| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 65th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4216 S Manhattan Ave, Tampa, FL, 33611, US |
| Region / Metro | Tampa |
| Year of Construction | 1979 |
| Units | 40 |
| Transaction Date | 2005-10-17 |
| Transaction Price | $6,200,000 |
| Buyer | INERTIA APARTMENTS LLC |
| Seller | MARLAN ASSOCIATES INC |
4216 S Manhattan Ave Tampa Value-Add Multifamily
Inner-suburban location with strong neighborhood amenities and a solid renter base suggest durable demand, according to WDSuite’s CRE market data. Occupancy at the neighborhood level has been stable, supporting steady operations for well-run assets.
This Inner Suburb pocket of Tampa earns an A neighborhood rating and ranks among the stronger communities in the metro, reflecting balanced fundamentals for multifamily investors. Amenity access stands out: restaurants and groceries score well above national norms, while parks, pharmacies, and cafés land in the top deciles nationally. These everyday conveniences help support leasing velocity and retention for workforce and professional renters.
Neighborhood-level renter concentration is above the national median, indicating a deeper pool of renter-occupied units rather than ownership-dominated housing. For investors, that typically translates into steadier demand across economic cycles and a broader marketing funnel for smaller-format units. By contrast, average school ratings sit below the national median, which may temper appeal for family-heavy tenancy but is less likely to affect studios and one-bedroom demand profiles.
The property’s 1979 vintage is older than the neighborhood’s average construction year. That age profile often points to value-add opportunities—interiors, building systems, and common areas—while also requiring thoughtful capital planning to remain competitive versus 1990s-and-newer stock.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, with household sizes edging smaller over time. That shift typically expands the renter pool for smaller units and supports occupancy stability for well-maintained assets, based on commercial real estate analysis from WDSuite.
Home values in the immediate neighborhood are moderate by national standards, and rent-to-income ratios trend on the more manageable side. For operators, this combination can aid lease retention and reduce turnover risk, though more attainable ownership options may cap near-term pricing power in certain cohorts.
Neighborhood safety indicators sit around the national middle, with a mixed recent trend. Property-related offenses have declined materially over the past year, which is a constructive signal for day-to-day operations and tenant satisfaction. At the same time, violent incidents ticked up year over year, warranting routine risk management measures and ongoing monitoring. Investors should underwrite to standard security and lighting protocols and track updated local data prior to execution.
Proximity to major employers supports commuter convenience and a diverse tenant base, anchored by regional headquarters and large corporate offices in electronics manufacturing, managed care, financial services, healthcare distribution, and IT distribution.
- Jabil Circuit — electronics manufacturing (8.3 miles) — HQ
- Wellcare Health Plans — managed care (9.2 miles) — HQ
- Raymond James Financial — financial services (9.2 miles) — HQ
- Cardinal Health — healthcare distribution (9.8 miles)
- Tech Data — IT distribution (11.7 miles) — HQ
4216 S Manhattan Ave sits in an A-rated Inner Suburb with strong amenity access and an above-median share of renter-occupied housing units. Neighborhood occupancy has been steady, and nearby corporate employers reinforce daily commuter demand. The 1979 vintage is older than the local average, creating a clear value-add pathway through targeted renovations and selective system upgrades to enhance competitive positioning versus newer stock.
Within 3 miles, population and households have been growing and are expected to continue rising, with smaller household sizes pointing to a larger renter pool over time. According to CRE market data from WDSuite, ownership costs are moderate relative to income locally, which supports retention while implying some competition with for-sale options—an underwriting consideration for rent growth and lease management.
- A-rated neighborhood with top-tier amenity access supports leasing and retention
- Above-median renter concentration deepens the tenant base and aids occupancy stability
- 1979 vintage offers value-add potential through interiors and systems upgrades
- Nearby corporate employers underpin steady commuter-driven demand
- Risks: below-median school ratings and mixed safety trends; ownership alternatives may temper pricing power