| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 33rd | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1760 Clearwater Largo Rd, Clearwater, FL, 33756, US |
| Region / Metro | Clearwater |
| Year of Construction | 2012 |
| Units | 96 |
| Transaction Date | 2011-04-12 |
| Transaction Price | $1,450,000 |
| Buyer | PINELLAS COMMUNITY HOUSING FOUNDATION IN |
| Seller | 1760 CLEARWATER LARGO RD LLC |
1760 Clearwater Largo Rd Clearwater 96-Unit Multifamily
Newer 2012 construction and larger floor plans suggest retention-friendly fundamentals for workforce renters, according to WDSuite’s CRE market data.
Located in Clearwater, Florida, the property sits between established residential areas and employment corridors that draw steady renter demand. Neighborhood statistics referenced here are aggregated within a 3-mile radius, providing a localized lens for multifamily investors screening comparable assets.
Tenure patterns show a majority owner base with a meaningful renter-occupied share around one-third. For investors, that mix indicates a defined but competitive pool of renters; properties with family-friendly layouts or amenities can capture longer stays and reduce turnover risk.
Demographic trends show a modest population dip in the last five years but a return to population growth is forecast, alongside a sizable increase in households. A rising household count generally expands the tenant base, while slightly smaller average household size can sustain demand for a range of unit types, supporting occupancy stability.
Rents in the surrounding area have risen historically and are projected to continue increasing, while household incomes have also advanced. For underwriting, this combination can support pricing power, though active lease management remains important to balance affordability pressure and retention.
Safety conditions in Clearwater vary by block and corridor. Comparing neighborhoods across the region suggests mixed but generally stable trends in similar residential areas, with commercial frontage seeing typical daytime activity and evening quiet periods. Investors should pair neighborhood-level indicators with property-specific measures such as lighting, access control, and recent loss runs to gauge exposure and operating practices.
As with most urban submarkets, ongoing coordination with local law enforcement and routine building security audits can help sustain resident satisfaction and protect NOI. Reviewing multi-year incident trends for the immediate area is recommended to contextualize any short-term fluctuations.
Nearby corporate employers provide diverse professional and operations roles that support renter demand and commute convenience, notably Tech Data, Raymond James Financial, Jabil Circuit, and Wellcare Health Plans.
- Tech Data — technology distribution (5.5 miles) — HQ
- Raymond James Financial — financial services (8.5 miles) — HQ
- Jabil Circuit — electronics manufacturing (10.2 miles) — HQ
- Wellcare Health Plans — healthcare plans (16.6 miles) — HQ
Built in 2012, this 96-unit asset is newer than much of the local rental stock, offering relative competitiveness versus older properties while leaving room for targeted modernization as systems age. Large average floor plans can broaden appeal to households seeking space, a profile that can support retention and reduce turnover costs.
Within a 3-mile radius, WDSuite’s commercial real estate analysis indicates household growth is projected to outpace recent trends, with rising incomes and continued rent growth supporting revenue management. While the renter-occupied share may edge lower over time amid ownership gains, the absolute increase in households points to a larger tenant base and resilient demand for well-positioned multifamily assets.
- 2012 construction offers competitive positioning versus older stock with selective value-add potential
- Larger average unit sizes align with family and roommate demand, aiding retention
- Forecast household growth within 3 miles supports depth of the renter pool and leasing stability
- Employer proximity across tech, finance, and healthcare underpins steady renter demand
- Risk: rising rents and a gradually higher owner share require careful affordability and renewal management