| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 42nd | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1694 Baldwin Park Dr, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 2009 |
| Units | 82 |
| Transaction Date | 2018-01-17 |
| Transaction Price | $9,404,337 |
| Buyer | All Pro Capital, Inc. |
| Seller | BBX Capital Corporation |
1694 Baldwin Park Dr Tallahassee Multifamily Investment
Renter demand is supported by a high share of renter-occupied housing in the surrounding area and household growth within a 3-mile radius, according to WDSuite’s CRE market data. The property’s 2009 vintage positions it competitively versus older neighborhood stock while offering room for targeted upgrades.
This Inner Suburb location in Tallahassee offers daily conveniences with a mix of restaurants and groceries nearby. Restaurant density ranks competitively among 143 Tallahassee neighborhoods, and grocery access sits around the metro middle, while park access is stronger than many local peers — a useful quality-of-life lever for leasing and retention (based on WDSuite’s commercial real estate analysis).
Neighborhood occupancy trends are below the metro median among 143 neighborhoods, but the renter-occupied share of units is high and competitive in the metro, indicating a deep tenant base for multifamily operators. For investors, that combination points to steady leasing potential with active management around marketing and renewals.
Within a 3-mile radius, demographics skew younger with a large 18–34 cohort and smaller average household sizes versus prior years. Households increased over the last five years and are projected to expand further, supporting renter pool expansion and occupancy stability. Median contract rents in the neighborhood sit below national medians, which can aid lease-up velocity, and rent-to-income metrics suggest manageable affordability pressure that supports retention strategies.
Ownership costs in the immediate area are relatively accessible compared with many U.S. neighborhoods, which can introduce some competition from entry-level ownership options. Even so, the area’s strong renter concentration and proximity-driven convenience continue to underpin multifamily demand and day-to-day leasing fundamentals.
Safety indicators are mixed in this part of Tallahassee. Relative to the 143 neighborhoods in the metro, overall crime sits on the less favorable side of the spectrum, and national comparisons place the neighborhood below the national median for safety. That said, WDSuite data shows a notable year-over-year decline in violent incidents, signaling an improving trend even as property offenses have been more stable.
For investors, the takeaway is to underwrite with prudent security planning and resident experience measures while recognizing the recent improvement in violent offense trends. Comparative positioning versus the metro remains a consideration, but ongoing monitoring of trendlines can help align operating practices with resident expectations.
Built in 2009, this 82-unit asset offers newer construction relative to the neighborhood’s typical vintage, which can enhance competitive positioning versus older stock while still allowing for targeted modernization to capture rent premiums. The surrounding area shows a high concentration of renter-occupied housing and a young demographic profile within 3 miles; combined with household growth now and in the forecast period, that supports a larger tenant base and leasing durability. According to CRE market data from WDSuite, neighborhood rents trend below national medians, creating room to balance occupancy and pricing with disciplined revenue management.
Key considerations include neighborhood occupancy levels that trail the metro median and safety metrics that are weaker than national medians. However, strong renter concentration, improving violent-offense trendlines, and a convenience-oriented amenity mix provide practical levers to drive retention and stabilize cash flow with active management.
- 2009 construction offers competitive positioning versus older local stock with selective value-add upside
- High renter-occupied share and young 3-mile demographic support a deep tenant base
- Below-national rent levels enable occupancy-focused pricing and revenue management
- Park access and everyday amenities aid leasing and retention
- Risk: neighborhood occupancy and safety sit below medians; plan for security and active leasing oversight