| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 40th | Fair |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1327 Jackson Bluff Rd, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1995 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1327 Jackson Bluff Rd, Tallahassee multifamily investment
High renter concentration in the neighborhood supports a deep tenant base, while the property’s 1995 vintage offers competitive positioning versus older stock, according to WDSuite’s commercial real estate analysis.
Situated in Tallahassee’s inner-suburb fabric with a B+ neighborhood rating, the area is competitive among 143 metro neighborhoods, indicating balanced fundamentals rather than an outlier profile. Grocery access is a relative strength (top-quartile presence in the metro), while parks, pharmacies, and cafes are limited nearby—an operational consideration for resident convenience and leasing appeal.
The property’s 1995 construction is newer than the neighborhood’s average 1979 vintage. For investors, this suggests fewer near-term capital items than older comparables and better positioning against legacy assets, while still leaving room for targeted modernization to enhance rents and retention.
Neighborhood occupancy is in the mid‑80% range, which points to manageable lease-up risk and elevated attention to marketing and renewals versus tighter submarkets. At the same time, renter-occupied housing is high (about three-quarters of units are renter-occupied), indicating depth in the multifamily demand pool and a steady pipeline of prospective tenants.
Within a 3‑mile radius, population and households have expanded over the past five years, with additional gains projected by 2028. A large 18–34 cohort and continued household growth imply a larger renter pool and support for occupancy stability. Median home values in the neighborhood are comparatively lower within the metro context; that can introduce some competition from entry-level ownership, but it also helps sustain pricing discipline on rentals. Rent-to-income levels suggest some affordability pressure, so proactive lease management and amenity-value alignment are prudent.
School performance in the neighborhood trends below metro norms, which may matter for family-oriented renters. Restaurants are reasonably accessible in the area by metro standards, adding day-to-day convenience, though limited parks and pharmacy options remain considerations for resident experience.
Relative to Tallahassee’s 143 neighborhoods, the area trends below the metro median for safety and sits below national averages. Recent data shows modest improvement, with violent incidents easing year over year and property offenses edging down, according to CRE market data from WDSuite. Investors should underwrite with a focus on lighting, access control, and resident engagement, while noting that trends are moving incrementally in the right direction.
This 24‑unit asset built in 1995 is positioned newer than the surrounding neighborhood stock, supporting competitive appeal against older properties while preserving value‑add potential through selective upgrades. High renter concentration in the neighborhood underpins tenant demand, and 3‑mile radius demographics indicate population and household growth that can support occupancy stability. Based on CRE market data from WDSuite, neighborhood occupancy sits in the mid‑80% range, suggesting disciplined leasing and renewal strategies will be important to drive performance.
Local home values are comparatively more accessible within the metro, which can create some competition from ownership, but the sizable renter base and continued renter pool expansion should sustain demand for well‑managed units. Affordability pressure, reflected in rent-to-income dynamics, warrants careful rent setting and amenity positioning to balance pricing power with retention.
- 1995 vintage offers competitive positioning versus older neighborhood stock with targeted upgrade upside
- High renter-occupied share signals deep tenant base and steady leasing funnel
- 3‑mile radius population and household growth support demand and occupancy stability
- Disciplined operations needed given mid‑80% neighborhood occupancy and affordability pressure
- Potential competition from entry‑level ownership mitigated by scale of renter pool and convenience amenities