| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Poor |
| Demographics | 34th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1060 Jasper St, Clearwater, FL, 33756, US |
| Region / Metro | Clearwater |
| Year of Construction | 1972 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | $1,615,000 |
| Buyer | HENDRICKS FRED A |
| Seller | DIEHL B G |
1060 Jasper St, Clearwater FL Multifamily Investment
Positioned in an inner-suburban pocket of Clearwater, this 53-unit asset offers exposure to steady renter demand supported by nearby employment hubs and daily-needs amenities, according to WDSuite’s CRE market data.
Clearwater’s inner-suburban setting around 1060 Jasper St balances everyday convenience with workforce accessibility. Neighborhood data indicate strong proximity to daily-needs retail, with grocery options ranking among the highest in the metro (ranked 4th among 710 Tampa–St. Petersburg–Clearwater neighborhoods, top percentile nationally). Restaurant density is also comparatively strong (85th percentile nationally), while cafes and parks are more limited in this immediate area. Childcare availability rates as a notable strength (97th percentile nationally), which can support family-oriented renter households.
The property’s 1972 construction suggests value-add and capital planning opportunities typical of older Florida stock. The broader neighborhood skews older on average (typical vintage around the 1960s), so 1970s assets can compete well with functional updates to interiors, building systems, and curb appeal. Smaller-format units at the property may align with price-sensitive demand and efficient operations when managed with attention to lease turnover and renewal strategies.
Tenure metrics show a moderate renter concentration at the neighborhood level (share of housing units that are renter-occupied), indicating a defined tenant base for multifamily while still competing with ownership options. Neighborhood occupancy is measured for the neighborhood overall and not the property; it trends below national norms, so operators should prioritize leasing execution and renewals. At the same time, elevated homeownership accessibility in the immediate area can put some price discipline on rents, making value-forward positioning important for absorption.
Within a 3-mile radius, demographics show relatively stable population counts with a modest increase in total households over the past five years and projections for further household growth by 2028. This points to a gradually expanding renter pool and supports occupancy stability when product is positioned to local incomes. Income distributions in the 3-mile radius have been trending upward, which can aid rent collections and upgrade programs when balanced against rent-to-income management.
Safety indicators compare favorably versus many neighborhoods nationwide, with violent-offense metrics tracking in a higher national percentile (safer relative to national peers). At the metro level (710 neighborhoods), signals are mixed by subcategory; year-over-year trends show improvement in violent incidents while property crime measures have been more volatile. Investors should underwrite with standard operating controls (lighting, access systems, resident screening) and monitor neighborhood trendlines rather than block-level assumptions.
Nearby corporate anchors help sustain renter demand through commute convenience, particularly in technology distribution, financial services, electronics manufacturing, health insurance, and healthcare distribution—each listed below in order of proximity.
- Tech Data — technology distribution (5.1 miles) — HQ
- Raymond James Financial — financial services (8.1 miles) — HQ
- Jabil Circuit — electronics manufacturing (9.8 miles) — HQ
- Wellcare Health Plans — health insurance (16.3 miles) — HQ
- Cardinal Health — healthcare distribution (26.5 miles)
1060 Jasper St offers 53 units in Clearwater’s inner suburbs with walk-proximate daily needs and access to major employers. Based on CRE market data from WDSuite, neighborhood rents trend above national medians while homeownership remains relatively accessible nearby, positioning well-run, smaller-format units to capture value-conscious renters. The 1972 vintage indicates clear value-add pathways—interiors, building systems, and curb appeal—that can improve competitive standing and stabilize tenancy.
Neighborhood renter-occupied share supports a defined tenant base, though overall neighborhood occupancy runs below national norms, making leasing execution and renewal management important. Within a 3-mile radius, household counts are projected to grow through 2028 with rising income profiles, which can underpin demand and collections when aligned with rent-to-income thresholds. Operators should also plan for affordability pressure and the potential for competition from ownership alternatives in pricing decisions.
- Daily-needs convenience with strong grocery and restaurant access supports leasing and retention
- 1972 vintage provides value-add upside via targeted renovations and system upgrades
- Proximity to major employers broadens the renter pool and supports demand consistency
- 3-mile radius projections show rising households and incomes, aiding long-term demand
- Key risks: below-average neighborhood occupancy and affordability pressure require active lease and pricing management