| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 33rd | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11722 N 17th St, Tampa, FL, 33612, US |
| Region / Metro | Tampa |
| Year of Construction | 1984 |
| Units | 58 |
| Transaction Date | 2014-05-01 |
| Transaction Price | $3,175,000 |
| Buyer | Gold Standard of Care/Tampa |
| Seller | Senior Health-TLTC LLC |
11722 N 17th St Tampa Multifamily Near Major Employers
High renter concentration in the surrounding neighborhood supports a deep tenant base, while leasing performance will likely hinge on active management given softer local occupancy, according to WDSuite’s CRE market data.
This Inner Suburb pocket of Tampa ranks 329 out of 710 metro neighborhoods (B rating), with amenity access that is top quartile among 710 metro neighborhoods. Grocery and dining density are standouts (ranks 11 and 15 of 710; both in the high-90s nationally), which helps drive day-to-day livability and supports workforce-oriented renter demand.
Renter-occupied share is high within the neighborhood (79.2%), indicating a substantial base of multifamily users and depth for leasing. However, neighborhood occupancy runs softer (81.6%), suggesting investors should underwrite to hands-on leasing and renewal strategies to stabilize and retain residents.
Within a 3-mile radius, population and household counts have grown in recent years (population up about 7% and households up about 6%), with forecasts calling for additional gains by 2028. This points to a larger tenant base over time and supports demand for rental units, even as average household size trends slightly lower.
Amenity depth is balanced by limited parks and childcare options locally, which may moderate appeal for some family renters. Median contract rents in the neighborhood have risen over five years, but a high rent-to-income ratio signals affordability pressure; operators may prioritize thoughtful rent setting and resident services to support retention and minimize turnover.
Compared with the Tampa–St. Petersburg–Clearwater metro, this neighborhood’s safety ranks 475 out of 710 neighborhoods, indicating below-metro-average safety conditions. Nationally, the area sits in the lower third for safety (31st percentile), so investors should calibrate underwriting and on-site practices accordingly.
Recent trend data show modest year-over-year improvement in both property and violent offense estimates, which can support leasing and renewal efforts if sustained. Site-level measures and community engagement typically play an outsized role in resident perception and retention in submarkets with similar profiles.
Nearby corporate employment in financial services, insurance, managed care, and healthcare distribution provides diverse, commutable job nodes that can bolster renter demand and lease retention for workforce-oriented units.
- Raymond James — financial services (4.6 miles)
- MetLife Insurance Company — insurance (6.5 miles)
- Wellcare — managed care/health plans (6.7 miles)
- Wellcare Health Plans — managed care/health plans (6.8 miles) — HQ
- Cardinal Health — healthcare distribution (12.9 miles)
This 58-unit asset sits in a renter-heavy Inner Suburb of Tampa with strong daily-needs and dining access that performs in the top quartile locally. A deep renter base and proximity to diverse employment nodes support demand resilience, while neighborhood occupancy trends suggest value can be created through focused leasing execution and renewal management. According to CRE market data from WDSuite, neighborhood rent growth has been solid over five years, but elevated rent-to-income levels call for disciplined pricing and resident retention strategies.
Three-mile demographics point to ongoing population and household growth through 2028, implying a larger tenant pool and sustained leasing interest over time. Investors should balance these strengths against below-metro-average safety rankings and limited parks/childcare access, which may require heightened on-site operations and community-building to support resident satisfaction.
- Renter-heavy neighborhood and strong amenity access support demand depth
- Proximity to finance, insurance, and healthcare employers underpins leasing
- Growing 3-mile population and households expand the tenant base over time
- Operational upside via leasing focus given softer neighborhood occupancy
- Risks: affordability pressure (high rent-to-income), below-metro safety, limited parks/childcare