| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 53rd | Fair |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1142 Sunset Point Rd, Clearwater, FL, 33755, US |
| Region / Metro | Clearwater |
| Year of Construction | 1973 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1142 Sunset Point Rd, Clearwater FL — 33-Unit Multifamily Investment
Positioned in Clearwater s inner-suburb fabric, the property benefits from a high-cost ownership market that tends to sustain renter demand, according to WDSuite s CRE market data.
The neighborhood carries a B rating and ranks 327 out of 710 Tampa St. Petersburg Clearwater metro neighborhoods, placing it above the metro median. As an Inner Suburb location, it draws from established residential demand while remaining accessible to employment across the metro.
Daily-needs access is a relative strength: grocery store density sits in the upper tiers metro-wide and in the top quartile nationally, and park access is also strong. Dining options are competitive among metro peers, while cafes and pharmacies are thinner locally, which may modestly impact walkable convenience.
On rents and housing context, neighborhood asking rents benchmark above many U.S. neighborhoods, and median home values sit in higher national percentiles. In investor terms, this high-cost ownership market can reinforce reliance on multifamily housing and support pricing power, provided asset positioning and operations are competitive.
Vintage dynamics matter: the area s average construction year is 1974, and this property s 1973 vintage suggests investors should underwrite ongoing capital planning or value-add scope to keep the asset competitive versus newer supply. Neighborhood occupancy is measured for the neighborhood and not the property; current readings sit below national percentiles, suggesting lease-up and retention will benefit from proactive management and targeted unit-level improvements.
Demographics within a 3-mile radius show modest population growth to date and a projected increase in households, pointing to a larger tenant base ahead. A renter-occupied share near two-fifths in this 3-mile catchment indicates meaningful depth for multifamily demand, with growth trends that can support occupancy stability and renewal performance over time.
Relative to U.S. neighborhoods, this area tracks below national safety percentiles, and its metro rank sits on the weaker half among 710 neighborhoods. Investors should interpret this as a factor that may require stronger onsite management, lighting, and access controls to support resident retention and leasing.
Recent year-over-year estimates indicate increases in both violent and property offense rates at the neighborhood level. While conditions can vary block to block, underwriting should reflect these comparative trends and consider security-focused CapEx and community engagement as operational mitigants.
- Tech Data technology distribution (7.1 miles) HQ
- Raymond James Financial financial services (10.4 miles) HQ
- Jabil Circuit electronics manufacturing (12.2 miles) HQ
- WellCare Health Plans managed care (15.0 miles) HQ
1142 Sunset Point Rd offers a 33-unit footprint in a Clearwater Inner Suburb that combines higher home values with solid daily-needs access, supporting renter demand. According to CRE market data from WDSuite, neighborhood rents benchmark above many areas and ownership costs are elevated, which can underpin pricing power for well-managed assets.
The 1973 vintage creates clear value-add potential through targeted renovations and systems upgrades to compete with newer stock. Demographic statistics aggregated within a 3-mile radius show population growth to date and a projected increase in households, expanding the local renter pool a tailwind for occupancy stability when paired with disciplined lease management. Key risks include below-average neighborhood safety readings and softer neighborhood-level occupancy, both manageable with operational focus and CapEx planning.
- High-cost ownership market supports multifamily demand and pricing power
- 1973 vintage enables value-add and modernization strategies
- 3-mile catchment shows growing households and a deeper renter pool
- Daily-needs access (grocery, parks) anchors livability and retention
- Risk: below-average neighborhood safety and softer occupancy require proactive management