| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 104 17th Ave W, Bradenton, FL, 34205, US |
| Region / Metro | Bradenton |
| Year of Construction | 2010 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
104 17th Ave W, Bradenton Multifamily Investment
Stabilized renter demand in an inner-suburb location, with neighborhood occupancy measured at roughly the mid-70% range according to WDSuite’s CRE market data, positions this 36-unit asset for operational focus on leasing efficiency and retention.
Located in Bradenton’s inner-suburb fabric, the property sits in a neighborhood that is competitive among North Port–Sarasota–Bradenton neighborhoods (218 total). Amenity access trends above national medians, with strong nearby density in everyday services like grocery and childcare, supporting daily convenience for renters and reducing friction on renewals.
The asset’s 2010 construction is notably newer than the area’s older housing stock (average year built skews mid-20th century). For investors, that typically means relatively stronger competitive positioning versus vintage properties, while still planning for mid-life system refreshes and potential common-area updates to support rent targets.
Renter concentration in the neighborhood is high, with a majority of housing units renter-occupied. That depth of renter households supports a consistent tenant pipeline for multifamily operators, even as neighborhood occupancy trends run below national norms. Rents in the area have advanced over the past five years, suggesting steady price discovery, though operators should calibrate lease management to local income levels.
Within a 3-mile radius, population has expanded and household counts have grown, with forecasts indicating further increases in households over the next five years. This points to a larger tenant base and supports occupancy stability for workforce-oriented product. Elevated home values relative to incomes in the neighborhood reinforce reliance on rental housing, bolstering multifamily demand while warranting attention to rent-to-income ratios when setting renewal strategies.
Neighborhood safety indicators compare favorably at the national level, with overall crime measures trending in the safer half of neighborhoods nationwide. The area is competitive among North Port–Sarasota–Bradenton neighborhoods (75th of 218), and violent offense metrics sit in the top quartile nationally with notable year-over-year improvement. Property crime reads closer to national averages and has shown a recent uptick, which operators can address through lighting, access controls, and routine security coordination.
Investors should frame these signals as neighborhood-level trends rather than property-specific conditions, monitor changes over time, and align onsite measures with resident expectations and insurer requirements.
Proximity to a diverse employer base supports renter demand and commute convenience, with nearby roles in industrial supplies, electronics manufacturing, financial services, and healthcare distribution.
- Airgas Store — industrial supplies (5.1 miles)
- Jabil Circuit — electronics manufacturing (26.8 miles) — HQ
- Raymond James Financial — financial services (28.3 miles) — HQ
- Cardinal Health — healthcare distribution (30.1 miles)
- Tech Data — technology distribution (31.1 miles) — HQ
This 36-unit, 2010-vintage property offers a newer alternative to the neighborhood’s predominantly older stock, supporting competitive positioning with pragmatic capex planning for mid-life upgrades. High renter-occupied share at the neighborhood level indicates a deep tenant base, while 3-mile household growth and ongoing rent advancement underpin demand. According to CRE market data from WDSuite, local occupancy tracks below national norms, so the thesis leans on leasing execution, renewal discipline, and product differentiation rather than outsized market lift.
Ownership costs in the area are elevated relative to incomes, which tends to sustain reliance on rental housing and can support pricing power when paired with value-forward unit finishes. Operators should balance this with measured rent-to-income targets and resident retention tactics to mitigate affordability pressure.
- 2010 construction competes well versus older neighborhood stock while allowing for targeted modernization
- Strong renter-occupied share supports tenant pipeline and leasing velocity
- 3-mile household growth and amenity access reinforce demand and renewal prospects
- Elevated ownership costs relative to incomes support renter reliance and pricing resiliency
- Risk: neighborhood occupancy trends below national norms and affordability pressure require disciplined leasing and retention