| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 42nd | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2441 Roberts Ave, Tallahassee, FL, 32310, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1994 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2441 Roberts Ave Tallahassee Multifamily Investment
Neighborhood occupancy runs softer than national norms but shows steady renter demand supported by a high share of renter-occupied units, according to WDSuite s CRE market data. This positioning supports income resilience for well-managed assets in Tallahassee s inner-suburb corridor.
Located in an Inner Suburb of Tallahassee, the asset sits in a submarket with meaningful renter concentration (measured as the share of housing units that are renter-occupied), indicating a broad tenant base for multifamily. Neighborhood occupancy is below national averages, so execution will hinge on property-level leasing and operations to capture demand already present in the area.
Everyday needs are reasonably served by local restaurants and grocery options, while parks access is a relative strength. Caf e9s, pharmacies, and childcare are less dense nearby, skewing the amenity mix toward essentials over lifestyle. Average school ratings in the area are on the lower side, which typically aligns demand more with students, young professionals, and workforce renters rather than school-driven households.
Within a 3-mile radius, demographics skew young with a large 18 34 cohort and a growing household base. Population and households are projected to expand over the next five years, pointing to renter pool expansion that can support occupancy stability and leasing velocity. Household incomes are rising from a low base, and median rents remain manageable relative to incomes, which can aid retention and reduce turnover risk.
For investors, a low value-to-income landscape nearby suggests that ownership is comparatively accessible in parts of the metro, introducing some competition with rentals. That said, the area s renter-occupied share supports depth of demand, and steady amenities combined with park access create a practical living profile. These neighborhood dynamics are based on commercial real estate analysis from WDSuite and reflect comparative performance against both Tallahassee and national benchmarks.
Safety indicators are mixed. Neighborhood violent and property offense rates benchmark below national averages for safety (i.e., lower national percentiles), yet recent data show a notable year-over-year decline in violent incidents, indicating an improving trend. These are neighborhood-level metrics rather than property-specific, and conditions can vary block to block.
Investors should underwrite with standard precautions review lighting, access controls, and local incident trends while recognizing the recent improvement trajectory noted in WDSuite s CRE market data.
Built in 1994, the property is slightly older than the neighborhood average, suggesting potential value-add through targeted exterior and system updates to sharpen competitiveness against newer stock. The immediate area shows high renter concentration and a young 3-mile demographic profile with projected population and household growth, which supports a stable tenant base and sustained leasing demand. According to CRE market data from WDSuite, neighborhood occupancy trends trail national norms, so performance should emphasize execution unit turns, pricing, and renewals to capture existing demand.
Home values in the vicinity are comparatively low for the metro, which can create some competition with ownership options; however, rent levels relative to income are manageable, supporting retention and limiting downgrade risk during renewals. Amenity coverage leans toward essentials (restaurants and groceries) with strong park access, aligning with workforce-oriented demand drivers. Safety metrics show improvement in violent incidents year over year, which, if sustained, can reinforce resident retention and leasing stability.
- 1994 vintage offers value-add and systems modernization potential to enhance competitiveness
- High renter-occupied share supports depth of tenant demand and occupancy stability
- 3-mile population and household growth indicate a larger renter pool over the next cycle
- Essential amenities and park access align with workforce and student-driven demand
- Risks: neighborhood occupancy below national averages and mixed safety benchmarks; active leasing and security measures are key