| 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 | 1981 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3719 Ohio Ave Tampa Multifamily Investment
Located in an inner-suburb pocket of Tampa with sustained renter demand and above-median neighborhood occupancy, this asset benefits from strong location fundamentals, according to WDSuite’s CRE market data. Stability at the neighborhood level and proximity to major job centers support consistent leasing and retention.
This Inner Suburb neighborhood rates A+ (ranked 23rd among 710 metro neighborhoods), signaling durable fundamentals for multifamily. Neighborhood occupancy trends are competitive within Tampa and sit in the top quartile among 710 metro neighborhoods, supporting steady cash flow potential at the property level when operations are well managed.
Livability is a clear strength: dining and daily-needs access score well above national norms (restaurants and cafes rank in the 90th+ national percentiles, and grocery and pharmacy access are similarly strong). Park acreage is limited nearby, which modestly constrains outdoor amenity options, but the area’s retail and service mix helps with day-to-day convenience for residents.
Vintage context: the average neighborhood construction year is 1978, and this property’s 1981 build is slightly newer than local stock, suggesting competitive positioning versus older assets while still warranting targeted system updates or modernization as part of capital planning.
Tenure and demand: the neighborhood shows an above-average renter-occupied share compared with national norms (76th percentile), indicating a meaningful renter base to draw from and supporting multifamily demand depth. Within a 3-mile radius, demographics point to recent population and household growth and projections for further household gains through the forecast period, which implies a larger tenant base and supports occupancy stability.
Affordability dynamics are favorable for rentals: home values are elevated (84th percentile nationally) and the value-to-income ratio sits near the top of national markets (95th percentile), indicating a high-cost ownership environment that tends to reinforce reliance on rental housing and can aid lease retention and pricing power, subject to unit quality and management.
Schools score below national averages, which may shape the resident mix toward renters prioritizing commute access and amenities over school performance; however, the neighborhood’s amenity breadth and access to employment nodes help sustain demand.
Safety indicators are mixed. Within the Tampa metro, the neighborhood’s crime rank is on the lower side (168th among 710), indicating more incidents than many local peers; nationally, the area sits around the middle of the pack (roughly 52nd percentile). Investors should underwrite with conservative assumptions but note that property crime has trended downward over the past year, while violent incidents showed a year-over-year uptick. Monitoring recent trendlines and on-the-ground management practices remains prudent.
Proximity to major corporate offices expands the commuter tenant base and supports leasing stability, particularly for workforce and professional renters. Notable nearby employers include Jabil Circuit, Cardinal Health, Raymond James Financial, Wellcare Health Plans, and Tech Data.
- Jabil Circuit — corporate offices (8.8 miles) — HQ
- Cardinal Health — corporate offices (8.8 miles)
- Raymond James Financial — financial services (10.0 miles) — HQ
- Wellcare Health Plans — health insurance (10.9 miles) — HQ
- Tech Data — IT distribution (12.7 miles) — HQ
3719 Ohio Ave offers 32 units built in 1981, positioned slightly newer than the surrounding stock and suitable for targeted renovations to drive competitiveness. The neighborhood’s top-quartile occupancy within the Tampa metro and strong amenity access support leasing durability, while elevated ownership costs in the area sustain renter demand and can aid retention. Within a 3-mile radius, recent and projected gains in households point to a larger tenant base over time, reinforcing demand for well-managed multifamily product.
Based on CRE market data from WDSuite, the submarket’s renter concentration sits above national norms and home values are comparatively high, indicating a high-cost ownership market that typically reinforces multifamily reliance. These dynamics, combined with proximity to major employment centers, present a straightforward case for operational execution and selective value-add to enhance returns, while remaining mindful of safety variations and school performance.
- Neighborhood occupancy in the top quartile of 710 Tampa-area neighborhoods supports leasing stability
- 1981 vintage offers value-add potential through targeted modernization versus older local stock
- Elevated home values and high value-to-income ratios bolster renter reliance and retention potential
- 3-mile radius shows population and household growth, expanding the tenant base
- Risks: mixed safety metrics, limited nearby park space, and below-average school scores warrant conservative underwriting