| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 45th | Poor |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2309 Manatee Ave W, Bradenton, FL, 34205, US |
| Region / Metro | Bradenton |
| Year of Construction | 1980 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2309 Manatee Ave W Bradenton Multifamily Investment
Stabilized renter demand within a growing 3-mile radius and a 1980 vintage create a pragmatic value-add path, according to WDSuite’s CRE market data. The submarket’s ownership costs support sustained reliance on rentals, favoring steady leasing over cycle swings.
Located in Bradenton’s inner-suburb fabric of the North Port–Sarasota–Bradenton metro, the neighborhood scores competitive for amenities within the region (ranked 75 out of 218 metro neighborhoods), with everyday convenience reinforced by strong grocery access that tests in the upper tier nationally. Restaurants are relatively dense versus national norms, while cafes are limited, suggesting demand is more utility-driven than lifestyle-driven.
The local housing stock skews older (average construction year 1948), positioning this 1980 asset as newer than much of the competitive set. For investors, that typically means lower near-term structural CapEx relative to prewar inventory but continued opportunity to modernize interiors and building systems to meet current renter expectations.
Tenure dynamics point to durable multifamily demand: at the neighborhood scale, renter-occupied units represent roughly one-third of housing, and within a 3-mile radius the renter concentration is closer to two in five. Coupled with a rent-to-income profile that reads as comparatively manageable for the area, this supports retention and reduces turnover risk even if pricing power is moderate.
Livability signals are mixed and should be underwritten accordingly. Neighborhood occupancy trends have lagged the metro median in recent years, calling for hands-on leasing and renewal management. However, 3-mile demographics show a larger tenant base with household counts up in recent years and further growth projected by 2028, implying a wider funnel for prospective renters and supporting occupancy stability. Elevated home values locally—relative to incomes—reinforce reliance on rental options, which can aid lease-up and renewals.
Safety indicators are nuanced. Within the North Port–Sarasota–Bradenton metro, this neighborhood sits in a higher-crime tier relative to many local peers (based on a lower crime rank among 218 neighborhoods). In national context, though, WDSuite data places the area in a comparatively safer band, with recent year-over-year declines in violent incidents. Investors should weigh these metro-relative dynamics against the improving national-positioning trend and monitor on-the-ground operations, lighting, and access control as part of standard risk management.
Proximity to established employers supports workforce housing demand and commute convenience, including Airgas, Jabil Circuit, Raymond James Financial, and Tech Data. These hubs help deepen the regional renter pool and can aid renewal stability.
- Airgas Store — industrial gases & supplies (6.4 miles)
- Jabil Circuit — electronics manufacturing (25.5 miles)
- Jabil Circuit — electronics manufacturing (25.9 miles) — HQ
- Raymond James Financial — financial services (27.4 miles) — HQ
- Tech Data — IT distribution (30.0 miles) — HQ
This 32-unit, 1980 multifamily property offers a practical value-add story relative to an older neighborhood baseline, with everyday retail access and a tenant base supported by both neighborhood and 3-mile renter concentrations. According to CRE market data from WDSuite, local rents sit at levels that tend to support retention, while elevated ownership costs in the area sustain reliance on rental housing. Neighborhood occupancy has been softer than the metro median, but the broader 3-mile area shows expanding household counts and rising incomes, which can broaden the leasing funnel.
Vintage and location suggest a focus on targeted modernization—interiors, common areas, and building systems—to enhance competitiveness against older stock while maintaining affordability positioning. Execution should emphasize leasing discipline and resident experience to offset metro-relative occupancy softness and to capitalize on steady demand from the regional employment base.
- Newer-than-neighborhood vintage (1980) with clear modernization and value-add potential
- Renter depth from neighborhood and 3-mile demand supports occupancy stability
- Everyday convenience and strong grocery access underpin day-to-day livability
- Elevated ownership costs locally reinforce reliance on rentals and renewal capture
- Risks: below-metro occupancy trends and metro-relative safety require hands-on leasing and property operations