| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 58th | Good |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3909 Sunbeam Rd, Jacksonville, FL, 32257, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 2001-12-07 |
| Transaction Price | $5,200,000 |
| Buyer | HOME RENTAL COMPANY |
| Seller | MANDARIN LANAI ASSOCIATES LTD |
3909 Sunbeam Rd Jacksonville Multifamily Investment
Neighborhood occupancy has been resilient and supports leasing stability, according to WDSuite’s CRE market data, with renter demand reinforced by a high share of renter-occupied housing units in the immediate area.
Located in Jacksonville’s inner suburban fabric, the property benefits from a renter-driven neighborhood profile and steady occupancy. The neighborhood occupancy rate is 96.1%, competitive among Jacksonville neighborhoods (ranked 89 out of 368), indicating durable demand for multifamily units and supporting lower downtime between turns.
Daily needs are serviceable: pharmacy and grocery access score above metro medians (both in the top quartile among 368 Jacksonville neighborhoods), while cafes and parks are comparatively sparse. This mix favors practical livability and routine errand convenience for residents even if lifestyle retail is thinner nearby.
Schools in the neighborhood trend below national norms (average rating near the 15th percentile nationally), which may influence unit mix strategy and leasing messaging. Median contract rents in the neighborhood sit above the national midpoint and have grown over the last five years, pointing to pricing power that has not outpaced the local renter base, aided by a rent-to-income ratio around 0.22.
Within a 3-mile radius, population and households have increased over the past five years, with further growth projected through 2028. This expansion implies a larger tenant base and supports occupancy stability for well-positioned workforce housing. Home values in the area are moderate in a national context, which can temper move-outs to ownership and help sustain renter retention in comparable multifamily assets.
Crime metrics for the neighborhood are weaker than national benchmarks (violent and property offense percentiles sit in the lower national bands), suggesting investors should underwrite prudent security and loss-prevention measures. The neighborhood’s crime rank is middle-of-the-pack within the Jacksonville metro (368 neighborhoods), indicating conditions that are neither top-tier nor the most challenged locally.
Recent year-over-year fluctuations in estimated offense rates have been elevated, so monitoring trend direction and aligning on-site measures with local best practices remains advisable. Framing within metro context and emphasizing well-lit common areas, access control, and coordination with local resources can help mitigate risk and support resident retention.
Proximate corporate employers provide a diverse white-collar and logistics employment base that supports renter demand through commute convenience. Nearby nodes include Anixter, Fidelity National Financial, Fidelity National Information Services, and CSX.
- Anixter — distribution and network infrastructure (7.2 miles)
- Fidelity National Financial — financial services (8.6 miles) — HQ
- Fidelity National Information Services — financial technology (8.6 miles) — HQ
- CSX — rail transportation (8.7 miles) — HQ
3909 Sunbeam Rd is a 24-unit 1986-vintage asset positioned in an inner-suburban Jacksonville neighborhood where occupancy is strong and renter concentration is high. Based on CRE market data from WDSuite, the neighborhood’s occupancy rate is competitive among metro peers, and nearby daily-needs retail (grocery, pharmacy) outperforms most local areas, supporting resident convenience and lease retention. The 1986 vintage is older than the neighborhood average, creating a clear value-add path via targeted renovations and building systems updates to sharpen competitive positioning.
Within a 3-mile radius, recent and projected increases in population and households suggest a larger tenant base over the next five years, reinforcing multifamily demand and occupancy stability. Ownership costs in the area remain moderate relative to incomes, which can sustain renter reliance on multifamily housing and support pricing power for refreshed units. Key risks include below-average school ratings and crime metrics that sit below national percentiles, warranting thoughtful security provisions and tenant profile alignment.
- Competitive neighborhood occupancy supports leasing stability
- Inner-suburban location with strong access to daily-needs retail
- 1986 vintage offers value-add and systems-upgrade upside
- Expanding 3-mile renter pool underpins demand and retention
- Risks: lower school ratings and below-national safety percentiles call for prudent operations