| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 46th | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3010 58th Ave S, Saint Petersburg, FL, 33712, US |
| Region / Metro | Saint Petersburg |
| Year of Construction | 1984 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3010 58th Ave S, Saint Petersburg Multifamily Investment
Neighborhood data points to sustained renter demand supported by a high-cost ownership market, according to WDSuite’s commercial real estate analysis. Expect tenant depth from a strong renter concentration, while monitoring local occupancy trends.
Located in an Inner Suburb of Saint Petersburg within the Tampa–St. Petersburg–Clearwater metro, the neighborhood carries a B- rating and sits around the metro median overall (ranked 358 of 710). Cafés are a relative strength — top quartile nationally — and grocery access is competitive among Tampa–St. Petersburg–Clearwater neighborhoods (ranked 224 of 710), though parks, pharmacies, and childcare options are limited in the immediate area.
The area’s housing stock skews slightly older on average (1977), while the subject property’s 1984 vintage positions it newer than the neighborhood norm. For investors, that typically means competitive positioning versus 1970s product, with potential to create value through targeted systems upgrades and interior modernization as needed.
Renter-occupied share is high at the neighborhood level (ranked 48 of 710, top decile metro-wide), signaling depth in the tenant base for multifamily. However, reported neighborhood occupancy trails the metro median and has softened modestly in recent years; prudent underwriting should account for leasing velocity and retention management. Elevated home values (around the 77th national percentile) indicate a high-cost ownership market, which can reinforce reliance on rental housing and support pricing power when product is well-positioned.
Within a 3-mile radius, demographics show modest population growth in recent years alongside a larger increase in households, with forecasts pointing to further household expansion and slightly smaller average household sizes by 2028. These trends can expand the renter pool and support occupancy stability, based on CRE market data from WDSuite’s multifamily property research.
Safety indicators suggest the neighborhood performs below the metro median for crime (ranked 269 out of 710 metro neighborhoods). Compared with neighborhoods nationwide, current violent and property offense levels sit in lower national percentiles, but recent year-over-year trends show meaningful declines in both categories, indicating improvement momentum. Investors should frame risk in comparative terms and apply standard operational practices (lighting, access control, and tenant screening) rather than relying on block-level assumptions.
Nearby corporate anchors in technology and financial services broaden the employment base and support renter demand through commute convenience. Key employers include Jabil Circuit, Raymond James Financial, and Tech Data, with additional healthcare-related corporate offices within the wider commute shed.
- Jabil Circuit — electronics manufacturing (10.1 miles)
- Jabil Circuit — electronics manufacturing (10.6 miles) — HQ
- Raymond James Financial — financial services (11.8 miles) — HQ
- Tech Data — technology distribution (14.1 miles) — HQ
- Wellcare Health Plans — managed care (23.2 miles) — HQ
3010 58th Ave S is a 1984-vintage, 20-unit multifamily asset in an Inner Suburb of Saint Petersburg. The property benefits from a high renter concentration in the surrounding neighborhood and a high-cost ownership market, which together suggest a durable tenant base when product is well maintained and competitively positioned. While area occupancy has trailed the metro median, unit layouts here are larger than typical for comparable stock, offering potential leasing appeal and value-add repositioning leverage.
According to CRE market data from WDSuite, cafés and grocery access are relative strengths in the amenity mix, though limited parks, pharmacies, and childcare nearby point to selective amenity gaps investors should weigh in underwriting. Employment nodes anchored by technology and finance within a 10–15 mile commute support leasing fundamentals, and 3-mile demographics indicate expanding households ahead, which can bolster absorption and retention over a multi-year hold.
- Renter-heavy neighborhood supports tenant depth and pricing power with well-positioned product
- 1984 vintage offers value-add potential via targeted system updates and interior refreshes
- Amenity strengths (cafés, groceries) and proximity to major employers underpin leasing
- 3-mile forecasts show household expansion, supporting absorption and retention
- Risks: neighborhood occupancy below metro median and amenity gaps (parks, pharmacies, childcare)