| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 34th | Poor |
| Amenities | 50th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1248 Kingsley Ave, Orange Park, FL, 32073, US |
| Region / Metro | Orange Park |
| Year of Construction | 1998 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1248 Kingsley Ave Orange Park Multifamily Investment
Neighborhood occupancy near 95% and a renter-occupied share in the low-40% range indicate a durable demand base around the asset, according to WDSuite’s CRE market data. These are neighborhood-level indicators that point to stable leasing conditions rather than property-specific performance.
Located in Orange Park’s Inner Suburb within the Jacksonville metro, the neighborhood carries a B rating and performs above the metro median (rank 167 of 368 neighborhoods). For investors, that positioning suggests competitive livability and service access without the pricing volatility often seen in core urban submarkets, based on CRE market data from WDSuite.
Amenity access is practical: neighborhood metrics show solid grocery and restaurant density (nationally in the 70s percentiles), supported by stronger-than-average pharmacy and childcare presence. Cafés and parks are limited, so lifestyle appeal skews toward everyday convenience rather than destination amenities. Average school ratings trend below national norms, which may influence unit mix strategy toward young professionals, service workers, and downsizing households.
At the neighborhood level, occupancy is strong and competitive nationally, and the renter-occupied share sits in the low-40% range. This indicates a meaningful multifamily tenant pool and supports ongoing leasing stability. Home values are elevated relative to local incomes but not extreme, which can sustain reliance on rentals while still requiring disciplined pricing and renewal management to protect retention.
Demographics are aggregated within a 3-mile radius and show a modest population dip over the past five years alongside a rise in household counts, signaling smaller household sizes and a potential shift toward 1–2 person renter demand. Forecasts call for additional household growth and higher incomes into the next cycle, which, if realized, would expand the renter pool and support occupancy and effective rent growth over time.
Neighborhood safety indicators compare favorably at the national level. Property offense measures sit in the top decile nationally, and violent offense levels trend around the upper third compared to neighborhoods nationwide. Recent data also point to a year-over-year decrease in property offenses but an uptick in violent offenses, underscoring the importance of standard on-site measures (lighting, access controls) and active management. These are neighborhood-level indicators rather than block-specific conditions, according to CRE market data from WDSuite.
Proximity to major employers in Downtown Jacksonville underpins renter demand via steady white-collar employment and manageable commutes. The employment base includes financial services and logistics firms noted below, which can support leasing velocity and retention.
- Fidelity National Financial — financial services (10.9 miles) — HQ
- Fidelity National Information Services — financial technology (10.9 miles) — HQ
- CSX — rail & logistics (11.5 miles) — HQ
- Anixter — distribution (11.9 miles)
1248 Kingsley Ave offers 64 units built in 1998, giving it a younger vintage than much of the surrounding stock and a relatively competitive position versus 1980s-era assets. Neighborhood-level occupancy is strong and the renter-occupied share is meaningful, supporting depth of tenant demand. Within a 3-mile radius, households have increased even as population edged down, suggesting smaller household sizes and steady need for multifamily options. According to commercial real estate analysis from WDSuite, ownership costs remain high enough locally to reinforce ongoing reliance on rentals, though pricing discipline remains important for lease retention.
The 1998 vintage may present selective value-add opportunities (unit interiors, common areas, energy systems) while avoiding the heavier capital profile of older properties. Forecasts for rising household counts and incomes point to potential demand resilience; however, below-average neighborhood school ratings and mixed safety trends argue for targeted amenities and security practices to maintain leasing strength.
- 1998 construction provides competitive positioning versus older nearby stock with manageable modernization scope
- Neighborhood-level occupancy strength and a sizable renter-occupied share support leasing stability
- 3-mile household growth and rising incomes indicate a larger tenant base and potential rent durability
- Ownership costs reinforce reliance on rentals, aiding retention if pricing is managed thoughtfully
- Risks: lower school ratings, mixed safety trends, and limited lifestyle amenities require focused asset management