| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Fair |
| Demographics | 40th | Fair |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 281 Liberty Dr, Jacksonville, NC, 28546, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1980 |
| Units | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
281 Liberty Dr Jacksonville NC Multifamily Investment
Neighborhood data points to a sizable renter base and service-oriented amenities that support stable leasing fundamentals, according to WDSuite’s CRE market data. The asset’s 82-unit scale positions it to capture local renter demand while allowing for operational efficiencies.
Located in an inner suburb of Jacksonville (Neighborhood rating: B+), the area ranks 20 out of 55 metro neighborhoods, placing it above the metro median for overall positioning. Neighborhood occupancy is measured for the area, not the property, and sits in a mid-range band with recent stability; investor focus should be on asset-level leasing execution to outperform local norms.
Daily-needs access is a relative strength: grocery presence is competitive among Jacksonville neighborhoods (ranked 2 of 55; top quartile nationally by density). Dining options are also solid locally (ranked 8 of 55). By contrast, parks, pharmacies, and cafes are limited in the immediate neighborhood, which suggests amenity-light green space and third-place offerings.
Renter-occupied share in the neighborhood is elevated at 55.6% (top decile nationally), indicating a deep tenant base that can support multifamily absorption and retention. Median contract rents in the neighborhood remain accessible relative to income levels, and the rent-to-income ratio of 0.26 points to manageable affordability pressure that can aid lease management and renewal strategy.
Within a 3-mile radius, demographics show a modest population dip over the past five years but a projected return to growth by 2028, alongside expectations for more households and rising median incomes. This combination typically supports a larger tenant base and steadier occupancy over a multi-year hold, based on commercial real estate analysis from WDSuite.
Home values are lower than national norms in this part of Onslow County, which can make ownership relatively accessible. For investors, that means rental product should compete on quality, convenience, and management to sustain pricing power and limit move-outs to entry-level ownership.
Safety outcomes in the neighborhood track below national averages (around the 39th percentile nationwide), and the area sits below the metro average for Jacksonville (ranked 22 out of 55 metro neighborhoods, where a lower rank indicates higher crime). Recent trends are constructive: estimated violent offenses have declined year over year, and property offenses are also trending down, supporting a cautious but improving backdrop for operations.
Built in 1980, the property is slightly older than the neighborhood’s average vintage, creating clear value-add and capital planning angles around unit modernization and systems. The 82-unit scale offers operational leverage in a neighborhood with a high renter-occupied share and daily-needs retail proximity, factors that can underpin absorption and retention. According to CRE market data from WDSuite, the neighborhood’s occupancy sits in a mid-range band, so execution on renovations, marketing, and renewals can be a differentiator at the asset level.
Within a 3-mile radius, projections point to population stabilization and growth in households, alongside higher median incomes over the next five years—conditions that typically support a larger tenant base and steadier rent rolls. Lower relative home values in the area suggest some competition from entry-level ownership, but prudent repositioning and service quality can sustain lease-up velocity and pricing discipline.
- 1980 vintage offers value-add and CapEx-driven upside relative to nearby stock
- Elevated renter-occupied share supports depth of tenant demand and retention
- Daily-needs retail access (strong grocery and restaurant density) aids leasing appeal
- Neighborhood occupancy is mid-range; disciplined operations can drive outperformance
- Risk: relatively accessible ownership options may moderate pricing power without targeted upgrades