| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Fair |
| Demographics | 43rd | Best |
| Amenities | 33rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 156 Westwood Dr, Interlachen, FL, 32148, US |
| Region / Metro | Interlachen |
| Year of Construction | 1994 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
156 Westwood Dr, Interlachen FL Multifamily Investment
Neighborhood occupancy has trended upward and rent burden is low, suggesting steady retention potential according to WDSuite’s CRE market data. Projections point to a larger local renter pool, supporting durable leasing for a smaller-scale asset.
The property sits in a rural pocket of the Palatka, FL metro where the neighborhood is rated A and ranks 5th of 36 neighborhoods — top quartile among Palatka neighborhoods. That positioning reflects stable housing dynamics despite limited nearby retail and services.
Within a 3-mile radius, demographics show modest recent population growth with a notable increase in households and a gradual reduction in average household size. This combination typically expands the tenant base, supporting occupancy stability for multifamily assets.
Renter-occupied housing is a minority share locally, indicating a market where homeownership is common. For investors, a lower renter concentration means demand can be more needs-based and less transient; however, leasing strategies should account for resident retention rather than rapid turnover.
Ownership costs in the area are relatively accessible compared with national norms, which can create competition with renting and temper pricing power. Counterbalancing this, the neighborhood’s rent-to-income profile ranks in the top national percentiles, signaling lower affordability pressure on tenants and favorable renewal dynamics.
Amenities are sparse — few cafes and limited dining density — though basic necessities such as pharmacies and parks track closer to national mid-range levels. Average school ratings are on the lower end for the neighborhood, which may influence demand from families and should be reflected in unit mix and marketing.
Comparable neighborhood safety data is not available in WDSuite for this location at the time of publication. Investors should benchmark conditions against the broader Palatka metro and rely on trend-based, area-level indicators rather than block-level assumptions.
As with any rural submarket, it is prudent to review recent law-enforcement and municipal reports, assess property-level security measures, and compare to peer neighborhoods across the metro for context.
The immediate employment base is dispersed, aligning with a workforce housing profile; nearby jobs are accessible by regional drives, which can still support renter demand and lease retention for value-focused units. Notable employer in the wider commutable radius includes:
- Anixter — distribution and industrial supplies (40.7 miles)
Built in 1994, the asset is newer than much of the local housing stock, offering competitive positioning versus older properties while leaving room for targeted systems modernization or light value-add. Neighborhood occupancy has improved over the last five years, and the rent-to-income profile is strong, which can support resident retention and limit concessions, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, population growth alongside a faster increase in households points to renter pool expansion and supports steady absorption for a 29-unit community. The rural setting, lower amenity density, and relatively accessible ownership costs warrant disciplined leasing and asset management, but fundamentals indicate durable demand at attainable rent levels.
- 1994 vintage offers competitive positioning versus older local stock with room for selective upgrades
- Neighborhood occupancy has trended higher, supporting income stability
- 3-mile household growth and smaller household sizes expand the tenant base and support leasing
- Strong rent-to-income dynamics indicate lower affordability pressure and favorable renewals
- Risks: sparse amenities, lower school ratings, and ownership alternatives may temper pricing power