| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Poor |
| Demographics | 28th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3810 5th St E, Bradenton, FL, 34208, US |
| Region / Metro | Bradenton |
| Year of Construction | 1975 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3810 5th St E Bradenton Multifamily Value-Add
Neighborhood occupancy trends are below the metro median, but a meaningful renter base and steady household growth in the 3-mile area suggest durable demand, according to WDSuite’s CRE market data.
Located in Bradenton’s inner-suburb fabric of the North Port–Sarasota–Bradenton metro, the immediate neighborhood shows mixed fundamentals. Grocery and daily-needs access is a relative strength, ranking 12 out of 218 metro neighborhoods for grocery density and 18 out of 218 for restaurants — competitive locally and in the top quartile nationally for both. By contrast, parks, cafes, and childcare are limited within the neighborhood footprint.
For investors, tenure and occupancy patterns point to a stable renter pool with room for disciplined leasing strategies. The neighborhood’s share of renter-occupied housing units is 31.6% (ranked 37 of 218), making it competitive among North Port–Sarasota–Bradenton neighborhoods. Within a 3-mile radius, renter-occupied housing accounts for roughly 42.5% of units, indicating depth beyond the immediate blocks and supporting resident retention across product types.
Occupancy at the neighborhood level is below the metro median (ranked 156 of 218) and sits in lower national percentiles, so underwriting should emphasize practical lease-up timelines and renewal management rather than aggressive absorption assumptions. Still, the broader 3-mile area shows household growth alongside smaller average household sizes, expanding the tenant base and supporting occupancy stability for well-positioned assets.
Home values in the neighborhood are low relative to national benchmarks, which can create competition from entry-level ownership options. At the same time, rents in the 3-mile radius have risen over the past five years and are forecast to continue increasing, which supports revenue growth but elevates rent-to-income considerations. Investors should view pricing power through the lens of affordability management and resident retention rather than top-line growth alone, based on CRE market data from WDSuite.
Safety indicators for the immediate neighborhood trail both metro and national benchmarks. The area ranks 218 out of 218 metro neighborhoods on crime measures, placing it well below metro averages and in lower national percentiles. For investors, this implies heightened attention to property-level security, lighting, access control, and community engagement to support leasing and retention. Nearby submarkets may differ materially, so comparative comp selection is important when gauging achievable rents and marketing strategy.
- Airgas Store — industrial gases distribution (3.8 miles)
- Jabil Circuit — electronics manufacturing services (27.8 miles)
- Jabil Circuit — electronics manufacturing services (28.2 miles) — HQ
- Raymond James Financial — financial services (29.7 miles) — HQ
- Tech Data — technology distribution (32.4 miles) — HQ
This 92-unit property, built in 1975, presents a classic value-add profile. The vintage suggests selective capital planning for interiors, common areas, and systems, with scope to modernize relative to nearby 1970s stock. Neighborhood-level occupancy runs below the metro median, but the surrounding 3-mile radius shows an expanding household base and rising incomes, supporting a larger tenant pool over time. According to commercial real estate analysis from WDSuite, daily-needs access is a local strength, and proximity to regional employment nodes supports workforce housing demand.
Rents across the 3-mile area have grown and are projected to continue advancing, which can underpin revenue. That said, elevated rent-to-income ratios in the immediate neighborhood argue for pragmatic rent-setting, renewal strategies, and value-add scopes that drive livability without overreaching on pricing. Low local home values can create ownership competition at the margin, so positioning should emphasize convenience, upgraded finishes, and professional management to support retention.
- 1975 vintage with clear value-add and CapEx planning opportunities versus older peer stock
- Renter base supported by 3-mile household growth and rising incomes, aiding occupancy stability
- Strong daily-needs proximity (groceries, pharmacies, restaurants) supports resident convenience and retention
- Regional employers within commuting range provide a diversified demand backdrop for workforce housing
- Risks: below-metro safety indicators and affordability pressure require disciplined rent-setting and security investment