| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Best |
| Demographics | 32nd | Fair |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 607 S Moody Rd, Palatka, FL, 32177, US |
| Region / Metro | Palatka |
| Year of Construction | 1986 |
| Units | 102 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
607 S Moody Rd, Palatka FL Multifamily Investment
Neighborhood occupancy has trended higher than the metro median, supporting stable renter demand according to WDSuite’s CRE market data. Focus is on steady cash flow potential driven by a renter base concentrated in this Palatka neighborhood—not the property itself.
Situated in a suburban pocket of Palatka, the neighborhood posts an A+ rating and ranks 2 out of 36 metro neighborhoods, indicating competitive fundamentals versus most local peers. Occupancy in the neighborhood has risen over the past five years and, at a rank of 4 out of 36, sits above the metro median, which tends to support cash-flow durability for multifamily assets.
Daily-needs access is a relative strength locally: grocery and pharmacy presence rank 2 out of 36 in the metro and land in the mid-to-high national percentiles, while cafes and parks are comparatively limited. School ratings trail national averages (national percentile 37), an element to watch when targeting family-oriented demand.
Renter-occupied housing accounts for a meaningful share of neighborhood units (rank 5 of 36 with a high national percentile), pointing to a durable tenant base for workforce apartments. Median contract rents in the neighborhood remain relatively accessible in the metro context, and the neighborhood’s rent-to-income profile sits in a manageable range for lease retention, though proactive income verification and renewals remain important in this segment.
Within a 3-mile radius, demographics show modest population growth alongside a notably faster increase in households, suggesting smaller household sizes and a broader renter pool over time. Forward-looking projections within this radius indicate continued household growth, which can expand the tenant base and support occupancy stability for well-positioned properties.
The asset’s 1986 vintage is slightly newer than the neighborhood’s average construction year. That positioning can be competitive against older stock while still warranting capital planning for building systems and selective renovations to meet current renter expectations.
Comparable neighborhood crime data are not available in this release. Investors should benchmark safety using regional trend reports and property-level historicals, and consider standard measures such as lighting, access controls, and coordination with local authorities as part of underwriting and asset management.
Regional employment access is more dispersed, with larger corporate nodes reachable by car. This supports renter demand primarily from local services and commuters to outlying hubs, including the corporate office listed below.
- Anixter — distribution & corporate offices (35.2 miles)
This 102-unit asset benefits from a neighborhood that ranks near the top of the Palatka metro on overall fundamentals, with occupancy performance above the metro median and a meaningful concentration of renter-occupied housing units. Within a 3-mile radius, households have grown faster than population, pointing to smaller household sizes and a broader renter pool that can support leasing stability. According to CRE market data from WDSuite, local daily-needs access (grocers, pharmacies) is comparatively strong in the metro, while parks and cafés are thinner—factors that shape resident appeal by segment.
Built in 1986, the property is slightly newer than the neighborhood average, offering competitive positioning against older stock. Investors should plan for system lifecycle and targeted interior updates to capture value-add upside while monitoring affordability pressures as rents evolve and school quality perceptions that may influence family-driven demand.
- Occupancy in the neighborhood ranks above the metro median, reinforcing cash-flow stability potential.
- Renter-occupied unit share indicates a deep tenant base supportive of multifamily demand.
- Daily-needs retail access (grocery, pharmacy) is a relative local strength enhancing resident convenience.
- 1986 vintage offers competitive positioning versus older stock with room for selective upgrades.
- Risks: thinner lifestyle amenities and school ratings below national averages; monitor affordability as rents change.