| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 50th | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 Desoto Pl, Saint Augustine, FL, 32084, US |
| Region / Metro | Saint Augustine |
| Year of Construction | 1983 |
| Units | 33 |
| Transaction Date | 2023-12-06 |
| Transaction Price | $3,050,000 |
| Buyer | MB THE OAKS LLC |
| Seller | AFT ST AUGUSTINE LLC |
30 Desoto Pl, Saint Augustine Multifamily Investment
Neighborhood fundamentals point to resilient renter demand supported by a high-cost ownership market and strong parks and school amenities, according to WDSuite s commercial real estate analysis. Metrics referenced below describe the surrounding neighborhood rather than the property s own occupancy or performance.
Situated in an Inner Suburb of the Jacksonville metro, the neighborhood ranks 151 out of 368 on WDSuite s composite, indicating performance that is above the metro median. Restaurants and parks are notable strengths: restaurant density sits in the top quartile nationally and park access is even stronger, also in the top quartile. By contrast, grocery, pharmacy, and cafe counts are limited, which can modestly reduce walkable convenience for residents.
School quality is a relative advantage, with the neighborhood in the top quartile nationally by average school rating. These education and open-space amenities tend to support family-oriented renter demand and longer tenures, helping stabilize leasing in comparable assets.
Renter-occupied share is 35.9% (competitive among Jacksonville neighborhoods and above the metro median), placing the area at a higher national percentile for renter concentration. For multifamily owners, that indicates a meaningful tenant base and steady demand for well-managed units. Median contract rents in the neighborhood are above the national middle, while rent-to-income data suggests manageable affordability levels compared with many high-cost markets, which can aid lease retention.
Within a 3-mile radius, population has been roughly stable in recent years while household counts edged higher, a pattern consistent with smaller average household sizes. WDSuite s CRE market data shows forecasts for additional household growth and higher median incomes over the next five years, which would expand the local renter pool and support occupancy and rent performance for competitive properties.
The property s 1983 vintage is newer than the neighborhood s typical housing stock (which skews older), providing relative competitiveness versus prewar inventory. Investors should still plan for system updates and modernization to meet current renter expectations and to capture value-add upside where feasible.
Safety indicators are mixed relative to peers. The neighborhood s crime rank is 121 out of 368 within the Jacksonville metro, indicating crime levels that are not among the metro s strongest performers. Nationally, the neighborhood sits below the midpoint for safety percentiles. Recent trends are nuanced: violent incidents have declined year over year, while property incidents increased, according to WDSuite s data. For investors, this suggests standard security, lighting, and access-control measures remain important for retention and leasing.
Regional employment anchors within commuting range support renter demand, particularly for workforce and professional households. Nearby corporate offices include Anixter and several Jacksonville headquarters such as CSX, Fidelity National Financial, and Fidelity National Information Services.
- Anixter — distribution & logistics offices (21.1 miles)
- CSX — rail transportation (36.5 miles) — HQ
- Fidelity National Financial — insurance & title services (36.6 miles) — HQ
- Fidelity National Information Services — financial technology (36.6 miles) — HQ
30 Desoto Pl offers 33 units averaging roughly 860 square feet in a neighborhood with solid amenity drivers and a meaningful renter base. The area s renter-occupied share sits above the metro median and home values are elevated for the region, supporting reliance on multifamily housing and consistent leasing. According to CRE market data from WDSuite, household counts within a 3-mile radius have been edging higher with forecasts for additional gains, which can expand the tenant base and support occupancy stability for competitive assets.
Built in 1983, the property is newer than much of the surrounding housing stock, positioning it well versus older alternatives while still offering potential value-add through selective unit and systems modernization. Near-term risks include neighborhood safety readings that trail national percentiles and metro occupancy that trends lower at the neighborhood level; disciplined operations, security upgrades, and targeted renovations can help mitigate these factors.
- Renter-occupied share above metro median supports a durable tenant base
- Elevated home values reinforce rental demand and pricing power potential
- 1983 vintage offers competitive positioning with value-add modernization upside
- 3-mile household growth outlook underpins leasing and retention strategies
- Risk: below-average safety and softer neighborhood occupancy require proactive management