| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 31st | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13102 N 20th St, Tampa, FL, 33612, US |
| Region / Metro | Tampa |
| Year of Construction | 1974 |
| Units | 22 |
| Transaction Date | 2020-07-20 |
| Transaction Price | $1,200,000 |
| Buyer | UPTOWN VILLAS 68-22 OWNER LLC |
| Seller | UPTOWN VILLAS 22 LLC |
13102 N 20th St Tampa Multifamily Investment
Neighborhood renter demand is durable, supported by an above‑median occupancy trend and an elevated renter-occupied share compared with the Tampa metro, according to WDSuite’s CRE market data. This positions a smaller asset for steady leasing while leaving room to optimize operations.
Located in Tampa’s Inner Suburb, the area ranks competitively within the Tampa–St. Petersburg–Clearwater metro for overall neighborhood performance (B rating; rank 337 of 710), indicating balanced fundamentals for workforce-oriented multifamily. Amenity access skews toward daily needs: the neighborhood is competitive among metro peers for amenities (rank 97 of 710; roughly mid‑60s nationally), with especially strong proximity to grocery and pharmacy options. Café density and park access are limited, which may temper lifestyle appeal but does not materially detract from day-to-day convenience.
For investors, the neighborhood’s occupancy has trended upward over the past five years and sits modestly above national midpoints, per WDSuite. Importantly, the share of housing units that are renter-occupied is among the highest in the metro, signaling a deep tenant base and support for leasing velocity. Median contract rents in the neighborhood have risen over the last five years, and WDSuite’s commercial real estate analysis indicates continued renter interest at workforce price points. These metrics are measured for the neighborhood, not the property.
Demographic statistics aggregated within a 3‑mile radius point to population growth and an increase in households, which expands the local renter pool and supports occupancy stability. Forecasts call for further gains in households and incomes alongside projected rent growth, reinforcing demand for well-managed workforce units. At the same time, a relatively high rent‑to‑income ratio in the neighborhood suggests affordability pressure, so operators should emphasize renewal management and value delivery to sustain retention.
Vintage context matters: the property was built in 1974, earlier than the neighborhood’s average construction year (1981). That age profile can create value‑add opportunities through targeted interior updates and system upgrades while planning for capital expenditures to maintain competitiveness against newer stock.
Safety indicators are broadly in line with national medians and competitive among Tampa neighborhoods (crime rank 154 of 710; roughly 53rd percentile nationally for overall safety), based on CRE market data from WDSuite. Recent trends are constructive: estimated violent and property offense rates have declined year over year, placing the area among stronger improvers versus national peers. These figures describe neighborhood-level conditions rather than the specific property.
Investors should underwrite with standard operating precautions and consider on‑site measures appropriate for a workforce asset, but current directionality supports stable tenancy and day‑to‑day livability compared with the broader metro.
The surrounding employment base skews toward financial services, insurance, and healthcare administration, supporting a steady pool of renters seeking commute convenience. Nearby anchors include Raymond James, MetLife, Wellcare (including the health plans headquarters), and Cardinal Health.
- Raymond James — financial services (4.6 miles)
- MetLife Insurance Company — insurance (5.8 miles)
- Wellcare — managed care/health plans (7.1 miles)
- Wellcare Health Plans — managed care/health plans (7.2 miles) — HQ
- Cardinal Health — healthcare distribution (13.4 miles)
13102 N 20th St is a 22‑unit, 1974 vintage asset positioned in a renter‑heavy Inner Suburb of Tampa where neighborhood occupancy has improved over the past five years and sits around national midpoints. Daily‑needs amenities (notably groceries and pharmacies) are abundant, and 3‑mile demographics show population growth and an expanding household base, which together support a deeper tenant pool and leasing stability. According to CRE market data from WDSuite, local rents have risen over time with further growth projected, while the neighborhood’s elevated renter‑occupied share points to durable demand for workforce housing.
The 1974 construction suggests clear value‑add potential through selective renovations and system upgrades to enhance competitiveness against newer stock. Operators should balance that upside with thoughtful affordability and renewal management, as neighborhood rent‑to‑income levels indicate some pressure that can affect retention if not actively managed.
- Renter‑heavy neighborhood with improving occupancy supports stable leasing
- Strong daily‑needs amenity access (groceries, pharmacies) enhances livability
- 3‑mile population and household growth expand the local renter pool
- 1974 vintage offers value‑add and modernization upside with targeted capex
- Risk: affordability pressure (high rent‑to‑income) requires prudent pricing and renewal strategy