| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 51st | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1012 Arlington Meadows Dr, Jacksonville, NC, 28546, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2011 |
| Units | 56 |
| Transaction Date | 2007-10-22 |
| Transaction Price | $200,000 |
| Buyer | GLENSTAL LLC |
| Seller | HORIZON INVESTORS OF JACKSONVILLE INC |
1012 Arlington Meadows Dr Jacksonville Multifamily Investment
Neighborhood fundamentals point to steady renter demand and an elevated renter-occupied share, according to WDSuite’s CRE market data. The area’s occupancy sits near national mid-range levels, supporting consistent leasing without relying on outsized rent growth.
This Inner Suburb location in Jacksonville ranks 1 out of 55 metro neighborhoods (A+), indicating competitive livability for renters and operators. Amenity access is a relative strength: cafes and restaurants rank 3 and 4 out of 55 respectively, placing the area in the top quartile locally and above average nationally for daily conveniences. Grocery and pharmacy density also track above the metro median, reinforcing day-to-day appeal for residents.
The property’s 2011 vintage is newer than the neighborhood’s average construction year (2005 across the area, rank 5 of 55), which supports competitive positioning versus older stock. Newer construction can moderate near-term capital expenditures while still allowing targeted upgrades over time to protect rent roll and retention.
For income and affordability context, neighborhood rents sit around the national middle and the rent-to-income ratio is moderate, which can help manage retention and pricing decisions. Median home values in the area are lower relative to many U.S. neighborhoods, which can introduce some competition with ownership options; however, the renter-occupied share is high (rank 6 of 55; top quartile nationally), signaling depth in the tenant base and stable multifamily demand.
Demographic statistics aggregated within a 3-mile radius show households and families have increased in recent years even as average household size edged down. Looking ahead, forecasts point to additional population and household growth through 2028, implying a larger renter pool and support for occupancy stability. Average school ratings in the neighborhood are below national norms (rank 10 of 55; national percentile 37), which is worth underwriting for certain tenant profiles but is often less determinative for workforce-oriented properties.
Safety metrics are mixed and should be evaluated in context. Within the Jacksonville metro, this neighborhood’s crime ranking sits at 24 out of 55, indicating crime levels above the metro median. Compared with neighborhoods nationwide, overall safety falls below the national midpoint (around the 35th percentile), and violent offense metrics track in a lower national percentile as well.
Recent trend data is directionally positive: estimated violent and property offense rates both declined year over year in the latest read, suggesting some improvement. Investors should incorporate conservative assumptions for security measures and leasing oversight, while recognizing that improving trends can support resident retention and operational stability over time.
With 56 units delivered in 2011, this property offers relatively newer construction in a neighborhood that leads the Jacksonville metro on overall rating and amenity access. According to CRE market data from WDSuite, the surrounding area shows a high renter-occupied share and occupancy near national mid-range levels—factors that support leasing consistency and reduce dependence on outsized rent growth. Lower relative home values may present some competition from ownership, but the depth of the renter base helps sustain demand for professionally managed apartments.
Demographics aggregated within a 3-mile radius point to growth in households alongside smaller average household sizes, which typically broadens the renter base and supports leasing velocity. Given the neighborhood’s strong amenity coverage and the asset’s newer vintage versus local stock, targeted upgrades can focus on value preservation and selective enhancements rather than heavy repositioning. Safety indicators warrant prudent operating plans, though recent declines in estimated offense rates are a constructive sign.
- Newer 2011 construction relative to neighborhood average supports competitive positioning and tempered near-term capex
- High renter-occupied share (top quartile locally and nationally) signals depth of tenant demand
- Amenity-rich Inner Suburb location with strong access to daily needs supports retention
- Household growth within a 3-mile radius expands the renter pool and aids occupancy stability
- Risk: Safety metrics are below national norms; underwrite security and management practices despite recent improving trends