| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 40th | Fair |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1834 Jackson Bluff Rd, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1974 |
| Units | 66 |
| Transaction Date | 2017-11-20 |
| Transaction Price | $8,100,000 |
| Buyer | JACKSON BLUFF STUDENT HOUSING LLC |
| Seller | 1834 JACKSON BLUFF ROAD LLC |
1834 Jackson Bluff Rd Tallahassee Multifamily Investment
Neighborhood renter-occupied share is elevated, reinforcing depth of the tenant base near Florida State University; according to WDSuite’s CRE market data, local median asking rents sit around the middle of national ranges, supporting pragmatic value-add pricing.
Located in an Inner Suburb of Tallahassee, the neighborhood earns a B+ rating and ranks 48 out of 143 in the metro — competitive among Tallahassee neighborhoods. Grocery access is a relative strength (ranked 5th of 143 and above many U.S. neighborhoods), while restaurants are reasonably accessible. Parks, pharmacies, and cafés are less dense locally, so on-site amenities can be an advantage for retention.
Rents in the neighborhood track near the national middle, and neighborhood occupancy has been stable but trails national averages. The renter-occupied share is high at the neighborhood level, indicating a sizable pool of multifamily demand that can support leasing velocity and backfill risk, especially for workforce-oriented product.
Construction in this area skews late-1970s on average. With a 1974 vintage, this asset sits slightly older than nearby stock — a practical setup for targeted renovations, systems upgrades, or unit modernization to sharpen competitive positioning against newer properties.
Demographics aggregated within a 3-mile radius show population and household growth over the past five years, with a large 18–34 cohort. Forecasts point to continued expansion in households through 2028, which broadens the future renter pool and supports occupancy stability for well-managed properties.
Home values in the area are lower than many U.S. neighborhoods, which can introduce some competition from ownership. Even so, rent-to-income ratios indicate affordability pressure for many households; thoughtful lease management and unit-level value propositions remain important for retention and pricing power.
Safety indicators for the neighborhood lag national percentiles, with property and violent offense measures sitting below typical U.S. comparisons. Recent readings show year-over-year declines in both categories, signaling incremental improvement. Results vary by micro-location; investors generally underwrite enhanced lighting, access control, and community standards to support tenant satisfaction and retention.
Within the Tallahassee metro (143 neighborhoods), the area’s crime ranking sits below the metro median, suggesting safety is a monitoring item rather than a core strength at present. Operators who pair physical upgrades with attentive management often see the most consistent outcomes in similar contexts.
This 66-unit, 1974-vintage asset aligns with a renter-heavy neighborhood that supports multifamily demand. Based on CRE market data from WDSuite, neighborhood rents sit near the national middle while occupancy trends have been steady but below national norms, suggesting room to improve performance through value-add execution and disciplined leasing. The property’s slightly older vintage versus nearby late-1970s stock points to practical renovation upside — from interiors to systems — to lift effective rents and competitiveness.
Within a 3-mile radius, population and households have expanded and are projected to keep growing through 2028, widening the renter pool and supporting leasing durability. Amenity access favors daily needs (notably grocery and restaurant density), while lower home values may present some ownership competition. Affordability pressure in rent-to-income ratios underscores the importance of calibrated pricing and resident retention strategies.
- High neighborhood renter concentration supports tenant base depth and leasing velocity
- 1974 vintage offers actionable value-add and systems upgrade potential versus nearby late-1970s stock
- 3-mile population and household growth expands the future renter pool and supports occupancy stability
- Daily-needs access (strong grocery/restaurant presence) aids resident convenience and retention
- Risks: below-national safety percentiles and neighborhood occupancy call for active management and calibrated pricing