| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 31st | Poor |
| Amenities | 35th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1770 N Betty Ln, Clearwater, FL, 33755, US |
| Region / Metro | Clearwater |
| Year of Construction | 1983 |
| Units | 101 |
| Transaction Date | 2022-06-30 |
| Transaction Price | $13,580,000 |
| Buyer | CLEAR BAY TERRACE VOA AFFORDABLE HOUSING LP |
| Seller | CLEARWATER VOLUNTEERS OF AMERICA ELDERLY |
1770 N Betty Ln Clearwater Multifamily Investment
Neighborhood occupancy sits near the metro median and renter demand is supported by a meaningful renter-occupied base, according to WDSuite’s CRE market data. Newer 1983 vintage relative to nearby housing stock positions the asset to compete with older comparables while leaving room for targeted upgrades.
This Inner Suburb location in Clearwater balances daily needs with access to the broader Tampa–St. Petersburg–Clearwater metro. Grocery access is a relative strength (competitive among 710 metro neighborhoods), while restaurants are adequate and cafes, parks, and pharmacies are limited. Investors should underwrite modest on-site amenity appeal and emphasize convenience to employment corridors rather than walkable retail.
Neighborhood-level occupancy is around the metro median, supporting stable leasing conditions without relying on outsized rent growth. The area’s renter-occupied share indicates a solid tenant base, which can translate into steady demand for studios and smaller floor plans typical of workforce housing.
Construction skews older locally (average 1964), making a 1983 asset relatively newer than much of the surrounding stock. That positioning can help leasing versus vintage peers, while still warranting capital planning for aging systems and common-area improvements to sustain competitiveness.
Within a 3-mile radius, demographics show recent population and household growth with stronger five-year projections, pointing to a larger tenant base over time. Median home values sit near the national middle, but ownership looks comparatively high-cost relative to incomes; that context tends to sustain reliance on multifamily rentals and can support pricing power. Rent-to-income in the neighborhood reads on the lower side nationally, which can aid retention and reduce turnover risk for well-managed properties. School ratings trend below average, a consideration for family-oriented demand profiles.
Safety indicators for the neighborhood track below national and metro averages, with rankings placing it in the lower tiers among 710 Tampa–St. Petersburg–Clearwater neighborhoods. Nationally, the area falls below the midrange on comparative safety percentiles, reflecting elevated property and violent incident rates relative to many U.S. neighborhoods.
For investors, this suggests underwriting for professional security measures, lighting, and resident-screening best practices, and prioritizing visibility and maintenance to support resident comfort and retention over the hold period.
Proximity to regional corporate anchors underpins renter demand through diverse white-collar employment, with convenient commutes to technology distribution, financial services, electronics manufacturing, and healthcare insurance hubs.
- Tech Data — IT distribution (6.6 miles) — HQ
- Raymond James Financial — financial services (9.9 miles) — HQ
- Jabil Circuit — electronics manufacturing (11.7 miles) — HQ
- Wellcare Health Plans — healthcare insurance (14.7 miles) — HQ
With 101 units built in 1983, the property is newer than much of the surrounding housing stock, supporting competitive positioning versus older assets while leaving room for targeted value-add. Neighborhood occupancy trends near the metro median, and a meaningful renter-occupied share supports depth of demand for smaller formats and workforce-oriented pricing.
Within a 3-mile radius, recent household and population growth with stronger five-year projections points to renter pool expansion, which can support occupancy stability and rent setting. Elevated ownership costs relative to incomes in the neighborhood reinforce reliance on rentals, while lower neighborhood rent-to-income ratios suggest manageable affordability pressure that can aid retention, based on commercial real estate analysis from WDSuite.
- 1983 vintage offers competitive positioning versus older local stock with clear modernization and value-add levers
- Neighborhood occupancy near metro median supports stable leasing and cash flow visibility
- 3-mile growth outlook expands the tenant base, supporting sustained demand and pricing power
- Risks: below-average safety and school ratings, and limited nearby amenities warrant active management and resident-experience investments