| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 85th | Best |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2402 Teresa Cir, Tampa, FL, 33629, US |
| Region / Metro | Tampa |
| Year of Construction | 1972 |
| Units | 122 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2402 Teresa Cir Tampa Multifamily Investment Opportunity
Positioned in an inner-suburb location with strong schools and affluent households, the neighborhood shows durable renter demand and pricing power, according to WDSuite’s CRE market data. Focus is on neighborhood-level stability and amenities that support occupancy rather than property-specific performance.
This inner-suburb Tampa location benefits from high household incomes and a strong school system (average school rating is among the best in the metro), which typically supports retention for quality multifamily assets. Neighborhood amenity access is competitive, with abundant cafes and restaurants and parks density that places the area above many peers, reinforcing daily-life convenience that residents value.
Compared with Tampa-St. Petersburg-Clearwater neighborhoods, the area’s overall rating sits near the top tier (A; rank 32 out of 710), signaling balanced fundamentals. Neighborhood-level NOI per unit ranks 84 out of 710, placing it in the top quartile among Tampa metro neighborhoods, which suggests revenue performance has been comparatively resilient for professionally managed stock.
Renter-occupied housing is a minority share locally (18.7% renter concentration), indicating an owner-heavy landscape. For investors, that dynamic often supports consistent demand for well-located rentals from households that prefer flexibility near top-rated schools and amenities. Home values are elevated relative to national norms, which can sustain reliance on rental housing and reinforce lease retention for quality product.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to increase further, expanding the prospective tenant base. This growth, coupled with strong incomes and a broad amenity set, supports occupancy stability over a full cycle based on CRE market data from WDSuite.
Vintage context: many nearby buildings skew earlier than 1970; a 1972 asset can compete favorably against older stock while targeted system updates and common-area refreshes may further enhance positioning against legacy properties.
Safety indicators show mixed but manageable signals at the neighborhood level. The area’s overall crime rank is 322 out of 710 Tampa metro neighborhoods, which is above the metro median. Compared with neighborhoods nationwide, property offense levels sit modestly better than the national median, while violent offense metrics are below the national median; investors should underwrite with standard security and operational practices and monitor trendlines.
Recent trends point to a decline in property offenses year over year, while violent offense measures have moved higher. As with any submarket, portfolio strategies that emphasize lighting, access controls, and resident engagement can help support leasing and retention outcomes.
Proximity to healthcare, financial services, and electronics manufacturing employers supports a deep professional renter base and commute convenience, which can aid retention and leasing velocity. Specifically, the submarket draws from Wellcare, Cardinal Health, Jabil Circuit, and Raymond James Financial.
- Wellcare — healthcare services (8.1 miles)
- Wellcare Health Plans — healthcare services (8.2 miles) — HQ
- Cardinal Health — healthcare distribution (8.3 miles)
- Jabil Circuit — electronics manufacturing (10.7 miles) — HQ
- Raymond James Financial — financial services (11.4 miles) — HQ
2402 Teresa Cir offers 122 units in a high-income, amenity-rich inner suburb of Tampa where renter demand is supported by top-tier schools and strong daily-life convenience. Neighborhood occupancy, rents, and NOI trends indicate competitive performance versus many Tampa peers, and elevated ownership costs in the immediate area help sustain reliance on quality rentals. The property’s 1972 vintage is slightly newer than much of the surrounding stock, suggesting a favorable competitive set, though investors should plan for targeted modernization to maximize positioning.
Population and household growth within a 3-mile radius point to a larger tenant base over the next several years, supporting leasing fundamentals and potential rent durability through cycles. According to CRE market data from WDSuite, rent-to-income levels in the neighborhood imply manageable affordability pressure, which can aid retention, while an owner-heavy housing mix suggests consistent demand for professionally managed multifamily near major employers.
- Affluent, amenity-rich neighborhood with top-rated schools supports demand and retention
- 122-unit scale with 1972 vintage allows competitive positioning and targeted value-add
- Growing 3-mile population and household counts expand the local renter pool
- Proximity to major healthcare, financial, and manufacturing employers supports leasing stability
- Risks: owner-heavy area and mixed safety signals; underwrite for marketing depth and standard security measures