| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 82nd | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1800 4th St S, Saint Petersburg, FL, 33705, US |
| Region / Metro | Saint Petersburg |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1800 4th St S, Saint Petersburg Multifamily
Investor overview for a 20-unit asset in Saint Petersburg: neighborhood renter demand and income metrics point to stable leasing potential, according to WDSuite’s CRE market data.
Livability and demand signals around 1800 4th St S are mixed but investable. The neighborhood carries a C+ rating and ranks 473 out of 710 Tampa–St. Petersburg–Clearwater neighborhoods, placing it below the metro median. Within a 3-mile radius, median household income is healthy and rising, and the renter-occupied share is about 46%, supporting depth of the tenant base for small-unit product.
Rents in the immediate neighborhood sit in the upper tier for the metro (rank 167 of 710; top quartile nationally), and the rent-to-income ratio of 0.18 suggests manageable affordability pressure that can aid retention and occupancy management. Median home values are elevated for the area, which typically sustains reliance on multifamily housing and can support pricing power when operations are well-managed.
Local amenity density inside the neighborhood is limited (few cafes, groceries, parks, or pharmacies recorded), so residents likely tap nearby commercial corridors for daily needs. Demographic statistics aggregated within a 3-mile radius show households have grown over the past five years even as average household size edged down, expanding the potential renter pool. Forward-looking projections indicate additional population and household growth by 2028, which would support leasing velocity and occupancy stability if realized.
The neighborhood’s average construction year skews older (1944), while the subject’s 1987 vintage is newer than much of the surrounding stock—generally a competitive factor versus pre-war buildings—though systems may still benefit from targeted modernization to sharpen positioning.
Neighborhood occupancy is comparatively soft (rank 618 of 710), indicating leasing may require active management and thoughtful concessions during slower periods. Even so, strong educational attainment (top decile nationally) and above-median incomes in the area create a viable base for stabilized operations when the asset is aligned to local price points.
Safety indicators for the neighborhood are weaker than both metro and national norms. Overall crime sits in a low national percentile, and violent offense metrics are also in the lower deciles nationwide, signaling a below-average safety profile. Investors should plan for proactive security measures and resident experience programming to support retention.
On trend, property offenses show a recent year-over-year decline, which suggests some moderation in non-violent incidents. As always, safety conditions can vary block to block; underwriting should focus on on-site measures, lighting and access controls, and leasing policies that reflect current local conditions.
The area draws on a diverse employment base that supports renter demand through commute convenience, notably in electronics manufacturing, financial services, IT distribution, and healthcare. Key nearby employers include Jabil Circuit, Raymond James Financial, Tech Data, Cardinal Health, and Wellcare Health Plans.
- Jabil Circuit — electronics manufacturing (8.0 miles) — HQ
- Raymond James Financial — financial services (9.4 miles) — HQ
- Tech Data — IT distribution (12.2 miles) — HQ
- Cardinal Health — healthcare distribution (19.3 miles)
- Wellcare Health Plans — managed care (20.1 miles) — HQ
This 20-unit 1987-vintage property offers smaller average unit sizes (about 305 sq. ft.), positioning it for value-conscious renters and potential per-square-foot pricing advantages. The asset is newer than much of the surrounding neighborhood stock, which can enhance competitiveness versus older buildings while leaving room for targeted upgrades to mechanicals, interiors, and common areas. According to CRE market data from WDSuite, neighborhood rents benchmark in the metro’s upper tier and home values are elevated locally—conditions that typically sustain rental demand and support pricing for well-operated assets.
Counterpoints include comparatively soft neighborhood occupancy (below the metro median) and a lower national safety percentile, both of which call for strong asset management, prudent underwriting, and security-forward operations. Demographic statistics aggregated within a 3-mile radius indicate household growth and rising incomes, with projections pointing to further population and household expansion—tailwinds for tenant demand, leasing velocity, and retention if realized.
- 1987 vintage newer than neighborhood average, with value-add potential via targeted modernization
- Metro-upper-tier rents and elevated local home values support sustained multifamily demand
- 3-mile household growth and income gains underpin a deeper tenant base and leasing stability
- Risks: softer neighborhood occupancy and below-average safety require active management and prudent underwriting