| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 43rd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3999 24th St W, Bradenton, FL, 34205, US |
| Region / Metro | Bradenton |
| Year of Construction | 1979 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3999 24th St W Bradenton Multifamily Investment
Inner-suburban location with a deep renter base and improving household trends suggests durable leasing demand, according to WDSuite’s CRE market data. Neighborhood occupancy trails metro norms, but amenity access and projected household growth offer operational upside for a focused operator.
Situated in Bradenton’s inner suburbs within the North Port–Sarasota–Bradenton metro, the neighborhood scores C+ overall and reads as a workforce housing pocket with convenient daily needs. Dining density ranks in the top quartile among 218 metro neighborhoods, and cafes and groceries are also top quartile, pointing to practical walk/drive convenience that supports resident retention and leasing velocity.
Renter concentration is above the metro median, indicating a sizable pool of renter-occupied units and demand depth for multifamily. By contrast, neighborhood occupancy trends run below metro norms, signaling the need for sharper leasing and asset management to outperform peers. Taken together, investors should view this submarket as competitive for demand but requiring hands-on execution to capture share.
Within a 3-mile radius, households have increased in recent years and are projected to expand further while average household size declines. That combination typically enlarges the tenant base and supports occupancy stability for well-managed assets. Median household incomes have risen and are forecast to continue advancing, which can underpin achievable rents and reduce turnover risk.
Home values in the immediate neighborhood are relatively accessible versus many Florida metros, which can introduce some competition from entry-level ownership. However, the mix of amenities, commuting convenience, and a meaningful share of renter-occupied housing tends to sustain multifamily demand, especially for professionally managed properties offering quality and reliability. These dynamics align with regional patterns observed in commercial real estate analysis, based on CRE market data from WDSuite.
Safety indicators for the neighborhood track below both metro and national averages, with crime ranks in the lower tiers among 218 North Port–Sarasota–Bradenton neighborhoods. National percentiles also sit on the lower end, signaling comparatively higher property crime exposure than many U.S. neighborhoods.
Recent trends show modest improvement in violent incident rates year over year, but conditions remain an operational consideration. Investors typically mitigate this through on-site visibility, lighting and access controls, and resident screening. As always, safety conditions can vary block to block; the metrics cited are neighborhood-level indicators rather than property-specific.
A diversified base of corporate offices within commuting range supports renter demand, with roles spanning industrial gases, electronics manufacturing, finance, and healthcare. These employers can contribute to leasing stability for workforce-oriented apartments.
- Airgas Store — industrial gases & distribution (5.0 miles)
- Jabil Circuit — electronics manufacturing (27.9 miles) — HQ
- Raymond James Financial — financial services (29.4 miles) — HQ
- Cardinal Health — healthcare distribution (31.8 miles)
- Tech Data — technology distribution (32.0 miles) — HQ
Built in 1979 with 78 units averaging approximately 850 square feet, the property fits Bradenton’s workforce profile and presents clear value-add and capital planning angles. Neighborhood renter concentration is above the metro median, amenity access is competitive among nearby submarkets, and 3-mile household counts are projected to increase while household sizes trend smaller — all supportive of a broader tenant base and potential occupancy lift for a well-executed asset strategy.
According to CRE market data from WDSuite, neighborhood occupancy trails metro norms and safety metrics are weaker than average, so performance will hinge on hands-on management, curb appeal, and resident services. On the upside, rising local incomes and a high-amenity context provide room to position upgraded units competitively without overextending affordability, while relatively accessible ownership costs suggest emphasizing service quality and convenience to reinforce retention.
- 1979 vintage offers value-add and systems modernization opportunities to drive rents and retention
- Above-median renter concentration and projected 3-mile household growth expand the tenant base
- Top-quartile neighborhood amenity access supports leasing velocity and resident convenience
- Rising area incomes underpin achievable rent positioning for renovated units
- Risk: below-metro occupancy and weaker safety metrics require active management and security-focused operations