| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 58th | Good |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1225 S Highland Ave, Clearwater, FL, 33756, US |
| Region / Metro | Clearwater |
| Year of Construction | 2011 |
| Units | 85 |
| Transaction Date | 2005-08-18 |
| Transaction Price | $1,080,000 |
| Buyer | PINE BERRY SENIOR LIMITED PARTNERSHIP |
| Seller | O & P INVESTMENTS OF TAMPA INC |
1225 S Highland Ave Clearwater Multifamily Investment
2011-vintage, 85-unit asset in an inner-suburban location with neighborhood occupancy near the low-90s suggests steady renter demand, according to WDSuite s CRE market data. Positioning benefits from daily-needs retail and parks nearby, supporting retention and leasing consistency.
Located in Clearwater s inner suburbs within the Tampa St. Petersburg Clearwater metro, the neighborhood carries a B rating and ranks 268 out of 710 competitive among Tampa St. Petersburg Clearwater neighborhoods. Daily-needs access is a strength: grocery options are in the top quartile nationally, and parks and restaurants score similarly high, which supports livability and leasing stability.
Neighborhood occupancy stands at 91.6% (measured for the neighborhood, not the property), indicating balanced supply-demand conditions and helping underpin cash flow durability. The area s median home value sits alongside a value-to-income ratio in the top quartile nationally, pointing to a high-cost ownership market that tends to reinforce reliance on rental housing and support pricing power for well-positioned multifamily assets.
Tenure patterns show a modest renter-occupied share within the immediate neighborhood (about one-quarter of units). However, within a 3-mile radius, renter-occupied housing represents roughly two-fifths of units, providing a deeper tenant base for leasing. This broader catchment can help mitigate renewal risk and backfill exposure.
Demographics aggregated within 3 miles indicate recent population growth and an expected increase in households over the next five years, expanding the renter pool and supporting occupancy stability. Household incomes have trended higher while rent levels remain comparatively manageable, which can aid retention and reduce turnover friction for operators.
Safety trends merit monitoring. The neighborhood ranks 556 out of 710 for crime, placing it below the metro median, and the national safety profile is below average. Recent data also indicate an uptick in both property and violent offenses year over year. Investors should underwrite with prudent operating assumptions, focusing on security posture and resident experience to sustain retention.
Comparatively, this profile suggests the area is not among the top quartile nationally for safety. Operators may offset risk through active management, lighting and access controls, and community engagement, aligning expectations with regional norms rather than top-tier safety benchmarks.
Proximity to a diversified employment base supports renter demand and commute convenience, led by technology distribution, financial services, electronics manufacturing services, and managed healthcare employers noted below.
- Tech Data technology distribution (4.7 miles) HQ
- Raymond James Financial financial services (7.9 miles) HQ
- Jabil Circuit electronics manufacturing services (9.7 miles) HQ
- Wellcare Health Plans managed healthcare (14.8 miles) HQ
Built in 2011, this 85-unit property is newer than the neighborhood s average vintage, providing a competitive edge versus older stock across Clearwater s inner suburbs while still warranting routine capital planning as systems age. Neighborhood occupancy around the low-90s, combined with a broader 3-mile renter base, supports leasing durability and rent collections; according to CRE market data from WDSuite, the surrounding area s daily-needs amenities further bolster retention.
Ownership costs in the area are relatively elevated compared to incomes, which typically sustains renter reliance on multifamily housing and can aid pricing power for well-managed assets. Near-term underwriting should remain disciplined on operating expenses and safety posture while leaning into demand supported by nearby employment centers and steady household growth within 3 miles.
- 2011 vintage offers competitive positioning versus older neighborhood stock with potential to capture demand for modernized units.
- Neighborhood occupancy near the low-90s supports income stability (metric reflects neighborhood, not property).
- High-cost ownership context reinforces renter reliance, supporting retention and measured rent growth.
- Diversified nearby employers underpin workforce housing demand and leasing velocity.
- Risks: below-median metro safety ranking and modest immediate renter concentration; underwrite security, marketing reach, and OPEX accordingly.