| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Poor |
| Demographics | 45th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1845 Lindberg Dr, Jacksonville, FL, 32210, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1977 |
| Units | 29 |
| Transaction Date | 2014-11-18 |
| Transaction Price | $885,000 |
| Buyer | RB INVESTMENTS LLC |
| Seller | LINBERG PROPERTIES FAMILY LIMITED PARTNE |
1845 Lindberg Dr Jacksonville Multifamily Investment
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and proximity to major employers, according to WDSuite’s CRE market data. With a 1977 vintage, the asset may offer value-add potential to compete effectively in its Inner Suburb location.
Neighborhood
The property sits in a B-rated Inner Suburb within the Jacksonville metro, ranking above the metro median (173 of 368 neighborhoods). Restaurants and daily needs are accessible, with restaurant and grocery densities comparing favorably to many neighborhoods nationally, while parks and pharmacies are limited in the immediate area.
For investors, unit tenure is a notable strength: the neighborhood posts a renter-occupied share around half of housing units and ranks in a high national percentile for renter concentration. This supports a deeper tenant base for smaller-unit product, though neighborhood occupancy trends are below the metro median, suggesting emphasis on leasing execution and retention.
Demographics aggregated within a 3-mile radius show population growth over the last five years and a faster increase in household counts, indicating smaller average household sizes and a broader renter pool. Looking ahead, forecasts call for additional increases in households by 2028, supporting ongoing demand for rental units and occupancy stability when paired with disciplined leasing and renewals. These dynamics align with insights from WDSuite’s multifamily property research.
Ownership costs in the neighborhood are relatively accessible compared with many U.S. areas, which can create some competition from entry-level ownership options. At the same time, neighborhood rent-to-income levels suggest manageable affordability pressure for renters, which can aid lease retention and reduce turnover risk during normal market conditions.
Safety
Relative to U.S. neighborhoods, this area scores in low national safety percentiles, and it ranks below the metro average (293 of 368) for crime. Recent data also indicate year-over-year increases in both property and violent offense rates. Investors typically underwrite with conservative loss assumptions and prioritize lighting, access control, and partnership with local resources to support resident experience.
As with any submarket displaying weaker safety metrics, leasing and operations can still perform with targeted management, but underwriting should reflect potential variability in marketing timelines, security expenses, and insurance costs compared with stronger-ranked neighborhoods.
Employers
Nearby headquarters and corporate offices anchor a broad employment base, supporting renter demand through commute convenience and stable white-collar payrolls. Key employers include Fidelity National Financial, Fidelity National Information Services, CSX, and Anixter.
- Fidelity National Financial — title & insurance services (4.7 miles) — HQ
- Fidelity National Information Services — financial technology (4.7 miles) — HQ
- CSX — rail & logistics (5.4 miles) — HQ
- Anixter — distribution (16.5 miles)
Why Invest
1845 Lindberg Dr is a 29-unit asset built in 1977, slightly older than the neighborhood average vintage. That positioning can offer a tangible value-add path through renovations and targeted capital planning to improve competitive standing versus older stock. The surrounding neighborhood shows a high renter concentration and growing household counts within a 3-mile radius, supporting a larger tenant base for smaller units and potential occupancy stability with effective leasing.
According to CRE market data from WDSuite, the neighborhood’s occupancy sits below the metro median, and safety metrics trail both metro and national benchmarks—factors that warrant conservative underwriting, focused operations, and potential security investments. Limited park and pharmacy access also suggests attention to on-site amenities and resident services to support retention.
- Value-add potential from 1977 vintage through interior upgrades and systems modernization.
- Strong renter concentration and projected household growth within 3 miles support depth of tenant demand.
- Proximity to multiple corporate headquarters underpins leasing and retention.
- Manageable rent-to-income dynamics can aid renewal capture and pricing discipline.
- Risks: below-median neighborhood occupancy, weaker safety rankings, and limited nearby parks/pharmacies require prudent underwriting and asset management.