| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 90th | Best |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 411 Danube Ave, Tampa, FL, 33606, US |
| Region / Metro | Tampa |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2020-04-07 |
| Transaction Price | $500,000 |
| Buyer | DANUBE LAND HOLDINGS LLC |
| Seller | GIBBS MARGARET ROOD |
411 Danube Ave Tampa Multifamily Investment
In Tampa’s inner suburb, neighborhood fundamentals point to durable renter demand as elevated home values and high-income households support lease stability, according to WDSuite’s CRE market data.
The property sits in an A+ rated neighborhood that is competitive among Tampa-St. Petersburg-Clearwater neighborhoods (ranked 10th out of 710), with local amenities and demographics that support multifamily demand. Parks access is a standout strength, landing in the 98th percentile nationally, with pharmacies and restaurants also above national medians. Cafés are limited, but daily needs are well-covered by grocery and pharmacy presence that both score above the national midpoint.
Household incomes are among the highest nationwide (99th percentile), and home values are elevated (99th percentile). In investor terms, this is a high-cost ownership market where renting remains a practical alternative, bolstering tenant retention and pricing power for well-positioned assets. The neighborhood’s rent-to-income ratio sits in the higher national percentiles for sustainability, indicating manageable affordability pressure relative to incomes.
Within a 3-mile radius, population and household counts have grown historically and are projected to expand further, pointing to a larger tenant base over the next cycle. The area shows a meaningful renter-occupied share within this radius, which supports depth of demand and leasing velocity for multifamily communities.
One watchpoint: neighborhood occupancy performance trends below the metro median (ranked 486 out of 710), which places a premium on active leasing and renewal management. Even so, NOI per unit ranks strong relative to peers in the metro and lands in the upper national percentiles, suggesting that well-operated properties can perform competitively in this location.
Neighborhood safety metrics are mixed relative to national benchmarks. Overall crime sits around the national middle (50th percentile), with property offenses modestly better than average (56th percentile). Violent offense metrics track below the national median (23rd percentile), which warrants routine risk management and security best practices for multifamily operations.
Recent trend data is constructive: estimated property offenses improved markedly year over year, placing the neighborhood’s improvement rate in a strong national position (around the 80th percentile). As with any inner-suburban location, investors should evaluate on-site measures, lighting, and access control, and compare them with nearby submarkets to align with underwriting assumptions.
Proximity to a diverse employment base—including healthcare, finance, and electronics—supports renter demand via short commutes and retention for workforce and professional tenants. Nearby anchors include Cardinal Health, Wellcare, Wellcare Health Plans, Raymond James, and Jabil Circuit.
- Cardinal Health — healthcare distribution (6.3 miles)
- Wellcare — managed care (9.5 miles)
- Wellcare Health Plans — managed care (9.6 miles) — HQ
- Raymond James — financial services offices (12.1 miles)
- Jabil Circuit — electronics manufacturing (12.5 miles) — HQ
This 20-unit asset benefits from a high-income, high-cost ownership ecosystem where renter demand is supported by elevated home values and a strong professional employment base. According to CRE market data from WDSuite, the neighborhood’s amenity and demographic profile outperforms national medians—particularly in parks, restaurants, and household incomes—while NOI per unit compares favorably versus broader benchmarks. Within a 3-mile radius, population and households are expanding, indicating a larger tenant base that can underpin occupancy stability and renewal performance.
Operational focus remains important: neighborhood occupancy trends sit below the metro median, and safety indicators are mixed, so disciplined leasing, thoughtful unit positioning, and standard security practices should be part of the plan. Given the area’s rent-to-income dynamics and high-cost ownership market, well-executed management can sustain competitive rents and retention without stretching affordability.
- High-income, high-cost ownership market reinforces depth of renter demand and renewal prospects
- Amenity access and parks strength support livability, with NOI per unit competitive nationally
- Expanding 3-mile population and household base supports a larger tenant pool over the next cycle
- Risks: sub-median neighborhood occupancy and mixed safety benchmarks require active leasing and standard security measures