| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 42nd | Fair |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5681 Edenfield Rd, Jacksonville, FL, 32277, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2001 |
| Units | 20 |
| Transaction Date | 2015-09-30 |
| Transaction Price | $12,250,000 |
| Buyer | PC SUNDANCE POINTE II LLC |
| Seller | SUNDANCE POINTE ASSOCIATES LTD |
5681 Edenfield Rd Jacksonville Multifamily near Employment Hubs
Steady renter demand is supported by a high renter-occupied housing share in the surrounding neighborhood and growing household counts within 3 miles, according to WDSuite s CRE market data. The property s 2001 construction offers relative competitiveness versus older local stock while still allowing for targeted modernization.
Located in an inner-suburb pocket of Jacksonville, the area shows a sizable renter base: the share of housing units that are renter-occupied ranks in the top quartile nationally and is competitive among Jacksonville neighborhoods (ranked against 368 neighborhoods). For multifamily investors, that depth of renter households supports ongoing leasing activity and helps underpin tenant demand.
The property s 2001 vintage is newer than the neighborhood s average construction year (1985 measured across 368 metro neighborhoods), which can offer an edge on unit layouts and systems versus older stock. Investors may still plan for selective updates to maintain competitiveness and capture renovation-driven rent premiums where feasible.
Livability is mixed: grocery access is relatively solid compared with many neighborhoods nationwide, while cafes, restaurants, parks, and pharmacies are limited locally. This can tilt the area toward car-reliant living, but it also positions assets as practical housing options for value-seeking renters who prioritize unit quality and commute considerations over immediate amenity density.
From a performance standpoint, neighborhood occupancy is below the metro median (ranked 265 out of 368), suggesting leasing and renewal outcomes may depend more on effective operations and pricing discipline. At the same time, elevated home values relative to local incomes (top decile nationally for value-to-income) reinforce renter reliance on multifamily housing, which can support demand resilience and reduce move-outs to ownership.
Demographic statistics aggregated within a 3-mile radius indicate recent population and household growth, with forward projections pointing to further expansion in households. A larger nearby tenant base supports occupancy stability and provides a broader pipeline for lease-ups and renewals.
Safety metrics for the neighborhood trend below both metro and national norms. Crime ranks in the lower tiers compared to Jacksonville (ranked against 368 neighborhoods), and national percentiles indicate performance well below the top quartiles for safety. This context suggests that leasing strategies may benefit from enhanced on-site security measures and resident engagement to support retention.
Because safety outcomes can shift over time, investors should track trend direction and compare to nearby Jacksonville submarkets when underwriting. Using comparative data rather than block-level assumptions helps align expectations with market realities and informs appropriate operating policies.
Nearby anchor employers in logistics and financial technology provide a diversified employment base that can support renter demand and retention. The list below focuses on CSX, Fidelity National Information Services, Fidelity National Financial, and Anixter within commuting distance.
- CSX D rail & logistics (5.4 miles) D HQ
- Fidelity National Information Services D financial technology (6.1 miles) D HQ
- Fidelity National Financial D title & insurance services (6.1 miles) D HQ
- Anixter D distribution & electrical supplies (17.6 miles)
This 20-unit, 2001-built asset benefits from a strong renter-occupied housing presence in the immediate neighborhood and expanding household counts within a 3-mile radius. Compared with older local stock, the vintage offers relative competitiveness while leaving room for targeted value-add to elevate rents and renewal capture. According to CRE market data from WDSuite, neighborhood occupancy trends sit below the metro median, underscoring the importance of disciplined operations and amenity-forward positioning.
Local ownership costs are elevated relative to incomes on a national-comparison basis, which supports sustained reliance on rental housing and can help underpin demand even as new supply competes. Proximity to major employers in rail logistics and financial technology adds depth to the tenant base, while modest neighborhood amenity density and safety perceptions are variables for underwriting and asset management.
- Newer 2001 vintage versus neighborhood average, with potential for targeted renovations
- High renter-occupied housing share supports a deeper tenant base and leasing velocity
- Expanding 3-mile population and households provide demand tailwinds for occupancy stability
- Employment access to CSX and financial technology headquarters supports retention
- Risks: below-metro occupancy trends, lower amenity density, and safety perceptions require proactive management