| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 20th | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1800 Edgewood Ave W, Jacksonville, FL, 32208, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2002 |
| Units | 120 |
| Transaction Date | 2020-02-21 |
| Transaction Price | $6,225,000 |
| Buyer | HALLMARK ROSALIND VILLAS LLC |
| Seller | TRALEE RAYS ROSALIND VILLAS SENIOR LLC |
1800 Edgewood Ave W Jacksonville Multifamily Investment
Neighborhood data points to a higher renter concentration than national norms, supporting a stable tenant base even as occupancy trends evolve, according to WDSuite’s CRE market data. A 2002 vintage positions the asset competitively versus older nearby stock while leaving room for selective upgrades.
Located in Jacksonville’s inner-suburban fabric, the property benefits from everyday conveniences with strong grocery and pharmacy access relative to many U.S. neighborhoods (both scoring in the higher national percentiles), while parks, cafes, and childcare options are limited. Restaurants are reasonably represented. For investors, this mix suggests day-to-day livability with some amenity gaps that may influence retention strategies and unit feature prioritization.
The surrounding neighborhood ranks 307 out of 368 metro neighborhoods on WDSuite’s overall index, placing it below the metro median. However, the housing stock here skews older than the asset itself (neighborhood average construction year 1968 across 368 neighborhoods), giving a 2002-built community a relative competitive edge in curb appeal and systems compared with legacy product, while acknowledging that aging components may still require modernization planning.
Unit tenure signals a workable renter pool: the neighborhood’s share of renter-occupied housing is higher than national norms (73rd percentile), which supports depth of demand for multifamily. Within a 3-mile radius, households have increased over the last five years while average household size trended lower, expanding the number of potential renters and supporting occupancy stability for well-managed properties.
Home values in the immediate area remain comparatively low in the national context, while value-to-income ratios sit above many markets, indicating a high-cost ownership environment relative to local incomes. For investors, this dynamic tends to sustain renter reliance on multifamily housing and can support lease retention, even as rent-to-income ratios suggest relatively moderate affordability pressure that favors renewal management.
Safety indicators are weaker than the metro median, with the neighborhood ranked 279 out of 368 Jacksonville neighborhoods on WDSuite’s index. Nationally benchmarked percentiles place the area in a lower tier for safety compared with U.S. neighborhoods. Investors typically address this with practical measures such as lighting, access controls, and community management to support resident experience and leasing stability.
Trend awareness is important: recent year-over-year changes have shown volatility in both violent and property offense rates. Proactive operating plans and partnerships with local resources are common risk mitigants in similar submarkets.
Proximity to major employers supports a workforce-renter demand profile with short commutes to downtown rail, fintech, and title/insurance operations. The employers below represent the core drivers likely to influence leasing velocity and retention.
- CSX — transportation & logistics (4.4 miles) — HQ
- Fidelity National Financial — title & insurance services (4.6 miles) — HQ
- Fidelity National Information Services — fintech (4.6 miles) — HQ
- Anixter — electrical distribution (19.7 miles)
This 120-unit, 2002-vintage asset sits newer than much of the nearby housing stock, providing a competitive position versus older properties while leaving room for targeted value-add to exteriors, interiors, and building systems over time. According to commercial real estate analysis from WDSuite, the surrounding neighborhood shows a higher renter concentration than national norms, which supports tenant base depth as households within a 3-mile radius expand and average household size declines — dynamics that typically favor occupancy stability for professionally managed assets.
Local ownership costs remain elevated relative to incomes even where headline home values are modest, reinforcing steady multifamily demand. Amenity coverage is strongest in daily-needs retail (grocers, pharmacies), with fewer parks and cafes; aligning property amenities and services to everyday convenience and security can help drive renewals. Key risks include below-median safety and weaker school ratings, which argue for active asset management and disciplined leasing.
- 2002 construction offers an edge versus older neighborhood stock with selective upgrade potential
- Renter-occupied housing share above national norms supports demand depth and leasing stability
- Everyday-needs retail nearby (grocers, pharmacies) underpins livability and retention
- Workforce employment base within 5 miles (rail, fintech, title/insurance) sustains the renter pool
- Risks: below-median safety and weaker schools require proactive operations and security planning