| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 10th | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6027 5th St E, Bradenton, FL, 34203, US |
| Region / Metro | Bradenton |
| Year of Construction | 1973 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6027 5th St E Bradenton Multifamily Investment
Neighborhood renter concentration is high and occupancy has trended upward in recent years, according to WDSuite’s CRE market data for the surrounding neighborhood. Grocery and pharmacy access is strong for an inner-suburban location, supporting day-to-day convenience that can aid retention.
Located in Bradenton’s inner suburbs, the property sits in a neighborhood rated C- within the North Port–Sarasota–Bradenton metro. The area shows improving fundamentals: neighborhood occupancy has risen over the last five years, though it remains below national norms, signaling potential upside with focused operations. Renter demand is supported by a high share of renter-occupied housing units (among the highest in the metro), indicating meaningful depth in the tenant base.
Everyday amenities are a relative strength. Grocery access ranks in the top quartile among 218 metro neighborhoods and is in a high national percentile, while pharmacy proximity is also strong. Restaurant density is moderately above national norms, but parks, cafes, and childcare options are limited nearby. For investors, this mix translates to solid daily convenience that can aid leasing, even if lifestyle amenities are more dispersed.
Homeownership is a higher-cost proposition relative to local incomes, with the neighborhood’s value-to-income ratio positioned in a high national percentile. This tends to sustain reliance on rentals and can support pricing power. At the same time, rent-to-income metrics indicate affordability pressure for some households, suggesting prudent lease management and renewal strategies.
The asset’s 1973 construction is slightly older than the neighborhood average vintage (late 1970s). This typically points to capital planning for systems and finishes and may create value-add potential versus newer competitive stock. Within a 3-mile radius, households have grown even as average household size edged down, and forecasts call for additional household growth over the next five years—factors that can expand the renter pool and support occupancy stability.
Safety metrics for the neighborhood trail both metro and national benchmarks. The neighborhood’s crime ranking sits in the lower tier among 218 metro neighborhoods, and national comparisons indicate below-average safety. That said, recent trends show violent incidents declining year over year in the area, which is a constructive signal to monitor. Investors should underwrite with realistic assumptions on security, lighting, and community management, while tracking trajectory rather than any single-year figure.
Proximity to corporate offices along the Tampa Bay–Sarasota corridor supports a broad employment base and commute options for renters. Notable nearby employers include Airgas, Jabil Circuit, Raymond James Financial, and Tech Data; access to these corporate nodes can aid leasing and retention.
- Airgas — corporate offices (2.5 miles)
- Jabil Circuit — corporate offices (30.0 miles)
- Jabil Circuit — corporate offices (30.4 miles) — HQ
- Raymond James Financial — corporate offices (31.9 miles) — HQ
- Tech Data — corporate offices (34.6 miles) — HQ
This 28-unit, 1973-vintage property in Bradenton is positioned for durable renter demand. The surrounding neighborhood shows high renter-occupied share—among the strongest in the metro—alongside rising neighborhood occupancy, suggesting a stable tenant base with room for operational improvement. Elevated ownership costs relative to incomes reinforce renter reliance on multifamily housing, while grocery and pharmacy access add day-to-day convenience that supports retention. Based on CRE market data from WDSuite, affordability pressure is present, so disciplined rent and renewal strategies remain important.
Vintage implies near- to medium-term capital needs, but also potential value-add upside versus older competitors. Within a 3-mile radius, household counts have increased and are projected to expand further, indicating a larger renter pool over time even as household sizes shrink—conditions that can support occupancy stability and steady leasing.
- High renter-occupied concentration supports a deep tenant base and leasing durability.
- Neighborhood occupancy has trended upward, offering potential to capture further stabilization.
- Elevated ownership costs versus incomes reinforce demand for rentals and pricing power.
- 1973 vintage suggests value-add potential with targeted capex to modernize systems and finishes.
- Risks: below-average safety metrics and rent-to-income pressure warrant conservative underwriting and proactive resident retention strategies.