| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 32nd | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1255 Jeffords St, Clearwater, FL, 33756, US |
| Region / Metro | Clearwater |
| Year of Construction | 1973 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1255 Jeffords St Clearwater Multifamily Investment Context
Amenity-rich neighborhood dynamics and a moderate renter base suggest steady tenant demand, based on CRE market data from WDSuite. The property’s 1973 vintage offers competitive positioning versus older nearby stock while leaving room for targeted modernization.
Located in Clearwater’s inner-suburban fabric of the Tampa–St. Petersburg–Clearwater metro, the neighborhood ranks 279 out of 710 metro neighborhoods (B rating), placing it above the metro median. Amenity access is a relative strength: the area is competitive among Tampa–St. Petersburg–Clearwater neighborhoods for amenities (rank 26 of 710) and sits above national norms, with particularly dense access to parks, groceries, pharmacies, and cafes. For investors, this supports day-to-day convenience and can bolster retention.
At the neighborhood level, occupancy trends are below national averages, which calls for disciplined leasing and renewal management. However, the share of renter-occupied housing units is meaningful at 29.1%, indicating a moderate renter concentration and a defined tenant base for small multifamily assets. Elevated home value-to-income ratios (top decile nationally) characterize a higher-cost ownership market, which can sustain reliance on rentals and support pricing power when units are well-positioned.
Demographic statistics aggregated within a 3-mile radius indicate modest population growth over the past five years and a larger increase in households, pointing to a gradually expanding renter pool. Forecasts through 2028 show further gains in population and households, which supports occupancy stability and absorption for well-managed communities.
Vintage matters for competitive positioning. The subject’s 1973 construction is slightly newer than the neighborhood’s average vintage, suggesting relative appeal versus older stock while still warranting continued capital planning for aging systems and selective value-add upgrades to capture demand.
Safety indicators at the neighborhood level are weaker than both metro and national benchmarks, with the area positioned in the lower tiers among Tampa–St. Petersburg–Clearwater neighborhoods (ranked 566 of 710) and below the national median by percentile. Recent estimates also point to year-over-year increases in both property and violent offense rates. For underwriting, this argues for prudent security measures, thoughtful tenant screening, and rent positioning that reflects local comparables rather than best-in-class submarkets.
Nearby corporate employment nodes provide diversified demand drivers and commute convenience for renters, notably in technology distribution, financial services, electronics manufacturing, and healthcare insurance—key employers listed below support leasing durability for workforce-oriented units.
- Tech Data — technology distribution (5.3 miles) — HQ
- Raymond James Financial — financial services (8.5 miles) — HQ
- Jabil Circuit — electronics manufacturing (10.3 miles) — HQ
- Wellcare Health Plans — healthcare insurance (15.4 miles) — HQ
This Clearwater asset aligns with an amenity-forward inner-suburban location where renter demand is supported by a meaningful renter-occupied share and a high-cost ownership backdrop. According to CRE market data from WDSuite, neighborhood amenities score competitively within the metro and above national norms, which can aid retention and leasing velocity when units are positioned correctly.
Built in 1973, the property is somewhat newer than the neighborhood average, offering relative competitiveness versus older stock while still requiring ongoing capital planning and selective renovations. Investor focus should balance these strengths against neighborhood-level risks: occupancy performance trails national benchmarks, rent-to-income ratios signal potential affordability pressure, and safety indicators are below average—factors that warrant conservative underwriting and proactive operations.
- Amenity-dense location supports tenant retention and leasing momentum.
- 1973 vintage offers value-add upside while competing well against older nearby stock.
- Higher-cost ownership market reinforces reliance on rentals, supporting demand depth.
- Regional employers in finance, technology, and healthcare broaden the renter pool.
- Risks: below-average neighborhood occupancy, affordability pressure, and safety require disciplined leasing, security, and expense planning.