| 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 | 2016-03-22 |
| Transaction Price | $6,300,000 |
| Buyer | SD-BOULEVARD LLC |
| Seller | PEDCOR HOUSING CORPORATION |
3810 5th St E, Bradenton FL Multifamily Investment
Stabilization hinges on capturing workforce demand and executing value-add at a 1975-vintage, 92-unit asset, according to WDSuite’s CRE market data. Neighborhood fundamentals are mixed, but grocery and restaurant density and a broad regional employment base support leasing potential.
This Inner Suburb location in Bradenton carries a C- neighborhood rating, with mixed fundamentals for long-term holders. Grocery and pharmacy access are strong, and restaurant density is high relative to the metro, while parks, cafes, and childcare are limited. For investors, day-to-day convenience is solid, but lifestyle amenities are thinner, which can influence renter profiles and leasing tactics.
Neighborhood occupancy trends run below national norms, so property-level execution will matter more than market tide for maintaining stability. At the same time, within a 3-mile radius, household counts have expanded over the last five years and are projected to continue rising, indicating a larger tenant base over the forecast period; smaller average household sizes also point to steady multifamily need. These dynamics suggest demand can be captured with the right unit mix and management focus.
Renter-occupied housing comprises roughly one-third of units in the immediate neighborhood, implying a moderate renter concentration and a workable funnel for multifamily lease-up. Elevated grocery and restaurant access should aid retention, but lean park and café supply may require targeted amenities or resident programming to compete with nearby alternatives.
Ownership costs in the immediate neighborhood are relatively low by regional standards, which can create some competition with entry-level ownership and temper pricing power. Lease management should emphasize renewal strategies and value-for-money positioning. Based on commercial real estate analysis from WDSuite, this submarket favors disciplined operations over momentum-driven rent growth.
Safety conditions in this neighborhood trail both metro and national benchmarks. Within the North Port–Sarasota–Bradenton metro, the area ranks near the bottom compared with 218 total neighborhoods, and nationally it falls in lower percentiles for both property and violent offenses. Investors should underwrite proactive measures such as lighting, access control, and community engagement, and align marketing with workforce renters who prioritize value and basic security.
While individual blocks can vary, the directional takeaway is that enhanced on-site management and partnership with local resources may be needed to support leasing and retention. Monitoring trend movement relative to the metro average can help calibrate operating expenses over time.
Regional employment is diversified across industrial gases, electronics manufacturing, financial services, and healthcare distribution, supporting commuter convenience and a broad renter base. The following nearby employers help underpin weekday demand and lease stability for workforce-oriented units.
- Airgas Store — industrial gases & distribution (3.9 miles)
- Jabil Circuit — electronics manufacturing (27.8 miles)
- Jabil Circuit — electronics manufacturing (28.2 miles) — HQ
- Raymond James Financial — financial services (29.7 miles) — HQ
- Cardinal Health — healthcare distribution (31.3 miles)
The 92-unit property at 3810 5th St E presents a classic value-add profile: a 1975 vintage that can benefit from targeted renovations and systems upgrades to improve competitiveness against newer stock. Neighborhood occupancy runs soft, but within a 3-mile radius the renter pool is broadening as households increase and average household size declines, which supports absorption for practical floor plans. According to CRE market data from WDSuite, strong grocery and restaurant access aids day-to-day livability, while lean park/café options argue for on-site amenity emphasis.
Ownership is relatively accessible nearby, which can cap near-term pricing power and necessitate disciplined renewal management. Affordability pressure is present, so operators should balance rent growth with retention to protect occupancy. With focused capital planning, the asset can position as durable workforce housing, leveraging regional employers and commuter access to drive steady leasing.
- 1975 vintage supports value-add upgrades to interiors and major systems
- Growing 3-mile household base and smaller household sizes expand the renter pool
- Strong grocery and restaurant access enhances livability and retention
- Workforce demand anchored by diversified regional employers within commuting range
- Risks: below-metro safety and softer neighborhood occupancy require active management and prudent rent growth