| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 51st | Fair |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3900 Oldfield Crossing Dr, Jacksonville, FL, 32223, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1997 |
| Units | 24 |
| Transaction Date | 2014-04-23 |
| Transaction Price | $109,000 |
| Buyer | RAYMER LARRY JAMES |
| Seller | MEYER STEPHEN |
3900 Oldfield Crossing Dr Jacksonville Multifamily Investment
Neighborhood occupancy is notably tight, supporting stable leasing dynamics for nearby assets, according to WDSuite’s CRE market data. Strong daily-needs access reinforces renter stickiness while pricing should remain disciplined in line with submarket fundamentals.
Located in Jacksonville’s inner suburbs, the area around 3900 Oldfield Crossing Dr shows investor-friendly fundamentals. Neighborhood occupancy is exceptionally high (neighborhood figure, not property-specific), which has historically supported steady rent rolls and limited downtime between turns. The amenity profile is competitive, landing in the top quartile among 368 metro neighborhoods and mid-50s nationally, led by strong access to groceries, parks, and pharmacies that bolster day-to-day livability.
Vintage matters. Built in 1997, the property is newer than the neighborhood’s average vintage (1985), suggesting relative competitiveness versus older stock; investors should still plan for systems modernization and selective upgrades to maintain positioning against newer deliveries.
Tenure patterns indicate depth for rentals: the neighborhood’s renter-occupied share is roughly one-half of housing units, supporting a broad tenant base. Within a 3-mile radius, renters account for about one-third of units, which, alongside median contract rents and a rent-to-income ratio near 0.22 at the neighborhood level, points to manageable affordability pressure that can aid retention while moderating near-term pricing power.
Demographics aggregated within a 3-mile radius show population growth over the last five years, with households expanding and forecast to continue rising through 2028. Household incomes have also trended higher, and rents are projected to grow from current levels, together implying a gradually expanding renter pool that supports occupancy stability and leasing velocity, based on CRE market data from WDSuite.
Relative to metro and national context, the area’s daily-needs access is a strength (high national percentiles for grocery, park, and pharmacy availability), while café and childcare density is thinner. Home values sit near national mid-range with a value-to-income ratio around the national median, which tends to sustain renter reliance on multifamily housing without creating outsized retention risk.
Safety indicators for the neighborhood are below national safety percentiles, and the area ranks weaker than many Jacksonville neighborhoods on crime (ranked toward the lower half among 368). Recent year-over-year estimates indicate increases in both property and violent offenses. These are neighborhood-level signals and can vary block to block; investors typically underwrite with enhanced security measures, lighting, and resident engagement to support retention and asset performance.
Proximity to logistics, financial services, and rail transportation employers underpins workforce housing demand and commute convenience for renters. The following nearby employers anchor the local job base referenced here.
- Anixter — electrical and network distribution (5.35 miles)
- Fidelity National Financial — title/financial services (11.28 miles) — HQ
- Fidelity National Information Services — fintech & payments (11.28 miles) — HQ
- CSX — rail transportation (11.45 miles) — HQ
This 24-unit, 1997-vintage asset benefits from a neighborhood with historically tight occupancy, competitive daily-needs access, and proximity to diverse employers. The vintage is newer than the local average, positioning the property well versus older stock while leaving room for targeted capital plans to refresh building systems and common areas as needed.
Within a 3-mile radius, population and household growth, rising incomes, and rent trajectories point to a gradually expanding tenant base that supports leasing stability. Neighborhood-level rent-to-income metrics suggest moderate affordability pressure that can aid retention, while investors should underwrite conservatively for safety variability and maintain prudent operating reserves, based on CRE market data from WDSuite.
- Tight neighborhood occupancy supports stable leasing and limited downtime
- 1997 vintage is competitive versus older stock; plan selective modernization
- Expanding 3-mile household base and rising incomes reinforce renter demand
- Daily-needs access (groceries, parks, pharmacies) enhances renter convenience
- Risks: below-average safety metrics and thinner café/childcare density; underwrite for security and marketing