| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 41st | Best |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 542 2nd St, Chipley, FL, 32428, US |
| Region / Metro | Chipley |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
542 2nd St, Chipley FL — 20-Unit Multifamily Investment
Neighborhood occupancy has held in a stable range and local rents sit near national midpoints, supporting steady leasing fundamentals, according to WDSuite’s CRE market data.
Situated in rural Washington County, the neighborhood ranks 2 out of 15 locally (A rating), making it competitive among Washington County neighborhoods. For day-to-day convenience, grocery, pharmacy, and childcare access rank 1 of 15 in the metro, while cafes and parks rank 15 of 15, signaling a practical amenity base with fewer lifestyle options nearby.
Neighborhood occupancy is around the low 90s and has been steady in recent years, which generally supports income stability for smaller multifamily assets. Median contract rents are competitive within the metro (ranked 2 of 15) and track close to the national midpoint, suggesting room for disciplined revenue management rather than outsized pricing power.
Average school ratings are above the national median (61st percentile) and rank 1 of 15 across metro neighborhoods, which can aid family retention. The renter-occupied share is lower relative to peers (22nd percentile nationally; rank 13 of 15), indicating a smaller renter pool; for a 20-unit asset, this points to measured demand depth and the need for focused leasing and renewal strategies.
Home values sit below national medians (28th percentile), meaning ownership is more accessible compared with higher-cost markets. That can introduce competition with for-sale options, while the neighborhood’s rent-to-income profile (near national midpoints) suggests manageable affordability pressure and potential for steady renewals rather than aggressive rent lifts.
Comparable neighborhood crime statistics are not available from WDSuite for this location. Investors should evaluate safety using multiple sources and trend comparisons at the city and county levels to understand relative conditions over time.
Built in 1985, the property is newer than the area’s average vintage, which can provide a relative edge versus older housing stock while still offering value-add potential through targeted interior and systems upgrades. Neighborhood occupancy has been steady near the low 90s, and rents align near national midpoints—conditions that favor predictable cash flow and measured rent growth.
The submarket offers strong practical amenities (grocery, pharmacy, childcare), above-median school ratings, and a rent-to-income profile that supports retention. At the same time, a lower renter concentration and more accessible ownership options warrant conservative underwriting and active leasing. These dynamics are consistent with small-market fundamentals observed in similar rural areas, based on commercial real estate analysis from WDSuite.
- 1985 vintage offers relative competitiveness versus older local stock with room for targeted value-add
- Stable neighborhood occupancy supports predictable cash flow for a 20-unit asset
- Practical amenity access and above-median school ratings aid tenant retention
- Rent-to-income near national midpoints suggests manageable affordability pressure and steady renewals
- Risks: smaller renter pool and accessible ownership options require disciplined leasing and conservative underwriting