$270,000
311 W ASHLEY Street 305 A&B
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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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. Fully renovated, light-filled living area featuring stylish contemporary furniture, zero carpet, low-maintenance luxury flooring, and a streaming-ready smart TV setup. Location is everything for short-term rental success, and this property puts your guests right in the middle of it all inside the multi-billion dollar Gateway Jax and Pearl Square downtown revitalization footprint. Located just minutes from the Jaguars’ new $1.4B Stadium of the Future and the surrounding Sports and Entertainment District, this space is perfectly optimized to capture premium nightly rates during major game days, corporate conferences, and high-profile stadium events. The open layout ensures a seamless flow for guests, providing an inviting, high-end urban experience that maximizes property reviews and drives consistent repeat bookings from vacationers and traveling sports fans looking to stay in the heart of downtown. 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
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.

Details
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
General Property Information
Lot Size Acres: 0
Bathrooms Half: 0
Living Area: 984
Number Of Units Total: 2
Living Area Source: Assessor
Building Area Total: 187700
CDD Fee 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
Waterfront YN: No
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.
Accessibility Features YN: Yes
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Furnished: Furnished
Stories: 1
Stories Total: 17
Entry Level: 1
Water Body Access YN: No
List Price/SqFt: 274.39
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 1949
Currently Not Used
Accessory Dwelling Unit Y/N: No
Property Attached YN: Yes
yn11: No
Appliances
Electric Cooktop: 1
Electric Water Heater: 1
Microwave: 1
Refrigerator: 1
Association Amenities
Clubhouse: 1
Elevator(s): 1
Fitness Center: 1
Laundry: 1
Management - Off Site: 1
Management - On Site: 1
Management - Part Time: 1
Security: 1
Trash: 1
Water: 1
Association Fee Includes
Maintenance Grounds: 1
Maintenance Structure: 1
Pest Control: 1
Security: 1
Sewer: 1
Trash: 1
Water: 1
Cooling
Central Air: 1
Electric: 1
Separate Meters: 1
Current Use
Residential: 1
Financial Data Source
Owner: 1
Green Energy Efficient
Thermostat: 1
Heating
Central: 1
Electric: 1
Separate Meters: 1
Income and Expenses
Gross Income: 38602
Net Operating Income: 22209
Operating Expense: 16393
Income Includes
Rent Only: 1
Laundry Features
Common Area: 1
Lower Level: 1
Levels
One: 1
Listing Terms
Cash: 1
Other: 1
Lot Features
Corner Lot: 1
Owner Pays
Association Fees: 1
Electricity: 1
Insurance: 1
Parking Fee: 1
Taxes: 1
Other: 1
Parking Features
On Street: 1
Parking Lot: 1
Unassigned: 1
Possession
Close Of Escrow: 1
Other: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Security Features
Carbon Monoxide Detector(s): 1
Closed Circuit Camera(s): 1
Entry Phone/Intercom: 1
Fire Alarm: 1
Fire Sprinkler System: 1
Firewall(s): 1
Key Card Entry: 1
Secured Lobby: 1
Sewer
Public Sewer: 1
Showing Requirements
Other: 1
Smart Home Features
Programmable Thermostat: 1
Unit 1 Details
Unit ID: A
Actual Rent: 20602
Unit SqFt: 492
Beds Total: 1
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Airbnb, Furnished Finders
Unit 2 Details
Unit ID: B
Actual Rent: 18000
Unit SqFt: 492
Beds Total: 1
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Airbnb, Furnished Finders
Utilities
Electricity Connected: 1
Separate Electric Meters: 1
Sewer Connected: 1
Water Connected: 1
View
City: 1
Water Source
Public: 1
Contract Information
Current Price: $270,000
List Price: $270,000
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
Status Change Information
Major Change Timestamp: 2026-07-09T21:27:58Z
Major Change Type: Price Change
Price Change Timestamp: 2026-07-09T21:27:58Z
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
Source MLS Verified

Last Updated: July - 09 - 2026

Information deemed reliable but not guaranteed.

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