| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 62nd | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 White Dr, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1980 |
| Units | 54 |
| Transaction Date | 2002-07-30 |
| Transaction Price | $1,452,000 |
| Buyer | VILLA SAN CARLO L L C |
| Seller | VALLEY HI ASSOC LTD |
108 White Dr, Tallahassee FL Multifamily Investment
Renter-occupied housing is prevalent in this inner-suburb neighborhood, supporting a durable tenant base, according to WDSuite’s CRE market data. Amenity density and a large 18–34 renter pool at the neighborhood level point to steady leasing for efficiently sized units.
The neighborhood delivers strong daily-needs access with grocery, pharmacy, and cafe density that is competitive among Tallahassee neighborhoods (ranks near the top locally), and restaurants also score in the upper tier. Limited park and childcare options locally temper the amenity mix, but overall convenience supports renter retention and leasing velocity for workforce and student-adjacent demand.
At the neighborhood scale, occupancy has been broadly stable over recent years, though current levels sit below the metro median. By contrast, renter-occupied housing is very high for the area, indicating depth in the tenant pool and consistent demand for multifamily product rather than ownership.
Construction in the immediate area skews to the mid-1980s on average, and this property’s 1980 vintage is slightly older. That positioning can present value-add potential through targeted interior upgrades and systems modernization to improve competitive standing versus newer stock while planning for capital needs.
Within a 3-mile radius, demographics show a large concentration of 18–34-year-olds and growth in households over the last five years, with further increases projected. This trend suggests a larger tenant base and supports occupancy stability for smaller-format units, especially as rents have trended upward at the neighborhood level in recent years.
Income levels in the neighborhood are modest and rent-to-income ratios indicate affordability pressure for some renters. For investors, this calls for prudent lease management and unit mix/pricing strategies that balance rent growth with retention.
Relative to Tallahassee’s 143 tracked neighborhoods, crime measures for this area are below the metro average, and national comparisons place the neighborhood in lower safety percentiles. Year-over-year estimates indicate recent increases in both property and violent offenses. For investors, this warrants enhanced operational focus on lighting, access control, and partnership with professional management to support resident comfort and retention.
Safety conditions can vary by block and over time; investors typically underwrite with conservative assumptions and emphasize on-site best practices when neighborhood ranks trend below metro medians.
This 54-unit asset with efficiently sized floor plans is positioned in a renter-heavy inner suburb with strong daily-needs access. Neighborhood-level rents have risen over the past five years, and a large 18–34 population within a 3-mile radius supports ongoing renter demand. According to CRE market data from WDSuite, occupancy at the neighborhood level has been generally steady, though currently below the metro median—suggesting room to outperform through targeted operations and refreshed product.
Built in 1980, the property is slightly older than the area’s mid-1980s average, creating clear value-add pathways via interior updates and systems planning. Amenity density is a local strength, while affordability pressure (elevated rent-to-income ratios) and safety ranks below metro averages call for disciplined lease management and security-focused operations. Overall, demand fundamentals and value-add potential offer a pragmatic long-term thesis.
- Renter-heavy neighborhood with large 18–34 tenant base supports leasing depth
- Amenity-rich location (grocery, cafes, restaurants) aids retention and marketing
- 1980 vintage offers value-add potential through upgrades and modernization
- Neighborhood occupancy stability, with upside from focused operations and positioning
- Risks: below-metro safety ranks and affordability pressure require prudent lease and security management