| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 76th | Best |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5900 Townsend Rd, Jacksonville, FL, 32244, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1999 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5900 Townsend Rd Jacksonville 20-Unit Investment
Neighborhood occupancy remains firm and renter demand is deep, according to WDSuite s CRE market data, positioning this asset for stable leasing performance within Jacksonville s inner suburbs.
Situated in Jacksonville s Inner Suburb fabric, the area around 5900 Townsend Rd is competitive among Jacksonville neighborhoods (ranked 75 of 368 overall). Neighborhood occupancy is solid and trending higher, with the neighborhood reporting a 95.4% occupied share, supporting steady cash flow dynamics for nearby rentals rather than property-specific performance.
Livability is serviceable with everyday conveniences nearby: grocery, pharmacy, and parks post national percentile standings in the upper half to upper quartile, while cafes and childcare are thinner locally. For investors, this mix suggests practical daily needs are covered, though walkable lifestyle amenities are more limited and may reduce appeal to amenity-seeking renters relative to core locations.
Tenure data indicates a high share of renter-occupied housing at the neighborhood level (57.3%). That elevated renter concentration points to a deeper tenant pool and supports demand stability for multifamily assets in this pocket of Duval County.
Within a 3-mile radius, demographics show recent population growth alongside a faster increase in households, implying smaller average household sizes and a larger tenant base for apartments. Forward-looking projections within the same 3-mile radius anticipate continued growth in households and higher median incomes, which can underpin absorption and sustained occupancy even if population moderates.
The property s 1999 construction is slightly older than the neighborhood average vintage (2003). That age profile suggests potential value-add and systems modernization opportunities to improve competitive positioning against newer stock and support rent trade-outs over time.
On pricing context, neighborhood median contract rents have risen meaningfully over the last five years from a moderate base, while rent-to-income remains measured. For investors, this typically translates to balanced affordability pressure, aiding lease retention and reducing volatility risk relative to higher-cost submarkets.
Safety metrics for the surrounding neighborhood trend below national benchmarks. The area ranks 172 out of 368 Jacksonville neighborhoods on crime, and national percentiles indicate comparatively higher crime exposure than many U.S. neighborhoods. These are neighborhood-level indicators, not property-specific conditions.
Investors typically account for this by emphasizing visible property management, lighting, and access controls, and by underwriting with conservative retention and marketing assumptions. Monitoring trend direction over time and comparing to nearby submarkets can help calibrate risk.
Proximity to major corporate employers supports a broad commuter tenant base and can enhance retention through convenience to downtown and Southbank offices. Notable nearby employers include Fidelity National Financial, Fidelity National Information Services, CSX, and Anixter.
- Fidelity National Financial financial services (7.95 miles) HQ
- Fidelity National Information Services fintech & payments (7.95 miles) HQ
- CSX transportation & logistics (8.59 miles) HQ
- Anixter distribution & wire/cable (13.72 miles)
This 20-unit asset benefits from a neighborhood with steady renter demand, a high share of renter-occupied units, and occupancy that is above the metro median, according to CRE market data from WDSuite. Household growth within a 3-mile radius has outpaced population growth, expanding the renter pool and supporting leasing stability.
Built in 1999, the property is slightly older than nearby stock, creating a practical value-add path through unit refreshes and selective system upgrades to compete with newer deliveries. Neighborhood rents have advanced from a moderate base while rent-to-income remains measured, supporting retention and consistent collections. Key underwriting considerations include neighborhood safety trends and a modest local amenity footprint, which can be addressed through property-level enhancements and targeted marketing.
- High neighborhood renter concentration supports a deep tenant base and occupancy stability.
- Neighborhood occupancy above metro median, reinforcing steady leasing performance.
- 1999 vintage offers value-add potential via interior updates and system modernization.
- Household growth within 3 miles expands the renter pool and supports absorption.
- Risks: below-average neighborhood safety metrics and moderate amenity density; mitigate with active management and conservative underwriting.