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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.1 / 15
Active
$270,000

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

2Beds
2Baths
984SqFt

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Listed by Amber L'Esperance • JPAR CITY AND BEACH

About This Home

DOWNTOWN JACKSONVILLE 3rd Floor Condo DUPLEX: 7.78% CAP ($21K NOI) with 2 KEYS and POTENTIAL FOR 4 KEYS TOTAL! Located in Residences at City Place, this single deeded parcel features a dual-key floor plan with 2 private units (A&B) behind 1 main entry door for true DUPLEX cash flow. This renovated, fully furnished property offers a turnkey dual-income layout optimized for STR/MTR performance. Controlling 2 doors in 1 asset mitigates vacancy risk and maximizes earnings on Airbnb, Furnished Finder, or VRBO. Situated in Downtown Jax's Gateway Jax and Pearl Square growth zone near EverBank Stadium (Go Jags!), Daily's Place, VyStar Arena, UF Health, and the Federal Courthouse. Amenities: fitness center, clubhouse, elevators, key-card entry, and laundry. Turnkey 1031 Exchange Asset. Bundle with Unit 701 A&B (MLS #2149215) to control 4 keys at an 8.22% blended proforma CAP rate. Cash only, no creative financing.

Property Details

MLS #2147558
Property typeDuplex
Year built1949
Living area984 sq ft
SubdivisionResidences At City Place
CountyDuval
MLS area073-Downtown Jacksonville-Northbank
HOA$950 / monthly
On market sinceMay 28, 2026

Features

Heating

  • Central
  • Electric
  • Separate Meters

Cooling

  • Central Air
  • Electric
  • Separate Meters

Parking

  • On Street
  • Parking Lot
  • Unassigned

Laundry

  • Common Area
  • Lower Level

Utilities

  • Electricity Connected
  • Separate Electric Meters
  • Sewer Connected
  • Water Connected
  • Public Sewer
  • Public

View

  • City
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Listing data courtesy of realMLS. Information deemed reliable but not guaranteed.

Data last updated October 11, 2026 at 3:21 PM ET.