| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 73rd | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 207 SE 2nd Pl, Gainesville, FL, 32601, US |
| Region / Metro | Gainesville |
| Year of Construction | 1998 |
| Units | 100 |
| Transaction Date | 1997-12-17 |
| Transaction Price | $714,300 |
| Buyer | SQUARE ARLINGTON |
| Seller | --- |
207 SE 2nd Pl Gainesville Multifamily Investment
Downtown Gainesville’s amenity-dense core shows durable renter demand and stable neighborhood occupancy, according to WDSuite’s CRE market data. The area’s top-tier neighborhood rating and strong lifestyle access support leasing resilience for well-managed assets.
This Inner Suburb neighborhood carries an A+ rating and ranks 1st out of 114 Gainesville metro neighborhoods, signaling strong overall fundamentals for multifamily. Neighborhood occupancy trends sit around the metro median, while the share of renter-occupied housing is in the top quartile among 114 metro neighborhoods — a useful indicator of depth in the tenant base and day-to-day leasing velocity.
Lifestyle access is a clear differentiator: cafes and restaurants rank near the top of the metro, and parks density is also a top performer, placing the neighborhood in high national percentiles for amenities. These characteristics often translate into better leasing traffic and retention for walkable assets serving professionals and students.
The property’s 1998 construction is newer than the neighborhood’s older average stock (1960s vintage), offering relative competitiveness versus legacy buildings. Investors can plan for targeted modernization and systems updates typical of late-1990s assets while leveraging a location advantage that supports rent-achieving potential without needing a full repositioning.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to expand further, pointing to a larger tenant base ahead. Household income trends are improving, and median contract rents are expected to rise, which together support occupancy stability and measured rent growth for well-operated communities, based on commercial real estate analysis from WDSuite.
Ownership costs locally sit in a moderate range for the region, which helps sustain reliance on rental housing. This backdrop can support pricing power for quality units, while still requiring attentive lease management to balance affordability pressure and renewal risk.
Safety indicators for the neighborhood trail national averages, placing it below the median nationally; however, recent year-over-year trends show double-digit declines in both violent and property offense rates. In metro context, the neighborhood’s crime rank sits mid-pack among 114 Gainesville neighborhoods, suggesting conditions that warrant standard operational precautions alongside observable improvement momentum.
For investors, the takeaway is practical: incorporate routine security and lighting measures, and highlight the area’s improving trendlines in resident communications without making block-level claims. Continued monitoring of neighborhood-level data remains advisable as part of ongoing risk management.
The downtown setting serves a broad employment base with short commutes to public-sector, education, healthcare, and services jobs, which helps support renter demand and retention for workforce and student-oriented housing. Specific nearby employer listings with verified distances were not available for inclusion.
207 SE 2nd Pl brings 100 units in a top-ranked Gainesville neighborhood where amenity access and renter concentration underpin steady leasing. The 1998 vintage is competitively newer than much of the area’s stock, suggesting modest value-add and systems updates could unlock incremental rent while benefiting from walkable fundamentals. According to CRE market data from WDSuite, neighborhood occupancy is around the metro median and renter-occupied housing share is in the top quartile locally — a combination that supports day-to-day leasing stability.
Within a 3-mile radius, population and households have expanded and are projected to grow further, pointing to renter pool expansion that can support sustained absorption. Homeownership remains a higher-cost path for many households relative to local incomes, reinforcing reliance on multifamily and aiding renewal prospects, though rent-to-income management will remain important for retention.
- A+ neighborhood, top-ranked among 114 metro areas, with amenity density that supports leasing traffic
- 1998 vintage offers competitive position versus older stock with targeted modernization upside
- Renter-occupied share in the top quartile locally supports depth of demand and occupancy stability
- 3-mile population and household growth points to a larger tenant base and steady absorption
- Risk: Safety metrics remain below national averages; prudent security and active management recommended