| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 62nd | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1704 W Call St, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1992 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1704 W Call St Tallahassee Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and steady occupancy, according to WDSuite s CRE market data, suggesting durable leasing with prudent attention to pricing and retention. Positioning focuses on workforce-oriented tenancy and convenience-led amenities rather than luxury.
The property sits in an Inner Suburb pocket of Tallahassee that ranks 14 out of 143 metro neighborhoods (Neighborhood Rating: A), making it competitive among Tallahassee neighborhoods. Amenity access is a clear strength: restaurants and cafes score in the mid-90s nationally, and grocery availability is also high, supporting day-to-day convenience for renters and aiding lease retention based on CRE market data from WDSuite.
Occupancy in the neighborhood has been relatively stable over the past five years and sits below national medians, which places a premium on asset-level operations and resident experience. Notably, the share of housing units that are renter-occupied is very high and among the top percentiles nationally, indicating a deep tenant base for multifamily assets and consistent leasing velocity when managed effectively.
Within a 3-mile radius, demographics skew younger, with a sizable 18 34 renter pool and modest population growth alongside a larger increase in households. This combination typically supports demand for smaller formats and roommate-friendly layouts, aligning with the property s average unit size. Forward-looking projections point to continued household growth by 2028, reinforcing the near-term and medium-term leasing outlook.
On balance, everyday amenities are strong while green space and childcare options are limited nearby, shaping a profile that caters more to students and early-career households than to families seeking parks and childcare. The property s 1992 vintage is newer than the neighborhood s average construction year, offering relative competitiveness versus older stock while leaving room for targeted upgrades to systems and finishes as part of a value-focused plan.
Neighborhood safety indicators track below national averages, with both violent and property offense measures landing in lower national percentiles. In the metro context (143 neighborhoods), the area trends below the median for safety, so underwriting should account for stronger site-level lighting, controlled access, and community standards to support resident confidence and retention.
Recent year-over-year changes show increases in both violent and property offenses locally. While these are neighborhood-level signals rather than property-specific, investors often address them with operational measures and partnerships that can stabilize on-site conditions relative to the broader trend.
This 45-unit asset, built in 1992, is slightly newer than the neighborhood s average vintage, which can help competitive positioning against older inventory while still leaving scope for selective modernization. The submarket shows a very high share of renter-occupied housing, strong amenity access (food, cafes, grocery), and a 3-mile radius renter pool that is young and expanding via household growth factors that support tenant depth and occupancy stability when paired with disciplined operations.
Neighborhood occupancy trends have been steady but remain below national medians, placing emphasis on active leasing, renewals, and resident experience. According to commercial real estate analysis from WDSuite, rent levels are moderate for the area, yet rent-to-income signals point to affordability pressure for some cohorts suggesting careful pricing, value-driven upgrades, and cost control to sustain retention. Safety metrics are weaker than national norms and should be addressed through property-level measures in underwriting.
- 1992 vintage offers relative competitiveness vs. older local stock with targeted value-add upside
- Very high neighborhood renter-occupied share supports a deep tenant base and leasing velocity
- Strong daily-needs amenities (restaurants, cafes, grocery) aid convenience and renewals
- 3-mile demographics show a large 18 34 cohort and growing households, supporting demand for smaller units
- Risks: below-national safety metrics and affordability pressure require active management and prudent pricing