| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 21st | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 800 Fletcher Dr, Pensacola, FL, 32505, US |
| Region / Metro | Pensacola |
| Year of Construction | 2009 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
800 Fletcher Dr, Pensacola FL Multifamily Opportunity
Neighborhood occupancy has trended upward in recent years and about 51% of housing units are renter-occupied in the surrounding area, supporting depth of tenant demand, according to WDSuite’s CRE market data. Newer construction at this address positions it competitively versus older local stock for resident retention.
This Inner Suburb location sits within the Pensacola-Ferry Pass-Brent metro and skews renter-heavy: the neighborhood s share of renter-occupied housing units ranks among the top quartile nationally and is above most Pensacola neighborhoods (8 of 134). For multifamily investors, that concentration points to a larger tenant base and potential leasing velocity relative to owner-dominated subareas.
Livability is more residential than amenity-rich. Neighborhood counts for groceries, parks, restaurants, cafes, and pharmacies are at the low end of metro and national distributions, so residents typically draw from services elsewhere in Pensacola. Average school ratings in the neighborhood test below national norms, which can influence unit mix strategy and marketing but does not preclude steady workforce housing demand.
Rent positioning trends on the lower side versus national levels while neighborhood occupancy sits around the metro middle. That combination can support absorption and price-sensitive demand, with lease management focused on retention rather than outsized rent pushes. The property s 2009 vintage is newer than the neighborhood s average construction year (1974), indicating relative competitiveness versus older stock; investors should still plan for mid-life system updates and selective modernization to sustain pricing power.
Demographic statistics are aggregated within a 3-mile radius: population and households have grown in recent years and are projected to continue expanding, with household counts expected to rise further over the next five years. This implies a gradually expanding renter pool and supports occupancy stability for well-managed assets. Median home values in the neighborhood sit below national medians, which can introduce some competition from entry-level ownership, but rent-to-income levels indicate manageable affordability pressure that can aid renewals and reduce turnover risk.
Neighborhood safety indicators track close to national averages overall, placing the area around the metro middle. Recent trends show a notable improvement in violent-offense rates over the last year (strong improvement relative to national peers), while property-offense measures have ticked up modestly. For investors, this mixed but improving trajectory suggests monitoring remains prudent, with resident communication and standard security measures supporting retention.
This 76-unit, 2009-built asset offers relative competitiveness versus older neighborhood stock while serving a renter-heavy area. Neighborhood occupancy has improved over the past five years and rent positioning is below national levels, supporting workforce demand and potential lease-up resilience; according to CRE market data from WDSuite, the surrounding neighborhood shows a majority share of renter-occupied units and stable occupancy trends.
Within a 3-mile radius, population and household growth are positive and projected to continue, reinforcing a larger tenant base and supporting steady renewal pipelines. Limited immediate amenities and lower average school ratings necessitate pragmatic operations and value-focused positioning, but the newer vintage and attainable rent profile provide a foundation for consistent performance with targeted capital planning.
- 2009 vintage offers competitive positioning versus older neighborhood stock, with planned mid-life upgrades sustaining appeal
- Renter-heavy neighborhood supports depth of tenant demand and leasing stability
- Rent levels below national norms align with workforce demand and retention strategies
- 3-mile population and household growth point to a gradually expanding renter pool
- Risks: limited nearby amenities, below-average school ratings, and mixed but improving safety metrics call for careful lease and expense management