| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 85th | Best |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2512 W Stroud Ave, Tampa, FL, 33629, US |
| Region / Metro | Tampa |
| Year of Construction | 1972 |
| Units | 36 |
| Transaction Date | 2005-01-26 |
| Transaction Price | $3,575,000 |
| Buyer | DB STROUD LLC |
| Seller | GOLD STANDARD PROPERTIES LLC |
2512 W Stroud Ave Tampa 36-Unit Multifamily
Strong incomes, top-rated schools, and dense amenities in South Tampa support durable renter demand, according to WDSuite’s CRE market data. Owner-weighted housing and a high-cost ownership market favor quality rentals, while leasing strategies should account for softer neighborhood occupancy.
Located in Tampa’s inner suburbs, the neighborhood rates an A and ranks 32nd of 710 metro neighborhoods, indicating competitive positioning within the region. Amenity density is a clear strength: cafes and restaurants rank in the upper decile nationally, and parks and groceries are likewise well represented, supporting lifestyle appeal and tenant retention. Average school ratings are among the best in the metro (ranked 1 of 710) and sit in the top national percentile, a differentiator for family renters.
Housing here is predominantly owner-occupied with a renter-occupied share around one-fifth, signaling an owner-weighted neighborhood that can favor stabilized demand for well-located multifamily rather than heavy supply turnover. Neighborhood median contract rents trend high versus national norms, while the rent-to-income ratio sits in a favorable national percentile, suggesting manageable affordability pressure that can aid lease retention.
Within a 3-mile radius, population and households have grown in recent years, with WDSuite data indicating further household expansion over the next five years. This implies a larger tenant base and supports occupancy stability for professionally managed assets. Household incomes within this radius skew higher, reinforcing depth for mid- to upper-tier rental product.
Vintage context matters: the neighborhood’s average construction year skews older (1963). The subject’s 1972 construction is newer than the local average, which can enhance competitive positioning versus older stock, though investors should still plan for modernization of building systems and common areas to meet today’s renter expectations.
Notable gaps include limited nearby pharmacies and childcare options in the immediate neighborhood data, which may slightly reduce convenience for certain households. Additionally, the neighborhood’s occupancy level has softened versus five years ago, so underwriting should emphasize leasing execution and resident retention tactics.
Safety indicators are mixed when viewed against broader benchmarks. The neighborhood’s crime rank places it in the less-safe half of the Tampa–St. Petersburg–Clearwater metro (ranked 322 out of 710), and national comparisons show overall safety below the median (around the 41st percentile). Violent offense measures track below national averages (near the 31st percentile nationally), warranting attention in property operations and tenant communications.
There are constructive signals: estimated property offense levels sit modestly above national midline (about the 58th percentile), and the latest one-year trend showed a decline in property offenses. Even so, recent year-over-year increases in violent offense estimates suggest volatility; investors should budget for visible security, lighting, and access controls and monitor evolving local trends using WDSuite’s data.
The area benefits from a diverse white-collar employment base within a commutable radius, supporting demand for professionally managed rentals. Key employers include Wellcare Health Plans, Cardinal Health, Jabil Circuit, Raymond James Financial, and Tech Data.
- Wellcare Health Plans — managed care (8.2 miles) — HQ
- Cardinal Health — medical supply distribution (8.4 miles)
- Jabil Circuit — electronics manufacturing (10.5 miles) — HQ
- Raymond James Financial — financial services (11.3 miles) — HQ
- Tech Data — IT distribution (13.4 miles) — HQ
This 36-unit asset in South Tampa is positioned in a high-amenity, owner-weighted neighborhood where median incomes and home values skew well above national norms, supporting durable demand for quality rentals. According to CRE market data from WDSuite, neighborhood rents sit high relative to national benchmarks while rent-to-income metrics indicate manageable affordability pressure, a combination that can support pricing power and retention. The 1972 vintage is newer than the neighborhood’s typical stock, offering competitive positioning versus older assets, with scope to capture value through targeted system upgrades and common-area refreshes.
Near-term underwriting should factor a softer neighborhood occupancy trend and mixed—but improving in parts—safety signals. However, strong schools, dense amenities, and a broad white-collar employment base within commuting distance reinforce long-run tenant demand. Three-mile radius projections point to continued household growth, expanding the renter base and supporting stabilization for well-managed properties.
- High-income, amenity-rich location with top-tier schools supports tenant retention
- 1972 construction is newer than local average, with value-add via modernization
- Household growth within 3 miles expands the tenant base over the next five years
- Risk: softer neighborhood occupancy and safety variability call for proactive management