| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 7th | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1307 E 127th Ave, Tampa, FL, 33612, US |
| Region / Metro | Tampa |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 2014-10-01 |
| Transaction Price | $432,000 |
| Buyer | BELLAMAR HOLDINGS LLC |
| Seller | 2383 RE HOLDINGS LLC |
1307 E 127th Ave Tampa 24-Unit Multifamily
High renter-occupied share in the surrounding neighborhood supports a deeper tenant base, and, according to WDSuite’s CRE market data, dense everyday amenities and nearby employers help underpin durable renter demand.
Located in Tampa’s inner suburb fabric, the property sits in a neighborhood with strong day-to-day convenience: grocery and restaurant densities rank competitively among 710 Tampa–St. Petersburg–Clearwater neighborhoods and fall in the top quartile nationally, according to WDSuite’s CRE market data. This concentration of essentials typically supports leasing velocity and retention.
Neighborhood occupancy is measured at 87.9%, which is below the metro median, but the area’s renter-occupied share is high at 81.7% (among the highest in the metro). For investors, that level of renter concentration indicates depth in the tenant pool and the potential for steady demand through economic cycles, even if lease-up can require more active management in softer periods.
Demographic statistics aggregated within a 3-mile radius show population growth of roughly 7–8% over the last five years, with households also increasing. Forecasts point to continued population and household growth, implying a larger tenant base and reinforcing occupancy stability over a multi-year hold.
The asset’s 1972 construction is slightly older than the neighborhood’s average vintage (mid-1970s), suggesting practical value-add paths through unit renovations and system upgrades to improve competitive positioning against newer stock. Ownership costs in the broader area are relatively accessible by national standards, which can create some competition with entry-level ownership; product differentiation and resident experience become important to sustain pricing power and renewals.
Amenities are a relative strength, but green space and healthcare retail are thinner nearby, and rent-to-income levels in the neighborhood indicate some affordability pressure. These conditions favor attentive lease management, measured rent-setting, and ongoing property improvements to support retention.
Safety trends are mixed. The neighborhood ranks below the metro median (503 out of 710) and falls below average nationally (29th percentile), indicating higher crime relative to many U.S. neighborhoods. Property offenses have eased year over year, while violent offense measures have ticked up, based on WDSuite’s data.
For investors, this suggests underwriting for active on-site management, lighting and access-control measures, and resident engagement. Comparing submarkets across Tampa, this area is not among the safer cohorts, so thoughtful operations and partnerships with local resources can help support resident satisfaction and leasing stability.
Proximity to established corporate employers supports workforce housing demand and commute convenience for residents, including Raymond James, MetLife Insurance Company, Wellcare/Wellcare Health Plans, and Cardinal Health.
- Raymond James — financial services offices (4.2 miles)
- MetLife Insurance Company — insurance (6.4 miles)
- Wellcare — healthcare services (6.5 miles)
- Wellcare Health Plans — healthcare plans (6.7 miles) — HQ
- Cardinal Health — healthcare distribution (13.3 miles)
This 24-unit asset balances a deep renter pool with pragmatic value-add potential. The surrounding neighborhood’s renter-occupied share is among the highest in the metro, everyday amenities are dense, and 3-mile demographics indicate population and household growth—factors that generally support tenant demand and leasing durability. According to CRE market data from WDSuite, neighborhood occupancy trends sit below the metro median, so performance is likely to favor owners who pair renovations with hands-on operations.
Built in 1972, the property may benefit from interior upgrades and targeted system improvements to reposition versus newer competition. Ownership costs in the area are relatively accessible, which can create competition with entry-level ownership; disciplined amenity programming and resident services can help sustain renewal rates. Affordability pressure (elevated rent-to-income locally) and mixed safety signals are underwriting considerations, but proximity to employment nodes and amenity density provide durable demand drivers over a longer hold.
- High renter-occupied share and amenity density support tenant demand
- 1972 vintage offers value-add potential through renovations and system upgrades
- 3-mile population and household growth expand the renter base and support occupancy
- Proximity to major employers underpins leasing and retention for workforce housing
- Risks: below-median neighborhood occupancy, affordability pressure, and mixed safety trends