| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 67th | Best |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3201 Miccosukee Rd, Tallahassee, FL, 32308, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1980 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3201 Miccosukee Rd Tallahassee Multifamily Investment
Neighborhood multifamily occupancy trends indicate stable renter demand, according to WDSuite’s CRE market data, with performance supported by a sizable renter-occupied share at the neighborhood level. Positioning near daily amenities adds practical appeal for lease retention.
Situated in Tallahassee’s inner suburbs, the property benefits from an A-rated neighborhood that ranks 9th of 143 locally—competitive among Tallahassee neighborhoods. Multifamily occupancy for the neighborhood is strong and competitive (96.1%, 35th of 143; 78th percentile nationally), supporting income durability for stabilized assets.
Livability drivers are balanced for workforce and professional renters: grocery and pharmacy access rank 15th and 17th of 143 neighborhoods, and cafés and restaurants are similarly competitive within the metro. Average school ratings trend modest (3.0; local rank context places the area among above-median performers), which can support family-oriented tenancy seeking proximity to services without premium school pricing.
The neighborhood skews slightly toward renters, with an estimated 48.5% of housing units renter-occupied (87th percentile nationally). For investors, that renter concentration signals a deep tenant base and consistent leasing velocity, while the neighborhood’s rent-to-income profile (around 20%) suggests manageable affordability pressure that can aid retention and reduce turnover risk.
Within a 3-mile radius, demographics show population growth over the past five years and a notable increase in households, with forecasts pointing to further population and household expansion by 2028. This trajectory implies a larger tenant base and supports occupancy stability for well-positioned properties. Median home values are elevated for the region and have risen in recent years, which tends to reinforce reliance on multifamily rentals and supports pricing power for competitive assets.
Construction patterns in the surrounding area skew newer than this asset (local average vintage near 2003). Given the property’s 1980 construction year, investors should underwrite for targeted modernization and systems upgrades to maintain competitiveness versus newer stock—potentially capturing value-add upside through interiors, building systems, and amenity enhancements.
Safety indicators are mixed. The neighborhood’s crime positioning sits in the middle of the pack among 143 Tallahassee neighborhoods, and national percentiles indicate below-average safety relative to U.S. neighborhoods. Recent trends show a modest decline in property-related incidents year over year alongside an uptick in violent offenses. Investors should account for these dynamics in underwriting through security features, lighting, and tenant communication, and weigh them against the area’s strong occupancy and renter demand.
This 1980-vintage, 44-unit asset sits in an A-rated inner-suburban neighborhood where multifamily occupancy is competitive within the Tallahassee metro. Based on CRE market data from WDSuite, the surrounding neighborhood posts strong occupancy alongside a deep renter-occupied share, reinforcing demand resilience. With neighborhood home values elevated relative to incomes, well-positioned rentals can retain tenants and sustain pricing, while the property’s older vintage presents scope for targeted renovations to strengthen competitive positioning.
Demographics aggregated within a 3-mile radius point to population growth and a faster rise in households, with forecasts indicating continued renter pool expansion. For investors, that suggests durable leasing fundamentals and the potential to capture value through thoughtful CapEx—balancing modernization with prudent rent management to support retention.
- Competitive neighborhood occupancy and renter depth support income stability
- 1980 vintage offers value-add potential through interiors and systems upgrades
- 3-mile growth in population and households expands the tenant base
- Risks: safety metrics trail national norms and limited parks nearby; underwrite security and retention strategies