| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 38th | Fair |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2401 Jammes Rd, Jacksonville, FL, 32210, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1973 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2401 Jammes Rd Jacksonville Multifamily Investment Opportunity
Stabilized renter demand in an inner-suburban pocket of Jacksonville with proximity to major employers and daily-needs retail, according to WDSuite’s CRE market data. The 112-unit scale positions operations for efficiency while allowing room for targeted value-add.
Located in Jacksonville’s inner suburbs, the neighborhood posts a B- rating and sits above the metro median for overall performance (rank 191 of 368 neighborhoods). Daily-needs access is a relative strength: grocery and pharmacy density track in the top decile nationally, and restaurants benchmark well above national averages, while parks and cafes are limited. For investors, this points to convenient essentials that support leasing, with fewer lifestyle amenities that could cap premium positioning.
Multifamily fundamentals are steady. Neighborhood occupancy has held around the low-90s over the past five years, indicating durable absorption and turnover that can be managed through standard leasing practices. The share of housing units that are renter-occupied is around 40%, signaling a meaningful tenant base that supports ongoing demand while leaving room for capture from adjacent ownership stock.
Within a 3-mile radius, households have expanded over the last five years and are projected to grow further through 2028, indicating renter pool expansion over the medium term. Median incomes have trended higher, and rent levels in this pocket remain positioned for broad workforce reach, supporting occupancy stability and measured pricing power rather than luxury-oriented premiums.
Asset vintage in the surrounding area skews late-1960s on average; this property’s 1973 construction is slightly newer than neighborhood norms, which can offer relative competitiveness versus older stock while still benefiting from select modernization to meet current renter expectations. Home values remain moderate for the metro, which can sustain rental demand as some households favor multifamily options for flexibility and total housing cost considerations.
Safety indicators for the neighborhood are below U.S. norms, with crime measures benchmarking in the lower national percentiles and ranking below the metro median (rank 280 of 368 neighborhoods). Recent year-over-year estimates point to elevated property and violent offense rates relative to national comparisons.
For investors, this calls for practical risk management: emphasize lighting and visibility, access controls, and partnership with professional security and community programs. Framed appropriately, on-site operations and resident engagement can help support leasing and retention despite broader area statistics.
The nearby employment base includes financial services and transportation headquarters within an efficient commute, which supports workforce housing demand and resident retention at this location: Fidelity National Financial, Fidelity National Information Services, CSX, and Anixter.
- Fidelity National Financial — insurance & title services (5.3 miles) — HQ
- Fidelity National Information Services — fintech & payments (5.3 miles) — HQ
- CSX — rail & logistics (6.1 miles) — HQ
- Anixter — distribution (16.4 miles)
The investment case centers on stable, workforce-oriented demand, convenient access to daily-needs retail, and proximity to multiple Fortune 500 employers. Neighborhood occupancy has trended in the low-90s, and the 3-mile area shows ongoing growth in households, which supports a larger tenant base and steady lease-up. At 1973 construction, the asset is slightly newer than nearby stock, offering relative competitiveness with clear potential for targeted renovations to drive rent premiums without overextending capex.
Home values in this pocket are moderate for Jacksonville, reinforcing reliance on multifamily for many households and supporting retention. According to CRE market data from WDSuite, amenity access ranks competitively in the metro for essentials, while school ratings and safety metrics trail regional and national benchmarks — considerations that warrant stronger on-site management, resident services, and marketing geared to value and convenience.
- Workforce demand supported by nearby headquarters and daily-needs retail, aiding leasing velocity and retention
- Household growth within 3 miles points to renter pool expansion and occupancy stability over the medium term
- 1973 vintage is slightly newer than area norms, with value-add and modernization opportunities to enhance NOI
- Moderate ownership costs in the submarket sustain reliance on rentals, supporting steady demand
- Risk: below-average safety and weak school ratings require proactive operations and resident engagement