| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 35th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1140 Kellum Loop Rd, Jacksonville, NC, 28546, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1986 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1140 Kellum Loop Rd, Jacksonville NC Multifamily Investment
Neighborhood data point to high occupancy stability that can support consistent cash flow, according to WDSuite’s CRE market data; note these figures reflect the surrounding neighborhood rather than the specific property.
Jacksonville’s Kellum Loop area is a Rural neighborhood with a C+ rating (ranked 36 of 55 local neighborhoods), suggesting balanced but competitive fundamentals for workforce housing. Amenities are sparse within the immediate area, aligning with the rural profile, so everyday conveniences may require short drives rather than walkable access.
Occupancy in the neighborhood is strong, ranking 7th out of 55 within the Jacksonville metro and in the top quartile nationally, which supports income stability and reduces lease-up risk (neighborhood metric, not property-specific). Median contract rents in the neighborhood sit around the metro middle, and a rent-to-income ratio near 0.18 indicates manageable affordability pressure that can aid retention and steady collections.
Within a 3-mile radius, recent data show a softer population trend but a projected increase in household counts over the next five years, indicating smaller household sizes and potential demand for smaller units. Median home values are moderate for the region, which can introduce some competition from entry-level ownership; however, multifamily remains an accessible option for households prioritizing flexibility, supporting renter demand and lease retention.
The neighborhood’s average construction vintage skews to the early 2000s, making 1986-vintage assets relatively older. For investors, that typically implies planning for targeted capital improvements to remain competitive against newer stock while also creating value-add pathways through renovations and operational upgrades.
Safety indicators are mixed. Overall crime sits near the national median (49th percentile nationwide), yet the area ranks 15th of 55 metro neighborhoods—a position that indicates relatively higher crime within the local context. Property crimes track favorably versus national peers (around the 78th percentile for safety), while violent incidents are closer to average nationally (about the 64th percentile).
Recent year-over-year data reflect an uptick in violent incidents (low national percentile for improvement), so investors may want to monitor trend direction and emphasize standard security and lighting best practices. As always, these are neighborhood-level indicators and can vary by block and property operations.
This 48-unit, 1986-vintage property sits in a neighborhood with historically high occupancy, supporting predictable revenue and reduced downtime. The asset is older than the area’s early-2000s average, positioning it for value-add through unit upgrades and systems modernization. According to CRE market data from WDSuite, neighborhood-level rent-to-income appears manageable, reinforcing retention while leaving room for disciplined, programmatic renovations tied to in-place demand.
Investor considerations include a lower renter concentration in the immediate neighborhood, limited walkable amenities consistent with a rural profile, and safety metrics that are average nationally but higher relative to the metro. Even so, strong occupancy and a moderate ownership landscape point to a durable tenant base, with smaller household sizes in the 3-mile radius suggesting steady interest in well-managed, right-sized units.
- High neighborhood occupancy supports income stability and reduces lease-up risk.
- 1986 vintage offers value-add upside via interior upgrades and building systems planning.
- Manageable rent-to-income dynamics bolster tenant retention and steady collections.
- Risks: lower renter concentration, limited nearby amenities, and mixed but watch-worthy safety trends.