| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 13th | Poor |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1101 Holt Ave, Clearwater, FL, 33755, US |
| Region / Metro | Clearwater |
| Year of Construction | 2012 |
| Units | 32 |
| Transaction Date | 2010-08-31 |
| Transaction Price | $365,000 |
| Buyer | HOMELESS EMERGENCY PROJECT INC |
| Seller | THE SCHOOL BOARD OF PINELLAS COUNTY FLOR |
1101 Holt Ave Clearwater Multifamily Investment
Newer construction versus the area s older housing stock supports competitive positioning and steady renter demand, according to WDSuite s CRE market data.
Located in Clearwater s inner suburb cluster, the property benefits from neighborhood fundamentals that support workforce housing. Area occupancy has been stable in recent years, and the local renter base is deep, with a high share of units that are renter-occupied a dynamic that generally supports leasing velocity and renewal potential for multifamily assets.
The building s 2012 vintage is notably newer than the area s average construction year of 1961. For investors, this tends to reduce near-term capital expenditure risk and keeps the property more competitive versus older stock, while still leaving room for targeted modernization to drive rent premiums where appropriate.
Amenity access is mixed: parks are a standout strength (top tier nationally), with grocery options and restaurants comparatively well represented. By contrast, cafes and pharmacies are thinner locally, which may slightly affect daily convenience for residents. School quality indicators in the neighborhood rate low relative to metro and national benchmarks; investors should calibrate expectations toward workforce renters rather than school-driven demand.
Within a 3-mile radius, household counts have been trending upward and are projected to continue rising by 2028, indicating a larger tenant base over time. Median home values in the neighborhood sit in a higher-cost ownership context relative to local incomes, which tends to sustain reliance on rental housing and can bolster pricing power for well-positioned assets. These observations are grounded in WDSuite s multifamily property research and reflect neighborhood-level metrics, not property-specific performance.
Relative to the Tampa St. Petersburg Clearwater metro, this neighborhood s safety profile trends below the metro average (ranked 528 of 710 neighborhoods), placing it below the national median as well. Investors should underwrite prudent security, lighting, and operating practices consistent with submarkets that experience more incidents than higher-ranked peer areas.
Recent momentum is mixed but shows some improvement: violent offense rates have been trending down year over year (above-average improvement compared with many U.S. neighborhoods), while property offenses remain elevated relative to national benchmarks. Monitoring trend direction and coordinating with local resources can help support resident satisfaction and retention.
Nearby corporate offices provide a sizable white-collar employment base that supports renter demand and commute convenience, notably Tech Data, Raymond James Financial, Jabil, and Wellcare Health Plans.
- Tech Data corporate offices (6.3 miles) HQ
- Raymond James Financial corporate offices (9.5 miles) HQ
- Jabil Circuit corporate offices (11.3 miles) HQ
- Wellcare Health Plans corporate offices (14.9 miles) HQ
Built in 2012 with 32 units averaging roughly mid-size layouts, the asset is materially newer than surrounding housing stock. That vintage advantage can temper near-term CapEx exposure and enhance competitive positioning against older, value-oriented inventories. Neighborhood occupancy has been steady, and a high share of renter-occupied units indicates depth in the tenant base, supporting leasing stability.
Within a 3-mile radius, households are growing and are projected to expand further by 2028, pointing to a gradually larger renter pool. The neighborhood s higher-cost ownership landscape relative to incomes tends to reinforce demand for rental housing. According to commercial real estate analysis from WDSuite, these dynamics align with sustained renter demand, while safety and school quality should be considered in underwriting and retention planning.
- 2012 vintage versus an older-area baseline reduces near-term capital planning risk and improves competitiveness.
- Stable neighborhood occupancy and high renter-occupied share support demand depth and renewal potential.
- 3-mile household growth and projected expansion through 2028 indicate a larger tenant base over time.
- Higher-cost ownership context supports renter reliance, aiding pricing power for well-positioned units.
- Risks: below-average neighborhood safety and weaker school ratings warrant conservative underwriting and active resident retention strategies.