| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 51st | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6318 14th St E, Bradenton, FL, 34203, US |
| Region / Metro | Bradenton |
| Year of Construction | 1983 |
| Units | 64 |
| Transaction Date | 2023-04-12 |
| Transaction Price | $8,029,100 |
| Buyer | ELM LAKE ESSENTIAL HOUSING LLC |
| Seller | ELM LAKE HARMONY HOUSING LLC |
6318 14th St E Bradenton Multifamily Investment
Positioned in a suburban corridor with steady renter demand and competitive metro-level occupancy, this asset benefits from accessible daily amenities and an expanding household base, according to WDSuite’s CRE market data.
The property sits in a Suburban neighborhood within the North Port–Sarasota–Bradenton metro that rates B overall. Neighborhood occupancy is competitive among North Port–Sarasota–Bradenton neighborhoods (ranked 60 out of 218) while tracking a touch below the national median, supporting stable leasing but rewarding disciplined management. Renter-occupied share is about one-quarter of local housing units, indicating a predominantly owner-occupied area with a defined, repeat-user tenant base for multifamily.
Everyday convenience is a relative strength. Cafes and groceries score in the upper half of the nation (cafes around the low-80s percentile and groceries mid-70s), with restaurants near the national median. Park and pharmacy density is limited within the immediate neighborhood, so on-site amenities and resident services can help bolster retention.
Schools in the area average roughly 3.0 out of 5 and sit above the national median, and the neighborhood’s school ranking is top quartile in the metro (rank 20 of 218). These fundamentals align with a broad renter profile spanning workforce to family households.
Demographic statistics aggregated within a 3-mile radius show modest population growth over the last 5 years alongside a faster increase in households and smaller average household size. That combination typically expands the renter pool and supports occupancy stability. Elevated home values (upper-third nationally) and a comparatively low rent-to-income ratio suggest multifamily remains a more accessible option than ownership for many residents, a dynamic that can reinforce leasing durability and measured pricing power.
Safety metrics for the neighborhood trend below national averages. Compared with neighborhoods nationwide, the area sits in the lower national percentiles for both property and violent offenses, and within the metro it ranks near the bottom cohort (crime rank 215 out of 218), indicating higher-than-average incident levels relative to peer neighborhoods.
Recent year-over-year indicators point to an uptick in reported property and violent offenses. Investors often address this through practical measures such as lighting, access control, and partnership with responsive management to support resident satisfaction and mitigate risk.
The location draws from a broad employment base that supports renter demand, from nearby industrial services to regional corporate offices in greater Tampa Bay. Key employers include industrial gases, electronics manufacturing services, financial services, IT distribution, and healthcare products distribution.
- Airgas Store — industrial gases distribution (1.7 miles)
- Jabil Circuit — electronics manufacturing services (30.4 miles)
- Raymond James Financial — financial services (32.3 miles) — HQ
- Cardinal Health — healthcare products distribution (33.4 miles)
- Tech Data — IT distribution (35.0 miles) — HQ
This 64-unit asset in Bradenton benefits from metro-competitive neighborhood occupancy and a growing household base within a 3-mile radius, which together support a stable tenant pipeline and balanced leasing. Elevated home values versus national norms reinforce reliance on rental housing, while a relatively low rent-to-income profile provides room for measured rent growth without overextending residents.
Amenities are accessible and schools are above the national median, aiding family-friendly appeal. At the same time, safety metrics are weaker than metro and national benchmarks, warranting active management to support resident experience. According to commercial real estate analysis from WDSuite, these fundamentals position the property for durable demand with prudent risk controls.
- Metro-competitive neighborhood occupancy supports leasing stability versus local peers.
- Household growth and smaller household sizes within 3 miles expand the renter pool.
- Elevated ownership costs and a low rent-to-income profile support retention and pricing power.
- Risk: Below-average safety metrics require proactive management, security enhancements, and resident engagement.