311 W ASHLEY Street 305, Jacksonville, FL 32202

$289,900

311 W ASHLEY Street 305
Jacksonville, FL 32202
MLS# 2147558
2 beds | 2 baths | 187700 sqft

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.

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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 Description
7.66% CAP Rate Airbnb Cash Cow! This unique, fully renovated condo-duplex setup requires zero CapEx and delivers two active STR/MTR income streams in one turnkey transaction. Behind the main entrance door sit two completely private, self-contained rental apartments generating consistent, year-round rental demand. Location is everything. You are sitting right in the middle of it all inside the multi-billion dollar Gateway Jax / Pearl Square downtown revitalization footprint and just minutes from the Jaguars' $1.4B Stadium of the Future / Sports & Entertainment District. This highly desirable downtown location is just steps from the Federal Courthouse, Fortune 500 corporate headquarters, and major banking hubs, driving a steady pipeline of healthcare professionals, legal experts, and corporate clientele. This prime positioning offers passive investors a recession-proof combination of high-yielding immediate cash flow and massive long-term equity appreciation.

Details

Maps

Contract Information

Current Price: $289,900

List Price: $289,900

Status: Active

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

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: 1

Entry Level: 1

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: 7.66% CAP Rate Airbnb Cash Cow! This unique, fully renovated condo-duplex setup requires zero CapEx and delivers two active STR/MTR income streams in one turnkey transaction. Behind the main entrance door sit two completely private, self-contained rental apartments generating consistent, year-round rental demand. Location is everything. You are sitting right in the middle of it all inside the multi-billion dollar Gateway Jax / Pearl Square downtown revitalization footprint and just minutes from the Jaguars' $1.4B Stadium of the Future / Sports & Entertainment District. This highly desirable downtown location is just steps from the Federal Courthouse, Fortune 500 corporate headquarters, and major banking hubs, driving a steady pipeline of healthcare professionals, legal experts, and corporate clientele. This prime positioning offers passive investors a recession-proof combination of high-yielding immediate cash flow and massive long-term equity appreciation.

List Price/SqFt: 294.61

Status Change Information

Major Change Timestamp: 2026-05-28T22:17:46Z

Major Change Type: New Listing

Currently Not Used

Property Attached YN: Yes

yn11: No

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

Beds Total: 1

Full Baths Total: 1

Furnished: Furnished

Unit Remarks: Listed on Airbnb

Unit 2 Details

Unit ID: B

Actual Rent: 18000

Unit SqFt: 492

Beds Total: 1

Full Baths Total: 1

Furnished: Furnished

Unit Remarks: Listed on Airbnb

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

Listing Office: JPAR CITY AND BEACH

Last Updated: May - 28 - 2026

Information deemed reliable but not guaranteed.

Main Content

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