| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 77th | Best |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7651 Paradise Island Blvd, Jacksonville, FL, 32256, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1992 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7651 Paradise Island Blvd Jacksonville Multifamily Investment
Inner-suburban location with above-median neighborhood occupancy and a deep renter base supports stable leasing, according to WDSuite’s CRE market data. Pricing power is reinforced by higher local incomes and an ownership market that skews high-cost for buyers.
This Inner Suburb pocket of Jacksonville (neighborhood rating: A) ranks 43 out of 368 metro neighborhoods, placing it among the stronger locations for multifamily fundamentals. Neighborhood occupancy trends are above the metro median, which helps underpin income stability at the property level, based on CRE market data from WDSuite.
Everyday amenities are reasonably accessible: café density ranks in the top quartile locally, with restaurants and grocery options above national medians. Park access and formal childcare options are limited within neighborhood bounds, so residents may rely on nearby districts for recreation and services. Average school ratings are not available for this neighborhood; investors should underwrite without assuming school-driven demand premiums.
The asset’s 1992 vintage is slightly older than the neighborhood average (late-1990s). That positioning can support a light-to-moderate value-add plan and selective systems upgrades to enhance competitive standing versus newer stock, while remaining mindful of capital planning.
Within a 3-mile radius, demographics show population and household growth, with a renter-occupied share around half of housing units. This indicates a sizable tenant base and supports occupancy durability. Median household incomes are elevated for the metro and rising, which can support rent collections and renewal retention. Neighborhood home values skew high for Jacksonville, creating a high-cost ownership market that tends to sustain reliance on multifamily rentals and reduces direct competition from entry-level for-sale alternatives.
Safety metrics for this neighborhood trend weaker than national averages, with rankings in the lower tier among 368 Jacksonville neighborhoods. National percentiles indicate the area scores in the lower decile for both property and violent offenses compared with neighborhoods nationwide.
Recent year-over-year changes indicate volatility in reported offense rates. Investors commonly address this with appropriate site-level security measures, lighting, and resident screening, and by emphasizing the location’s employment access to support leasing and retention.
Nearby corporate offices provide a strong white-collar employment base that supports renter demand and lease retention, notably in transportation, financial services, and enterprise distribution. The employers below are within typical commuting range for residents.
- Anixter — distribution & electrical supply (4.8 miles)
- CSX — rail transportation (10.9 miles) — HQ
- Fidelity National Financial — title insurance (11.0 miles) — HQ
- Fidelity National Information Services — fintech & payments (11.0 miles) — HQ
7651 Paradise Island Blvd benefits from a strong Inner Suburb location that ranks among the better-performing neighborhoods in the Jacksonville metro. Neighborhood occupancy runs above the metro median and the 3-mile radius shows a large renter pool with continued population and household growth, supporting demand depth. Elevated local incomes and a high-cost ownership landscape further bolster renter reliance on multifamily housing, while rent-to-income dynamics indicate manageable affordability that can aid renewals, based on commercial real estate analysis from WDSuite.
Built in 1992, the property is slightly older than the neighborhood’s average vintage, suggesting targeted value-add and systems modernization can enhance competitiveness versus late-1990s and 2000s stock. Amenity access is solid for daily needs, though limited parks and childcare in the immediate area and safety headwinds warrant prudent operating practices and underwritten reserves.
- Demand depth: above-median neighborhood occupancy and a sizable 3-mile renter base support income stability.
- Income tailwinds: higher local household incomes and high-cost ownership dynamics sustain multifamily reliance and pricing power.
- Value-add potential: 1992 vintage allows select renovations and system upgrades to compete with newer stock.
- Location utility: everyday amenities are accessible, supporting resident satisfaction and retention.
- Key risks: weaker safety metrics and limited parks/childcare warrant prudent security, resident management, and capex planning.