| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 13th | Poor |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 122 N Cleveland St, Quincy, FL, 32351, US |
| Region / Metro | Quincy |
| Year of Construction | 1983 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
122 N Cleveland St, Quincy FL Multifamily Investment
Neighborhood metrics point to steady renter demand supported by a rising renter share within a 3-mile radius, according to WDSuite’s CRE market data.
Quincy’s neighborhood sits within the Tallahassee, FL metro and carries a C+ rating, indicating a mixed but workable baseline for workforce housing. Relative to the metro’s 143 neighborhoods, the area is above the median for access to parks and pharmacies, while cafes and grocery options are limited—conditions that typically support value-oriented assets rather than premium positioning. For investors, this mix points to renter expectations centered on practicality and price rather than high-end amenities.
Average construction in the neighborhood skews older (1950s), while the subject property was built in 1983. Being newer than much of the local stock can enhance competitive positioning, though systems from the 1980s may warrant targeted capital planning for modernization to support leasing and retention.
Neighborhood occupancy trends trail stronger metro sub-areas, suggesting some lease-up and retention work may be needed to maintain stability. At the same time, unit tenure data indicates a meaningful renter-occupied presence within the neighborhood and a higher renter share within the surrounding 3-mile radius, which deepens the tenant base for a 24-unit asset. Demographic statistics within that 3-mile radius show population growth and an increase in households, which generally supports occupancy stability and absorption for multifamily.
Home values in this neighborhood are lower in nominal terms compared with many U.S. areas, but value-to-income ratios sit elevated versus national norms, indicating that ownership can be relatively high-cost against local incomes. That dynamic typically reinforces reliance on rental options, supporting demand for multifamily. Conversely, rent-to-income levels indicate some affordability pressure for renters—an investor consideration for renewal strategies and pricing.
Schools in the area rate below metro and national averages, which can limit appeal to some family renters. However, the neighborhood’s service orientation, basic amenity access, and workforce profile remain consistent with durable, needs-based rental demand rather than discretionary luxury demand.
Comparable safety data for this neighborhood was not available in WDSuite’s current release. Without verified figures, investors should benchmark conditions against other Tallahassee-metro neighborhoods and focus on property-level measures (lighting, access control, and visibility) as part of risk management. When data is available, compare any rank to the full set of 143 metro neighborhoods and national percentiles to understand whether the area trends toward the top quartile nationally or below metro averages.
The resident base is oriented toward regional service and public-sector employment nodes, with commuting patterns that support workforce housing demand. Proximity to employment centers can aid retention and leasing stability, though specific nearby employers with verifiable distances are not available in the current dataset.
This 24-unit property, built in 1983, is newer than much of the neighborhood’s mid-century housing stock, offering a relative edge versus older assets while still warranting selective modernization for long-term competitiveness. Within a 3-mile radius, population growth and a rising renter share point to a larger tenant base, which, combined with needs-based demand drivers, supports occupancy stability over time. According to commercial real estate analysis from WDSuite, neighborhood fundamentals skew value-oriented: ownership looks high-cost relative to local incomes, which can sustain multifamily demand, while renter affordability pressure argues for disciplined lease management and renewal strategies.
Overall, the location fits a workforce profile where practical amenities, access to regional employment, and relative affordability underpin demand. Key execution items include asset-level upgrades appropriate for a 1980s vintage, calibrated pricing to manage rent-to-income pressure, and focused leasing to capture the growing renter pool.
- 1983 vintage offers competitive positioning versus older local stock, with targeted value-add potential
- 3-mile radius shows population growth and a rising renter share, supporting a deeper tenant base
- Ownership costs relative to income reinforce reliance on rentals, aiding demand durability
- Execution focus: manage rent-to-income pressure with calibrated pricing and renewal strategies
- Risk: neighborhood occupancy trails stronger sub-areas, requiring active leasing and retention management