| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 25th | Poor |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7101 53rd St N, Pinellas Park, FL, 33781, US |
| Region / Metro | Pinellas Park |
| Year of Construction | 1995 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7101 53rd St N, Pinellas Park Multifamily Investment
Neighborhood occupancy is solid and renter demand is supported by nearby employment nodes, according to WDSuite’s CRE market data. The property’s 24 units and average 795 sq. ft. layouts position it for stable leasing in an inner-suburban location.
Pinellas Park’s inner-suburban setting offers day-to-day convenience that supports resident retention. Grocery access scores well versus national peers, with dining and pharmacies also comparatively dense. Park access is limited within the immediate neighborhood, so on-site open space and proximity to regional amenities can matter for leasing.
The neighborhood rates above the metro median among 710 Tampa–St. Petersburg–Clearwater neighborhoods, with occupancy around 95% and trending higher than national averages based on CRE market data from WDSuite. Median contract rents register near the national midpoint while showing sustained multi‑year growth, suggesting room for steady pricing without overreaching.
The area skews more ownership‑oriented, with roughly 31% of housing units renter‑occupied at the neighborhood level. For investors, that indicates a moderate renter pool and potential stability rather than sharp turnover cycles, especially for well‑maintained product. Elevated value‑to‑income ratios locally point to a high‑cost ownership market relative to incomes, which can reinforce renter reliance on multifamily housing and support pricing power for competitive assets.
Within a 3‑mile radius, the population base is sizable and is projected to expand, with household counts expected to rise and average household size to edge lower. That combination typically grows the tenant base and supports occupancy stability. School ratings are mixed across the metro, and while specific campus scores are not highlighted here, access to childcare options in the neighborhood ranks well nationally, complementing family‑oriented renter demand.
Neighborhood safety indicators benchmark modestly better than national averages overall, per WDSuite. Recent trend data shows meaningful year‑over‑year declines in both property and violent incident rates, an improving trajectory that supports renter confidence and lease retention without overstating block‑level conditions.
As with any inner‑suburban location, safety can vary by street and time of day. Owners who maintain lighting, access control, and visibility typically see the benefits reflected in resident satisfaction and renewal behavior.
Proximity to major corporate offices broadens the professional renter base and supports weekday leasing stability, with commute‑friendly access to financial services, electronics manufacturing, and technology distribution employers.
- Jabil Circuit — corporate offices (4.1 miles) — HQ
- Raymond James Financial — financial services (4.1 miles) — HQ
- Tech Data — technology distribution (5.5 miles) — HQ
- Wellcare Health Plans — healthcare insurance (16.5 miles) — HQ
Built in 1995, the asset is newer than much of the surrounding housing stock, which can enhance competitiveness versus older product while leaving room for targeted modernization of interiors and building systems. Neighborhood occupancy trends are healthy and above national norms, while ownership costs relative to income remain elevated, helping sustain renter reliance on multifamily housing. Based on CRE market data from WDSuite, rent levels sit near national midpoints with multi‑year growth, supporting a case for steady income performance rather than outsized volatility.
Within a 3‑mile radius, forecasts point to population growth and a notable increase in household counts alongside smaller household sizes — dynamics that typically expand the renter pool and support occupancy stability. The inner‑suburban location provides everyday retail access and regional employment connectivity, though limited park access locally suggests on‑site amenities and curb appeal can be differentiators.
- Newer 1995 vintage versus neighborhood average supports competitive positioning with selective value‑add potential
- Healthy neighborhood occupancy and moderate rent levels underpin stable cash flow prospects
- 3‑mile outlook shows growing households and a larger tenant base, supporting leasing and retention
- Risk: limited nearby park access and maturing building systems may require amenity planning and targeted capex