| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 51st | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 460 McDaniel Dr, Jacksonville, NC, 28546, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2005 |
| Units | 40 |
| Transaction Date | 2004-01-15 |
| Transaction Price | $265,500 |
| Buyer | BLUE SPRINGS APARTMENTS LIMIT |
| Seller | --- |
460 McDaniel Dr Jacksonville NC Multifamily Investment
This inner-suburb location shows durable renter demand and steady neighborhood occupancy, according to WDSuite’s CRE market data. Investors screening the Jacksonville, NC market will find a majority renter base and everyday amenities that support leasing stability.
The property sits in an Inner Suburb pocket of Jacksonville that is top-ranked (1 of 55 metro neighborhoods, A+ rating) on WDSuite’s neighborhood composite, reflecting balanced fundamentals for multifamily. Neighborhood occupancy is reported at 91.6%, indicating stable utilization of existing stock and a supportive backdrop for lease retention.
Amenity access is a local strength: restaurants and daily-needs retail are well represented, with neighborhood amenity measures landing in the top quartile nationally. Cafes, pharmacies, grocers, and parks each post above-average accessibility versus U.S. benchmarks, reinforcing day-to-day convenience for residents and competitive positioning for workforce-oriented product.
Tenure patterns favor rentals: the neighborhood’s share of renter-occupied housing is elevated and sits in the top decile nationally, signaling depth in the tenant base and resilience across cycles. At the same time, median rents and the rent-to-income profile point to manageable affordability pressure, which supports retention while moderating near-term pricing power.
Within a 3-mile radius, demographics show a modest population contraction over the past five years alongside growth in household and family counts and a smaller average household size. For investors, this mix typically expands the renter pool and supports occupancy stability, particularly for well-managed Class B assets. Looking ahead, WDSuite’s dataset indicates further increases in household counts and incomes in the same radius, a constructive signal for sustained multifamily demand.
Relative cost-to-own is comparatively accessible in this submarket versus national benchmarks, which can introduce some competition from entry-level ownership. However, elevated renter concentration, everyday amenity coverage, and neighborhood NOI per-unit benchmarks that rank 1 of 55 in the metro suggest a supportive income profile for stabilized operations.
Safety metrics in this neighborhood track below national percentiles, indicating higher reported crime than many U.S. neighborhoods. Within the Jacksonville metro, the area performs above the metro median (ranked 24 out of 55 neighborhoods), and recent trends show improvement — property and violent offense rates have both declined year over year, according to WDSuite.
For investors, the key takeaway is directional improvement and metro-relative competitiveness, paired with prudent operations: emphasize lighting, access control, and visible management to support resident confidence and retention.
This 40-unit asset benefits from a top-ranked Jacksonville neighborhood with everyday amenities, stable neighborhood occupancy, and a renter-heavy housing mix that broadens the tenant base. Within a 3-mile radius, household counts have risen as household sizes trend smaller — conditions that typically expand renter demand and support steady leasing. According to CRE market data from WDSuite, neighborhood affordability metrics are balanced, suggesting retention strength with measured rent growth.
Balanced ownership costs in the area may create some competition from entry-level buyers, and local school ratings are below national averages. Even so, amenity access, elevated renter concentration, and metro-leading income benchmarks at the neighborhood level point to durable fundamentals for well-run, mid-market multifamily.
- Top-ranked neighborhood (1 of 55) with steady occupancy and strong renter concentration
- Everyday amenities in top national quartiles support leasing stability
- 3-mile radius shows rising household counts and smaller sizes, expanding the renter pool
- Balanced rent-to-income profile favors retention and measured rent growth
- Risks: below-average school ratings, safety percentiles below national norms, and potential competition from entry-level ownership