| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 65th | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1015 NW 21st Ave, Gainesville, FL, 32609, US |
| Region / Metro | Gainesville |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1015 NW 21st Ave Gainesville Multifamily Investment
Newer 2001 construction in a renter-heavy Gainesville neighborhood suggests durable leasing fundamentals, according to WDSuite’s CRE market data. The broader area shows steady renter demand and supportive ownership dynamics that can underpin occupancy and pricing discipline.
Located in Gainesville’s inner suburb cluster, the neighborhood ranks 4 out of 114 metro neighborhoods (A+ rating), indicating strong overall fundamentals for multifamily. Dining and daily-needs access are notable strengths: restaurants, groceries, parks, and pharmacies all register in the top quartile nationally, while cafes are relatively limited. This mix supports day-to-day livability and reduces commute time for essentials.
The average neighborhood vintage skews older (1975), while this asset’s 2001 construction is meaningfully newer. For investors, that positioning can enhance competitiveness versus nearby stock and temper near-term capital needs, while still planning for systems modernization as the property approaches mid-life.
Renter-occupied housing is prevalent at the neighborhood level, signaling a deep tenant base that can support leasing velocity and renewal capture. Median rent burdens align with a manageable rent-to-income backdrop, which can aid retention and reduce turnover-driven expenses.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, pointing to a larger tenant base and ongoing renter pool expansion. Rising household incomes alongside a high-cost ownership context relative to local incomes can reinforce reliance on multifamily housing, supporting occupancy stability and rent growth prospects.
Safety indicators in this neighborhood track below national averages, and the area sits around the middle of the pack within the Gainesville metro (crime rank 59 out of 114 neighborhoods). National percentiles indicate elevated rates relative to many U.S. neighborhoods; however, recent year-over-year declines in both violent and property offenses suggest directional improvement rather than deterioration.
Investors should consider standard risk mitigation—lighting, access control, and partnership with local patrols—while weighing that recent improvement trend against underwriting assumptions and insurance considerations.
Employer proximity data for this address is not available in WDSuite at this time; no specific nearby corporate anchors are listed below.
This 2001-vintage, 100-unit multifamily asset sits in one of Gainesville’s stronger-performing neighborhoods, where renter-occupied housing concentration and daily-needs accessibility support demand depth and lease retention. The property’s newer vintage versus the neighborhood average positions it competitively against older stock, with capital planning focused on mid-life systems and selective modernization rather than full repositioning. Based on CRE market data from WDSuite, neighborhood rent burdens appear manageable in context, and ownership costs relative to incomes tend to sustain reliance on rentals—favorable for occupancy stability.
Demographic trends within a 3-mile radius point to population and household growth, reinforcing the forward pipeline of renters and supporting leasing durability. While safety metrics trail national benchmarks, the recent downward trend in incident rates offers an improving backdrop; prudent operations and targeted security measures remain important for risk management.
- Newer 2001 construction relative to neighborhood vintage enhances competitive positioning and moderates near-term capex.
- Renter-occupied concentration at the neighborhood level supports a deep tenant base and leasing stability.
- Strong daily-needs access (groceries, pharmacies, parks) and abundant dining options bolster livability and renewal potential.
- 3-mile population and household growth expand the renter pool and support occupancy through the hold period.
- Risks: safety metrics below national averages and mid-pack metro ranking warrant ongoing security investment and conservative underwriting.