| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 96th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1120 E Twiggs St, Tampa, FL, 33602, US |
| Region / Metro | Tampa |
| Year of Construction | 2008 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1120 E Twiggs St Tampa Multifamily Investment
Positioned in Tampa s urban core, the asset benefits from strong renter demand, high-income households, and deep amenity access, according to WDSuite s CRE market data. Neighborhood occupancy has trended upward, supporting stable leasing while pricing power should be balanced against retention in a high-cost ownership market.
Located in Tampa s Urban Core, the neighborhood ranks 2 out of 710 metro neighborhoods with an A+ neighborhood rating, indicating competitive positioning within the region. Amenity density is a clear differentiator: restaurants, groceries, pharmacies, and parks score in the top quartile nationally, which typically supports renter appeal and lease retention for well-located multifamily assets.
Renter-occupied housing is elevated in the neighborhood (renter concentration around the metro s higher end), signaling a deep tenant base for multifamily. Neighborhood rent levels sit in high national percentiles and have grown over the past five years, while the rent-to-income ratio remains comparatively manageable for the area, suggesting room for disciplined revenue management without overextending affordability.
Neighborhood occupancy is below the national median but has improved over the last five years, a constructive directional signal for stability. The 2008 construction vintage is newer than the area s average vintage (2000), giving this property an edge versus older stock while still warranting targeted capital planning for mid-life systems and selective modernization to remain competitive.
Within a 3-mile radius, population and household counts have expanded and are projected to grow further, pointing to a larger tenant base ahead. Household incomes in the immediate area are high by national standards, and elevated home values in the neighborhood indicate a high-cost ownership market often reinforcing reliance on multifamily rentals and supporting lease retention. Childcare options are comparatively limited in this neighborhood, which may matter for family-oriented offerings but is less critical for urban-core, lifestyle-driven renter cohorts.
Safety indicators for the neighborhood track below the national median based on WDSuite s data, with national safety percentiles in the lower ranges. Compared with neighborhoods nationwide, this area is not among the top quartiles for safety, and recent year-over-year readings indicate an uptick in violent incidents. Investors commonly address this profile with professional onsite management, lighting, and access control to support resident experience and retention.
Contextually, the neighborhood s crime ranking sits in the lower half relative to the 710 neighborhoods in the Tampa St. Petersburg Clearwater metro. Interpreted for investors, this calls for pragmatic operating standards rather than deterring the thesis particularly given the location s amenity strength and renter demand fundamentals.
Proximity to major employers underpins workforce access and leasing durability, with nearby corporate offices across healthcare, insurance, and financial services: Cardinal Health, Wellcare, Wellcare Health Plans, Raymond James, and Raymond James Financial.
- Cardinal Health healthcare distribution (7.1 miles)
- Wellcare healthcare & insurance (8.3 miles)
- Wellcare Health Plans healthcare & insurance (8.4 miles) HQ
- Raymond James financial services offices (10.3 miles)
- Raymond James Financial financial services (14.2 miles) HQ
This 96-unit, 2008-vintage asset benefits from an amenity-rich urban core location where renter concentration and high household incomes support demand depth. Neighborhood occupancy is below the national median but has improved over five years, and rent levels sit in high national percentiles ogether indicating potential for stable leasing with disciplined pricing. According to CRE market data from WDSuite, the immediate area s high-cost ownership environment tends to sustain reliance on multifamily, while proximity to major employers supports leasing velocity.
Forward-looking fundamentals are constructive: within a 3-mile radius, population and households have grown and are projected to expand further, suggesting a larger tenant base and continued support for occupancy. The 2008 construction year offers a competitive position versus older neighborhood stock, with scope for selective value-add to refresh finishes and systems for today s renter expectations.
- Urban-core location with top-tier amenity access supports demand and retention
- High renter-occupied share and strong incomes provide a deep tenant base
- Occupancy trending upward in the neighborhood supports leasing stability
- 2008 vintage offers competitive positioning with optional value-add upside
- Risk: Safety metrics are below national medians, requiring robust management and security