| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Poor |
| Demographics | 48th | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7825 54th Ave N, Saint Petersburg, FL, 33709, US |
| Region / Metro | Saint Petersburg |
| Year of Construction | 1995 |
| Units | 76 |
| Transaction Date | 1994-08-19 |
| Transaction Price | $381,300 |
| Buyer | HOLY CROSS HOUSING INC |
| Seller | FAVALORA JOHN C |
7825 54th Ave N St. Petersburg Multifamily Investment
Positioned in an inner-suburban pocket with steady renter demand and daily-needs access, this asset benefits from improving neighborhood occupancy and proximity to major employers, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb of Saint Petersburg where neighborhood occupancy is in the low‑80s and has moved higher over the past five years, supporting stable leasing fundamentals. Daily-needs access is a relative strength: grocery and pharmacy density score well compared with neighborhoods nationwide, while restaurants are also better than average. Parks, cafes, and childcare are less concentrated locally, so resident appeal hinges more on convenience retail and employment access than lifestyle amenities.
At the neighborhood level, the median home price sits below many U.S. neighborhoods, yet home values are elevated relative to local incomes, which can sustain reliance on multifamily rentals and support retention. Rents in the area track near national medians, with rent-to-income levels indicating manageable affordability pressure—favorable for lease renewals and consistent occupancy.
The building’s 1995 vintage is newer than the area’s typical housing stock from the late 1970s, offering a competitive edge versus older comparables while leaving room for targeted modernization of interiors and systems to drive value-add returns.
Within a 3-mile radius, demographics point to a broad, mixed-age tenant base and a renter-occupied share around one-quarter of housing units. Recent trends show flat population but modest household growth, and forward-looking projections indicate notable increases in both households and incomes by the next five years—implying a larger tenant base and support for rent growth and occupancy stability.
Safety metrics are mixed in context. Compared with neighborhoods nationwide, recent violent-offense rates track slightly better than average, while property-offense rates sit near the national midpoint. At the metro level, conditions are broadly comparable to many Tampa–St. Petersburg–Clearwater neighborhoods. Investors should underwrite to submarket-level trends and property-specific controls (lighting, access, and management practices) rather than block-level assumptions.
Nearby corporate offices provide a diversified employment base that supports workforce housing demand and commute convenience, led by Jabil Circuit, Raymond James Financial, Tech Data, and Wellcare Health Plans.
- Jabil Circuit — corporate offices (6.3 miles)
- Raymond James Financial — corporate offices (6.5 miles) — HQ
- Jabil Circuit — corporate offices (6.8 miles) — HQ
- Tech Data — corporate offices (6.9 miles) — HQ
- Wellcare Health Plans — corporate offices (18.8 miles) — HQ
This 76‑unit asset offers durable renter demand in an inner-suburban location with strong daily-needs access and improving neighborhood occupancy. The 1995 construction is comparatively newer than the area’s late‑1970s average, positioning the property to compete on quality while leaving room for targeted renovations to enhance rents and retention. Within a 3‑mile radius, household counts and incomes are projected to rise meaningfully, expanding the tenant base and supporting long‑term leasing stability.
According to CRE market data from WDSuite, local rents and rent-to-income levels indicate manageable affordability pressure, which can aid renewal rates even as ownership remains a high‑cost option relative to incomes. Proximity to major employers underpins weekday demand, while thinner lifestyle amenities suggest an operational focus on convenience, security, and on‑site services to support resident satisfaction.
- Inner-suburban location with improving neighborhood occupancy and strong daily-needs access
- 1995 vintage offers relative competitiveness plus value‑add potential through targeted upgrades
- 3‑mile demographics point to growth in households and incomes, supporting renter demand
- Employer proximity (Jabil, Raymond James, Tech Data) reinforces leasing and retention
- Risks: lighter park/cafe/childcare presence and mixed safety metrics require active management