| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1302 3rd St W, Bradenton, FL, 34205, US |
| Region / Metro | Bradenton |
| Year of Construction | 2005 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1302 3rd St W Bradenton 30-Unit Multifamily Investment
2005-vintage asset in an inner-suburban pocket with a high share of renter-occupied housing, supporting a deeper tenant base and steady leasing, according to CRE market data from WDSuite.
Located in Bradenton’s inner suburb, the neighborhood carries a B- rating and ranks 125 out of 218 metro neighborhoods — roughly around the metro median. Amenity access is a relative strength: cafe and grocery density sit in the top quartile nationally and are competitive within the North Port–Sarasota–Bradenton metro (e.g., cafes rank 17 of 218; groceries rank 18 of 218). Restaurants are also plentiful by national comparison, while parks and pharmacies are limited in the immediate area, suggesting residents rely on nearby commercial corridors for daily needs.
For multifamily demand, renter-occupied units account for a high share of neighborhood housing (ranked 5 out of 218; top decile nationally), indicating a broad renter pool and potential depth for leasing. By contrast, the neighborhood’s overall housing occupancy is below national norms, signaling some vacancy risk that calls for disciplined leasing and asset management.
The local housing stock skews older (average vintage 1954), making a 2005-built property relatively modern versus nearby comparables — a potential competitive edge on finishes and systems. That said, mid-2000s buildings may still need targeted capital planning for aging mechanicals or common-area updates to maintain positioning against newer supply.
Within a 3-mile radius, population has expanded in recent years and households are projected to continue rising through 2028, with average household size trending smaller. Rising incomes and contract rents in this radius point to ongoing renter pool expansion; at the same time, elevated ownership costs in the neighborhood context (high value-to-income ratios) tend to reinforce reliance on rental options, supporting occupancy and lease retention for well-managed assets.
Neighborhood safety indicators compare favorably at the national level, with overall crime in roughly the upper third nationwide. Within the North Port–Sarasota–Bradenton metro, the area ranks 75 out of 218 neighborhoods, which is competitive among metro peers.
Recent trends are mixed: violent-offense metrics show notable improvement year over year and sit in a stronger national percentile, while property-offense measures are closer to the national middle and have seen some recent uptick. For investors, this argues for standard security best practices and proactive site management rather than a structural safety concern.
The area is supported by a diversified set of corporate offices within commuting range, which can underpin renter demand and lease retention. Key nearby employers include Airgas Store, Jabil Circuit, Raymond James Financial, Cardinal Health, and Tech Data.
- Airgas Store — corporate offices (5.4 miles)
- Jabil Circuit — corporate offices (26.6 miles) — HQ
- Raymond James Financial — corporate offices (28.1 miles) — HQ
- Cardinal Health — corporate offices (30.0 miles)
- Tech Data — corporate offices (30.8 miles) — HQ
This 30-unit property, built in 2005, is newer than much of the surrounding housing stock and can compete on finishes and systems versus older comparables. The neighborhood’s high renter concentration supports a deeper tenant base, while strong amenity access (cafes, groceries, restaurants) enhances livability. According to CRE market data from WDSuite, ownership remains relatively high-cost in the local context, which can sustain rental demand and support lease retention for well-managed assets.
Key considerations include below-average neighborhood housing occupancy that warrants focused leasing execution, as well as prudent attention to affordability pressure in the immediate neighborhood. Select capital upgrades typical for mid-2000s construction may help drive positioning and mitigate turnover risk against newer deliveries.
- 2005 construction offers a competitive edge versus older neighborhood stock
- High renter concentration suggests depth of demand and leasing resilience
- Amenity-rich setting supports tenant retention and day-to-day convenience
- Elevated ownership costs in the area reinforce reliance on rental housing
- Risks: softer neighborhood occupancy and affordability pressure require active management