| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 74th | Best |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1701 San Pablo Rd S, Jacksonville, FL, 32224, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1701 San Pablo Rd S Jacksonville Multifamily Opportunity
2013-vintage, 24-unit asset in an A+ suburban Jacksonville neighborhood where strong schools and elevated ownership costs help support renter demand, according to WDSuite’s CRE market data. The investment angle centers on durable demand drivers with mid-range neighborhood occupancy that rewards hands-on leasing and renewal management.
Located in a suburban A+–rated pocket of Jacksonville (ranked 15 out of 368 metro neighborhoods), the area offers a balanced mix of amenities and daily needs. Parks, cafes, restaurants, and pharmacies index above many U.S. neighborhoods, and average school ratings are strong at 4.0 (ranked 18 of 368), supporting family-oriented renter appeal and retention.
The property’s 2013 construction is newer than the neighborhood’s average 1996 vintage, which can enhance competitive positioning versus older stock and may reduce near-term capital expenditure intensity, while still allowing targeted value-add or modernization over time.
Neighborhood rent levels benchmark above many areas nationally, while the rent-to-income profile signals manageable affordability pressure (rent-to-income ratio at the neighborhood level is measured, not the property). Elevated home values locally and a higher value-to-income ratio indicate a high-cost ownership market, which tends to sustain reliance on multifamily housing and can aid pricing power and lease retention.
Within a 3-mile radius, demographics show recent population growth with households expanding and average household size trending lower. Projections point to continued population growth and a notable increase in household counts over the next five years, implying a larger tenant base and additional demand for rental units that can support occupancy stability, based on CRE market data from WDSuite.
Safety trends are mixed. At the metro level, this neighborhood’s crime rank is 136 out of 368 Jacksonville neighborhoods, indicating it is not among the safest areas locally. Nationally, crime percentiles for both property and violent offenses sit below average, which suggests investors should underwrite with conservative assumptions around security measures and insurance.
Year-over-year indicators show recent upticks in violent offense rates at the neighborhood level. While block-level conditions vary, prudent operators often focus on lighting, access control, and resident engagement to support leasing and retention. Monitoring trend direction alongside metro benchmarks can help calibrate risk over the hold period.
Proximity to several corporate offices in Jacksonville underpins commuter demand and supports leasing stability, particularly for professionals tied to rail transportation, electrical distribution, and financial services sectors listed below.
- CSX — rail transportation (12.8 miles) — HQ
- Anixter — electrical distribution (13.4 miles)
- Fidelity National Financial — insurance/financial services (13.5 miles) — HQ
- Fidelity National Information Services — fintech (13.5 miles) — HQ
The asset’s 2013 vintage, modest 24-unit scale, and A+ suburban location combine to position it competitively against older neighborhood stock. Elevated home values and strong schools support renter demand, while neighborhood rents and a measured rent-to-income profile point to manageable affordability pressure that can aid renewal rates. According to CRE market data from WDSuite, neighborhood occupancy is mid-range, suggesting outcomes should favor attentive leasing, renewal discipline, and targeted value-add to capture demand.
Within a 3-mile radius, recent population growth and a projected increase in households over the next five years expand the local renter pool, which can support occupancy stability. Nearby corporate employment nodes add commuter convenience that can help with leasing velocity and retention, though investors should account for local safety trends and potential volatility in operating expenses.
- 2013 construction offers competitive positioning versus older neighborhood stock and potential for targeted value-add
- A+ suburban Jacksonville location with strong schools and amenity depth supports family-oriented renter demand
- High-cost ownership market reinforces reliance on rentals, aiding pricing power and lease retention
- 3-mile radius shows growth and forecast household expansion, expanding the tenant base and supporting occupancy
- Risks: below-average national safety metrics and mid-range neighborhood occupancy call for conservative underwriting and active management