| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 51st | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Ashley Rd, Greenville, FL, 32331, US |
| Region / Metro | Greenville |
| Year of Construction | 1995 |
| Units | 22 |
| Transaction Date | 2012-09-02 |
| Transaction Price | $910,000 |
| Buyer | JEFFCO LAND LLC |
| Seller | SIF LAND INC |
101 Ashley Rd Greenville, FL Multifamily Investment
Rural neighborhood dynamics point to a thinner renter pool but strong payment capacity given low rent-to-income levels, according to WDSuite’s CRE market data. Expect steady, utility-focused demand where pricing must balance affordability with lease retention.
This Greenville location sits within a rural neighborhood of the Tallahassee, FL metro, where daily conveniences are sparse and residents typically drive for groceries, services, and dining. Amenity counts rank near the bottom among 143 metro neighborhoods, underscoring a car-dependent setting. For investors, this tends to favor value-focused properties that meet essential needs over lifestyle positioning.
Neighborhood housing occupancy is lower than most areas locally and sits in a low national percentile, signaling that lease-up velocity may be slower and renewals more important to performance. At the same time, renter affordability is comparatively favorable (low rent-to-income), which can support payment consistency and reduce turnover risk when rents remain aligned with the market, based on commercial real estate analysis from WDSuite.
Tenure patterns point to a predominantly owner-occupied housing base at the neighborhood level, with renter-occupied units comprising a smaller share. For multifamily investors, that translates into a narrower but potentially stable tenant base: marketing may need to reach a wider radius, while resident retention and service quality become key to sustaining occupancy.
Home values in the surrounding area are near metro norms, implying ownership is relatively accessible compared with high-cost coastal markets. That can introduce competition from for-sale options, limiting near-term pricing power for rentals. In this context, durable operations often rely on clean, functional units, responsive management, and expense discipline rather than premium rent growth.
Neighborhood-level crime metrics are not available for this area in WDSuite at this time. Investors typically benchmark safety using county and metro data, property-level incident history, and insurer/third-party reports to inform staffing, lighting, and access-control policies. Given the rural setting, a site-specific review is recommended to align operating practices with resident expectations.
Employment options within commuting distance are modest but include industrial and corporate operations that can support workforce housing demand reflected in this submarket. The list below highlights nearby employers relevant to the resident base.
- Packaging Corporation of America — paper & packaging manufacturing (24.1 miles)
This 22-unit property operates in a rural Jefferson County location with limited amenities but comparatively strong renter affordability, which can support collections and renewals when rents are kept market-appropriate. The neighborhood’s lower occupancy suggests leasing cycles may run longer, so performance leans on retention, targeted marketing, and pragmatic value-add that prioritizes livability and operating efficiency.
According to CRE market data from WDSuite, the area’s owner-heavy tenure and accessible ownership costs temper rent growth expectations but also reinforce the role of functional, well-managed rentals for households that prefer or need flexibility. Near-term upside is more likely to come from disciplined expense control, focused unit turns, and service consistency than from outsized rent increases.
- Favorable rent-to-income levels support payment capacity and renewal potential
- Workforce demand within commuting radius can backfill vacancies with value-focused renters
- Operational upside via expense discipline, efficient turns, and resident service
- Risk: thin renter base and lower neighborhood occupancy may slow lease-up and limit pricing power