Ad #7734315
MLS #2154677
Exceptional Multi-Residence Investment Estate | Strong Cash Flow
865 COLE Rd, Jacksonville, FL 32218
$750,000
10Beds
6Baths
3,380Sqft
1.36Acres
About this property
Exceptional Multi-Residence Investment Estate | Strong Cash Flow | 1.36 Acres | Future Development Potential Rarely does a property offer this combination of immediate income, extensive recent improvements, valuable acreage, and long-term upside. Situated on 1.36 acres in one of North Jacksonville's fastest growing and most convenient locations, this exceptional property features five separate residences totaling approximately 4,424 square feet, creating an outstanding opportunity for investors, multi-generational families, business owners, or anyone seeking a property with multiple income streams and exceptional flexibility. Currently generating $7,800 per month ($93,600 annually) in rental income with only four of the five residences occupied, this property offers immediate cash flow while offering the opportunity to increase annual income by an added $18,600 simply by leasing the fifth residence. Based on the current financials, the property produces approximately $82,200 in annual Net Operating Income, representing an attractive 10.96% cap rate at the $750,000 asking price. The property consists of four residential units plus a detached single-family home, offering flexibility that is nearly impossible to find in today's market. Three residences feature 2 bedrooms, 1 bathroom, each with private interior laundry. The largest residence offers 3 bedrooms, 2 bathrooms, more than 1,360 square feet, and propane service for both the range and dryer. One residence also includes an insulated garage that could easily be converted into additional living space. The detached home provides even greater versatility, making it ideal as an owner-occupied residence, guest house, property manager's quarters, employee housing, or an additional rental opportunity. Extensive capital improvements have already been completed, providing peace of mind and minimizing future maintenance expenses. Recent upgrades include: * New 6,250+ square foot ribbed metal roof * Updated plumbing throughout * New electrical panels with separate electric meters and primarily 12-gauge wiring * Hurricane-impact windows throughout most of the property * Durable red steel construction with predominantly metal siding * Matching tile flooring throughout all residences * Industrial-sized gutters with French drains * New appliances and propane service * Two oversized septic systems with expansive drain fields * Vinyl fencing with a heavy-duty automatic Ghost security gate The exterior is equally impressive with a 220-foot paved driveway, two large carports, greenhouse, oversized concrete RV pad with full RV hookups, extensive parking, and beautifully maintained grounds. The property is located in Flood Zone X, meaning it is outside of a designated flood hazard area. Location is another major advantage. Just minutes from I-95 and I-295, the property is less than 10 minutes from Jacksonville International Airport, approximately 15 minutes to Downtown Jacksonville, about 25 minutes to Jacksonville's beaches, and only minutes from River City Marketplace, offering major retailers, restaurants, and entertainment. Unlike most investment properties, this estate offers multiple exit strategies. Continue operating it as a high-performing income property, occupy one residence while the remaining units generate substantial rental income, create a private multi-generational family compound, or explore the property's future development potential. Due to its size and configuration, the parcel may offer the opportunity for future subdivision or additional residential development, subject to buyer verification with the appropriate governmental authorities. With more than 4,400 square feet of living space, 1.36 acres, substantial recent improvements, existing cash flow, and future upside, this is a truly unique opportunity that would be extraordinarily difficult--and significantly more expensive--to recreate at today's land and construction costs. Properties offering this combination of inco
Property Features
10 Beds
6 Baths
3,380 Sqft
Built in 1948
1.36 Acres
1 Story
Carport, Garage
Central
$764 / yr property tax
Duval County
Oceanway Community
Additional Photos
Contact Information
STEVE GORDON
Epique Realty, Inc.
914-320-7547
Location
Listing Agent: STEVE GORDON 914-320-7547
Broker: Epique Realty, Inc. 904-955-4577 Listing Site
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Epique Realty, Inc. 904-955-4577 Listing Site
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
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$750,000
10
Beds
6
Baths
3,380
Sqft
865 COLE Rd, Jacksonville, FL 32218
By contacting this agent you agree to these Terms and Conditions.
MLS# 2154677
Exceptional Multi-Residence Investment Estate | Strong Cash Flow
$750,000
865 COLE Rd, Jacksonville, FL 32218
10
Beds
6
Baths
3,380
Sqft
1.36
Acres
$750,000
865 COLE Rd, Jacksonville, FL 32218
10 Beds
6 Baths
3,380 Sqft
1.36 Acres
Exceptional Multi-Residence Investment Estate | Strong Cash Flow | 1.36 Acres | Future Development Potential Rarely does a property offer this combination of immediate income, extensive recent improvements, valuable acreage, and long-term upside. Situated on 1.36 acres in one of North Jacksonville's fastest growing and most convenient locations, this exceptional property features five separate residences totaling approximately 4,424 square feet, creating an outstanding opportunity for investors, multi-generational families, business owners, or anyone seeking a property with multiple income streams and exceptional flexibility. Currently generating $7,800 per month ($93,600 annually) in rental income with only four of the five residences occupied, this property offers immediate cash flow while offering the opportunity to increase annual income by an added $18,600 simply by leasing the fifth residence. Based on the current financials, the property produces approximately $82,200 in annual Net Operating Income, representing an attractive 10.96% cap rate at the $750,000 asking price. The property consists of four residential units plus a detached single-family home, offering flexibility that is nearly impossible to find in today's market. Three residences feature 2 bedrooms, 1 bathroom, each with private interior laundry. The largest residence offers 3 bedrooms, 2 bathrooms, more than 1,360 square feet, and propane service for both the range and dryer. One residence also includes an insulated garage that could easily be converted into additional living space. The detached home provides even greater versatility, making it ideal as an owner-occupied residence, guest house, property manager's quarters, employee housing, or an additional rental opportunity. Extensive capital improvements have already been completed, providing peace of mind and minimizing future maintenance expenses. Recent upgrades include: * New 6,250+ square foot ribbed metal roof * Updated plumbing throughout * New electrical panels with separate electric meters and primarily 12-gauge wiring * Hurricane-impact windows throughout most of the property * Durable red steel construction with predominantly metal siding * Matching tile flooring throughout all residences * Industrial-sized gutters with French drains * New appliances and propane service * Two oversized septic systems with expansive drain fields * Vinyl fencing with a heavy-duty automatic Ghost security gate The exterior is equally impressive with a 220-foot paved driveway, two large carports, greenhouse, oversized concrete RV pad with full RV hookups, extensive parking, and beautifully maintained grounds. The property is located in Flood Zone X, meaning it is outside of a designated flood hazard area. Location is another major advantage. Just minutes from I-95 and I-295, the property is less than 10 minutes from Jacksonville International Airport, approximately 15 minutes to Downtown Jacksonville, about 25 minutes to Jacksonville's beaches, and only minutes from River City Marketplace, offering major retailers, restaurants, and entertainment. Unlike most investment properties, this estate offers multiple exit strategies. Continue operating it as a high-performing income property, occupy one residence while the remaining units generate substantial rental income, create a private multi-generational family compound, or explore the property's future development potential. Due to its size and configuration, the parcel may offer the opportunity for future subdivision or additional residential development, subject to buyer verification with the appropriate governmental authorities. With more than 4,400 square feet of living space, 1.36 acres, substantial recent improvements, existing cash flow, and future upside, this is a truly unique opportunity that would be extraordinarily difficult--and significantly more expensive--to recreate at today's land and construction costs. Properties offering this combination of inco
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Property Details
HOME DETAILS
10 Beds
6 Baths
3,380 Sqft
Built in 1948
1.36 Acres
1 Story
EXTERIOR
Carport, Garage
INTERIOR
Central
FINANCIAL & COMMUNITY
$764 / yr property tax
Duval County
Oceanway Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7734315
Viewed
30 times
Listing Status
Active
Added
Jul 09, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
RealMLS
Source Property ID
2154677
Listing Agent: STEVE GORDON 914-320-7547
Broker: Epique Realty, Inc. 904-955-4577 Listing Site
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Epique Realty, Inc. 904-955-4577 Listing Site
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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