| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 49th | Fair |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2768 State Road A1A, Jacksonville, FL, 32233, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1986 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2768 State Road A1A Jacksonville Multifamily Investment
Neighborhood renter concentration is elevated and supports a deep tenant base, according to WDSuite’s CRE market data, with grocery access competitive among Jacksonville submarkets.
This inner-suburban location offers day-to-day convenience, with grocery availability ranking competitive among 368 Jacksonville neighborhoods, while restaurants are moderate and cafes, parks, and pharmacies are limited within the immediate area. For investors, that mix points to steady utility for residents rather than destination retail, which can translate into durable, needs-based renter demand.
The neighborhood 7s share of housing units that are renter-occupied is high at 63.1% (top decile locally), signaling meaningful depth in the tenant pool and reinforcing multifamily leasing velocity. Neighborhood occupancy is below the metro median at 87.7% (ranked 263 of 368), suggesting room for operational outperformance at the asset level where renovation, management, or positioning can capture demand.
Within a 3-mile radius, households have grown in recent years and are projected to expand further even as household sizes trend smaller, indicating a larger number of households competing for housing. That dynamic typically supports occupancy stability and broadens the prospective renter pool for well-managed properties.
Ownership costs in the neighborhood are relatively accessible (median home values sit below national norms), which can increase competition from for-sale options; however, a rent-to-income ratio near 0.25 indicates manageable affordability pressure that can aid retention and reduce turnover risk for appropriately priced units.
Safety metrics for the neighborhood trend below national norms, with crime indicators sitting in lower national percentiles. Recent year-over-year changes indicate an uptick in both violent and property offenses compared with many U.S. neighborhoods.
Investors should plan for prudent measures that support resident experience and leasing performance d dfor example, lighting, access controls, and community engagement d dwhile monitoring citywide and neighborhood trends over time rather than drawing block-level conclusions from a single period.
Proximity to major employers supports commuter convenience and leasing depth, with nearby roles anchored by transportation, fintech, and industrial distribution. The list below reflects notable corporate offices and headquarters within typical commuting distance that can underpin renter demand.
- CSX d rail transportation (14.7 miles) d HQ
- Fidelity National Financial d title & insurance services (15.4 miles) d HQ
- Fidelity National Information Services d fintech (15.4 miles) d HQ
- Anixter d distribution & electrical products (16.8 miles)
This 120 dunit multifamily asset sits in an inner suburb with a renter doriented housing base and needs dbased retail access. Neighborhood occupancy trends are below the metro median, which can create a path for asset dlevel outperformance through targeted operations, value dadd positioning, and disciplined pricing. According to CRE market data from WDSuite, household growth within a 3 dmile radius and a high share of renter doccupied units in the immediate neighborhood point to depth in the tenant base and support for leasing stability.
Rents in the broader area have grown while rent dto dincome readings remain manageable, aiding renewal capture and reducing turnover risk for appropriately amenitized product. At the same time, relatively accessible ownership costs in the neighborhood and below dnational safety percentiles warrant conservative underwriting on retention and marketing spend, as well as attention to resident experience measures.
- Renter doccupied housing share is high locally, indicating a deep tenant base and support for leasing velocity.
- Household growth within 3 miles and smaller household sizes expand the prospective renter pool over time.
- Grocery access is competitive in the metro, reinforcing day dto dday livability for residents.
- Manageable rent dto dincome levels support pricing power and renewal capture when paired with serviceable amenities.
- Risks: below dnational safety percentiles and more accessible ownership alternatives call for conservative retention and marketing strategies.