| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5502 8th Street Ct W, Bradenton, FL, 34207, US |
| Region / Metro | Bradenton |
| Year of Construction | 1987 |
| Units | 23 |
| Transaction Date | 2021-05-05 |
| Transaction Price | $3,835,000 |
| Buyer | BRADENTON 819 LLC |
| Seller | GB 18 HOLDINGS LLC |
5502 8th Street Ct W, Bradenton Multifamily Opportunity
Stabilized renter demand in this inner-suburban Bradenton neighborhood is supported by a sizable renter-occupied share at the neighborhood level, according to WDSuite’s CRE market data, while the property’s 1987 vintage offers room for targeted upgrades to enhance competitiveness.
This inner-suburban location in the North Port–Sarasota–Bradenton metro offers day-to-day convenience with strong grocery access and dining density at the neighborhood level. Neighborhood amenities rank competitive among 218 metro neighborhoods for groceries (ranked 5 of 218; 96th percentile nationally) and restaurants (ranked 34 of 218; 89th percentile nationally), while parks, pharmacies, cafes, and childcare options are thinner, which can shape tenant expectations and service-based retail demand.
At the neighborhood scale, rents benchmark in the upper tiers nationally (73rd percentile), indicating pricing that many renters recognize for proximity and access rather than luxury positioning. Median home values in the neighborhood trail national norms (30th percentile), which can moderate ownership alternatives and, in turn, help sustain multifamily demand and lease retention. Investors should monitor rent-to-income dynamics at the neighborhood level, where ratios suggest affordability pressure that calls for disciplined lease management and renewal strategies.
Neighborhood occupancy trends are softer than national averages, but the renter-occupied share is high for the metro (top quintile nationally and competitive within the region), signaling a broad tenant base. Average NOI per unit at the neighborhood level ranks near the top of the metro (7 of 218; 84th percentile nationally), reinforcing income potential with professional operations and prudent expense control, based on CRE market data from WDSuite.
Within a 3-mile radius, households have increased while average household size decreased, expanding the pool of potential renters even as overall population was roughly flat in recent years. Forward-looking projections show a continued increase in households and higher median incomes within 3 miles, supporting demand for well-maintained units and measured rent growth. These dynamics, combined with the property’s 1987 vintage—newer than the neighborhood’s average—point to an opportunity to capture demand with targeted renovations and modernization rather than full repositioning as part of multifamily property research.
Safety indicators for the neighborhood are below both metro and national averages. The neighborhood ranks near the lower end of the 218 neighborhoods in the North Port–Sarasota–Bradenton metro on crime measures and sits in the lower national percentiles, indicating comparatively higher reported incidents than many areas nationwide.
Recent trend data show year-over-year increases in estimated property and violent offenses at the neighborhood level. Investors typically address this by emphasizing lighting, access control, and resident screening, and by aligning marketing to demand drivers such as commute convenience and on-site amenities, rather than relying on block-level assumptions.
The area’s employment base blends nearby industrial and major corporate offices, supporting workforce housing demand and commuter convenience. Notable nearby employers include Airgas, Jabil Circuit, Raymond James Financial, Tech Data, and Cardinal Health.
- Airgas Store — industrial gases & supplies (3.4 miles)
- Jabil Circuit — electronics manufacturing (29.5 miles) — HQ
- Raymond James Financial — financial services (31.0 miles) — HQ
- Cardinal Health — healthcare distribution (32.9 miles)
- Tech Data — IT distribution (33.7 miles) — HQ
The property’s 1987 construction is slightly newer than the neighborhood average, offering a platform to enhance unit finishes, building systems, and curb appeal to outperform older local stock while planning for aging-system refreshes. At the neighborhood level, strong grocery and restaurant access supports daily convenience, and NOI per unit ranks near the top of metro peers, suggesting potential to drive income with disciplined operations and select value-add projects, according to CRE market data from WDSuite.
Within a 3-mile radius, household counts have grown and are projected to continue rising alongside higher median incomes, which expands the tenant base and supports occupancy stability over time. Neighborhood rents price in the upper national tiers while home values run lower than national norms—an ownership landscape that tends to reinforce renter reliance on multifamily housing. Key watch items include neighborhood-level affordability pressure (rent-to-income) and safety trends, which argue for conservative underwriting and active management.
- Slightly newer 1987 vintage supports targeted renovations and competitive positioning versus older neighborhood stock
- Strong neighborhood NOI-per-unit performance signals income potential with professional expense control
- 3-mile household growth and projected income gains expand the renter pool, supporting lease-up and retention
- Grocery and dining density nearby enhances day-to-day livability and leasing appeal
- Risks: neighborhood affordability pressure and below-average safety call for conservative underwriting and active management