| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 60th | Good |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3701 Maria Cir, Tallahassee, FL, 32303, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1977 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3701 Maria Cir, Tallahassee Multifamily Opportunity
Neighborhood occupancy is competitive within the Tallahassee metro, supporting stable leasing dynamics for a 1977 garden-style asset, according to WDSuite’s CRE market data. These signals point to steady renter demand at the neighborhood level rather than at the property itself.
Located in a suburban pocket of Tallahassee, the area surrounding 3701 Maria Cir ranks competitively among 143 metro neighborhoods and trends near the national middle on most livability metrics, based on CRE market data from WDSuite. Neighborhood occupancy runs in the low-90% range, placing it competitive among Tallahassee neighborhoods, which can help underpin income stability at the submarket level.
Amenity access is serviceable with grocery and pharmacy density landing above national midpoints, while restaurants are roughly in line with national averages. Parks access tracks in the top quartile nationally for neighborhoods, which can support renter appeal. Café and childcare density are thinner, so day-to-day convenience skews toward essentials rather than boutique options.
The housing stock skews slightly newer than this asset (local average construction year early-1980s versus the property’s 1977 vintage). For investors, the older vintage suggests planning for selective capital improvements or a value-add program to stay competitive against the broader neighborhood set.
Tenure patterns signal a balanced for-rent market: roughly three in ten housing units in the immediate neighborhood are renter-occupied, indicating a meaningful, though not dominant, renter concentration. Within a 3-mile radius, demographics show a stable population with a modest increase in households and smaller average household sizes over the past five years, expanding the local renter pool and supporting occupancy stability. Looking ahead, local forecasts within 3 miles point to further household growth alongside smaller household sizes, which typically sustains demand for multifamily units even if population growth is muted.
Home values in the neighborhood sit near national midpoints, and rent-to-income ratios are around one-fifth. This combination suggests manageable rent levels relative to incomes—an input that can support lease retention and steady pricing power without pushing excessive affordability pressure.
Safety indicators for this neighborhood are mixed. Relative to other Tallahassee neighborhoods (143 total), the area sits around the middle of the pack on crime rank. Nationally, overall crime indicators trend below the national midpoint, while violent offense measures are slightly better than the national average and property offense measures track a bit worse. Recent-year fluctuations in property offenses suggest some volatility that investors may want to monitor over time rather than relying on a single period.
As with any submarket-level factor, these are neighborhood-level signals rather than block-specific guarantees. Ongoing tracking of trend direction—both metro-relative and nationally—can help inform risk management and tenant retention strategies.
This 22-unit, 1977-vintage asset aligns with a suburban Tallahassee neighborhood that shows competitive occupancy versus the metro and steady renter demand. The location offers practical amenity access (grocery, pharmacy, parks) and sits near national midpoints on pricing and incomes, with a rent-to-income profile around one-fifth that supports lease retention. Based on CRE market data from WDSuite, the neighborhood’s renter base is meaningful and demographics within 3 miles point to an expanding household count and smaller household sizes, which typically strengthens the tenant pipeline.
The 1977 vintage is slightly older than the neighborhood average, creating potential value-add and modernization angles to sharpen competitive positioning against early-1980s and newer stock. Investors should also plan for normalizing safety considerations and monitor local trend direction, while acknowledging that homeownership remains accessible enough in this submarket to present some competition to rentals—conditions that reward differentiated product and attentive leasing strategy.
- Competitive neighborhood occupancy supports income stability at the submarket level.
- 1977 vintage offers value-add potential to outperform slightly newer local stock.
- Household growth and smaller household sizes within 3 miles expand the renter pool.
- Rent-to-income near one-fifth supports tenant retention and manageable pricing power.
- Risks: mixed safety trends and potential competition from homeownership require active management.