| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3544 Saint Johns Bluff Rd S, Jacksonville, FL, 32224, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2000 |
| Units | 20 |
| Transaction Date | 2021-12-21 |
| Transaction Price | $21,117,200 |
| Buyer | 3544 ST JOHNS BLUFF ROAD SOUTH FL OWNER LLC |
| Seller | LOGANS POINTE ASSOCIATES LTD |
3544 Saint Johns Bluff Rd S, Jacksonville Multifamily Investment
Renter demand is supported by a strong nearby employment base, while neighborhood occupancy trends warrant careful underwriting according to WDSuite s CRE market data.
Located in Jacksonville s inner suburb fabric, the area scores well for daily convenience. Amenity density sits in the top quintile nationally, with groceries, pharmacies, and restaurants ranking competitively among 368 Jacksonville neighborhoods. This mix supports resident retention and reduces commute friction for errands.
Within a 3-mile radius, population and household counts have expanded in recent years, and WDSuite s data projects additional population growth and a sizable increase in households through 2028. This expansion points to a larger tenant base and supports occupancy stability for well-positioned multifamily assets.
Tenure patterns in the 3-mile area show a majority of housing units are renter-occupied, indicating depth in the renter pool and steady leasing demand. At the neighborhood level, the renter-occupied share is competitive among Jacksonville neighborhoods (rank 108 of 368), reinforcing demand for professionally managed apartments rather than single-family ownership alternatives.
Ownership costs in the immediate neighborhood skew high relative to local incomes (top national percentile by value-to-income ratio), a dynamic that tends to sustain reliance on rental housing and can support pricing power when paired with prudent lease management. Median home values trend above national midpoints, while rent levels remain market-anchored, which together can aid lease retention for pragmatic operators.
The asset s 2000 construction is slightly newer than the neighborhood average (1997), offering relative competitiveness versus older stock; investors should still plan for selective system upgrades or cosmetic refreshes to maximize positioning and support renewals.
Safety metrics indicate the neighborhood underperforms both nationally and within the metro. Based on WDSuite s data, the area falls in a low national safety percentile and ranks 320 out of 368 Jacksonville neighborhoods, signaling crime levels above the metro average. Investors commonly address this with targeted measures such as lighting, access control, and operational vigilance, and should underwrite insurance and security line items accordingly.
Proximity to major corporate employers supports workforce housing demand and commute convenience for residents, notably in logistics and financial services: CSX, Fidelity National Financial, Fidelity National Information Services, and Anixter.
- CSX railroad & logistics HQ (8.6 miles) HQ
- Fidelity National Financial title & insurance services (9.1 miles) HQ
- Fidelity National Information Services fintech & payments (9.1 miles) HQ
- Anixter distribution & network solutions (10.1 miles)
3544 Saint Johns Bluff Rd S offers a 2000-vintage footprint that competes well against older neighborhood stock, with amenity access in the top national tier and proximity to major employers that support leasing velocity. Within a 3-mile radius, population growth and a rising household count point to a larger tenant base, while a majority renter-occupied mix underpins demand for multifamily units. According to CRE market data from WDSuite, ownership costs appear elevated relative to neighborhood incomes, which can sustain rental reliance and pricing power when paired with disciplined lease management.
Key underwriting considerations include neighborhood-level occupancy running below the metro median and safety metrics that trail regional norms. These factors argue for conservative lease-up assumptions, modest credit tightening, and targeted capital toward security and curb appeal. The 2000 vintage suggests selective modernization can create value-add upside without full-scope repositioning.
- Amenity-rich inner suburb location supports retention and day-to-day convenience.
- 3-mile radius shows population growth and rising households, expanding the tenant base.
- Majority renter-occupied mix nearby indicates depth of demand for multifamily units.
- 2000 construction offers competitive positioning with potential for targeted value-add upgrades.
- Risks: below-metro neighborhood occupancy and weaker safety metrics warrant conservative underwriting and security investment.