| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 39th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1698 Stuckey Ave, Tallahassee, FL, 32310, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | 2013-10-02 |
| Transaction Price | $370,000 |
| Buyer | AOTD HOLDINGS LLC |
| Seller | FEDERAL DEPOSIT INSURANCE CORPORATION |
1698 Stuckey Ave Tallahassee Multifamily Opportunity
Neighborhood data points to a deep renter base and improving crime trends, according to WDSuite’s CRE market data, supporting stable leasing potential for smaller units in this Inner Suburb location.
The property sits in an Inner Suburb pocket of Tallahassee where renter concentration is a defining feature. The neighborhood’s renter-occupied share ranks competitive among Tallahassee neighborhoods and is high versus the nation, indicating a deeper tenant pool for multifamily owners and consistent demand for smaller-format units.
Within a 3-mile radius, demographics show population growth over the last five years and a notable increase in households, with forecasts indicating further household expansion through the next cycle. For investors, that points to a larger tenant base and support for occupancy stability, particularly for value-oriented studios and one-bedrooms.
Local amenity density is limited (few cafes, groceries, parks, or pharmacies nearby), which places more weight on onsite features and property management to drive retention. Average school ratings in the neighborhood are below national norms, which may matter less for adult-heavy renter profiles but can influence leasing mix.
Housing context supports rental demand. Neighborhood contract rents are on the lower side for the metro, while ownership costs are relatively elevated versus local incomes (high value-to-income positioning nationally). That dynamic typically sustains renter reliance on multifamily housing and can aid lease-up velocity when units are positioned as accessible alternatives.
Safety trends are mixed but improving. The neighborhood’s crime standing is below the metro median among 143 Tallahassee neighborhoods and sits below the national average for safety; however, recent data shows year-over-year declines in both violent and property offenses, which is a constructive directional signal for operators.
For context, the area does not rank among the safer cohorts in the metro of 143 neighborhoods, yet the downward trajectory in estimated violent incidents and modest reduction in property offenses suggest stabilization potential that can support resident retention when paired with standard security and lighting measures.
Employer proximity details with verified distances are not available in the current WDSuite dataset for this address. Investors may consider broader Tallahassee employment centers for workforce housing demand, subject to independent verification.
This 30-unit asset benefits from a high renter concentration in the immediate neighborhood and a 3-mile radius showing recent population gains and a larger household base. That combination supports depth of demand for smaller units and can help maintain occupancy, even as amenity density nearby is limited. Based on commercial real estate analysis from WDSuite, ownership remains relatively expensive versus incomes locally, which typically reinforces reliance on rental housing and helps pricing power for value-oriented product.
Operating upside centers on positioning and management: lean, functional finishes, reliable maintenance, and modest in-unit updates can resonate with cost-conscious renters. Risks include below-metro safety standing and fewer nearby daily amenities, which place a premium on onsite experience and thoughtful lease management to support retention.
- High renter concentration supports a deeper tenant base and steadier leasing
- 3-mile demographics indicate population and household growth, aiding occupancy stability
- Elevated ownership costs versus incomes sustain demand for value-focused rentals
- Management-led upside via pragmatic unit refreshes and maintenance reliability
- Risks: below-metro safety standing and low amenity density require stronger onsite operations