| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 38th | Fair |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4375 Confederate Point Rd, Jacksonville, FL, 32210, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2021-07-20 |
| Transaction Price | $28,595,000 |
| Buyer | HERITAGE MULTIFAMILY PARTNERS LLC |
| Seller | JACKSONVILLE DS JR LLC |
4375 Confederate Point Rd Jacksonville Value-Add Multifamily
Renter demand is supported by a majority renter-occupied housing base and solid 3-mile household growth, according to WDSuite’s CRE market data. The 1973 vintage offers renovation and repositioning potential versus newer nearby stock.
Located in an inner-suburban pocket of Jacksonville, the neighborhood rates a C and sits below the metro median on overall amenities (ranked 273 of 368). Retail and services are limited in the immediate area, so residents typically rely on nearby corridors for groceries, dining, and daily needs; childcare access is a relative bright spot, ranking stronger than many Jacksonville neighborhoods.
For multifamily investors, the share of housing units that are renter-occupied is high (ranked 36 of 368), indicating a deep tenant base and supporting lease-up and retention potential. Neighborhood occupancy trends are in the mid-to-high 80s, suggesting workable stability with room for operational improvement against stronger-performing Jacksonville sub-areas, based on CRE market data from WDSuite.
Within a 3-mile radius, population and households have expanded over the past five years and are projected to continue growing through 2028, pointing to a larger tenant base over time. Median incomes in this radius have risen meaningfully, and rents are forecast to advance further, which can support revenue growth if managed with affordability in mind.
Home values in the neighborhood sit in the mid-$200,000s and, relative to local incomes (high value-to-income ratio, top tier in the metro), indicate a high-cost ownership market for many households. That dynamic generally sustains reliance on rental options and can aid pricing power, though it also elevates lease management considerations where rent-to-income ratios trend in the high 20s.
The property’s 1973 construction predates the neighborhood’s average vintage (early 1980s), which signals potential capital planning needs alongside value-add upside. Thoughtful renovations and system updates can sharpen competitive positioning against newer assets while targeting durable renter demand.
Relative to Jacksonville’s 368 neighborhoods, this area ranks in the lower half for safety (crime rank 232 of 368) and sits in a low national safety percentile, indicating higher reported crime than many neighborhoods nationwide. Recent year-over-year figures also point to increases in both property and violent offenses, per WDSuite’s market data, reinforcing the importance of proactive management.
Investors commonly address conditions like these with visible property security, lighting, and community standards, and by underwriting for slightly higher operating attention. Monitoring metro-level trend improvements and submarket policing initiatives may help contextualize risk over the hold period.
Proximate corporate headquarters and offices within a short drive support a broad workforce renter base and commute convenience. Key nearby employers include financial services and transportation firms noted below.
- Fidelity National Financial — financial services (5.1 miles) — HQ
- Fidelity National Information Services — financial technology (5.1 miles) — HQ
- CSX — transportation & logistics (5.8 miles) — HQ
- Anixter — distribution (15.1 miles)
This 24-unit asset benefits from a renter-heavy neighborhood and expanding 3-mile household base, supporting near-term leasing and longer-term tenant depth. According to CRE market data from WDSuite, neighborhood occupancy is serviceable but trails stronger Jacksonville pockets, creating room for operational improvement. The 1973 vintage implies near-term capital planning and offers value-add potential to modernize interiors and building systems, improving competitive standing against newer product.
Ownership costs in the area are relatively high versus incomes, which tends to reinforce rental demand and can aid pricing power when paired with measured lease management. At the same time, below-median amenity density and safety metrics warrant careful underwriting and on-site management focus.
- Renter-heavy neighborhood supports a deeper tenant base and leasing durability
- 1973 vintage presents value-add and systems-upgrade upside versus newer stock
- High relative ownership costs sustain rental reliance and potential pricing power
- Operational opportunity to lift performance where neighborhood occupancy trails stronger metro areas
- Risks: lower amenity density and below-average safety require proactive security and asset management