| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 69th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2025 Rogers St, Clearwater, FL, 33764, US |
| Region / Metro | Clearwater |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | 2020-05-29 |
| Transaction Price | $212,500 |
| Buyer | ROGERS STREET 2025 LLC |
| Seller | ZLOTOLOW EMANUEL DAVID |
2025 Rogers St Clearwater Multifamily Investment
Positioned in an inner-suburb pocket of Clearwater with strong amenity access and steady renter demand, this 72-unit asset offers pragmatic value-add potential. Neighborhood fundamentals rank competitively in the Tampa–St. Petersburg–Clearwater metro, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb location that scores among the highest-rated Tampa–St. Petersburg–Clearwater neighborhoods (ranked 14 out of 710 with an A+ neighborhood rating). Amenity access is a clear strength: neighborhood measures for groceries, dining, parks, and pharmacies are in the national top decile, supporting daily convenience and broad lifestyle appeal that can aid leasing and retention.
School quality in the surrounding area trends favorable, with an average rating that places the neighborhood competitive among 710 metro peers and within the top quartile nationally. For investors, better-rated schools can help sustain family renter demand and reduce turnover risk, even as renter preferences evolve.
Renter-occupied housing within a 3-mile radius represents a meaningful share of units (about two-fifths), signaling a sizable tenant base for multifamily operators. Over the past five years, the local population and household counts within 3 miles have grown, and projections point to continued increases in households, indicating a larger tenant base and support for occupancy stability over the medium term.
Median contract rents in the neighborhood have risen notably over five years while the neighborhood occupancy rate sits below national averages. This mix suggests operators can compete on product quality and management execution: renovations and targeted marketing can help capture demand from income growth in the area and from households who remain in the rental market rather than pursuing ownership. Home values in the neighborhood trend above many U.S. areas, and along with a moderate rent-to-income profile, this supports ongoing reliance on multifamily housing and measured pricing power for well-positioned assets.
Vintage matters here: built in 1973, the property predates the neighborhood’s average construction year (early 1980s). That age profile points to capital planning needs but also creates value-add and modernization opportunities to differentiate from older stock and better compete with newer product.
Safety metrics for the neighborhood are mixed relative to broader benchmarks. Based on WDSuite’s data, the area trends below national averages on several measures, indicating investors should underwrite prudent security, lighting, and operational protocols and monitor local trendlines. Within the Tampa–St. Petersburg–Clearwater metro (710 neighborhoods), the neighborhood’s standing suggests it is not among the metro’s strongest on safety, so operators may emphasize property-level improvements and resident engagement to support retention.
Nearby corporate offices form a diversified employment base across technology distribution, financial services, electronics manufacturing, and managed care—supporting commute convenience and reinforcing renter demand from professionals working in these hubs.
- Tech Data — technology distribution (4.0 miles) — HQ
- Raymond James Financial — financial services (7.2 miles) — HQ
- Jabil Circuit — electronics manufacturing (9.0 miles) — HQ
- Wellcare Health Plans — managed care (13.4 miles) — HQ
2025 Rogers St offers a scale-efficient, 72‑unit footprint in an Inner Suburb location that ranks among the metro’s strongest, with top-decile amenity access and favorable school context supporting leasing appeal. The 1973 vintage is older than the area average, creating clear value-add pathways through unit/interior upgrades and systems modernization to enhance competitiveness and capture demand from a growing 3-mile renter pool.
Neighborhood rent trends have been constructive over the past five years, while home values and income growth in the area help sustain reliance on multifamily housing. According to CRE market data from WDSuite, occupancy within the neighborhood tracks below national norms, so execution—asset improvements, targeted marketing, and disciplined leasing—will be central to driving stability and rent realization.
- Inner Suburb location ranked among the metro’s highest-rated areas, with strong amenity and school context supporting tenant appeal.
- 1973 vintage provides tangible value-add potential via renovations and building system upgrades to close the competitive gap.
- Expanding 3-mile household base indicates a larger tenant pool, supporting occupancy and leasing over the medium term.
- Neighborhood rent growth has trended positive, enabling well-positioned assets to pursue measured pricing with careful lease management.
- Risks: neighborhood safety metrics below national averages and occupancy headwinds require proactive operations and prudent capex/underwriting.