| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 60th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5153 Astor Village St, Milton, FL, 32570, US |
| Region / Metro | Milton |
| Year of Construction | 1982 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5153 Astor Village St Milton Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy for the submarket, according to WDSuite’s CRE market data. The location’s suburban profile supports leasing stability while leaving room for value-add through selective upgrades.
Located in Milton, Florida, the property sits in a suburban neighborhood rated A- (ranked 28 among 134 metro neighborhoods), indicating competitive positioning within the Pensacola-Ferry Pass-Brent metro. Occupancy in the neighborhood is above the metro median, which supports cash flow consistency and reduces lease-up risk in normal market conditions.
Everyday convenience is solid: grocery and pharmacy access rank above many metro peers, and restaurants are relatively dense for a suburban area, while cafe density is thinner. Amenities overall track near the national middle (amenity percentile 57), giving residents practical access without relying on long commutes.
The average construction year in the neighborhood skews older (1972). With a 1982 vintage, this asset is newer than much of the local stock, which can aid competitive positioning; however, investors should plan for modernization of aging systems and common areas to maintain leasing strength versus newer deliveries.
Tenure patterns vary by lens: neighborhood data indicates a lower renter concentration, while within a 3-mile radius renters account for roughly four in ten occupied units. This mix suggests a stable base of long-term residents with a sufficiently sized renter pool to support absorption, particularly for well-maintained, appropriately priced units.
Within a 3-mile radius, population and households have grown and are projected to continue expanding over the next five years. This broader-area growth increases the potential tenant base and supports occupancy stability, with rising household incomes providing some cushion against rent friction as renewals cycle.
Ownership costs in this area are comparatively accessible by national standards, which can create some competition with entry-level homeownership. At the same time, rent-to-income metrics indicate manageable rent burdens locally, which can favor retention and limit turnover when lease management is disciplined.
Comparable neighborhood safety data are not available in this dataset for precise benchmarking. Investors typically evaluate safety by comparing neighborhood trends to metro and national benchmarks and by reviewing recent local reports and property-level incident histories. A prudent approach is to underwrite to current operating experience and confirm trends during diligence.
Area employment is diversified across the metro, with commuting patterns typical of suburban Milton. Proximity to regional job centers supports day-to-day renter demand and lease retention without requiring lengthy commutes.
This 50-unit, 1982-vintage asset benefits from a suburban A- neighborhood where occupancy trends outperform the metro median, supporting income stability. Based on CRE market data from WDSuite, the location’s amenity access and steady restaurant/grocery presence align with renter expectations, while the property’s slightly newer vintage than the neighborhood average offers a platform for targeted upgrades to enhance competitive standing.
Demographic trends aggregated within a 3-mile radius show growth in population and households alongside rising incomes, pointing to a larger tenant base and support for renewals. While homeownership remains relatively accessible in this market, rent-to-income ratios indicate manageable rent burdens, implying balanced pricing power when paired with thoughtful lease management and value-add execution.
- Above-median neighborhood occupancy supports stable collections and reduces lease-up risk.
- 1982 vintage is newer than local averages, with clear value-add and systems modernization opportunities.
- 3-mile growth in population, households, and incomes expands the renter pool and renewal prospects.
- Amenity access (groceries, pharmacies, restaurants) supports day-to-day livability and retention.
- Risk: relatively accessible homeownership can temper rent growth, requiring disciplined pricing and asset upgrades.