| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Poor |
| Demographics | 27th | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1841 George Jenkins Blvd, Lakeland, FL, 33815, US |
| Region / Metro | Lakeland |
| Year of Construction | 1978 |
| Units | 101 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1841 George Jenkins Blvd, Lakeland FL Multifamily Investment
Stabilizing renter demand in an inner-suburban Lakeland neighborhood with improving occupancy trends, according to WDSuite’s CRE market data, supports a steady operating outlook for a 101-unit asset. The property’s 1978 vintage is newer than the area’s older housing stock, aiding competitiveness with room for targeted modernization.
The neighborhood rates B and sits above the metro median (70 of 184 Lakeland–Winter Haven neighborhoods), signaling balanced fundamentals for workforce housing. Grocery and daily-needs access is a relative strength, with neighborhood grocery and restaurant density ranking near the top of the metro, while park and cafe options are limited — a trade-off typical of inner-suburban corridors. Rents in the neighborhood trend below many U.S. neighborhoods, which can aid lease retention and absorption for value-focused properties.
Occupancy in the neighborhood has improved in recent years and remains in a mid-range nationally, per WDSuite’s CRE market data. A higher share of housing units are renter-occupied than in most neighborhoods nationwide, pointing to a deeper tenant base and potential for steadier leasing even through seasonal swings. The area’s median construction year skews older than the subject property, which can position a 1978 asset as relatively competitive against aging stock, while still benefiting from selective upgrades to capture rent premiums.
Within a 3-mile radius, current data indicates modest population softness but a slight increase in household counts — a pattern consistent with smaller household sizes. Forward-looking projections point to population growth and a notable increase in households over the next several years, implying a larger tenant base and support for occupancy stability. As household income distribution shifts upward in forecasts, operators may find opportunities to calibrate unit mix and renovations to demand.
Homeownership costs in the immediate neighborhood are lower than in many U.S. areas, which can introduce competition from entry-level ownership. For multifamily operators, this means focusing on value, convenience, and renovated finishes to sustain pricing power and minimize turnover. Access to pharmacies and childcare ranks high within the metro, supporting day-to-day livability for residents and reinforcing retention.
Safety indicators for the neighborhood track around the national mid-range overall, with trends that vary by category. Relative to the 184 neighborhoods in the Lakeland–Winter Haven metro, overall crime sits near the middle of the pack, and recent data shows property offenses declining while violent offenses ticked up year over year. Investors should underwrite with standard operational measures (lighting, access control, coordination with local services) and monitor trend direction rather than a single snapshot.
Nearby employers provide a diversified employment base that supports renter demand and commute convenience, including Publix Super Markets, Mosaic, MetLife Insurance Company, Cardinal Health, and Airgas Specialty Products.
- Publix Super Markets — corporate headquarters (3.2 miles) — HQ
- Mosaic — mining & chemicals offices (15.9 miles)
- MetLife Insurance Company — insurance (24.5 miles)
- Cardinal Health — healthcare distribution (25.4 miles)
- Airgas Specialty Products — industrial gases (27.2 miles)
This 101-unit, 1978-vintage asset benefits from a renter-oriented neighborhood where occupancy has strengthened and daily-needs access is solid, according to CRE market data from WDSuite. The property is newer than much of the area’s housing stock, offering competitive positioning with scope for targeted renovations to enhance rentability and retention.
Within a 3-mile radius, forecasts indicate population growth and a sizable increase in households alongside smaller household sizes — dynamics that typically expand the renter pool and support occupancy stability. While lower local ownership costs can compete with rentals, the neighborhood’s higher renter concentration and improving operations suggest durable demand for well-managed units.
- Renter-oriented location with improving neighborhood occupancy supporting stable leasing
- 1978 vintage newer than area average — competitive today with renovation upside
- Strong access to groceries, pharmacies, and childcare aids day-to-day livability and retention
- 3-mile forecasts show household growth and smaller household sizes, expanding the renter pool
- Risk: lower ownership costs nearby create competition — focus on value-add and service quality to sustain pricing power