| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 13th | Poor |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7528 Arlington Expy, Jacksonville, FL, 32211, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 2019-09-25 |
| Transaction Price | $24,700,000 |
| Buyer | OAKS AT RED BAY LLC |
| Seller | CITY RIDGE REALTY |
7528 Arlington Expy Jacksonville Multifamily Investment Opportunity
Neighborhood occupancy trends sit above the Jacksonville metro median, and a high renter-occupied share points to a deep tenant base, according to WDSuite’s CRE market data. This positioning supports durable leasing for a 1972 vintage asset with value‑add potential.
Located in Jacksonville’s inner suburb of Arlington, the immediate neighborhood shows above metro median occupancy and steady demand, while maintaining a renter-occupied share that is among the highest locally. For investors, this combination suggests a broad leasing funnel and supports retention when managed with disciplined renewals and turns.
Everyday convenience is reasonable: grocery access ranks above national median levels, while parks are in the top quartile nationally, offering recreational draw. However, cafes, restaurants, and pharmacies are limited within the neighborhood, so residents typically rely on nearby corridors for those services—an operating consideration for tenant expectations and marketing.
Within a 3‑mile radius, population and household counts have grown and are projected to continue increasing, indicating a larger tenant base over time. Median incomes have trended higher alongside rising asking rents, which supports leasing but calls for attentive affordability management to sustain renewal rates.
Home values remain comparatively modest versus many U.S. neighborhoods, and the local value‑to‑income relationship indicates a high‑cost ownership market relative to area incomes. That dynamic can reinforce reliance on rental housing, supporting occupancy stability and pricing power for well‑positioned multifamily communities.
Asset vintage and implication: Built in 1972, the property is older than the neighborhood’s average construction year. Investors should underwrite for ongoing capital expenditures and potential interior/exterior upgrades; in return, thoughtful renovations can enhance competitiveness against older stock and capture demand in a renter-heavy submarket.
Safety indicators for the neighborhood are weaker than many Jacksonville areas and below national norms, based on WDSuite’s market benchmarks. While exact outcomes vary by block and property operations, this context suggests investors should plan for enhanced security measures and active community management to support tenant retention.
Relative standing within the metro indicates the area trails much of the market (measured against 368 Jacksonville neighborhoods). Owners commonly address this through lighting, access controls, and partnerships with local resources, aligning property-level practices with underwriting and loss-prevention assumptions.
Proximity to downtown anchors in transportation and financial services supports workforce housing demand and commute convenience for renters working at CSX, Fidelity National Financial, Fidelity National Information Services, and Anixter.
- CSX — transportation & logistics (5.0 miles) — HQ
- Fidelity National Financial — financial services (5.7 miles) — HQ
- Fidelity National Information Services — fintech & payments (5.7 miles) — HQ
- Anixter — distribution & industrial supplies (13.5 miles)
This 24‑unit, 1972 vintage asset is positioned in a renter‑heavy Jacksonville neighborhood where occupancy trends run above the metro median. The combination of a deep renter base and steady neighborhood leasing supports income durability, while an older physical plant creates clear pathways for value‑add through targeted renovations and operational enhancements. Based on commercial real estate analysis and CRE market data from WDSuite, local grocery and park access offer livability advantages despite thinner dining and service retail immediately nearby.
Within a 3‑mile radius, population and household growth points to a larger tenant pool over time. Rising incomes alongside rent growth can sustain leasing velocity, but owners should calibrate renewals and unit mix to manage affordability pressure. Given comparatively modest home values and a higher value‑to‑income relationship, many households remain renters by necessity, reinforcing demand for well-managed multifamily communities.
- Above-metro neighborhood occupancy supports income stability and renewal potential.
- High renter-occupied share indicates deep tenant demand for workforce units.
- 1972 vintage allows value‑add through targeted capex and repositioning.
- 3‑mile population and household growth expands the renter pool over time.
- Risk: below‑average safety metrics and limited nearby dining/services require active management and security planning.