| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Poor |
| Demographics | 45th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7101 Wilson Blvd, Jacksonville, FL, 32210, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2008 |
| Units | 28 |
| Transaction Date | 2016-12-01 |
| Transaction Price | $20,130,000 |
| Buyer | EDENS EDGE ACQUISITION LLC |
| Seller | --- |
7101 Wilson Blvd Jacksonville Multifamily Investment
Positioned in an inner-suburban Jacksonville neighborhood with a sizable renter-occupied base, the asset benefits from steady local renter demand even as neighborhood occupancy runs below the metro median, according to WDSuite’s CRE market data. Newer construction relative to nearby stock supports competitive positioning and potential operational durability.
The property sits in an Inner Suburb of Jacksonville rated B and ranked 173 out of 368 metro neighborhoods — above the metro median, per WDSuite’s CRE market data. With a construction year of 2008 versus an area average vintage of 1982, the building is newer than much of the surrounding stock, which can aid leasing competitiveness while still warranting routine system updates as it approaches mid-life.
Daily-needs access is a relative strength: the neighborhood scores above national medians for restaurants, groceries, and cafes, indicating convenient options for residents. Parks and pharmacies are sparse within the immediate neighborhood, so on-site amenities and service coordination can help support retention.
Renter-occupied housing comprises roughly half of neighborhood units, signaling a deep tenant pool for a 28-unit community. Neighborhood occupancy trends below the metro median suggest leasing performance may be more management-sensitive here; disciplined marketing, unit turns, and pricing can be important to stabilize and maintain occupancy.
Within a 3-mile radius, population and households have expanded in recent years and are projected to grow further, with average household size trending lower. This pattern points to a larger tenant base and sustained demand for smaller-format apartments, reinforcing renter demand fundamentals without relying on outsized rent growth assumptions.
Ownership costs in the neighborhood track below national medians, which can introduce some competition from entry-level ownership options. For multifamily operators, this context typically favors product differentiation through maintenance, convenience, and value-forward finishes to drive lease retention.
Safety indicators for the neighborhood trail broader benchmarks. The area ranks 293 out of 368 Jacksonville neighborhoods for overall crime, placing it below the metro median. Nationally, the neighborhood sits in lower percentiles for both violent and property offenses, indicating comparatively higher incident rates than many U.S. neighborhoods.
Investors should underwrite with pragmatic assumptions: emphasize strong lighting, access control, and resident engagement, and budget for security-forward operations as part of asset management. Monitoring trend direction at the neighborhood level and coordinating with local resources can help support leasing and retention.
Nearby headquarters and corporate offices anchor a diverse employment base that can support renter demand through commute convenience, including Fidelity National Financial, Fidelity National Information Services, CSX, and Anixter.
- Fidelity National Financial — title insurance (6.3 miles) — HQ
- Fidelity National Information Services — financial technology (6.3 miles) — HQ
- CSX — rail transportation (7.0 miles) — HQ
- Anixter — distribution (17.0 miles)
7101 Wilson Blvd is a 28-unit, 2008-vintage community that skews newer than neighborhood norms, offering competitive appeal versus older housing stock in this Inner Suburb of Jacksonville. The neighborhood’s renter-occupied share near half signals a broad tenant base, while 3-mile household growth and smaller average household sizes point to sustained demand for efficiently sized units. According to CRE market data from WDSuite, neighborhood occupancy trends below the metro median, suggesting operational execution—marketing, turns, and resident services—will be key to capturing demand.
Local dining and grocery access is favorable, and major employers within a short drive bolster commute convenience. At the same time, more accessible ownership options in the area and below-median safety indicators warrant conservative underwriting and emphasis on product differentiation, resident experience, and security-forward operations.
- 2008-vintage asset competes well versus older neighborhood stock, supporting leasing and rent positioning.
- Deep renter-occupied base and expanding 3-mile household counts support a stable tenant pipeline.
- Proximity to HQ employers (FNF, FIS, CSX) underpins workforce demand and retention.
- Management upside: neighborhood occupancy sits below metro median, favoring disciplined operations to drive stability.
- Risks: below-median safety metrics and competitive entry-level ownership require focus on security, service, and value-forward finishes.