| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 82nd | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3215 W Swann Ave, Tampa, FL, 33609, US |
| Region / Metro | Tampa |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | 2018-06-12 |
| Transaction Price | $5,100,000 |
| Buyer | BC PARK WEST LLC |
| Seller | ARIM PARK WEST LLC |
3215 W Swann Ave Tampa Multifamily Value-Add
Neighborhood fundamentals point to durable renter demand and pricing resilience, according to WDSuite s CRE market data, with strong amenities, high-cost ownership, and an above-median metro occupancy profile at the neighborhood level. For investors, the combination of a sizable renter-occupied share and premium home values supports stable leasing conditions rather than outsized volatility.
Located in Tampa s inner-suburb fabric, the neighborhood ranks 7th of 710 metro neighborhoods (A+ rating), indicating competitive positioning among Tampa St. Petersburg Clearwater submarkets. Amenity access is a clear strength: restaurants and groceries are in the top national percentiles, and pharmacies score similarly high. This concentration of daily-needs retail typically supports leasing velocity and retention.
Schools average 4.0 out of 5 (15th of 710, top quartile nationally), which can aid demand for larger units and longer tenures. Neighborhood occupancy is 90.7% and ranks 325th of 710 above the metro median. Median contract rents in the neighborhood have grown meaningfully over five years, signaling sustained renter demand rather than short-lived spikes.
Tenure dynamics are favorable for multifamily: the neighborhood s share of renter-occupied housing units is 43.2% (83rd national percentile), indicating a deep tenant base. At the same time, elevated ownership costs (median home value near the upper national percentiles; value-to-income ratio in the 98th percentile) suggest a high-cost ownership market, which reinforces reliance on rentals and can bolster pricing power and lease retention.
Within a 3-mile radius, demographics indicate a growing, higher-income renter pool: population and household counts have increased in recent years, with further gains projected through 2028. Rising median household incomes and a larger share of higher-earning households expand the pool of renters who can support market-rate product, which tends to underpin occupancy stability for well-maintained assets.
Vintage context: the property s 1974 construction is slightly older than the neighborhood s average vintage (late 1970s). For investors, this often translates to targeted capital planning and potential value-add repositioning to compete against newer stock, while leveraging the neighborhood s amenity density and school quality.
Notable considerations: park acreage is limited locally, which may reduce appeal for some lifestyle renters. However, the cluster of cafes, restaurants, groceries, and pharmacies ranks competitively in the metro and sits in high national percentiles, offsetting some of that limitation for everyday convenience.
Safety indicators are mixed and should be contextualized against broader metro and national baselines. The neighborhood s overall crime standing sits around the national mid-range, with property offense levels near national averages and a recent year-over-year decline. Violent-offense readings track below national safety percentiles, signaling comparatively higher incidence than top-performing areas, though this is balanced by the improving property-crime trend.
At the metro scale (Tampa St. Petersburg Clearwater, 710 neighborhoods), the area performs competitively in many fundamentals but does not rank among the safest cohorts. Investors typically underwrite with pragmatic assumptions: incorporate enhanced security, lighting, or access controls as part of operating plans, and monitor trendlines given the recent improvement in property-offense metrics.
Proximity to diversified corporate employers supports renter demand and commute convenience, notably in healthcare, electronics manufacturing, and financial services. The anchors below represent a practical draw for white-collar and technical workers in the immediate area: Wellcare Health Plans, Cardinal Health, Jabil Circuit, Raymond James Financial, and Tech Data.
- Wellcare Health Plans healthcare services (7.3 miles) HQ
- Cardinal Health healthcare distribution (9.2 miles)
- Jabil Circuit electronics manufacturing (10.4 miles) HQ
- Raymond James Financial financial services (11.0 miles) HQ
- Tech Data IT distribution (13.0 miles) HQ
3215 W Swann Ave aligns with durable neighborhood fundamentals: a large renter-occupied share, high-cost ownership environment, and deep amenity base that supports leasing and retention. Based on CRE market data from WDSuite, neighborhood occupancy sits above the metro median, while strong school quality and income growth within a 3-mile radius expand the pool of renters able to support market-rate product.
The 1974 vintage is slightly older than the neighborhood average, creating a straightforward value-add or modernization thesis. Targeted renovations and system updates can elevate competitive positioning against newer stock, leveraging proximity to major employers and sustained renter demand to support stabilized operations.
- Renter depth and above-median neighborhood occupancy support leasing stability.
- High-cost ownership market underpins rental demand and pricing power.
- Amenity- and school-rich area aids retention for quality units.
- 1974 vintage offers value-add and systems modernization upside.
- Risks: limited park access and mixed safety metrics warrant prudent capex and management.