| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 51st | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7045 30th Ave N, Saint Petersburg, FL, 33710, US |
| Region / Metro | Saint Petersburg |
| Year of Construction | 1974 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7045 30th Ave N St. Petersburg Multifamily Opportunity
In an inner-suburb location where neighborhood occupancy has trended higher and rents have advanced, according to WDSuite’s CRE market data, this asset offers exposure to steady renter demand relative to nearby ownership. Metrics cited reflect neighborhood conditions, not the property.
The property sits in an inner-suburb area of Saint Petersburg that is competitive among Tampa–St. Petersburg–Clearwater neighborhoods (ranked 255 of 710 overall, B+). Amenity access is a relative strength: restaurants and cafes are dense for the metro (restaurant density ranked 35 of 710; cafe density ranked 4 of 710), and grocery and pharmacy access also outperform most peers (both above the metro median). Park and childcare access are thinner (both ranked 710 of 710), a trade-off to factor into tenant profile and marketing.
Rents in the surrounding neighborhood are above national medians and have grown over the past five years, supporting revenue durability. Neighborhood occupancy has improved and sits near the metro middle, which typically supports stable lease-up and retention for well-managed assets. Home values are elevated versus household incomes in the area, which can sustain rental demand by keeping many households engaged with multifamily options rather than ownership.
Within a 3-mile radius, demographics show a modest population dip in recent years but a projected increase ahead, with households expected to expand and average household size trending smaller. For investors, that points to a larger tenant base over time and continued depth for one- and two-bedroom product. The surrounding area skews more owner-occupied (about one-quarter of units are renter-occupied within 3 miles), implying a thinner but potentially stable renter pool that values proximity to jobs and services.
School quality in the neighborhood rates on the lower side for the metro, which may tilt demand toward adult, roommate, or downsizing households rather than families prioritizing school ratings. Even so, dining and daily-needs convenience, coupled with inner-suburban access, provide a livability foundation that supports multifamily leasing fundamentals.
Safety metrics for the neighborhood are mixed when viewed against national benchmarks. Overall crime performance trends below national averages (crime safety is in a lower national percentile), but recent data shows improvement in property offense rates over the past year, indicating momentum in the right direction. These statistics describe the neighborhood, not the subject property.
Within the metro context, the area sits around the middle of Tampa–St. Petersburg–Clearwater neighborhoods (crime rank 371 out of 710), suggesting neither an outlier risk nor a top-tier safety profile. Investors should underwrite security line items and resident experience accordingly while noting the positive year-over-year trend in property-related offenses.
Proximity to major employers supports renter retention and leasing stability, particularly for professionals in electronics manufacturing, financial services, IT distribution, and managed care. Nearby employers include Jabil Circuit, Raymond James Financial, Tech Data, and WellCare.
- Jabil Circuit — electronics manufacturing (7.2 miles) — HQ
- Raymond James Financial — financial services (7.3 miles) — HQ
- Tech Data — IT distribution (8.3 miles) — HQ
- Wellcare Health Plans — managed care (19.7 miles) — HQ
- Cardinal Health — healthcare distribution (23.7 miles)
Built in 1974, the asset is slightly newer than the neighborhood’s average vintage and may compete well against older nearby stock, while still warranting targeted system upgrades or interior refreshes for value-add potential. Demand drivers are supported by neighborhood-level rent growth and improving occupancy, and, according to CRE market data from WDSuite, amenity access compares favorably within the metro, which can aid leasing velocity.
Investor considerations include an owner-leaning housing base within 3 miles (smaller renter pool), lower-rated neighborhood schools, and safety metrics that trail national norms—balanced by a notable recent improvement in property offenses, strong access to daily needs, and proximity to large employment nodes. Forward-looking household expansion within 3 miles points to a widening tenant base, supporting occupancy stability for well-positioned, renovated units.
- Inner-suburb location with strong dining/grocery access supporting leasing fundamentals
- 1974 vintage offers value-add and competitive positioning versus older local stock
- Neighborhood rent growth and improving occupancy underpin revenue durability
- Nearby headquarters (electronics, finance, IT distribution, managed care) bolster renter demand
- Risks: smaller renter pool, lower school ratings, and below-national safety metrics warrant prudent underwriting