| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 21st | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6070 Gibson Ave, Tampa, FL, 33617, US |
| Region / Metro | Tampa |
| Year of Construction | 2009 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6070 Gibson Ave Tampa Multifamily Investment Opportunity
2009-vintage, 66-unit asset positioned in an inner-suburban Tampa neighborhood where renter-occupied housing is prevalent, supporting depth of tenant demand according to WDSuite’s CRE market data.
Livability supports workforce housing demand. Amenity access scores in the top quartile among 710 Tampa metro neighborhoods and trends above national averages for restaurants and daily-needs retail (restaurants near the 85th percentile and groceries in the mid-70s nationally), according to WDSuite’s CRE market data. This translates into practical convenience that can aid leasing and retention rather than destination retail that is hard to monetize.
The property’s 2009 construction is newer than the neighborhood’s typical 1980s vintage, offering relative competitiveness versus older stock. Investors should still plan for mid-life systems updates and selective common-area modernization to sustain positioning against newer deliveries.
Tenure patterns at both the neighborhood level and within a 3-mile radius indicate a sizable renter base. WDSuite data show the neighborhood has a high share of renter-occupied units, and within 3 miles, approximately two-thirds of housing units are renter-occupied. This depth of renters supports multifamily absorption and occupancy stability through cycles.
Demand drivers are reinforced by demographics within a 3-mile radius: population grew modestly over the past five years, households increased, and WDSuite’s 2028 outlook anticipates further population growth with a faster rise in household counts, implying smaller average household sizes and a larger tenant base. Median contract rents in this radius have risen meaningfully, while the neighborhood’s rent-to-income ratio near 0.26 suggests some affordability pressure to manage through lease strategies rather than outsized pricing power.
Ownership costs look elevated in context: neighborhood value-to-income sits in a higher national percentile, and home values trend above many peer areas. For multifamily, this typically sustains renter reliance on apartments, supporting retention and leasing velocity even as residents weigh ownership alternatives.
Safety indicators are mixed but improving. Overall crime performance trends slightly better than the national middle, while violent and property offense measures sit below national percentiles. However, year-over-year data show notable declines in both violent and property offense estimates, pointing to recent momentum. These figures reflect neighborhood-level patterns rather than property-specific conditions.
Investors should view safety as a relative factor among Tampa neighborhoods and monitor ongoing trends; improving trajectories can aid leasing and renewal outcomes, while current levels may still warrant prudent security and lighting/camera upgrades as part of capital planning.
Nearby corporate offices in insurance, financial services, and healthcare provide a diversified employment base that supports renter demand and commute convenience for residents.
- MetLife Insurance Company — insurance (4.7 miles)
- Raymond James — financial services (7.4 miles)
- Wellcare — healthcare (9.9 miles)
- Wellcare Health Plans — healthcare (10.0 miles) — HQ
- Cardinal Health — medical distribution (12.5 miles)
6070 Gibson Ave offers a 2009-vintage, 66-unit footprint positioned in an inner-suburban Tampa neighborhood with solid amenity access and a deep renter pool. Within a 3-mile radius, population and households have been expanding, and forecasts point to further population growth with a faster increase in household counts, which supports a larger tenant base and occupancy stability. Elevated ownership costs in the neighborhood context tend to reinforce reliance on rental housing, while the asset’s newer vintage versus the area’s 1980s norm provides a competitive edge with manageable mid-life capital planning.
According to CRE market data from WDSuite, neighborhood occupancy has been stable, renter-occupied unit share is high, and recent safety trends show improvement even if levels warrant continued attention. Investors can target durable cash flow with selective renovations to maintain positioning against newer supply and align rents with local affordability dynamics.
- Inner-suburban location with top-quartile amenity access supporting leasing and retention
- 2009 vintage relative to 1980s neighborhood stock offers competitive positioning with targeted mid-life updates
- 3-mile radius shows population and household growth, expanding the tenant base and supporting occupancy stability
- Elevated ownership costs in the area underpin sustained multifamily rental demand and lease retention
- Risks: affordability pressures (rent-to-income near 0.26) and variable safety levels require proactive lease and property management