| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3215 W Swann Ave Tampa Multifamily Investment
Strong neighborhood fundamentals and an elevated home-ownership cost profile point to durable renter demand and pricing power, according to WDSuite’s CRE market data. Focus centers on occupancy stability from a deep renter base and amenity-rich context near Tampa employment nodes.
The property sits in an Inner Suburb location ranked 7 out of 710 Tampa–St. Petersburg–Clearwater metro neighborhoods (A+). Daily-life amenities are a clear strength: the area is competitive among Tampa neighborhoods for access to groceries, pharmacies, restaurants, and childcare, and it lands in the top quartile nationally on several amenity measures. Based on CRE market data from WDSuite, neighborhood schools average 4.0 out of 5 and compare favorably both within the metro and against national norms, supporting family-oriented renter demand.
Renter-occupied unit share in the neighborhood is above the national median, indicating a sizable tenant pool and potential leasing depth for multifamily. Neighborhood occupancy is around the national midpoint; note that occupancy refers to the neighborhood, not this property. Median home values sit high relative to the nation and the metro, which tends to sustain reliance on multifamily rentals and can bolster lease retention where rents remain within local incomes.
Within a 3-mile radius, population and household counts have expanded over the past five years and are projected to continue rising, signaling renter pool expansion and demand support. Household incomes in this radius are comparatively strong, while rent-to-income levels in the neighborhood point to manageable affordability pressure—favorable for retention and steady collections.
The asset’s 1974 vintage is slightly older than the neighborhood average year built, which may imply ongoing capital planning and selective value-add to remain competitive against newer stock. That positioning can create renovation upside, particularly in an amenity-rich submarket where well-executed upgrades tend to translate into stronger tenant interest.
Safety indicators are mixed when benchmarked nationally. Overall crime outcomes track below the national median (national percentile in the low 40s), while property offenses are closer to the national midpoint and have improved year over year. Violent offense rates benchmark lower nationally (around the low 30s percentile) and have shown a recent uptick, so investors should underwrite with prudent assumptions and emphasize on-site measures that support resident comfort.
At the metro level (710 neighborhoods), the area compares reasonably well relative to peer locations but is not among the very safest. Trend-wise, the notable decline in property offenses versus last year is a constructive signal, though the increase in violent offenses warrants monitoring over the hold period.
Proximity to major healthcare and corporate services employers supports a steady commuter renter base and can aid leasing velocity and retention. Nearby anchors include Wellcare, Cardinal Health, Jabil Circuit, and Raymond James Financial.
- Wellcare — healthcare services (7.3 miles)
- Wellcare Health Plans — healthcare services (7.4 miles) — HQ
- Cardinal Health — healthcare distribution (9.1 miles)
- Jabil Circuit — electronics manufacturing (10.4 miles) — HQ
- Raymond James Financial — financial services (11.1 miles) — HQ
This 30-unit asset benefits from a top-ranked Inner Suburb location with strong amenity access, above-median renter concentration, and household incomes that help support rent levels. Elevated home values in the neighborhood reinforce reliance on rental housing, while neighborhood occupancy sits near the national midpoint—conditions that can underpin stable tenancy when paired with sound operations, according to CRE market data from WDSuite.
Built in 1974, the property may warrant targeted capex or a value-add plan to sharpen its position versus newer stock. Within a 3-mile radius, continued population and household growth point to a larger tenant base over time, supporting leasing and retention. Underwriting should account for mixed but improving safety trends and typical mid-market NOI dynamics observed locally.
- Amenity-rich A+ neighborhood with above-median renter concentration supports demand depth
- Elevated ownership costs locally sustain reliance on multifamily and lease retention
- 1974 vintage offers value-add and capex-driven repositioning potential
- Expanding 3-mile population and households point to a growing renter pool
- Risk: mixed safety signals and older systems warrant prudent underwriting and asset management