| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 45th | Fair |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5305 N Boulevard, Tampa, FL, 33603, US |
| Region / Metro | Tampa |
| Year of Construction | 1984 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5305 N Boulevard Tampa Multifamily Investment Opportunity
Neighborhood occupancy is competitive among Tampa areas and renter concentration is high, supporting depth of tenant demand according to WDSuite’s CRE market data.
This Inner Suburb location in Tampa offers everyday convenience that resonates with workforce renters. Neighborhood-level occupancy trends sit in a competitive tier among 710 Tampa–St. Petersburg–Clearwater neighborhoods, a constructive signal for lease stability. Parks, grocery, and pharmacy access are strong for the area, while restaurants are steady and cafes are limited, pointing to practical livability over lifestyle retail.
Within a 3-mile radius, households have increased and are projected to keep rising as average household size trends lower. That typically expands the renter pool and supports absorption for midscale multifamily, particularly properties positioned with practical finishes and parking.
Home values run high relative to local incomes (above national norms on a value-to-income basis), which tends to reinforce reliance on rental housing and can support pricing power where management maintains service quality. Neighborhood rent-to-income levels suggest manageable affordability pressure, aiding retention with disciplined renewal strategies.
School ratings trail national norms, which can shift the resident mix toward young professionals and service workers rather than families prioritizing top schools. For investors, demand is more anchored by location fundamentals and commute access than by school-driven moves.
Safety indicators are mixed. On metro rankings where lower ranks indicate higher reported crime, this neighborhood sits closer to the higher-incident side among 710 Tampa–St. Petersburg–Clearwater neighborhoods, while national comparisons place it around the middle of U.S. neighborhoods.
Recent direction is constructive: estimated property offenses fell notably year over year and violent-offense trends improved modestly. For underwriting, this supports a balanced view and continued monitoring at the sub-neighborhood level.
Proximity to managed care, financial services, healthcare distribution, insurance, and electronics manufacturing employers supports commuter convenience and a diversified renter base. The following anchors are within a practical drive of the property:
- Wellcare Health Plans — managed care (5.6 miles) — HQ
- Raymond James — financial services (7.1 miles)
- Cardinal Health — healthcare distribution (10.1 miles)
- MetLife Insurance Company — insurance (10.8 miles)
- Jabil Circuit — electronics manufacturing (14.1 miles) — HQ
5305 N Boulevard is a 48-unit, 1984-vintage property in a Tampa Inner Suburb where neighborhood occupancy is competitive versus metro peers and renter concentration is high. According to CRE market data from WDSuite, local home values outpace incomes, which helps sustain multifamily demand and supports steady leasing for well-managed assets. The 1984 construction points to value-add potential through targeted interior improvements and building-systems modernization to strengthen positioning against newer stock.
Within a 3-mile radius, households have grown and are projected to expand further even as household sizes trend smaller, indicating a larger tenant base over time. Strong access to parks, groceries, and pharmacies bolsters day-to-day convenience, while weaker school ratings and a limited cafe scene suggest the resident profile is more driven by proximity to employment and services.
- Competitive neighborhood occupancy supports leasing stability
- High renter-occupied share signals depth of tenant demand
- 1984 vintage allows focused value-add and systems upgrades
- Ownership costs above local incomes reinforce rental reliance
- Risks: school ratings below national norms and metro-relative crime warrant ongoing monitoring