| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 41st | Fair |
| Amenities | 40th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4827 Melton Ave, Tampa, FL, 33614, US |
| Region / Metro | Tampa |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4827 Melton Ave Tampa Multifamily Investment
Neighborhood renter concentration is high and occupancy is steady, suggesting a durable tenant base according to WDSuite’s CRE market data. Positioned in Tampa’s urban core, the asset benefits from broad renter demand drivers with manageable competitive pressure nearby.
Located in Tampa’s Urban Core, the neighborhood shows competitive occupancy relative to the metro and around the national midpoint, pointing to stable leasing conditions rather than volatility. The renter-occupied share of housing units is high for the metro, indicating a deep tenant pool that can support leasing continuity for smaller multifamily assets.
Daily needs are supported by strong access to restaurants and pharmacies, with grocery availability above national norms, while parks, cafés, and childcare options are comparatively limited. For investors, this mix typically sustains day‑to‑day convenience but suggests fewer lifestyle differentiators, which can influence positioning and resident retention strategies.
Within a 3‑mile radius, households have grown in recent years and are projected to expand further through 2028, even as average household size trends slightly smaller. This pattern generally supports a larger renter base and steady absorption for efficiently sized apartments.
Ownership costs in the surrounding area are elevated relative to incomes, and neighborhood rent-to-income ratios are high. For investors, this combination reinforces reliance on rental housing and can sustain demand, but it also warrants active lease management to monitor affordability pressure and limit turnover.
Safety indicators are mixed. The neighborhood sits below the national median on overall safety, but both violent and property offense rates have improved year over year. This recent downward trend suggests incremental progress rather than a definitive shift and should be incorporated into risk assessment and underwriting assumptions.
Compared with other neighborhoods in the Tampa–St. Petersburg–Clearwater metro (710 total), current conditions merit cautious monitoring, with emphasis on property security practices and resident communication. Investors typically frame this profile as a manageable, policy-driven risk rather than a structural barrier, contingent on continued local trend improvement.
Proximity to healthcare and financial services employers underpins workforce housing demand and convenient commutes, supporting leasing stability for smaller units. Employers nearby include Wellcare, Wellcare Health Plans, Raymond James, Jabil Circuit, and Raymond James Financial.
- Wellcare — health plans administration (4.8 miles)
- Wellcare Health Plans — health plans administration (5.0 miles) — HQ
- Raymond James — financial services offices (7.2 miles)
- Jabil Circuit — electronics manufacturing (13.0 miles) — HQ
- Raymond James Financial — financial services (13.2 miles) — HQ
4827 Melton Ave is a 24‑unit asset in a renter‑heavy Tampa neighborhood where occupancy is competitive among metro peers and near the national midpoint. Elevated ownership costs in the area, combined with a high neighborhood renter concentration, support durable multifamily demand for efficiently sized units, while recent household growth within a 3‑mile radius points to a larger near‑term tenant base.
Affordability pressure is the principal watch item: neighborhood rent‑to‑income levels are high, calling for disciplined lease management and thoughtful renewal strategies. At the same time, safety metrics have improved year over year, and proximity to healthcare and finance employers supports retention. According to CRE market data from WDSuite, these dynamics align with steady occupancy potential and measured pricing power rather than outsized volatility.
- Renter‑heavy neighborhood supports depth of demand and occupancy stability
- Household growth within 3 miles expands the near‑term renter pool
- Elevated ownership costs reinforce reliance on multifamily housing
- Employer proximity (healthcare and finance) supports retention and leasing
- Risk: High rent‑to‑income ratios require active affordability and renewal management