| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 59th | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 107 Alder Ave SE, Fort Walton Beach, FL, 32548, US |
| Region / Metro | Fort Walton Beach |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
107 Alder Ave SE, Fort Walton Beach Multifamily Investment
Neighborhood fundamentals point to steady renter demand, with occupancy holding near 90% and a high share of renter-occupied units, according to WDSuite’s CRE market data. This positioning supports stable leasing dynamics in an inner-suburban location with daily-needs access.
The property sits in an Inner Suburb of Fort Walton Beach that rates A- and ranks 21 out of 86 neighborhoods in the Crestview–Fort Walton Beach–Destin metro, placing it in the top quartile locally. That relative standing reflects balanced livability and investment appeal rather than luxury positioning, which can support durable occupancy through cycles.
Access to daily necessities is a strength: grocery options rank among the best locally (rank 6 of 86) and parks density is also a top performer (rank 1 of 86; high national percentile). Dining access is notably competitive (rank 1 of 86), while pharmacies and cafes are limited within the immediate neighborhood, suggesting residents rely on nearby corridors for those services.
Neighborhood occupancy is around 90% and has edged up in recent years, supporting income stability for operators. The renter-occupied share is high (rank 4 of 86), indicating a deep tenant base for multifamily. Median contract rents in the neighborhood sit near metro medians, and the rent-to-income profile reads manageable, which can aid retention while leaving room for disciplined pricing.
School quality stands out, with average ratings at the top of the metro (rank 1 of 86) and very strong nationally, a factor that can bolster family-oriented leasing and reduce turnover. Median home values are moderate by national standards, which can introduce some competition from ownership; however, the convenience and flexibility of rentals in this submarket typically sustains renter reliance, especially for smaller households.
Demographic statistics aggregated within a 3-mile radius show population growth over the last five years alongside an increase in households. Forward-looking estimates point to a meaningful increase in household count even as average household size trends smaller, which can expand the renter pool and support occupancy stability for well-managed assets.
Comparable neighborhood safety data are not available in this release. Investors typically benchmark local trends against metro and national baselines and supplement with municipal reports and on-the-ground diligence. Given the submarket’s top-quartile neighborhood rating, many owners focus on property-level security, lighting, and maintenance standards to support tenant retention.
Built in 1988, the asset is slightly newer than the neighborhood’s average vintage, offering competitive positioning versus older stock while leaving room for targeted modernization of unit interiors and building systems. For a 24-unit property with efficiency-oriented layouts, this can translate into a practical value-add path without overextending capital plans.
Based on commercial real estate analysis from WDSuite, the surrounding neighborhood shows steady occupancy, strong renter concentration, and top-tier school performance—factors that support leasing durability. Within a 3-mile radius, households have grown and are projected to increase further even as average household size trends down, implying a larger tenant base and continued demand for well-located rentals. Moderate ownership costs may create some competition from for-sale options, but manageable rent-to-income levels suggest retention can be maintained with disciplined pricing and service quality.
- Slightly newer 1988 vintage versus local average supports competitiveness with practical renovation upside
- Neighborhood occupancy near metro norms and high renter-occupied share underpin demand stability
- Daily-needs access and top-rated schools bolster leasing appeal and retention
- 3-mile household growth and smaller household sizes point to renter pool expansion
- Risks: moderate ownership competition and aging systems require disciplined CapEx and active lease management