| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 35th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 342 Country View Ln, Jacksonville, NC, 28546, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2012 |
| Units | 28 |
| Transaction Date | 2021-03-30 |
| Transaction Price | $3,050,000 |
| Buyer | EWT 76 LLC |
| Seller | MORTON INVESTMENTS LLC |
342 Country View Ln, Jacksonville NC Multifamily Investment
Tight occupancy in the surrounding neighborhood (not the property) supports renter demand and income stability, according to WDSuite’s CRE market data. With newer construction relative to nearby stock, this asset is positioned to compete on quality while capturing steady tenant interest.
Situated in a rural pocket of Jacksonville, the property benefits from neighborhood occupancy that ranks in the top quartile among 55 metro neighborhoods and a high national percentile, indicating limited vacancy pressure at the neighborhood level. Median rents in the area sit above the metro median, while a measured rent-to-income profile suggests room for disciplined pricing without overextending tenants.
Local retail and service density is sparse, with few cafes, groceries, parks, or pharmacies inside the immediate neighborhood. Residents typically rely on regional corridors for daily needs, so properties that offer on-site conveniences and strong property management can see an edge in retention and leasing velocity.
Within a 3-mile radius, demographics show households have grown even as total population dipped in recent years, pointing to smaller household sizes and a larger addressable renter base. Forward-looking estimates for the next five years indicate an increase in households and families, which supports multifamily demand and occupancy stability if supply growth remains measured.
Home values in the area are moderate by national context, which can create some overlap with entry-level ownership. However, the neighborhood’s rent-to-income dynamics and high neighborhood occupancy reduce near-term lease-up risk for well-operated assets. A renter-occupied share near 44% within 3 miles underscores a meaningful tenant pool and supports ongoing leasing activity.
Safety conditions should be evaluated at a sub-neighborhood level, but available indicators provide useful context. Property offense metrics sit in a stronger national percentile, while violent offense indicators are closer to the national middle; both are neighborhood-level, not block-specific. Recent trends show property offenses easing year over year, with a noted uptick in violent offense estimates that warrants monitoring as part of due diligence.
Within the Jacksonville metro, relative standing varies by measure and subarea. Investors should pair these comparative signals with on-the-ground assessments (lighting, sightlines, access control) and historical incident patterns to calibrate operating protocols and resident experience goals.
Built in 2012, the asset is newer than the neighborhood average vintage, offering competitive positioning against older local stock while leaving room for selective modernization over time. Neighborhood occupancy remains tight and rents trend above the metro median, supporting stabilized cash flows and measured pricing power, according to CRE market data from WDSuite. Moderate ownership costs nearby imply some competition from entry-level buyers, but the local rent-to-income profile and a sizable renter pool help sustain demand.
Demographic patterns within a 3-mile radius indicate household growth and smaller household sizes, expanding the renter base and supporting long-term leasing fundamentals if future supply stays in check. The immediate area has limited amenity density, so assets that emphasize convenience, maintenance, and management responsiveness can differentiate and drive retention.
- 2012 vintage offers competitive positioning versus older neighborhood stock with optional value-add upgrades
- Tight neighborhood occupancy and above-metro-median rents support income stability
- 3-mile household growth and smaller household sizes expand the tenant base over time
- Moderate ownership costs and balanced rent-to-income dynamics underpin steady renter demand
- Risks: low amenity density and mixed safety signals require active management and targeted enhancements