| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 51st | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2312 Indian Dr, Jacksonville, NC, 28546, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1988 |
| Units | 42 |
| Transaction Date | 2010-01-08 |
| Transaction Price | $1,199,000 |
| Buyer | TANNER PLACE LIMITED PARTNERSHIP |
| Seller | VILLAGE TERRACE LIMITED PARTNERSHIP |
2312 Indian Dr Jacksonville NC Multifamily Investment
Neighborhood fundamentals point to an above-metro-median occupancy backdrop with a high share of renter-occupied units supporting depth of demand, according to WDSuite’s CRE market data. Pricing sits near national norms, suggesting steady leasing rather than outsized rent-driven upside.
The property sits in an Inner Suburb of Jacksonville ranked 1st out of 55 metro neighborhoods (A+), indicating competitive positioning for renters and investors. Neighborhood occupancy is above the metro median, and rents benchmark near the national middle, which together suggest stable lease-up and retention potential rather than volatility. Amenity access is a relative strength, with restaurants, cafes, groceries, pharmacies, and parks scoring in the higher national percentiles, reinforcing convenience for daily needs.
Construction year average in the neighborhood skews to the 2000s, while this asset was built in 1988. That older vintage points to routine capital planning needs and potential for targeted value-add (exteriors, common areas, and systems) to sharpen competitive positioning versus newer stock.
Within a 3-mile radius, households have expanded even as total population was flat to slightly lower in recent years, and projections call for further household growth alongside smaller average household sizes. For multifamily demand, that translates to a larger tenant base and continued need for rental options that support occupancy stability. The neighborhood’s renter-occupied share is elevated (above most peers in the metro), indicating a deep pool of multifamily users and broad support for leasing.
Schools rate below national averages, which may affect certain renter segments; however, the area’s convenience-and-services profile helps sustain everyday livability. Overall, the combination of top neighborhood ranking among 55 metro neighborhoods and balanced rent levels creates a practical backdrop for long-term operations. This perspective reflects commercial real estate analysis grounded in WDSuite’s multifamily property research for the surrounding neighborhood, not the property itself.
Neighborhood safety trends are mixed. Compared with other U.S. neighborhoods, the area tracks below national safety benchmarks, and within the Jacksonville metro it ranks in the lower half (24th of 55), indicating comparatively higher crime than many local peers. That said, recent year-over-year declines in both violent and property offenses point to some improvement momentum. Investors should underwrite security, lighting, and resident engagement measures as part of operations planning, using comps from nearby neighborhoods for context.
This 42-unit, 1988-vintage asset offers durable renter demand drivers in a top-ranked Jacksonville neighborhood. Elevated renter-occupied share at the neighborhood level and occupancy above the metro median support leasing stability, while amenity access provides day-to-day convenience that helps retention. Rents sit near national norms, suggesting steady operations; according to CRE market data from WDSuite, this positioning typically favors consistent absorption over outsized pricing power.
The 1988 construction implies routine capital expenditure planning and targeted value-add potential to compete with 2000s-era stock in the submarket. Within a 3-mile radius, household counts are rising and are projected to continue increasing as household sizes trend smaller, expanding the tenant base and supporting occupancy. Investors should balance these strengths against below-national-average school ratings and safety metrics by calibrating renovations, resident experience, and lease management.
- Top-ranked neighborhood (1 of 55) with above-metro-median occupancy supports stable leasing
- Elevated neighborhood renter concentration deepens the multifamily demand pool
- 1988 vintage presents value-add and modernization opportunities versus newer local stock
- Household growth within 3 miles expands the tenant base and supports retention
- Risks: below-national-average school ratings and safety metrics require active asset management