| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 22nd | Poor |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13106 N Florida Ave, Tampa, FL, 33612, US |
| Region / Metro | Tampa |
| Year of Construction | 1992 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13106 N Florida Ave Tampa Multifamily Investment
Neighborhood occupancy has held steady and renter demand is supported by a high-cost ownership landscape, according to WDSuite’s CRE market data. This location offers durable workforce housing dynamics with room for operational improvement.
Situated in Tampa’s inner-suburban corridor, the property benefits from everyday conveniences and steady renter demand. Neighborhood occupancy is competitive among Tampa-St. Petersburg-Clearwater neighborhoods (ranked 260 out of 710), and the area’s renter-occupied share provides a sizable tenant base. Within a 3-mile radius, population and household counts have grown in recent years with further growth projected, supporting occupancy stability and leasing velocity.
Daily-needs access is a relative strength: grocery and pharmacy density ranks above most peers locally and sits in the top quartile nationally, while cafes and parks are more limited. Average school ratings trail national benchmarks, which may require sharper positioning toward workforce and value-oriented renters rather than family-driven premium school demand.
Housing costs favor multifamily resilience. Neighborhood home values run high relative to incomes (above the 80th percentile nationally on value-to-income), which tends to sustain reliance on rental options and aids lease retention. At the same time, rents benchmark as manageable versus local incomes, indicating moderate affordability pressure and some pricing flexibility for disciplined revenue management, based on WDSuite’s multifamily property research.
Vintage also matters: with a 1992 construction year against a neighborhood average from the late 1970s, the asset is newer than much of the surrounding stock. That positioning can be competitive versus older inventory, while still warranting capital planning for aging systems and targeted unit/interior upgrades to drive rent premiums.
Safety conditions are mixed when viewed against regional and national context. The neighborhood ranks below the metro median (445 out of 710) on crime, and national safety percentiles sit in the low 30s, indicating a comparatively higher incidence than many U.S. neighborhoods. Recent data also show some volatility in reported violent offenses year over year.
Investors typically account for this with active on-site management, lighting and access controls, and community partnerships. The takeaway is to underwrite appropriate operating practices and consider tenant profile and leasing strategies consistent with the submarket’s risk profile.
Nearby corporate offices create a diversified employment base that supports renter demand and commute convenience, notably in financial services and healthcare. The list below highlights key employers within a short drive that align with the area’s workforce housing profile.
- Raymond James — financial services offices (3.3 miles)
- Wellcare — healthcare services (5.8 miles)
- Wellcare Health Plans — healthcare services (5.9 miles) — HQ
- MetLife Insurance Company — insurance (6.8 miles)
- Cardinal Health — healthcare distribution (14.0 miles)
This 42-unit, 1992-vintage asset in Tampa’s inner suburb is positioned for durable occupancy and operational optimization. The neighborhood shows competitive occupancy versus the metro and a sizable renter pool within 3 miles, where population and household growth point to a larger tenant base ahead. Elevated ownership costs relative to incomes reinforce reliance on multifamily housing, while rents benchmark as manageable—supporting retention with potential for disciplined revenue initiatives, according to CRE market data from WDSuite.
Being newer than much of the surrounding 1970s-era stock provides a competitive edge, though investors should plan for system refreshes and targeted renovations to capture premiums. Amenity gaps (limited cafes/parks) and safety variability suggest thoughtful positioning toward workforce renters and proactive property management to sustain leasing performance.
- Competitive neighborhood occupancy and expanding 3-mile renter base support leasing stability.
- High-cost ownership market sustains rental demand; rents remain manageable versus incomes.
- 1992 vintage outcompetes older local stock; value-add via targeted unit and system upgrades.
- Proximity to regional employers underpins workforce demand and retention.
- Risks: safety variability and limited lifestyle amenities require active management and precise underwriting.