| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 86th | Best |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2166 Dunsford Ter, Jacksonville, FL, 32207, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1973 |
| Units | 106 |
| Transaction Date | 2018-11-30 |
| Transaction Price | $10,800,000 |
| Buyer | San Marco Jacksonville, LLC |
| Seller | LCP Jacksonville, LLC |
2166 Dunsford Ter, Jacksonville Multifamily Investment
Neighborhood occupancy is competitive among Jacksonville submarkets and supports durable renter demand, according to WDSuite’s CRE market data. Strong local incomes and amenities signal stable lease-up and retention potential for a 100+ unit asset.
Located in an Inner Suburb setting of Jacksonville, the neighborhood scores A+ overall and ranks 14 out of 368 metro neighborhoods, indicating top quartile positioning locally. Amenity access is a strength: parks are abundant (95th percentile nationally), with restaurants and cafes placing the area above typical U.S. concentrations. This combination tends to support renter appeal, weekend activation, and pricing resilience in comparable assets.
Neighborhood occupancy is in the upper tier for the metro (ranked 104 of 368), a signal of steady absorption and limited frictional vacancy relative to many peers. Within a 3-mile radius, renter-occupied housing comprises a majority share, indicating depth in the tenant base for multifamily assets and supporting ongoing leasing velocity. Rent-to-income ratios in the neighborhood are favorable by national comparison, which can bolster retention and lower turnover-related costs.
Schools rate at the top of metro comparisons (ranked 1 of 368) and sit at the highest national percentile, a factor that often correlates with stable household demand and family-oriented tenancy. Median home values in the neighborhood are elevated versus U.S. norms, which typically sustains reliance on multifamily housing and can underpin pricing power for well-managed properties without overextending affordability.
The asset’s 1973 vintage is modestly newer than the neighborhood’s average construction year, giving it a relative competitiveness advantage versus older stock. That said, investors should still plan for systems modernization and common-area improvements to command premiums against both newer deliveries and renovated comparables.
Safety trends are mixed and should be evaluated carefully at the submarket level. The neighborhood’s safety profile sits below the national median (crime measures are around the lower national percentiles), and it ranks in the lower half among 368 Jacksonville metro neighborhoods. Recent one-year trends indicate increases in both property and violent offense estimates, so underwriting should incorporate conservative assumptions for security measures and operational policies.
Investors typically mitigate these dynamics with lighting, access control, and resident engagement, but diligence should confirm how conditions compare with nearby competitive assets and whether trends are stabilizing at the broader city level.
Nearby headquarters and corporate offices provide a strong white-collar employment base that supports commuter convenience and renter retention, notably in rail transportation, financial technology, title insurance, and electrical distribution.
- CSX — rail transportation (2.6 miles) — HQ
- Fidelity National Financial — title insurance (2.7 miles) — HQ
- Fidelity National Information Services — financial technology (2.7 miles) — HQ
- Anixter — electrical distribution (12.9 miles)
This 106-unit, 1973-vintage asset sits in a Jacksonville neighborhood with strong fundamentals: top-quartile local standing, abundant parks and daily-needs access, and neighborhood occupancy that is competitive within the metro. Elevated home values nearby reinforce long-term reliance on rental housing, while favorable rent-to-income dynamics suggest room for disciplined revenue management without undue affordability pressure. Based on commercial real estate analysis from WDSuite, these location traits align with stable demand drivers relative to metro peers.
Within a 3-mile radius, recent growth in households and projections for further increases by 2028 point to a larger tenant base and sustained leasing velocity, even as average household size trends lower. The 1973 vintage is somewhat newer than the area’s average housing stock, offering a practical platform for targeted renovations and system updates to capture value-add upside versus older competitors.
- Competitive neighborhood standing with top-tier schools and strong amenity access supporting leasing stability
- Elevated ownership costs locally reinforce multifamily demand and pricing power for well-managed assets
- Household growth within 3 miles expands the renter pool and supports occupancy over the medium term
- 1973 vintage offers value-add potential through targeted unit and systems modernization
- Risks: below-median safety indicators and recent offense increases warrant conservative underwriting and security investments