Income: 38602
Net Operating Income: 22209
Operating Expense: 16393

Unit 1 Details

Unit ID: A
Actual Rent: 20602
Unit SqFt: 492
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: Airbnb, Furnished Finders

Unit 2 Details

Unit ID: B
Actual Rent: 18000
Unit SqFt: 492
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: Airbnb, Furnished Finders

Location, Tax, and Legal

Unit Number: 305 A&B
Country: US
Parcel Number: 0739030070
Tax Annual Amount: 2024.17
Tax Year: 2025
Tax Legal Description: 39-2S-26E RESIDENCES AT CITY PLACE CONDOMINIUM UNIT 305 .908525 INT COMMON ELEMENT O/R 13785-624

Appliances

Electric Cooktop: Yes
Electric Water Heater: Yes
Microwave: Yes
Refrigerator: Yes

Association Amenities

Clubhouse: Yes
Elevator(s): Yes
Fitness Center: Yes
Laundry: Yes
Management - Off Site: Yes
Management - On Site: Yes
Management - Part Time: Yes
Security: Yes
Trash: Yes
Water: Yes

Association Fee Includes

Maintenance Grounds: Yes
Maintenance Structure: Yes
Pest Control: Yes
Security: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Cooling

Central Air: Yes
Electric: Yes
Separate Meters: Yes

Current Use

Residential: Yes

Financial Data Source

Owner: Yes

Green Energy Efficient

Thermostat: Yes

Heating

Central: Yes
Electric: Yes
Separate Meters: Yes

Income Includes

Rent Only: Yes

Laundry Features

Common Area: Yes
Lower Level: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Other: Yes

Lot Features

Corner Lot: Yes

Owner Pays

Association Fees: Yes
Electricity: Yes
Insurance: Yes
Parking Fee: Yes
Taxes: Yes
Other: Yes

Parking Features

On Street: Yes
Parking Lot: Yes
Unassigned: Yes

Possession

Close Of Escrow: Yes
Other: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Security Features

Carbon Monoxide Detector(s): Yes
Closed Circuit Camera(s): Yes
Entry Phone/Intercom: Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Firewall(s): Yes
Key Card Entry: Yes
Secured Lobby: Yes

Sewer

Public Sewer: Yes

Showing Requirements

Other: Yes

Smart Home Features

Programmable Thermostat: Yes

Utilities

Electricity Connected: Yes
Separate Electric Meters: Yes
Sewer Connected: Yes
Water Connected: Yes

View

City: Yes

Water Source

Public: Yes

Listing Office: JPAR CITY AND BEACH

Last Updated: July - 09 - 2026

Information deemed reliable but not guaranteed.

311 W ASHLEY Street 305 A&B, Jacksonville, FL 32202 (MLS# 2147558)