| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 55th | Good |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1447 Stone Rd, Tallahassee, FL, 32303, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1990 |
| Units | 105 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1447 Stone Rd Tallahassee Multifamily Investment
Renter demand is supported by a high renter-occupied housing share in the surrounding neighborhood, with occupancy trending modestly higher over five years, according to WDSuite’s CRE market data. This inner-suburb location offers steady leasing potential aided by nearby daily needs and mid-market rent positioning.
The property sits in an Inner Suburb of Tallahassee with an A- neighborhood rating and a competitive standing among metro areas (ranked 29 out of 143 neighborhoods). Daily-needs access is anchored by grocery options (rank 20 of 143), while restaurant density is a relative strength (rank 10 of 143; top quartile nationally). Limited park and pharmacy presence and sparse café density signal fewer lifestyle amenities immediately nearby, which may modestly temper premium positioning.
Renter-occupied housing comprises a majority of units in the neighborhood (51.5% share), placing it in the top quartile among 143 Tallahassee neighborhoods and the upper ranks nationally. For investors, this elevated renter concentration indicates a deeper tenant base and supports stable multifamily demand, even as neighborhood occupancy sits below the metro median but has edged higher over the past five years.
Within a 3-mile radius, demographics skew younger, with a sizable 18–34 population share and recent growth in both population and households; forward-looking estimates point to continued population gains and a larger household count through 2028. This trajectory suggests a growing renter pool and supports lease-up and retention strategies. Median rents in the neighborhood align with mid-market positioning, and a rent-to-income ratio near 0.21 points to manageable affordability pressure for many households, which can aid renewal rates and reduce turnover risk.
Home values in the area reflect a high-cost ownership market relative to local incomes (national percentile 64 for value-to-income), which can reinforce reliance on multifamily rentals and sustain pricing power. Taken together—and supported by WDSuite’s multifamily property research—the location’s renter depth, young demographics, and everyday amenities provide a solid foundation for durable demand, with upside tied to interior finishes, amenity programming, and operational execution.
Neighborhood safety metrics are mixed when benchmarked more broadly. Compared with neighborhoods nationwide, overall safety sits below national averages (crime in the lower national percentiles), while within the Tallahassee metro the area is mid-pack (ranked 77 out of 143 neighborhoods). For underwriting, this suggests standard risk controls rather than outlier exposure.
Recent trend data shows violent offense rates improving year over year, which is a constructive signal for long-term livability and leasing stability. Property-related offenses remain elevated versus national comparisons, so active on-site management, lighting, and security practices may be warranted. These observations reflect neighborhood-level patterns and not conditions at any single property.
This 105-unit asset benefits from a neighborhood with elevated renter concentration and a growing 3-mile household base, pointing to a deeper tenant pool and resilient demand. Neighborhood occupancy has trended up over five years, and mid-market rents alongside a rent-to-income profile near 0.21 support renewal prospects. Restaurant and grocery access is a local strength, though limited parks and pharmacies suggest focusing value-add on property-level amenities.
Based on CRE market data from WDSuite, the submarket’s ownership cost context (higher value-to-income standing nationally) tends to sustain renter reliance, which can underpin pricing power with disciplined revenue management. Key watch items include safety metrics that trail national norms and occupancy that remains below the metro median—factors manageable through operations, resident services, and targeted capital improvements.
- Elevated renter-occupied housing share supports a deeper tenant base and leasing stability.
- Household and population growth within 3 miles indicate an expanding renter pool through 2028.
- Mid-market rents and manageable rent-to-income dynamics aid renewals and reduce turnover risk.
- Restaurant and grocery access bolster day-to-day convenience; prioritize on-site amenities to offset limited parks/pharmacies nearby.
- Risks: safety metrics below national averages and occupancy below metro median; address via proactive management and targeted capex.