| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 40th | Fair |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 325 Hayden Rd, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1981 |
| Units | 24 |
| Transaction Date | 2012-05-21 |
| Transaction Price | $1,900,000 |
| Buyer | URBANA APARTMENTS LLC |
| Seller | PEAVY M D M |
325 Hayden Rd Tallahassee Multifamily Investment Opportunity
Neighborhood-level data points to a deep renter base and steady leasing conditions, according to WDSuite’s CRE market data. Investor focus centers on renter demand durability and value-add potential rather than outsized rent growth.
The property sits in an Inner Suburb of Tallahassee with a B+ neighborhood rating among 143 metro neighborhoods. Amenity access is above the metro median overall, with grocery and dining density competitive for the area, while cafes, parks, and pharmacies are thinner locally. For investors, this mix supports everyday convenience for residents but doesn’t over-index on lifestyle amenities.
Renter concentration in the neighborhood is high relative to both the metro and national benchmarks, indicating depth in the tenant base and potential demand stability for multifamily assets. Neighborhood occupancy has been broadly steady in recent years, which can aid leasing predictability, though it also suggests the submarket may be more about consistent performance than rapid absorption.
Within a 3-mile radius, population and household counts have increased over the past five years, and forecasts call for further growth by 2028. Household counts have risen faster than population, implying smaller household sizes and a larger pool of renters entering the market—favorable for sustained multifamily demand and occupancy management.
Home values in the neighborhood are lower than national norms, while rent-to-income ratios indicate some affordability pressure for renters. For investors, this means ownership alternatives may be accessible for some households, yet multifamily remains essential in the local housing stack; pricing decisions should balance retention risk with achievable rent growth. Average school ratings in the area trail metro and national averages, which may modestly limit appeal to family renters but is less likely to impede demand from students and young adults common to this part of Tallahassee.
Construction trends in the area skew late-1970s on average, and this asset’s 1981 vintage suggests typical capital planning for systems and interiors could unlock value-add potential while improving competitive positioning versus older stock.
Safety indicators for the neighborhood track below national averages, with property and violent offense measures elevated compared with many U.S. neighborhoods. Within the Tallahassee metro’s 143 neighborhoods, this area trends around the middle of the pack rather than the top tier for safety.
Recent year-over-year readings show modest improvement, with both violent and property offense rates moving down. For underwriting, investors may consider security enhancements, resident communication, and partnership with local resources to support retention and on-site experience, while recognizing that trends have been heading in a favorable direction.
This 24-unit multifamily asset built in 1981 benefits from a renter-heavy neighborhood and steady occupancy dynamics. According to commercial real estate analysis from WDSuite, local amenity access is above the metro median—particularly for groceries and restaurants—supporting day-to-day resident needs, while 3-mile demographic growth expands the prospective tenant base. The early-1980s vintage points to practical value-add levers in interiors and building systems to enhance competitiveness and returns.
Affordability signals are mixed: lower neighborhood home values can create some competition from ownership, yet rent-to-income ratios suggest lease management should prioritize retention and targeted increases over aggressive pricing. Safety metrics sit below national averages but have improved recently; underwriting should reflect prudent operational planning alongside the area’s durable renter demand.
- Renter-heavy neighborhood supports a deep tenant base and stable leasing
- Above-metro-median access to groceries and dining aids resident convenience
- 3-mile population and household growth expands demand and supports occupancy
- 1981 vintage offers value-add potential through interior and systems updates
- Risks: below-national-average safety and renter affordability pressure require cautious pricing and operations