| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 10th | Poor |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2974 Jackson St, Fort Myers, FL, 33901, US |
| Region / Metro | Fort Myers |
| Year of Construction | 1984 |
| Units | 20 |
| Transaction Date | 2011-04-14 |
| Transaction Price | $560,000 |
| Buyer | FORT ADVENTURE LLC |
| Seller | FLORENTINE HOLDING COMPANY LLC |
2974 Jackson St, Fort Myers Multifamily Opportunity
Neighborhood renter concentration is high with stable occupancy trends, according to WDSuite’s CRE market data, supporting consistent tenant demand for a 20-unit asset in this inner-suburb location.
The property sits in an inner-suburb pocket of Fort Myers where neighborhood occupancy has improved over the past five years, indicating steadier leasing fundamentals at the neighborhood level rather than at the property itself. Median contract rents in the area are modest for the metro, which can support retention and help sustain occupancy through cycles.
Amenity access is mixed: neighborhood grocery coverage is strong relative to many U.S. areas, and restaurant density is competitive for the metro, while parks and pharmacies are limited within the immediate neighborhood. School ratings trend below regional norms, which some workforce renters may weigh against commute convenience and cost. These conditions suggest durable workforce housing demand with selective trade-offs on lifestyle amenities.
Construction patterns skew older locally, and a 1984 vintage positions this asset newer than the neighborhood average (1964). That can provide a competitive edge versus older stock, while still warranting capital planning for systems modernization or light value-add to meet renter expectations.
Within a 3-mile radius, demographics show population and household growth with an expanding share of working-age residents. This indicates a larger tenant base and supports occupancy stability for multifamily properties. Neighborhood home values are lower than many U.S. areas, which can introduce some competition from entry-level ownership; however, that same dynamic keeps rentals relatively accessible, reinforcing tenant retention for well-managed assets.
Neighborhood safety indicators are better than the national average overall. The area’s crime profile is competitive among Cape Coral–Fort Myers neighborhoods (ranked 64 out of 211), and the neighborhood falls around the 70th percentile for safety nationally, meaning safer than many neighborhoods across the country.
Recent trend data shows improvement: estimated violent offenses declined year over year and property offenses fell more sharply. These dynamics point to a constructive trajectory, though investors should continue to monitor local trends alongside broader metro patterns. All metrics reflect neighborhood-level conditions, not property-level security.
Regional employment is anchored by a mix of corporate and service-sector roles that broaden the renter base and support retention; the list below highlights a notable headquarters within commuting distance.
- Hertz Global Holdings — corporate offices (14.5 miles) — HQ
This 20-unit, 1984-vintage asset benefits from a renter-occupied neighborhood profile and improving neighborhood occupancy, supporting demand durability and leasing stability. Based on commercial real estate analysis from WDSuite, local rents are moderate for the metro and grocery/restaurant access is solid even as parks and pharmacies are sparse, aligning the submarket with workforce housing fundamentals.
The 1984 construction is newer than much of the surrounding housing stock, offering competitive positioning against older properties while still presenting practical opportunities for systems updates or targeted value-add. Within a 3-mile radius, rising population and households expand the renter pool, which can support occupancy and renewal performance over the next cycle. Balanced against these strengths are softer school ratings and relatively accessible ownership costs that may compete with rentals—factors to price and operate against rather than reasons to disengage.
- Renter-heavy neighborhood supports depth of tenant demand and leasing stability.
- 1984 vintage is newer than local average, with scope for targeted modernization/value-add.
- Solid grocery and restaurant access aids livability and retention despite limited parks/pharmacies nearby.
- 3-mile area shows population and household growth, indicating a larger renter pool ahead.
- Risks: lower school ratings and comparatively accessible ownership options may temper pricing power; active asset management is key.