| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 62nd | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 210 Dixie Dr, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1990 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
210 Dixie Dr Tallahassee Multifamily Investment Opportunity
With a high share of renter-occupied housing in the surrounding neighborhood and generally stable neighborhood occupancy, according to WDSuite’s CRE market data, this location targets steady demand supported by nearby daily amenities.
The property sits in an Inner Suburb setting with strong day-to-day convenience. Restaurants, groceries, and cafes are dense for the metro — grocery and cafe availability ranks among the most competitive of 143 Tallahassee neighborhoods and tests in the top national percentiles, supporting leasing appeal for residents prioritizing walkable essentials.
Neighborhood rents track in a middle band for the metro, and renter-occupied housing is prevalent. A high renter concentration signals a deep tenant base, while the neighborhood s occupancy has held roughly steady over the past few years, aiding income durability through cycles.
Demographic data aggregated within a 3-mile radius shows a large 18 34 renter pool and modest recent population growth, with households expanding and average household size edging down. Forward-looking projections indicate further population and household increases, which typically broaden the tenant base and support occupancy stability and lease-up velocity.
The asset s 1990 vintage is slightly newer than the area s average construction year (1985 across the neighborhood), giving it a relative edge versus older stock; selective modernization of interiors and systems can enhance competitiveness against both newer deliveries and legacy properties.
Safety indicators for the neighborhood trend below national averages and sit around the lower half of Tallahassee s 143 neighborhoods. Overall crime ranks 82 out of 143 locally, and the neighborhood sits in lower national safety percentiles, so underwriting should account for security measures and tenant screening standards typical for comparable urban-adjacent locations.
Recent data also shows year-over-year increases in both property and violent offense rates. While conditions can vary by block and property operations, investors may consider lighting, access control, and community management to support retention and mitigate risk.
This 46-unit asset offers exposure to a renter-heavy neighborhood with durable daily-needs convenience and a sizable 18 34 cohort within a 3-mile radius. Based on CRE market data from WDSuite, neighborhood occupancy has been relatively steady and rents track mid-market for the metro, suggesting dependable demand drivers rather than reliance on premium pricing.
Built in 1990, the property is slightly newer than the neighborhood average, creating a practical platform for targeted renovations to improve unit efficiency and finishes while managing capex. Household and population growth projections within 3 miles point to a larger tenant base over the next few years, which can support occupancy stability, though affordability pressure and below-average safety metrics warrant conservative leasing and expense assumptions.
- Renter-heavy neighborhood with dense daily amenities supports consistent leasing
- 1990 vintage offers value-add potential versus older local stock
- 3-mile population and household growth expand the tenant base, aiding occupancy stability
- Mid-market rent positioning favors demand without overreliance on top-tier pricing
- Risks: affordability pressure and below-average safety metrics require prudent operations