| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Poor |
| Demographics | 45th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2506 Jammes Rd, Jacksonville, FL, 32210, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1975 |
| Units | 54 |
| Transaction Date | 2021-04-08 |
| Transaction Price | $1,132,800 |
| Buyer | JJTA12 REAL PROPERTIES LLC |
| Seller | JJTA5 REAL PROPERTIES LLC |
2506 Jammes Rd Jacksonville Multifamily Investment
Occupancy in the surrounding neighborhood has been steady but below peak levels, with roughly half of housing units renter-occupied—supporting a durable tenant base, according to WDSuite’s CRE market data. Positioning and operational execution will matter, but demand fundamentals in this inner-suburb location remain serviceable for value-focused strategies.
Located in an inner-suburb pocket of Jacksonville, the property benefits from everyday conveniences: neighborhood-level food and grocery options are comparatively dense, with restaurants and grocery availability landing in higher national percentiles. Cafés and childcare access score in the top quartile nationally, pointing to family-friendly services that support daily living and leasing appeal based on CRE market data from WDSuite.
The neighborhood ranks 173 out of 368 Jacksonville neighborhoods (above metro median) on overall performance—a mid-pack position that signals workable fundamentals with room for operational upside. While formal school ratings are not available, the area’s amenity rank (83 of 368) indicates practical access to necessities that can help with retention.
Vintage matters for capital planning: built in 1975, the asset predates the neighborhood’s average construction year (1982). Investors should underwrite for selective system upgrades and potential interior refreshes; in return, value-add scope can enhance competitive positioning versus older nearby stock while targeting durable rent bands.
Tenure patterns indicate about half of housing units are renter-occupied at the neighborhood level, which generally supports depth of the tenant pool and day-to-day leasing stability. In the 3-mile radius, recent population and household growth—paired with forecasts that point to further increases and smaller average household sizes—suggest a larger renter base over time, supporting occupancy and renewal prospects.
Ownership costs in the immediate area are relatively more accessible than in high-cost metros, which can create some competition from entry-level ownership. Even so, rent-to-income levels in the neighborhood read as manageable, a factor that can support retention and reduce turnover-related costs if pricing stays aligned with local incomes.
Safety indicators at the neighborhood level trail national benchmarks, with crime measures landing in lower national percentiles. Within the Jacksonville metro, the neighborhood’s crime rank is 293 out of 368, indicating below-average safety compared with many metro peers. Conditions can vary by block and change over time, so investors typically focus on property-level lighting, access control, and resident engagement to support on-site outcomes.
Framing for underwriting: position security CapEx and operating practices as part of the value-add plan, and evaluate submarket policing trends and recent year-over-year movements rather than relying on a single snapshot.
Nearby headquarters and corporate offices create a diversified white-collar employment base that supports renter demand and commute convenience, including Fidelity National Financial, Fidelity National Information Services, CSX, and Anixter.
- Fidelity National Financial — insurance & title services (5.4 miles) — HQ
- Fidelity National Information Services — fintech & payments (5.4 miles) — HQ
- CSX — rail transportation (6.2 miles) — HQ
- Anixter — electrical distribution (16.4 miles)
This 54-unit, 1975-vintage asset offers a pragmatic value-add angle in a neighborhood with serviceable renter demand and everyday amenities. Neighborhood renter concentration sits near half of occupied housing, and 3-mile demographics show recent growth with further expansion projected—supporting a larger tenant base and steady leasing activity. According to CRE market data from WDSuite, neighborhood occupancy has been stable but below peak levels, making asset-specific operations, renovations, and resident experience key to driving performance.
Relative accessibility of ownership in the area can temper pricing power, but rent-to-income levels read manageable, which can aid retention when renewal strategies are calibrated to local incomes. With vintage-driven CapEx and interior modernization, investors can reposition toward durable rent bands supported by proximity to major employers and daily-life amenities.
- Value-add potential: 1975 vintage suggests selective system and interior upgrades can lift competitiveness
- Demand depth: neighborhood renter-occupied share near half and 3-mile growth support a broader tenant base
- Everyday convenience: strong access to restaurants, groceries, cafés, and childcare supports livability and retention
- Employer proximity: multiple nearby headquarters underpin white-collar demand and commute convenience
- Key risks: below-metro safety and softer neighborhood occupancy require focused operations and security CapEx