865 COLE Road
Jacksonville, FL 32218
MLS# 2141944
10 beds | 6 baths
Property DescriptionExceptional income-producing property offering 5 total units on 1.36 acres in the highly convenient Pecan Park area of North Jacksonville. Ideally located just minutes from I-95 and I-295, less than 10 minutes to Jacksonville International Airport, approximately 15 minutes to Downtown Jacksonville, 25 minutes to the beaches, and only 2 miles from River City Marketplace with major shopping, dining, and retail.
Country: US
Parcel Number: 1068430280
Tax Annual Amount: 764.4
Tax Year: 2025
Tax Legal Description: 7 37-1N-27E 1.364
JOHN BROWARD GRANT S/D
NW1/4 OF SEC 11
PT RECD O/R 20235-1657
Number Of Buildings: 2
Lot Size Acres: 1.36
Bathrooms Half: 0
Living Area: 4424
Number Of Units Total: 5
Living Area Source: Owner
CDD Fee YN: No
Association YN: No
Waterfront YN: No
Directions: Take 95N to exit 362A to 295 East. In 1.1 miles turn onto US 17, in .2 turn right onto Main Street. In .4 miles turn left onto Cole Rd W. In .5 miles turn right onto Cole Rd. In .2 miles the home is on the right and gated.
Public Remarks: Exceptional income-producing property offering 5 total units on 1.36 acres in the highly convenient Pecan Park area of North Jacksonville. Ideally located just minutes from I-95 and I-295, less than 10 minutes to Jacksonville International Airport, approximately 15 minutes to Downtown Jacksonville, 25 minutes to the beaches, and only 2 miles from River City Marketplace with major shopping, dining, and retail.
Accessibility Features YN: Yes
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: Yes
Carport Spaces: 6
Pool Private YN: No
Water Body Access YN: No
List Price/SqFt: 155.74
Bedrooms Total: 10
Bathrooms Total: 6
Bathrooms Full: 6
Year Built: 1948
Accessory Dwelling Unit Y/N: Yes
Property Attached YN: Yes
Multi-Family: 1
Residential: 1
Gross Income: 93600
Net Operating Income: 82200
Exterior Maintenance: 1
Grounds Care: 1
Insurance: 1
Pest Control: 1
Additional Parking: 1
Attached: 1
Close Of Escrow: 1
Subject To Tenant Rights: 1
Carbon Monoxide Detector(s): 1
Closed Circuit Camera(s): 1
Security Fence: 1
Security Gate: 1
Unit ID: Unit 1
Actual Rent: 1400
Unit SqFt: 680
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Long term renter - month to month
Unit ID: Unit 2
Actual Rent: 1550
Unit SqFt: 814
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Long term renter - month to month
Unit ID: Unit 3
Actual Rent: 1800
Unit SqFt: 1369
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Long term renter - family - month to month
Unit ID: Unit 4
Actual Rent: 1550
Unit SqFt: 972
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: long term m/m with garage
Unit ID: Unit 5
Actual Rent: 0
Unit SqFt: 589
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: vacant - $1550 expected with garage and carport
Electricity Connected: 1
Separate Electric Meters: 1
Water Connected: 1
Propane: 1
Current Price: $689,000
List Price: $689,000
Status: Active
Listing Contract Date: 2026-04-25
Property Sub Type: Multi Family
Street Number: 865
Street Name: COLE
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32218
Subdivision Name: Oceanway
MLS Area Major: 092-Oceanway/Pecan Park
Major Change Timestamp: 2026-04-25T12:58:30Z
Major Change Type: New Listing
Current Use: Multi-Family; Residential
Listing Terms: Cash; Conventional
Other Structures: Shed(s); Workshop
Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Pest Control; Taxes
Parking Features: Additional Parking; Attached; Carport; Detached; Garage; Off Street; RV Access/Parking
Possession: Close Of Escrow; Subject To Tenant Rights
Security Features: Carbon Monoxide Detector(s); Closed Circuit Camera(s); Security Fence; Security Gate; Smoke Detector(s)
Tenant Pays: All Utilities
Utilities: Electricity Connected; Separate Electric Meters; Water Connected; Propane
This unique multi-unit property features 4 units in the main building plus 1 separate detached home, offering a total of 4,424 square feet of living space. The main building includes three 2-bedroom, 1-bath units, each with private indoor laundry, with one unit also featuring an insulated garage that could easily be converted into an additional bedroom or flex space. Unit sizes include approximately 680 sq ft, 814 sq ft, and 972 sq ft. The spacious primary unit offers 3 bedrooms, 2 bathrooms, 1,369 sq ft, plus a propane stove and propane dryer setup.
The detached home offers an additional 1-bedroom, 1-bath layout with approximately 589 sq ft, plus an attached garage and dedicated laundry room. Both buildings feature tile flooring and tiled bathrooms throughout.
Major system upgrades provide long-term peace of mind, including new plumbing, new roof, updated electrical panels, separate electric meters for each apartment and the detached home, most wiring upgraded to 12-gauge cable, and many hurricane impact windows. The main structure is built with durable red steel construction, metal siding, Hardie board accents, industrial-size gutters, and French drains.
Additional exterior features include two large carports, greenhouse, oversized concrete walkways, a large paved driveway, heavy-duty 14-foot metal gated entry with wireless Ghost Control gate opener, vinyl fencing, propane lines, oversized septic systems with extensive drain field, and beautifully maintained grounds with mature landscaping and St. Augustine grass.
Situated in Flood Zone X on flat, usable land, this rare property offers outstanding flexibility for investors, multi-generational living, house hacking, or owner-occupants seeking strong income potential. Offered at $689,000 with excellent rental upside and long-term value.
Listing Office: COWFORD REALTY & DESIGN LLC
Last Updated: April - 25 - 2026
Information deemed reliable but not guaranteed.