| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 61st | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4711 N Grady Ave, Tampa, FL, 33614, US |
| Region / Metro | Tampa |
| Year of Construction | 1972 |
| Units | 21 |
| Transaction Date | 2008-03-31 |
| Transaction Price | $650,000 |
| Buyer | ASTHA LLC |
| Seller | NORTH GRADY APARTMENTS TWO LLC |
4711 N Grady Ave Tampa Multifamily Investment
Positioned in an inner-suburban Tampa neighborhood with strong renter concentration and daily-needs access, the asset offers steady demand drivers, according to WDSuite’s CRE market data. Smaller-format units can target cost-conscious renters and commuters seeking proximity to major employers.
The property sits in an Inner Suburb of Tampa rated A and ranked 73 out of 710 metro neighborhoods, indicating competitive positioning among Tampa submarkets. Amenity access is a local strength: restaurants are in the top quartile nationally, with cafes, groceries, parks, and pharmacies also scoring above national medians — factors that typically support day-to-day convenience and resident retention.
Renter-occupied housing accounts for a high share of neighborhood units (ranked 67 of 710), signaling depth in the tenant base and consistent multifamily demand. While neighborhood occupancy trends have been softer relative to metro peers (ranked 598 of 710), the combination of commuter access and service amenities provides a foundation for lease-up and renewal strategies.
Within a 3-mile radius, recent years show a modest population dip alongside stable household counts, pointing to smaller household sizes. Forward-looking data indicate population growth and a notable increase in households by the mid-term forecast horizon, which translates to a larger renter pool and supports occupancy stability for well-located multifamily assets.
The 1972 construction is slightly older than the neighborhood average (1977). This vintage profile can create value-add potential through targeted renovations and systems upgrades, improving competitive positioning against newer stock while managing capex prudently. Neighborhood economics are supportive: median contract rents benchmark above many peer areas and have trended upward, and NOI per unit ranks near the top of the metro (18 of 710; top quartile nationally), underscoring income efficiency for operators focused on expense control and pricing discipline.
Safety indicators for the neighborhood are below both metro and national benchmarks (crime rank 512 out of 710; national percentiles in the lower ranges). For context, property-related offenses have declined year over year, while violent offense estimates show a recent uptick. Investors should underwrite to these mixed signals by emphasizing lighting, access control, and partnership with professional security vendors where appropriate, and by aligning leasing strategies with resident expectations.
Nearby corporate nodes anchor employment in healthcare, financial services, and electronics manufacturing — a diversified base that supports renter demand and commute convenience for workforce tenants. This list reflects employers within practical commuting distance that can reinforce leasing stability.
- Wellcare — health plans (4.0 miles)
- Wellcare Health Plans — health plans (4.0 miles) — HQ
- Raymond James — financial services (7.3 miles)
- Cardinal Health — medical distribution (11.6 miles)
- Jabil Circuit — electronics manufacturing (11.8 miles) — HQ
4711 N Grady Ave offers exposure to an A-rated, inner-suburban Tampa location with strong amenity access and a high share of renter-occupied housing, supporting depth of demand. The 1972 vintage suggests actionable value-add opportunities — interior upgrades and building systems modernization — to improve competitive standing versus newer supply while managing capex pacing. According to CRE market data from WDSuite, neighborhood NOI per unit performance ranks near the top of the metro, and forecast demographics within 3 miles point to population growth and an increase in households, expanding the renter pool and supporting occupancy stability over the medium term.
Balanced underwriting should account for softer neighborhood occupancy trends and below-average safety metrics, alongside rent-to-income pressures that call for disciplined lease management. Proximity to large employers and above-median daily-needs access can help sustain leasing velocity and renewals for smaller-format units aimed at cost-conscious renters.
- Competitive A-rated neighborhood with top-quartile amenity access and diversified employment nearby
- 1972 vintage creates clear value-add and systems-upgrade pathways to enhance rentability
- High renter-occupied share supports tenant base depth and leasing durability
- Demographic outlook within 3 miles indicates population and household growth, expanding the renter pool
- Risks: softer neighborhood occupancy and below-average safety; mitigate via operational focus on retention, security, and pricing discipline