| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Best |
| Demographics | 32nd | Fair |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4803 Saint Johns Ave, Palatka, FL, 32177, US |
| Region / Metro | Palatka |
| Year of Construction | 1982 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4803 Saint Johns Ave Palatka Multifamily Investment
Neighborhood fundamentals point to durable renter demand with occupancy in the top quartile among 36 metro neighborhoods, according to WDSuite’s CRE market data.
Positioned in a suburban pocket of Palatka rated A+ at the neighborhood level, this asset benefits from stability indicators that matter to multifamily investors. Neighborhood occupancy trends sit in the top quartile among 36 metro neighborhoods, suggesting resilient lease-up and retention relative to the broader Palatka market. The neighborhood’s renter-occupied share is also in the top quartile among 36 metro neighborhoods, pointing to a deeper tenant base that can support ongoing demand for rental housing.
Within a 3-mile radius, demographics show recent population growth and a notable increase in households, with average household size edging lower. For investors, a growing household count with smaller households typically supports a larger renter pool, which can reinforce occupancy stability and absorption for a 68-unit community.
Local amenity access is mixed. Grocery and pharmacy availability rank above the metro median (ranked near the front of the 36-neighborhood cohort), while parks and cafes are comparatively limited. School ratings in the neighborhood sit below national averages, which may temper family-driven demand but does not preclude steady workforce housing dynamics.
From a pricing and affordability standpoint, neighborhood home values are modest compared with higher-cost Florida metros, which can introduce some competition with ownership. Even so, rent-to-income levels indicate manageable affordability pressure, supporting lease retention and lowering turnover risk. NOI per unit performance leads within the Palatka metro, though national percentile positioning is lower, signaling room for operational improvement versus broader U.S. comps.
Comparable, neighborhood-level crime metrics are not available in this dataset for the Palatka area. Investors should rely on municipal reports and professional due diligence to assess safety trends and how they compare with regional norms.
Regional employment access is oriented toward distributed industrial and corporate nodes, supporting workforce housing dynamics and commute convenience for residents. Notable nearby employer:
- Anixter — distribution and electrical supplies (34.9 miles)
The investment case centers on neighborhood stability and renter demand depth. Occupancy trends and renter concentration both place in the top tier locally, indicating solid absorption and a durable tenant base. Within a 3-mile radius, recent population growth and a faster rise in household counts point to renter pool expansion, which can support steady leasing and reduce downtime between turns. According to CRE market data from WDSuite, local amenity access is anchored by grocery and pharmacy options that rank above the metro median, while limited parks/cafes and below-average school ratings are considerations for positioning.
Relative home values and rent-to-income dynamics suggest manageable affordability pressure that can aid retention. While NOI per unit performance is strong within the metro, it trails national leaders, implying potential operational upside through expense control or targeted revenue management versus broader U.S. comparables.
- Neighborhood occupancy in the top quartile locally supports leasing stability
- Renter-occupied share in the top quartile provides a deeper tenant base
- 3-mile household growth and smaller household sizes expand the renter pool
- Above-metro grocery/pharmacy access aids day-to-day livability for residents
- Risks: limited parks/cafes, below-average school ratings, and national competitiveness of NOI