| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 28th | Poor |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1480 SW 51st Ter, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 2006 |
| Units | 100 |
| Transaction Date | 2015-01-20 |
| Transaction Price | $37,805,000 |
| Buyer | 2025 STUDENT II LL LLC |
| Seller | THP CABANA BEACH GAINESVILLE LLC |
1480 SW 51st Ter Gainesville Multifamily Investment
Renter concentration in the surrounding neighborhood is high, supporting a deeper tenant base even as neighborhood occupancy has trended softer, according to WDSuite’s CRE market data. Expect demand to be supported by nearby amenities and university-driven dynamics while underwriting for competitive leasing.
This Inner Suburb neighborhood carries an A- rating and ranks 23rd out of 114 Gainesville neighborhoods, placing it in the top quartile locally. Amenity access is a relative strength: restaurants and cafes index well above national medians (top quartile nationally), with parks and pharmacies also competitive. These factors typically help with resident retention and day-to-day livability.
The neighborhood’s renter-occupied share is high (55.7%), signaling depth in the tenant pool for multifamily. However, neighborhood occupancy is below national norms and has eased in recent years, so investors should plan for proactive leasing and concessions management relative to metro leaders. Median home values in the area are moderate for Florida, and a higher value-to-income ratio (top quintile nationally) suggests a high-cost ownership market in context, which can reinforce reliance on rental housing and support pricing power when managed carefully.
Demographic statistics within a 3-mile radius indicate households grew while population edged down, implying smaller household sizes and continued household formation that can enlarge the renter base. Forward-looking projections point to growth in population and households through the next five years, which supports occupancy stability and leasing velocity for well-positioned assets, based on CRE market data from WDSuite.
The property’s 2006 vintage is newer than the neighborhood’s average construction year of 1985. That relative youth can be a competitive advantage versus older stock, though investors should still underwrite for mid-cycle system updates and selective modernization to meet current renter expectations.
Neighborhood safety trends sit around the metro midpoint when compared among 114 Gainesville neighborhoods. Relative to the nation, WDSuite data places this area below the national safety median, so investors should underwrite for standard security measures and resident communications that support retention.
Recent directionality is encouraging: estimated property offenses declined meaningfully year over year and violent offenses also improved. While these are neighborhood-level trends rather than property-specific, continued improvement would be supportive of leasing and renewal performance.
Positioned in a top-quartile Gainesville neighborhood with strong amenity access, the asset benefits from a high renter-occupied share locally and a 3-mile radius showing rising household counts. According to CRE market data from WDSuite, the neighborhood’s occupancy has been softer, but a high-cost ownership landscape in context and university-driven demand drivers should help sustain a broad tenant base for workforce and student-oriented renters.
Built in 2006, the property is newer than much of the surrounding stock, supporting competitive positioning versus older assets while still warranting targeted updates to keep finishes and systems current. Household growth and forward projections indicate a larger tenant pool ahead, though rent-to-income levels suggest thoughtful pricing and renewal strategies will be important to maintain lease stability.
- Top-quartile Gainesville neighborhood with strong food, park, and daily-needs access supporting retention
- High neighborhood renter concentration and 3-mile household growth deepen the tenant base
- 2006 vintage offers competitive positioning versus older stock with selective value-add potential
- Ownership costs in context support sustained rental demand and pricing power when managed carefully
- Risk: neighborhood occupancy trails national norms; plan for proactive leasing, renewals, and concessions management