| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 55th | Good |
| Amenities | 37th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Alden Dr, Jacksonville, NC, 28546, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2008 |
| Units | 44 |
| Transaction Date | 2025-06-25 |
| Transaction Price | $1,182,000 |
| Buyer | LONGBOURNE HARMONY HOUSING LLC |
| Seller | LONGBOURNE APARTMENTS LLC |
201 Alden Dr, Jacksonville NC Multifamily Investment
Neighborhood multifamily occupancy has been resilient, supporting income stability for well-run assets, according to WDSuite’s CRE market data. Metrics cited reflect the surrounding neighborhood rather than this specific property.
Located in an Inner Suburb of Jacksonville, this area posts an A neighborhood rating and ranks 6th of 55 across the metro, indicating broad-based livability strength for workforce housing. Within the metro context, restaurant access is competitive (ranked 7 of 55), parks are a relative strength (ranked 2 of 55), while cafes, groceries, and pharmacies are limited nearby (each at the bottom of the 55-neighborhood distribution). For investors, this balance suggests everyday convenience anchored by dining and green space, with some reliance on short drives for errands.
Neighborhood multifamily occupancy is 96.6% and has trended higher over the past five years, placing the area in the top quartile nationally for occupancy stability. That backdrop favors steady leasing and supports renewal pricing power when operations are disciplined, per commercial real estate analysis from WDSuite.
Construction vintage in the neighborhood averages 2002. With a 2008 build, the subject asset skews newer than the local stock, which can enhance competitive positioning versus older properties; investors should still underwrite routine system updates and selective upgrades for modernization and renter appeal.
Tenure dynamics point to durable renter demand. At the neighborhood level, the share of housing units that are renter-occupied is roughly one-third, indicating a meaningful renter base without overconcentration; within a 3-mile radius, renter concentration is closer to about half, expanding the tenant pool for lease-up and renewals.
Within a 3-mile radius, recent years show a modest population dip and smaller household sizes, yet forward views indicate a return to modest population growth with rising household incomes and rents. This mix implies a larger long-run tenant base and supports occupancy stability, while the median rent-to-income profile and moderate home values in the neighborhood context suggest manageable affordability pressure and thoughtful lease management rather than aggressive increases.
Safety indicators are mixed and should be underwritten with care. Compared with neighborhoods nationwide, this area trends below average on safety; within the Jacksonville metro it ranks 19th of 55, indicating mid-pack positioning among local peers rather than a top-tier safety profile.
Recent momentum is constructive: estimated property offenses declined materially over the past year and violent offense estimates edged down as well. While national percentiles still indicate a comparatively higher crime environment than safer U.S. neighborhoods, the improving trajectory can support operations when paired with standard security measures and proactive property management.
201 Alden Dr offers investors exposure to a Jacksonville Inner Suburb with resilient neighborhood occupancy, balanced renter demand, and a 2008 vintage that competes well against older local stock. According to CRE market data from WDSuite, neighborhood occupancy is high with multi‑year improvement, reinforcing prospects for steady cash flow under disciplined operations.
Within a 3-mile radius, the renter pool is substantial and projected to expand over time even as household sizes trend smaller, a dynamic that can aid lease-up and renewal depth. Neighborhood home values are relatively accessible in the metro context and rent-to-income levels suggest manageable affordability pressure, supporting retention when pricing is aligned with local demand. The main watchpoint is safety, which sits below national benchmarks despite recent improvement—best addressed through operating practices and underwriting.
- High neighborhood occupancy with multi-year gains supports income stability
- 2008 construction offers competitive positioning versus older local stock
- Broad renter base locally and within 3 miles aids leasing and renewals
- Moderate ownership costs and rent-to-income levels favor retention and pricing discipline
- Risk: safety metrics trail national norms despite recent improvements—underwrite mitigation