| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 43rd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4000 20th St W, Bradenton, FL, 34205, US |
| Region / Metro | Bradenton |
| Year of Construction | 1986 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4000 20th St W Bradenton Multifamily Opportunity
Renter demand is supported by a sizable renter-occupied housing base in the neighborhood while broader occupancy trends remain mixed, according to WDSuite’s CRE market data. The 1986 vintage positions the asset relatively newer than nearby stock, with potential to compete against older properties.
Situated in Bradenton’s inner suburb context, the property benefits from everyday conveniences that matter to tenants: restaurants and cafes are comparatively dense for the metro, and grocery options are accessible, while formal parks and pharmacies are limited in the immediate area. These dynamics can favor properties that deliver on-site amenities and practical services to offset fewer public green spaces.
Relative to the North Port–Sarasota–Bradenton metro’s 218 neighborhoods, the area is competitive on amenities (above metro median by rank) but trails on overall neighborhood rating. Neighborhood occupancy is lower versus many metro peers, yet the share of renter-occupied housing units is above the metro median, indicating a meaningful tenant base for multifamily operators. For investors, this mix suggests attention to leasing velocity and resident retention, with pricing set to the depth of the local renter pool.
Demographic statistics aggregated within a 3-mile radius indicate modest population softness in recent years but a net increase in households and smaller average household sizes. This combination typically supports multifamily demand by expanding the tenant base and creating more one- to two-person household renters. Median contract rents have risen over the past five years and are projected to grow further, reinforcing the need for disciplined affordability and lease management as incomes evolve.
Median home values in the neighborhood are lower than many national peers, which can make ownership more accessible and introduce competition with entry-level for-sale options. For multifamily owners, that backdrop emphasizes differentiating through unit quality, larger average floor plans (the asset’s average is about 1,011 sq. ft.), and service to sustain leasing and limit concessions.
Within the North Port–Sarasota–Bradenton metro (218 neighborhoods), this neighborhood’s safety profile ranks in the lower tier, indicating higher crime exposure than many metro peers and a national percentile below the midpoint. Recent trends are mixed: estimates show a slight improvement in violent incidents, while property-related offenses have risen over the past year. For underwriting, this typically calls for prudent security measures, lighting and access controls, and careful tenant screening to support resident satisfaction and retention.
Nearby employers provide a diversified white-collar and industrial base that can support renter demand through steady commuting patterns, including distribution, electronics manufacturing, financial services, and technology distribution.
- Airgas Store — industrial gases & distribution (4.7 miles)
- Jabil Circuit — electronics manufacturing (27.6 miles)
- Jabil Circuit — electronics manufacturing (28.0 miles) — HQ
- Raymond James Financial — financial services (29.5 miles) — HQ
- Cardinal Health — healthcare distribution (31.9 miles)
- Tech Data — technology distribution (32.1 miles) — HQ
Built in 1986, the property is relatively newer than the neighborhood’s average vintage and can compete against older local stock, while still benefiting from targeted modernization to enhance durability and resident appeal. The surrounding neighborhood shows a sizable renter-occupied share and a growing count of households within a 3-mile radius, pointing to a stable tenant base even as broader neighborhood occupancy trends remain softer than many metro peers. According to CRE market data from WDSuite, rent levels have moved upward historically with further growth forecast, favoring disciplined revenue management and ongoing attention to affordability.
Key considerations include the area’s lower safety ranking within the metro and more accessible ownership options, which can create competition for renters. Investors who prioritize security, resident services, and value-focused upgrades are positioned to protect occupancy and capture steady leasing in a demand base that relies on convenient, well-managed multifamily housing.
- 1986 vintage is competitive versus older local stock; targeted upgrades can lift durability and renter appeal
- Renter-occupied concentration and household growth (3-mile radius) support tenant depth and leasing stability
- Rising rents, per WDSuite’s CRE market data, favor disciplined revenue management and affordability oversight
- Risk: neighborhood occupancy lags many metro peers; active leasing, renewals, and amenities are important
- Risk: below-median safety and accessible ownership options call for security investments and product differentiation