| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 62nd | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 316 Stadium Dr, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1983 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
316 Stadium Dr, Tallahassee FL Multifamily Investment
Renter demand is supported by a student-weighted population and dense amenities, while neighborhood occupancy levels and safety trends warrant close monitoring, according to WDSuite’s CRE market data.
Located along Stadium Dr near Florida State University, this 81-unit property sits in a neighborhood rated A and ranked 14 out of 143 in the Tallahassee metro — a top quartile position that signals competitive fundamentals for investors. Amenity access is a clear strength: cafes, groceries, and restaurants are abundant, placing the area among the top quartile of Tallahassee neighborhoods and high percentiles nationally for eatery and daily-needs density. These dynamics support leasing velocity and convenience-driven retention.
The renter-occupied share of housing units in the neighborhood is very high, indicating a deep tenant base for multifamily. Within a 3-mile radius, demographics skew heavily toward ages 18–34 with recent growth in households and projections for further expansion, pointing to a larger tenant pool and sustained demand for rental units over the next cycle. For investors, this combination of youthful population, household growth, and proximity to campus tends to reinforce occupancy stability for well-positioned assets.
Neighborhood rents are moderate relative to income, but a rent-to-income ratio around 0.35 signals affordability pressure for some tenants. This calls for disciplined lease management and renewal strategies to balance pricing power with retention. At the same time, the area’s high amenity access and renter concentration can help underpin steady absorption for appropriately priced units.
The property’s 1983 vintage is slightly older than the neighborhood average (mid-1980s), which suggests investors should plan for targeted capital expenditures and potential value-add upgrades. Modernizing interiors and refreshing common areas can improve competitive positioning against newer or recently renovated stock, particularly given the steady renter pipeline nearby.
Safety metrics are mixed and should be underwritten conservatively. The neighborhood sits below the metro median on safety, and its national standing is also below average, indicating comparatively higher reported incidents than many U.S. neighborhoods. Recent year-over-year estimates point to increases in both property and violent offenses, so investors should incorporate enhanced security measures, lighting, and resident engagement into operating plans where feasible.
In practical terms, investors may want to evaluate block-level conditions during site visits, review recent incident trends, and benchmark insurance and security costs against peer assets in Tallahassee. While many student-oriented subareas maintain strong leasing despite safety headwinds, underwriting should reflect the local trend profile rather than relying on metro-wide assumptions.
This 81-unit, 1983-vintage community benefits from a deep renter pool driven by proximity to Florida State University and dense daily-needs/food-and-beverage amenities. Household growth within a 3-mile radius and a high neighborhood renter concentration support ongoing demand, while moderate rents provide room for disciplined revenue management. Based on CRE market data from WDSuite, the neighborhood ranks in the top quartile among 143 Tallahassee neighborhoods overall, though occupancy levels and safety indicators call for thoughtful underwriting and operational focus.
The asset’s slightly older vintage points to value-add potential through selective renovations and systems upgrades to enhance competitiveness versus newer product. Affordability pressure (rent-to-income near 0.35 at the neighborhood level) suggests careful rent setting and renewal strategies, but the area’s amenity strength and student-weighted demographics can help sustain leasing fundamentals for well-managed properties.
- Top-quartile neighborhood standing in Tallahassee supports competitive fundamentals
- Dense amenities and campus-proximate location underpin steady renter demand
- 1983 vintage offers value-add potential via targeted interior and common-area upgrades
- Student-weighted demographics and projected household growth expand the tenant pool
- Risk: below-median safety and affordability pressure require disciplined operations and underwriting