| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 49th | Fair |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2760 Mayport Rd, Jacksonville, FL, 32233, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1987 |
| Units | 100 |
| Transaction Date | 2019-03-01 |
| Transaction Price | $12,600,000 |
| Buyer | EM Atlantica Blue, LLC |
| Seller | Becovic Management Group |
2760 Mayport Rd Jacksonville FL Multifamily Investment
Neighborhood renter concentration is high, supporting a deep tenant base, and occupancy has edged up over the past five years, according to WDSuite s CRE market data. Positioning near core Jacksonville employment centers offers demand support while keeping operational focus on retention and steady lease-up.
This Inner Suburb location in Jacksonville balances everyday convenience with primarily needs-based amenities. Grocery access is a local strength (high relative availability), while cafes, parks, and pharmacies are limited within the immediate neighborhood. Restaurant density is around the metro middle, offering basic dining options without destination-scale variety.
For investors, tenure mix is a clear positive: the neighborhood s share of renter-occupied housing units is among the highest nationally, signaling depth in the multifamily tenant pool. By contrast, occupancy performance sits below the metro median among 368 neighborhoods, though it has trended upward recently, which can support stability with focused leasing and renewal strategies. Median contract rents at the neighborhood level are above national norms, suggesting headroom for quality assets while still requiring careful affordability management.
Within a 3-mile radius, households have increased despite essentially flat population totals, indicating smaller average household sizes and a broader addressable renter base. Forward-looking data also point to continued household growth alongside further reductions in household size, which typically supports multifamily demand and lease-up velocity.
Home values in the neighborhood are lower relative to national benchmarks, which can introduce some competition from ownership options. Still, moderate rent-to-income levels locally point to manageable affordability pressure, supporting retention when paired with disciplined renewals and service quality. These dynamics, taken together and viewed through commercial real estate analysis from WDSuite, frame the area as a workforce-oriented renter market with steady, needs-driven demand.
Safety indicators for the neighborhood track below both metro and national benchmarks. Based on ranks among 368 Jacksonville neighborhoods and national percentiles, violent offense measures are weaker than average nationally, and property offenses also sit below national norms. Recent year-over-year trends show upticks in estimated offense rates, underscoring the need for proactive on-site management and coordination with local resources.
For investors, the takeaway is comparative rather than block-specific: the area is not among Jacksonville s safer sub-areas and sits below the metro median in safety rankings. Operators typically plan for lighting, access control, and resident engagement to support retention and mitigate perception risk as part of standard asset management.
Proximity to Jacksonville s corporate offices provides a broad white-collar employment base that supports renter demand and renewal stability, notably across rail transportation, fintech, title insurance, and industrial distribution.
- CSX d rail transportation (15.3 miles) d HQ
- Fidelity National Financial d title insurance (16.0 miles) d HQ
- Fidelity National Information Services d fintech (16.0 miles) d HQ
- Anixter d electrical distribution (17.1 miles)
This 100-unit asset benefits from a renter-heavy neighborhood profile and proximity to durable employment nodes. Neighborhood occupancy sits below the metro median among 368 neighborhoods but has improved in recent years, aligning with a larger renter pool within a 3-mile radius as household counts rise and average household size declines. Median neighborhood rents and moderate rent-to-income levels point to a market that can support stable leasing when renewals are managed thoughtfully, according to CRE market data from WDSuite.
Amenity access skews toward daily needs, led by strong grocery availability, while lower neighborhood home values may introduce some competition with ownership. Safety metrics trail metro and national norms, a factor that typically requires active management focus. Overall, the investment case centers on workforce demand depth, operational blocking-and-tackling, and targeted enhancements that reinforce retention and steady occupancy.
- Renter-heavy neighborhood supports a deep tenant base and renewal stability
- Household growth within 3 miles expands the addressable renter pool despite flat population
- Needs-based amenity mix with strong grocery access aids day-to-day livability
- Moderate rent-to-income levels enable disciplined pricing and retention strategies
- Risks: below-median safety metrics and potential competition from ownership options