| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 39th | Fair |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1123 Greentree Ct, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 2001 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1123 Greentree Ct Tallahassee Multifamily Opportunity
Positioned in an inner-suburb of Tallahassee, this 21-unit asset benefits from a renter-leaning area and a 2001 vintage that competes against older local stock, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood with a B rating and a renter-occupied housing concentration that signals depth in the tenant base for multifamily. Neighborhood occupancy has softened in recent years, which may require active leasing strategies but can also create room to capture demand with the right finishes and management.
Local livability is mixed: restaurants are comparatively accessible (competitive among Tallahassee neighborhoods, rank 26 of 143), while everyday services like grocery, parks, and pharmacies are thinner in the immediate area. For investors, this means residents may rely on short drives for errands, making on-site conveniences and parking more relevant to retention.
Relative to the metro, the amenity profile is competitive (rank 40 of 143), and the building’s 2001 construction is newer than the neighborhood’s average 1983 stock—supporting leasing against older comparables while still warranting routine system updates as the asset ages. Median asking rents in the neighborhood track near the national mid-range, while national percentiles on home values indicate a high-cost ownership market relative to local incomes; together these dynamics tend to sustain rental household reliance and can support pricing power with careful lease management.
Demographic statistics are aggregated within a 3-mile radius and indicate population growth over the last five years with a notable increase in households, pointing to a larger tenant base and potential renter pool expansion. Forward-looking projections show additional household growth, which, when paired with a renter share above 70% in the radius, supports occupancy stability for well-positioned units, based on commercial real estate analysis and WDSuite’s market data.
Safety signals are mixed compared with national benchmarks. The neighborhood’s crime profile sits below the national median (national percentiles in the low 30s), indicating conditions that warrant vigilant property management and lighting/security planning. Within the metro, the area is mid-pack (crime rank 66 of 143 neighborhoods in Tallahassee), so expectations should be calibrated to a typical inner-suburban context rather than a top-quartile safety profile.
Trend-wise, violent incidents are trending down year over year (improvement signaled by stronger national change percentiles), while property offenses remain elevated versus national norms and have seen a recent uptick. For investors, this argues for proactive loss-prevention measures—access control, camera coverage, and resident engagement—to protect NOI and retention.
This 21-unit asset built in 2001 competes well against older neighborhood stock and sits in a renter-oriented area, supporting depth of tenant demand. According to CRE market data from WDSuite, neighborhood occupancy has eased, but the surrounding 3-mile area shows population growth and a rising household count, which can translate to stronger leasing pipelines for well-managed units. Elevated ownership costs relative to local incomes reinforce reliance on rental housing, while the property’s larger average unit sizes create potential differentiation versus typical student and workforce offerings.
Execution will matter: the neighborhood’s amenity mix favors dining over daily services, and safety indicators suggest continued focus on access control and on-site management. With thoughtful capital planning to refresh finishes and maintain systems typical for early-2000s construction, the asset can target steady absorption and retention as the nearby renter pool expands.
- Newer-than-neighborhood vintage (2001) provides competitive positioning versus 1980s-era stock
- Renter-occupied concentration locally and within 3 miles supports a deep tenant base
- 3-mile population and household growth point to leasing pipeline and occupancy stability
- Ownership costs relative to incomes bolster sustained demand for multifamily rentals
- Risks: below-average neighborhood occupancy, thinner daily amenities, and property-crime exposure require active management