| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 43rd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4103 24th St W, Bradenton, FL, 34205, US |
| Region / Metro | Bradenton |
| Year of Construction | 1980 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4103 24th St W Bradenton Multifamily Value-Add Opportunity
Neighborhood renter demand is supported by a meaningful renter-occupied share and steady household formation nearby, according to WDSuite’s CRE market data. With 1980 vintage positioning and moderate area rents, the asset aligns with workforce housing fundamentals in Bradenton.
Located in Bradenton’s inner-suburban fabric, the neighborhood scores a C+ and ranks 138 out of 218 metro neighborhoods, placing it below the metro median. For investors, the area functions as workforce housing with a renter-occupied share measured at the neighborhood level that sits in a higher national percentile, indicating a deeper tenant base relative to many U.S. neighborhoods.
Daily-life amenities are serviceable: dining density ranks competitively within the metro (24 of 218), and grocery access is also reasonably positioned (42 of 218). Cafes and childcare are comparatively available by national standards, while parks and pharmacies are limited within the immediate neighborhood. This mix supports everyday convenience even if green space and pharmacy options may require short drives.
Neighborhood occupancy, measured for the neighborhood as a whole (not the property), is 73.3% and trails stronger submarkets in the region, suggesting leasing focus and targeted marketing can matter for performance. Median contract rents at the neighborhood level remain moderate, while a rent-to-income ratio of 0.29 points to affordability pressure that operators should manage through renewal strategies and value delivery.
Within a 3-mile radius, household counts have grown even as recent population trends were flat to slightly negative, reflecting smaller household sizes and creating a broader pool of households for multifamily. Forecasts point to modest population growth and a notable increase in households, which can support occupancy stability and leasing velocity for well-managed properties, based on CRE market data from WDSuite.
Median home values in the neighborhood are lower than many parts of the metro, which can introduce some competition from entry-level ownership. At the same time, more accessible ownership costs can help stabilize resident turnover dynamics by offering clear relative value for quality rental product, particularly when combined with amenity access and professional management.
The asset’s 1980 construction year is slightly newer than the area’s average vintage (late 1970s), suggesting potential value-add through systems updates, interior modernization, and curb appeal improvements to compete effectively against older stock while maintaining a workforce-oriented rent position.
Safety indicators for the neighborhood compare less favorably within the region: the crime rank is 207 out of 218 metro neighborhoods, which places it below the metro average. Nationally, safety percentiles are also on the lower side, indicating the area experiences more incidents than many U.S. neighborhoods.
Recent trend data shows a small year-over-year improvement in violent offense rates, while property crime has increased. Investors typically address these conditions through lighting, access control, and community standards to support resident experience and retention. Conditions can vary by block and property operations; underwriting should account for security-forward management.
The nearby employment base blends industrial distribution, electronics manufacturing services, and white-collar financial and IT distribution roles, supporting commuter-friendly renter demand for workforce and office employees. Notable employers within a regional commute include Airgas, Jabil Circuit, Raymond James Financial, Cardinal Health, and Tech Data.
- Airgas Store — industrial gases distribution (4.97 miles)
- Jabil Circuit — electronics manufacturing services (27.93 miles) — HQ
- Raymond James Financial — financial services (29.40 miles) — HQ
- Cardinal Health — medical products distribution (31.90 miles)
- Tech Data — IT distribution (32.00 miles) — HQ
This 78-unit, 1980-vintage property provides a pragmatic value-add angle in a workforce neighborhood where renter-occupied share is comparatively high and household formation within 3 miles has been expanding. While neighborhood occupancy runs below stronger submarkets, moderate area rents and a large commuter employment base can support consistent leasing with hands-on operations and targeted upgrades.
According to CRE market data from WDSuite, neighborhood-level rents are moderate while rent-to-income suggests careful renewal management and service-driven retention. The vintage offers clear renovation levers—unit interiors, energy and water efficiencies, and exterior presentation—that can improve competitive positioning versus older stock and capture demand from renters prioritizing convenience and value.
- Workforce demand with a comparatively deep renter base and growing households in a 3-mile radius supports absorption and retention.
- 1980 vintage presents value-add upside via systems, interiors, and curb appeal to outperform older neighborhood stock.
- Regional employers across industrial distribution, EMS, and financial services underpin commuter renter traffic.
- Risk: neighborhood occupancy and safety metrics trail metro leaders—plan for security-forward operations and leasing focus.
- Operate with affordability-aware renewal strategies where rent-to-income levels indicate potential retention sensitivity.