| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 49th | Fair |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1025 Assisi Ln, Jacksonville, FL, 32233, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1025 Assisi Ln, Jacksonville FL Multifamily Investment
Inner-suburb location with stable renter demand and mid-range area rents, according to WDSuite’s CRE market data, positions this 24-unit asset for steady leasing and operational consistency.
Located in an Inner Suburb of Jacksonville, the neighborhood carries a C+ rating and performs above the metro median on several livability inputs while remaining competitively priced for tenants. Grocery access is a relative strength (86th percentile nationally), supporting day-to-day convenience even as cafes, parks, and pharmacies are limited locally. Neighborhood rent levels trend mid-market for the metro and have risen over the past five years, signaling durable renter interest without pushing the area into luxury tiers.
Multifamily investors should note an estimated 63.1% share of housing units that are renter-occupied, one of the higher renter concentrations among 368 metro neighborhoods. This depth of the tenant base typically supports leasing continuity and renewal potential, even as the neighborhood occupancy rate measures below metro standouts. In comparative terms, the area is above the metro median on overall housing metrics and remains competitive among Jacksonville neighborhoods for workforce-oriented demand.
Demographic statistics are aggregated within a 3-mile radius: households increased in recent years and are projected to expand further through 2028, even as average household size trends lower. This points to a broader pool of smaller households entering or remaining in the rental market, which can support occupancy stability and absorption. Median incomes in the 3-mile area are strong and rising, which, alongside neighborhood-level rent-to-income ratios near one-quarter, indicates manageable affordability pressures and supports retention.
Relative to national CRE trends, the neighborhood’s home values sit in a lower national percentile, creating a high-ownership-access market that may introduce some competition from for-sale options. However, for professionally managed apartments, this often translates to steady renter reliance on well-located units that offer convenience and predictable operating costs. According to WDSuite’s CRE market data, the neighborhood sits above metro median on amenity access to essentials and maintains mid-range restaurant density, aligning with workforce housing dynamics rather than discretionary, amenity-driven demand.
Safety outcomes lag both national and metro benchmarks. The neighborhood ranks in the lower half within Jacksonville (ranked 221 out of 368 neighborhoods), and national comparisons place it in a low percentile for safety. Recent year-over-year trends indicate reported incidents have moved higher, suggesting investors should underwrite prudent security measures and operating practices.
For acquisition and asset management planning, this context supports enhanced on-site controls, lighting, and resident engagement to sustain leasing and retention. Comparisons are best made against similar Inner Suburb assets across Jacksonville rather than prime core locations, with expectations set accordingly for marketing and expense line items.
Proximity to regional corporate employers underpins a commuting renter base and supports lease-up and retention for workforce-oriented units. Notable employment nodes within a roughly 15–16 mile commute include transportation, financial services, and distribution.
- CSX — transportation & logistics (14.7 miles) — HQ
- Fidelity National Financial — financial services (15.38 miles) — HQ
- Fidelity National Information Services — financial technology (15.38 miles) — HQ
- Anixter — distribution (16.34 miles)
This 24-unit Jacksonville asset benefits from a renter-oriented neighborhood, mid-market rent positioning, and access to essential retail—factors that support durable occupancy and operating consistency. The area shows a high share of renter-occupied housing units, a growing household base within a 3-mile radius, and grocery access that outperforms many peers, all of which point to steady tenant demand rather than discretionary, amenity-led leasing.
According to CRE market data from WDSuite, neighborhood rents have advanced over the past five years while rent-to-income ratios remain manageable, indicating room for disciplined revenue management without overextending affordability. Forward-looking household growth and smaller household sizes suggest a broader renter pool over time. Key underwriting considerations include tempered expectations on neighborhood-wide occupancy and thoughtful security investment given below-average safety metrics.
- Renter-heavy neighborhood supports a deeper tenant base and renewal potential
- Mid-market rents with manageable rent-to-income dynamics support retention
- 3-mile household growth and smaller household sizes broaden renter pool
- Essential retail access (notably groceries) aids day-to-day livability
- Risk: Below-average safety metrics and sub-peak neighborhood occupancy warrant prudent opex and marketing