| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 40th | Fair |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5908 Pineywoods Pl, Milton, FL, 32570, US |
| Region / Metro | Milton |
| Year of Construction | 1982 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5908 Pineywoods Pl Milton Multifamily with Durable Renter Base
Neighborhood occupancy is steady and renter concentration is roughly half of local housing, suggesting a stable tenant base, according to WDSuite’s CRE market data. This positioning supports consistent leasing for a 24-unit asset in an Inner Suburb of Milton, FL.
The property sits in a B+ rated Inner Suburb of the Pensacola-Ferry Pass-Brent metro, with neighborhood occupancy around 92% and performing above the metro median (rank 57 of 134; slightly above the national middle at the 56th percentile). For investors, this points to generally resilient leasing conditions rather than late-cycle softness.
Renter-occupied share in the neighborhood is about 50%, indicating depth in the tenant pool and demand stability for multifamily units. Within a 3-mile radius, population and households have expanded over the last five years, and forecasts point to continued growth through 2028. That expansion, coupled with household income gains, supports a larger tenant base and helps sustain occupancy and absorption.
The area’s amenity mix is modest by national standards (overall amenities near the 30th percentile), with limited cafés and parks, but grocery and pharmacy access are more typical for the metro. Average school ratings trend below the national midpoint, which may influence renter profiles and marketing strategies more toward workforce households and commuters.
Home values in the neighborhood sit above many national peers, and the value-to-income ratio ranks in the top tercile nationally. In practice, a higher-cost ownership landscape can reinforce multifamily demand and lease retention, while a rent-to-income ratio near 0.19 suggests manageable affordability pressure that can support tenant stability and pricing discipline.
Comparable neighborhood-level safety rankings are not available in this dataset. Investors typically benchmark against metro and national trends; given the absence of directly comparable figures here, additional local diligence (police reports, insurer loss runs, and property-level incident histories) is prudent for underwriting assumptions.
Built in 1982, the asset is older than the neighborhood’s average vintage, which points to potential value-add and targeted capital planning to enhance competitiveness against newer stock. The immediate neighborhood shows above-median occupancy within the metro and a renter-occupied share around half of units, signaling steady depth in the tenant base. Population and household growth within a 3-mile radius indicate a larger pool of prospective renters ahead, supporting occupancy stability and lease-up resilience.
A high-cost ownership context relative to incomes tends to sustain renter reliance on multifamily housing, while a rent-to-income ratio around 0.19 provides room for disciplined rent management. Based on commercial real estate analysis from WDSuite, the submarket’s fundamentals—renter demand, income trends, and neighborhood-level occupancy—align with a hold-and-improve strategy focused on operational execution and selective renovations.
- Above-median neighborhood occupancy within the metro supports consistent leasing.
- Renter-occupied share near half of units indicates demand depth for multifamily.
- 1982 vintage suggests value-add and capex opportunities to enhance positioning.
- Ownership costs outpace incomes locally, reinforcing reliance on rental housing.
- Risk: amenity and school ratings trail national averages, requiring careful tenant targeting and retention strategies.