| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 58th | Good |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1213 NW 39th Ave, Gainesville, FL, 32609, US |
| Region / Metro | Gainesville |
| Year of Construction | 1981 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1213 NW 39th Ave Gainesville Multifamily Investment
Positioned in an A-rated inner-suburb neighborhood, this 100-unit asset benefits from improving renter demand and steady occupancy at the neighborhood level, according to WDSuite’s CRE market data.
The property sits in a top-quartile neighborhood within the Gainesville metro (ranked 13 out of 114), reflecting balanced fundamentals and day-to-day convenience for residents. Grocery access is a local strength with densities that rank among the metro’s best and in a high national percentile, while parks and pharmacies also score well. Café density is thinner, but everyday retail and services help support resident retention and leasing velocity.
Rents in the neighborhood have trended upward over the past five years, and neighborhood occupancy has risen over the same period. The neighborhood-level occupancy figures cited here describe the surrounding area’s performance, not this specific property. Elevated value-to-income levels locally suggest a high-cost ownership market relative to incomes, which can sustain reliance on multifamily housing and support pricing power for well-managed assets.
Within a 3-mile radius, population and household counts have increased in recent years, and forecasts point to continued population growth and a larger household base. A sizable share of adults falls in prime-renting ages, which expands the tenant pool and can support occupancy stability. These dynamics align with investor interest in locations where renter demand is reinforced by demographics and daily-life amenities, informed by commercial real estate analysis from WDSuite.
Vintage also matters: built in 1981, the asset is slightly newer than the neighborhood’s average vintage. That positioning can be competitive versus older stock, while still leaving room for targeted renovations or system upgrades to capture value-add upside and improve operating efficiency.
Safety trends are mixed when viewed against broader benchmarks. The neighborhood’s crime standing is below the national median and sits mid-pack within the Gainesville metro (rank 58 out of 114), indicating room for improvement relative to higher-performing areas. Property crime benchmarks are comparatively weak nationally, while recent data show a notable year-over-year improvement in violent incident rates. Investors should evaluate property-level measures and recent local initiatives, focusing on trend direction rather than any single-year snapshot.
This 1981-vintage, 100-unit community offers exposure to a top-quartile Gainesville neighborhood where daily amenities are strong and neighborhood occupancy has improved over the past five years. Renter-occupied housing is meaningful locally, and within a 3-mile radius, population and households have grown with projections indicating further expansion—supporting a deeper tenant base and potential leasing stability. Elevated ownership costs relative to local incomes reinforce reliance on rental housing, while upward rent trends signal potential for disciplined revenue growth.
According to CRE market data from WDSuite, neighborhood fundamentals—amenity access, renter concentration, and improving occupancy—create a constructive backdrop for a value-add strategy. The 1981 vintage is slightly newer than the area’s average, offering competitive positioning versus older stock while leaving room for targeted modernization to enhance NOI. Key considerations include managing affordability pressure (rent-to-income levels) and monitoring area safety trends at the sub-neighborhood scale.
- Top-quartile neighborhood (13 of 114) with strong daily amenities and improving area occupancy
- Expanding 3-mile renter pool via population and household growth supporting leasing stability
- 1981 vintage slightly newer than area average, enabling targeted value-add and modernization
- Elevated ownership costs relative to income sustain demand for multifamily rentals
- Risks: affordability pressure (rent-to-income) and mixed but improving safety trends require active management