865 COLE Road
Jacksonville, FL, 32218 $ 689,000
Bedrooms10 Baths6.0 Sq 4,424 Monthly Estimate*
$ 4,242
for $689,000 with 10 bedrooms and 6 full baths. This 4,424 square foot home was built in 1948 on a lot size of 1.36.
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. 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.
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FeaturesGeneralSewer Septic Tank
Heating Central
Cooling Central Air
Utilities Electricity Connected Separate Electric Meters Water Connected Propane
Possession Close Of Escrow Subject To Tenant Rights
Garage Spaces 2.0
Security Features Carbon Monoxide Detector(s) Closed Circuit Camera(s) Security Fence Security Gate Smoke Detector(s)
Year Built 1948
Tenant Pays All Utilities
Levels One
Property Subtype Multi Family
Tax Year 2025
Current Use Multi-Family Residential
Parcel Number 1068430280
Gross Income 93600.0
County Duval
Net Operating Income 82200.0
New Construction 0
Property Type Residential Income
HOA N
Attached Garage Y
Subdivision Name Oceanway
Garage Y/N Y
Other Structures Shed(s) Workshop
Full Baths 6
Status Active
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 o
City Jacksonville
Senior Community Y/N N
Number Of Units Total 5
MLS Area 092-Oceanway/Pecan Park
Lot Size Units Acres
Lot Size Square Feet 59241.6
Carport Spaces 6.0
Carport Y/N Y
Listing Terms Cash Conventional
Property Attached Y/N Y
Tax Annual Amount 764.4
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 092-Oceanway/Pecan Park
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Cash True
Conventional True
Water Body Access Y/N None
CDD N
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ExteriorParking Features Additional Parking Attached Carport Detached Garage Off Street RV Access/Parking
Lot Features Cleared
Lot Size Area 1.36
Number of Buildings 2
Spa N
Lot Size Acres 1.36
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 10
Total Baths 6
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* Excluded FeaturesList ByCowford Realty & Design LlcBroker
sydneyjaxrealtor@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,242
- Monthly Property Taxes
- $64
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Jacksonville, FL
Average List Price $623,032
Percent of Sale Price 10%
About Jacksonville, FL 899,320 Population
22% Since 2002
$ 49,805 Median Income
37.69 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
308105 Elementary School
308138 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/25/2026 | $689,000 | | Listed Price |