| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 61st | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2056 NW 55th Blvd, Gainesville, FL, 32653, US |
| Region / Metro | Gainesville |
| Year of Construction | 1978 |
| Units | 100 |
| Transaction Date | 1976-01-01 |
| Transaction Price | $108,500 |
| Buyer | SOUTHERN DEVELOPMENT MGMT CO |
| Seller | --- |
2056 NW 55th Blvd, Gainesville FL — Multifamily Investment Profile
Neighborhood fundamentals point to steady renter demand and occupancy in the low-90s, according to WDSuite’s CRE market data. The area’s amenity access and rent positioning relative to incomes support durable leasing and retention at the submarket level.
Located in an inner suburban pocket of Gainesville, the neighborhood scores A+ overall and ranks 5th among 114 metro neighborhoods, indicating competitive positioning within the region. Amenity access is a clear strength, with grocery, parks, pharmacies, and everyday services competitive among Gainesville neighborhoods and above national medians, helping sustain renter appeal for a 100-unit asset.
Neighborhood occupancy trends sit around the low-90s and are above the metro median, supporting cash flow stability rather than lease-up risk. Rents in this area track above national medians while the rent-to-income relationship sits in the low-20% range, suggesting manageable affordability pressure that can aid retention and measured pricing power for operators.
The renter-occupied share of housing units is roughly one-third at the neighborhood level, indicating a meaningful, though not dominant, renter base that supports consistent multifamily demand while limiting volatility tied to student-heavy pockets. Median home values are moderate for Florida, which can create some competition from ownership, but elevated rent growth over the last five years points to sustained rental preference near key services.
Within a 3-mile radius, demographics show population growth over the past five years, rising household counts, and higher household incomes, expanding the local tenant base. Forward-looking estimates in the same 3-mile radius point to additional household growth and slightly smaller household sizes, factors that typically support multifamily demand and occupancy stability.
School options in the neighborhood average near the national midpoint; this can be adequate for a broad renter profile but may not be a primary draw for family-focused leasing compared with top-ranked school clusters elsewhere in the metro.
Safety indicators are mixed. Compared with neighborhoods nationwide, the area sits below the national median for safety, and violent and property offense measures track weaker than national percentiles. At the metro level, conditions warrant monitoring rather than alarm, and recent data shows property offense rates improving year over year, which is a constructive trend for operators.
For investors, the takeaway is to underwrite routine security and lighting improvements, emphasize professional management presence, and monitor ongoing trends at the neighborhood scale rather than block-by-block assumptions. Trend direction and management practices can materially influence onsite experience and retention.
This Gainesville inner-suburb location combines competitive amenity access with occupancy in the low-90s and rents positioned above national medians, supporting durable leasing. According to CRE market data from WDSuite, the neighborhood ranks competitively within the metro, while a balanced renter concentration provides depth without overexposure to transient demand. Moderate ownership costs nearby create some competition, but rising household incomes and growing household counts within a 3-mile radius point to an expanding tenant base that supports stabilization and measured rent growth.
Operationally, the area’s service-rich environment and improving property-crime trend are positives for retention and marketing. School quality sits around the national midpoint, and safety should be a monitored item, suggesting prudent reserves for site-level upgrades and resident experience programming.
- Competitive neighborhood rank within Gainesville supports demand and leasing stability.
- Occupancy in the low-90s and rents above national medians indicate steady cash flow potential.
- Within 3 miles, rising household counts and incomes expand the renter pool and support retention.
- Amenity-rich setting (grocery, parks, services) enhances daily convenience and leasing velocity.
- Risks: below-median national safety profile and moderate competition from ownership options call for active management and prudent capital planning.