| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 64th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3719 Ohio Ave, Tampa, FL, 33611, US |
| Region / Metro | Tampa |
| Year of Construction | 1972 |
| Units | 32 |
| Transaction Date | 2010-07-02 |
| Transaction Price | $710,000 |
| Buyer | KEYSTONE TAMPA LLC |
| Seller | SHAPIRO GAIL |
3719 Ohio Ave, Tampa — South Tampa Multifamily with Stable Renter Demand
Neighborhood occupancy remains resilient and ownership costs are elevated, supporting durable renter demand in South Tampa, according to WDSuite’s CRE market data. Investor focus centers on steady leasing fundamentals and value-add potential tied to 1970s vintage.
This Inner Suburb pocket of South Tampa ranks 23rd among 710 metro neighborhoods (A+ rating), placing it well above the metro median for overall neighborhood performance. Amenity access is a local strength: dining density sits in the top tier metro-wide, with strong showings for groceries, cafes, and childcare options, while park access is limited within the immediate area.
Multifamily fundamentals are supportive. The neighborhood s occupancy is 93.7% and has trended higher over five years, indicating stable leasing and modest absorption. Renter-occupied share is 36.4% of housing units, providing a meaningful tenant base without excessive concentration, which can help balance renewal risk and pricing power.
Home values are elevated relative to incomes in this neighborhood (value-to-income metrics are in the high end of national comparisons), reinforcing reliance on rental housing and supporting sustained demand for well-managed units. At the same time, rent-to-income measures indicate some affordability pressure, suggesting attention to lease management and amenity-driven retention strategies.
Within a 3-mile radius, demographics show population and household growth over the past five years, with forecasts pointing to continued gains and smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability going forward, based on CRE market data from WDSuite. School quality scores trail national averages, which may matter for family-oriented product but is less binding for smaller-unit mixes common in infill assets.
Safety indicators are mixed when viewed against both metro and national context. The neighborhood s overall crime profile sits around the national middle (roughly above-average safety compared to neighborhoods nationwide), and its crime rank is competitive within the Tampa-St. Petersburg-Clearwater metro relative to many peers among 710 neighborhoods.
Trend signals are noteworthy: property offense estimates declined sharply year over year (a positive movement that ranks strongly on a national basis), while violent offense estimates increased over the same period. For investors, this combination suggests monitoring short-term volatility while recognizing improving property-crime momentum. Conclusions should be drawn at the neighborhood scale rather than the block level, and tracked over time.
The nearby employment base blends electronics manufacturing, healthcare, finance, and IT distribution, supporting a diversified renter pool and commute-friendly demand for workforce and professional tenants.
- Jabil Circuit — electronics manufacturing (8.7 miles) — HQ
- Cardinal Health — healthcare distribution (8.9 miles)
- Raymond James Financial — financial services (9.9 miles) — HQ
- Wellcare Health Plans — managed care (10.9 miles) — HQ
- Tech Data — IT distribution (12.6 miles) — HQ
3719 Ohio Ave is a 1972-vintage, 32-unit asset positioned in an A+-rated South Tampa neighborhood that ranks well above the metro median among 710 neighborhoods. Elevated home values relative to incomes help sustain renter reliance on multifamily housing, while neighborhood occupancy has remained solid and trended upward, supporting leasing stability. Based on CRE market data from WDSuite, small-household growth within a 3-mile radius and continued household formation trends point to an expanding tenant base.
The 1970s vintage suggests potential value-add and capital planning opportunities (exteriors, unit interiors, and systems modernization) to enhance competitiveness against newer stock. Key watch items include affordability pressure reflected in rent-to-income measures, school quality that trails national averages, and mixed safety trends that merit monitoring.
- South Tampa A+ location with above-metro performance and strong amenity access
- Occupancy around the neighborhood has risen over five years, supporting leasing stability
- Elevated ownership costs reinforce sustained multifamily demand and renewal potential
- 1972 vintage offers value-add and systems-upgrade upside to enhance positioning
- Risks: affordability pressure, below-average school ratings, and mixed but improving property-crime trends