| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 44th | Fair |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8733 N 50th St, Tampa, FL, 33617, US |
| Region / Metro | Tampa |
| Year of Construction | 1989 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8733 N 50th St Tampa Multifamily Opportunity
Neighborhood data points to a deep renter base and everyday convenience, according to WDSuite’s CRE market data, supporting steady leasing fundamentals around this 1989-built, 32-unit asset. Neighborhood occupancy and pricing dynamics should be evaluated alongside tenant affordability and retention planning.
Located in Tampa’s inner suburbs, the surrounding neighborhood rates B and is competitive among Tampa-St. Petersburg-Clearwater neighborhoods (297 of 710), per WDSuite. Amenity access is strongest for daily needs—grocery and pharmacy options rank above the metro median—while parks and cafes are thinner, which skews the area more toward practical convenience than lifestyle-driven retail.
Renter-occupied housing accounts for a high share of neighborhood units (61.3% renter concentration), indicating depth in the tenant base for multifamily. Neighborhood occupancy trends are softer (84.8%), so underwriting should emphasize asset-level leasing performance and renewal execution rather than relying on submarket lift.
Within a 3-mile radius, population has expanded recently and households have grown faster than population, with smaller average household sizes. This combination typically enlarges the renter pool and supports occupancy stability for well-managed properties. Median contract rents in the area sit in the middle of the pack locally, while rent growth has been resilient, reinforcing the case for stable cash flow if units are maintained competitively.
The property’s vintage is 1989 versus an area average near the late 1970s, giving it a relative edge over older stock. Investors should still plan for ongoing systems modernization and selective renovations to defend positioning against newer deliveries and to capture value-add potential where finishes lag.
Ownership costs in the neighborhood are elevated relative to local incomes (high value-to-income ratio), which tends to sustain reliance on rental housing and can support pricing power. At the same time, a high rent-to-income ratio at the neighborhood level points to affordability pressure; active lease management and renewal strategies can help preserve retention.
Based on WDSuite, the neighborhood’s safety profile trends below the national median (crime measures around the 38th percentile nationwide) and sits below the metro average (crime rank 368 of 710 Tampa-area neighborhoods). Recent data shows property offense rates have improved with a notable year-over-year decline, while violent offense indicators remain weaker than national norms. Investors should emphasize standard security measures, lighting, and resident engagement to support retention and reputation.
Nearby employment anchors in insurance, financial services, and healthcare broaden the commuter base and can support leasing and retention for workforce-oriented units. The list below reflects prominent corporate offices within a reasonable commute.
- MetLife Insurance Company — insurance (7.0 miles)
- Raymond James — financial services (7.6 miles)
- Wellcare — healthcare services (8.9 miles)
- Wellcare Health Plans — healthcare services (9.1 miles) — HQ
- Cardinal Health — healthcare distribution (10.5 miles)
This 32-unit 1989 garden-style asset sits in a renter-heavy Tampa neighborhood with strong everyday amenities and a commuter-friendly employment base. Compared with the area’s older average stock, the vintage provides relative competitiveness, while selective renovations and systems upgrades can unlock value-add upside. According to CRE market data from WDSuite, neighborhood occupancy is softer and rent-to-income levels are elevated, suggesting the business plan should prioritize renewal management, steady lease administration, and targeted improvements that enhance livability without overreaching on rents.
Within a 3-mile radius, recent population and household growth, alongside smaller household sizes, point to a larger tenant base over time. Elevated ownership costs relative to incomes in the neighborhood reinforce reliance on multifamily housing, which can support demand and leasing stability for well-positioned properties.
- 1989 vintage is newer than area norms, supporting competitiveness with planned modernization
- High renter concentration signals depth of tenant demand for multifamily
- Everyday amenities and nearby corporate offices underpin workforce leasing
- Elevated ownership costs versus incomes support sustained renter reliance
- Risks: softer neighborhood occupancy, below-median safety indicators, and affordability pressure require disciplined lease and capex planning