| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 69th | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 308 13th St W, Bradenton, FL, 34205, US |
| Region / Metro | Bradenton |
| Year of Construction | 2009 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
308 13th St W Bradenton Multifamily Investment
Renter demand in the surrounding neighborhood is supported by a high renter-occupied share and strong amenity access, according to WDSuite s CRE market data. Investors should expect leasing interest from nearby workforce households and downtown Bradenton commuters.
This Inner Suburb location scores an A neighborhood rating and ranks 11th out of 218 North Port Sarasota Bradenton neighborhoods, signaling competitive fundamentals within the metro. Amenity access is a clear strength: cafes and parks rank near the top of the metro (both among the top 5 positions out of 218), and grocery/pharmacy density is also strong. These features typically support leasing velocity and day-to-day livability for residents.
Multifamily orientation is notable: the neighborhood s renter-occupied share is elevated (54.5%), indicating a deeper tenant base and more consistent demand for apartments versus primarily owner-oriented areas. Median contract rents trend in the upper tier nationally, while the rent-to-income profile points to manageable affordability pressure locally a constructive setup for retention with disciplined renewal management.
The neighborhood occupancy rate has risen over the last five years, but levels sit below stronger parts of the metro, suggesting investors should plan for active leasing and prudent concessions during softer periods. By contrast, the subject property s 2009 vintage is newer than the neighborhood s average construction year (1976), which can enhance competitive positioning versus older stock, while still budgeting for mid-cycle systems updates or selective value-add.
Within a 3-mile radius, demographics show recent population growth and a rising household count, with forecasts through 2028 indicating further increases and higher household incomes. This trend implies a gradually expanding renter pool and improving wage support for rents, based on CRE market data from WDSuite. Elevated home values in the neighborhood relative to incomes reinforce reliance on rental options, which can underpin occupancy stability and pricing power for well-managed assets.
Safety signals are mixed and should be underwritten with neighborhood-level context. The area s overall crime ranking is below the metro median (158th of 218 neighborhoods), indicating weaker performance relative to many North Port Sarasota Bradenton peers. Nationally, violent-offense indicators sit around the middle of the pack, while property-offense metrics compare more favorably versus many neighborhoods nationwide. Recent year-over-year changes show variability, so investors may want to weigh security features, lighting, and resident screening as part of operations.
Proximity to regional employers supports a steady renter base and commute convenience, with industrial distribution, electronics manufacturing services, finance, healthcare distribution, and IT distribution represented nearby.
- Airgas Store industrial gases distribution (6.2 miles)
- Jabil Circuit electronics manufacturing services (25.5 miles)
- Raymond James Financial financial services (27.4 miles) HQ
- Cardinal Health healthcare distribution (29.7 miles)
- Tech Data IT distribution (30.1 miles) HQ
308 13th St W offers a 25-unit 2009-vintage asset in an A-rated neighborhood that ranks competitively within the North Port Sarasota Bradenton metro. The immediate area features strong amenity density and a high renter-occupied share, supporting depth of demand. Within a 3-mile radius, recent population growth and increases in households are expected to continue through 2028, which can expand the tenant base and support occupancy. Elevated ownership costs in the neighborhood context tend to sustain rental demand, while the property s newer vintage versus local stock can help differentiate on maintenance and finishes with targeted value-add planning.
Leasing conditions have improved in recent years but remain uneven relative to stronger submarkets, making consistent marketing and renewal management important to stabilize cash flow. Still, household income trends and ongoing amenity advantages provide a favorable backdrop for steady operations, based on commercial real estate analysis from WDSuite.
- Newer 2009 construction versus older neighborhood stock, with potential for selective value-add and moderated near-term capex
- Strong amenity access (cafes, parks, groceries) that supports leasing velocity and resident retention
- High neighborhood renter-occupied share and expanding 3-mile household base underpin long-term demand
- Elevated ownership costs reinforce reliance on rentals, aiding pricing power for well-managed assets
- Risk: neighborhood occupancy sits below stronger metro areas; plan for active leasing and disciplined concessions