| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 59th | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 45 Windham Ave SE, Fort Walton Beach, FL, 32548, US |
| Region / Metro | Fort Walton Beach |
| Year of Construction | 2003 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
45 Windham Ave SE Fort Walton Beach Multifamily Investment
Neighborhood data points to durable renter demand and everyday convenience, according to WDSuite s CRE market data. The area s strong amenity access and high renter concentration support stable leasing for well-managed assets.
The property sits in an Inner Suburb location within Fort Walton Beach that ranks 21 out of 86 metro neighborhoods, placing it in the top quartile locally. Neighborhood statistics indicate an occupancy environment around the area s housing stock that has remained steady, helping underpin leasing consistency at comparable multifamily assets. Median contract rents in the neighborhood track mid-market levels, and the rent-to-income ratio suggests manageable affordability pressure that can support retention with disciplined lease management.
Daily needs are well served: neighborhood metrics show top-ranked restaurant density in the metro (strong national standing), abundant parks, and competitive access to grocery and childcare options. Pharmacy and cafe counts are thinner, so on-site conveniences and partnerships can help reinforce resident satisfaction. School quality is a local strength, with average ratings among the highest in the metro, a factor that can aid longer tenures for family renters.
Tenure patterns point to multifamily demand depth. At the neighborhood level, a high share of housing units are renter-occupied, signaling a sizable tenant base for workforce-oriented properties. Within a 3-mile radius, demographics show recent population growth alongside an increase in households, expanding the local renter pool and supporting occupancy stability for competitively positioned communities. These dynamics, combined with balanced home values in the area, suggest pricing power should be earned through service quality and unit finishes rather than relying on scarcity alone, aligning with prudent commercial real estate analysis.
Vintage matters: the average neighborhood construction year skews to the late 1980s, while this asset s 2003 construction is newer than much of the surrounding stock. That positioning can enhance competitiveness versus older product, while still planning for targeted modernization of systems and interiors as part of a standard capital program.
Neighborhood-level crime metrics are not available in WDSuite for this location. Without comparable figures, investors should evaluate safety through multiple sources, including city and county reports, police blotters, and property-level incident records, to understand trend direction versus broader Crestview Fort Walton Beach Destin benchmarks.
Given the absence of quantified rankings here, a practical approach is to compare recent multi-year trends for the immediate neighborhood against citywide patterns, and to assess on-site measures (lighting, access control, and resident services) that can influence leasing confidence and retention.
This 53-unit, 2003-vintage community offers a practical combination of renter demand depth, neighborhood convenience, and relative competitive positioning versus older local stock. The surrounding neighborhood places in the top quartile among 86 metro neighborhoods and shows stable housing occupancy, while a high share of renter-occupied units at the neighborhood level points to a broad tenant base. Within a 3-mile radius, recent population gains and a growing household count indicate a larger renter pool, supporting occupancy stability for well-managed properties. Home values in the area are moderate in national context, suggesting that pricing power is best supported by service quality, finish levels, and amenity execution rather than scarcity.
Based on multifamily property research from WDSuite, rent levels in the neighborhood are mid-market with a rent-to-income profile that implies measured affordability pressure a backdrop conducive to disciplined renewal strategies and steady leasing. Being newer than the area s average 1980s stock, the 2003 construction provides a relative edge; investors can still plan targeted renovations and system updates to capture value-add upside and support retention.
- Neighborhood ranks in the top quartile locally, with stable area occupancy supporting consistent leasing
- High neighborhood renter-occupied share indicates a deep tenant base for workforce housing
- 2003 vintage is newer than much of the surrounding stock, offering competitive positioning with targeted updates
- 3-mile demographics show recent population and household growth, reinforcing demand and occupancy stability
- Risk: moderate home values and limited pharmacy/cafe presence mean pricing power depends on execution and on-site amenity strategy