| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 40th | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1108 Bartow Rd, Lakeland, FL, 33801, US |
| Region / Metro | Lakeland |
| Year of Construction | 1975 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1108 Bartow Rd Lakeland Multifamily Value-Add Opportunity
Neighborhood renter demand is supported by a balanced renter-occupied housing base and improving incomes, according to WDSuite s CRE market data, while current occupancy softness offers potential lease-up upside.
Rated A and positioned in the Inner Suburb cluster, the neighborhood ranks 21 out of 184 in the Lakeland Winter Haven metro, placing it in the top quartile among metro neighborhoods. Parks and grocery access score in the upper national percentiles, while childcare density is especially strong, indicating daily convenience that supports retention. Caf e9 and pharmacy options are thinner locally, suggesting some tenants may look to nearby districts for those services.
For schools, the average rating trends slightly above national norms, which can help stabilize family renter demand. Rents in the neighborhood sit near national mid-range levels with steady five-year growth, and multifamily property research from WDSuite points to a renter-occupied share around one-half of housing units a broad tenant base that typically supports leasing velocity.
Within a 3-mile radius, recent population and household counts have trended modestly upward, with forecasts indicating further population growth and a notable increase in households through 2028. A shift toward smaller average household size is expected, which generally expands the renter pool and can support occupancy stability for well-located mid-scale assets.
Home values track in a higher national percentile relative to local incomes, signaling a high-cost ownership market for many households. In investor terms, elevated ownership costs often sustain reliance on multifamily housing, reinforcing pricing power and lease retention for competitively positioned properties.
The neighborhood occupancy rate is currently in the mid-70s and has softened versus five years ago, which underscores the need for active leasing and asset differentiation. However, the area s amenity mix and demographic backdrop suggest that well-executed renovations and professional management can capture share as household growth materializes.
Safety indicators compare favorably at the national level, with both property and violent offense measures in higher national percentiles (safer than many neighborhoods nationwide) and showing meaningful one-year declines, based on CRE market data from WDSuite. This trend framing is neighborhood-wide and should be weighed alongside property-level security and management practices.
Within the metro context, safety conditions can vary by corridor. Investors should underwrite with comparative data for peer neighborhoods and emphasize practical measures lighting, access control, and community standards to align on-the-ground experience with the positive national trend signals.
Proximity to major employers supports a diverse workforce tenant base and commute convenience. Nearby anchors include grocery retail headquarters, industrial chemicals, agriculture, and financial/insurance offices all reflected below.
- Publix Super Markets grocery retail HQ (5.3 miles) HQ
- Mosaic agriculture & mining (16.1 miles)
- Airgas Specialty Products industrial gases/chemicals (24.7 miles)
- MetLife Insurance Company insurance services (27.8 miles)
- Cardinal Health healthcare distribution (28.0 miles)
Built in 1975, this 120-unit asset is newer than much of the area s older housing stock, offering a competitive baseline against mid-century properties while leaving room for modernization to capture value-add upside. According to CRE market data from WDSuite, neighborhood occupancy is currently soft, but renter concentration near one-half of housing units and steady rent growth indicate a durable tenant base that can support lease-up with targeted renovations and professional management.
Within a 3-mile radius, population has edged up and households are projected to grow further as average household size trends lower a setup that typically expands the renter pool. Elevated ownership costs relative to incomes in the neighborhood context reinforce reliance on rental housing, which can underpin pricing power for well-positioned assets.
- 1975 vintage offers value-add potential versus older local stock while remaining competitive post-renovation.
- Balanced renter-occupied share signals a broad tenant base to support leasing and retention.
- Household growth and smaller household sizes within 3 miles expand the renter pool and support occupancy stability.
- Higher ownership costs in the neighborhood context support sustained multifamily demand and potential pricing power.
- Risk: neighborhood occupancy is currently soft; execution relies on targeted renovations, active leasing, and expense control.