| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 86th | Best |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2165 Dunsford Ter, Jacksonville, FL, 32207, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1973 |
| Units | 106 |
| Transaction Date | 2016-03-25 |
| Transaction Price | $8,000,000 |
| Buyer | LCP Jacksonville LLC |
| Seller | --- |
2165 Dunsford Ter Jacksonville Multifamily Investment
Inner-suburban location with stable neighborhood occupancy and strong household incomes points to durable renter demand, according to WDSuite’s CRE market data. Neighborhood metrics reflect the surrounding area, not the property, and indicate competitive amenities and top-tier schools that support leasing fundamentals.
Located in Jacksonville’s inner suburb, the surrounding neighborhood is highly competitive among metro peers, ranking in the top quartile among 368 Jacksonville neighborhoods (A+ overall). Amenities score above national medians, with parks in the top quartile nationally, helping underpin livability and tenant retention.
Neighborhood occupancy is strong and has improved over the past five years, signaling resilient renter demand relative to broader metro trends. Median rents in the area sit above national midpoints, and the rent-to-income ratio indicates manageable affordability pressure, supporting pricing power while maintaining lease stability.
Schools in the neighborhood rate at the top of national distributions, which can support longer tenancy durations for family-oriented renters. Dining, grocery, and pharmacy access test above national averages, though childcare access is limited locally — a consideration for unit mix and marketing.
Construction vintage in the area skews older than this asset. With a 1973 build versus an earlier neighborhood average, the property is relatively newer than much of the surrounding stock, offering competitive positioning; however, investors should plan for selective modernization as systems age to sustain performance.
Within a 3-mile radius, recent population growth has been modest while household counts have expanded, indicating smaller household sizes and a larger renter base over time. Forward-looking estimates point to further household growth, which supports a deeper tenant pool and occupancy stability for multifamily assets in this submarket.
Ownership costs in the neighborhood are elevated relative to incomes, a high-cost ownership context that tends to sustain reliance on rental housing. For multifamily owners, this dynamic can reinforce demand depth and aid renewal retention in steady macro conditions.
Relative safety in the surrounding neighborhood trends below national averages and sits in the lower half among 368 Jacksonville neighborhoods. Nationally benchmarked metrics place the area in a lower percentile for safety, and recent year-over-year readings indicate increases in both property and violent offense rates.
Investors should underwrite with prudent assumptions, emphasizing on-site security practices, lighting, and resident engagement, and monitor citywide trends for improvements or further shifts. Framed against the broader metro, the area’s safety profile may require elevated operating attention but does not preclude stable operations when paired with strong management.
Proximity to major downtown employers supports a steady workforce renter base and commute convenience, with concentration in rail transportation and financial services. The following nearby employers can bolster leasing velocity and retention for workforce and professional tenants.
- CSX — rail transportation (2.5 miles) — HQ
- Fidelity National Financial — financial services (2.6 miles) — HQ
- Fidelity National Information Services — financial technology (2.6 miles) — HQ
- Anixter — distribution (12.9 miles)
This 106-unit, 1973-vintage asset benefits from a high-performing inner-suburban location where neighborhood occupancy is solid and amenities and schools test above national benchmarks. The property is newer than much of the surrounding stock, offering relative competitiveness with value-add potential through targeted updates to interiors and building systems. According to CRE market data from WDSuite, neighborhood rents and incomes support stable leasing dynamics while elevated home values in the area reinforce sustained reliance on multifamily housing.
Within a 3-mile radius, modest population growth alongside a meaningful increase in households expands the local renter pool, supporting occupancy stability and renewal rates. Nearby downtown employment anchors in transportation and financial services add daily demand drivers and retention upside during normal labor market conditions. Key risks include a below-average safety profile and limited childcare access locally, which call for thoughtful operations and amenity positioning.
- Inner-suburban location with strong neighborhood occupancy and top-tier schools supports durable demand
- 1973 vintage is newer than local average, with clear value-add and modernization pathways
- Household growth within 3 miles enlarges the renter base and supports leasing stability
- Elevated ownership costs in the area bolster multifamily reliance and pricing power
- Risks: below-average safety metrics and limited childcare access may require enhanced operations and resident services