16
Map
351 & 335 OTIS Road
About This Property
Description:
STOP SCROLLING! If you're looking for build-ready land in Jacksonville, this is it. Forget the 6-month wait for permits/drilling. This 3.53-acre property (split into TWO separate adjoining parcels) comes with a new Deep Artesian Well and Electric Power Pole already installed/ready for use.
Why this property is the best value in 32220:
*Massive Savings: Save $20k+ in immediate development costs. Well/power are already here.
*Two Parcels for One Price: Includes (1.59ac + 1.94ac). Build your dream home on one/sell the other, or create a massive private family compound.
*Ready for Any Vision: Zoned Residential Rural (RR), allowing for site-built homes, modular homes, or mobile homes.
*Prime Location: Mostly cleared/partially fenced. Enjoy the quiet of the country with lightning-fast access to I-10, US-90, and all of Westside Jax's amenities.
*No HOA Restrictions: One of a kind/Unique
*Lots Sold Together Only*
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2026 | Price Decreased |
$234,000
↓ $1K
(0.4%) | |
| Price Decreased | |||
| Jun 4, 2026 | Price Decreased |
$235,000
↓ $10K
(4.1%) | |
| Price Decreased | |||
| May 3, 2026 | Price Decreased |
$245,000
↓ $10K
(3.9%) | |
| Price Decreased | |||
| Mar 11, 2026 | Listed by 1 PERCENT LISTS FIRST COAST | $255,000 | |
| Listed by 1 PERCENT LISTS FIRST COAST | |||
| Oct 15, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017