| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 61st | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2220 NW 55th Blvd, Gainesville, FL, 32653, US |
| Region / Metro | Gainesville |
| Year of Construction | 1977 |
| Units | 100 |
| Transaction Date | 1991-06-27 |
| Transaction Price | $750,000 |
| Buyer | 2220 NW 55 BLVD LLC |
| Seller | DEERWOOD GAINESVILLE PARTNERS LTD |
2220 NW 55th Blvd Gainesville Multifamily Investment
Inner-suburb location with neighborhood occupancy in the low 90s supports steady renter demand, according to WDSuite’s CRE market data. Investor focus: stable leasing fundamentals with room for operational optimization.
Located in Gainesville’s inner suburbs, the neighborhood rates A+ and ranks 5th out of 114 metro neighborhoods, placing it in the top quartile locally. Amenity access is a strength, with grocery, pharmacies, parks, and daily services available at densities that test above national medians, supporting resident convenience and retention.
Neighborhood occupancy is reported at 92.3% (neighborhood metric, not the property), suggesting relatively steady leasing conditions versus broader metro trends. Median contract rents sit above many national peers while the rent-to-income ratio indicates manageable affordability pressure, which can help sustain lease stability. Renter-occupied housing accounts for roughly a third of units locally (renter concentration), pointing to a meaningful tenant base for multifamily.
Within a 3-mile radius, population and household counts have expanded in recent years, and forecasts point to additional household growth—an indicator of a larger tenant base and potential support for occupancy. Average school ratings trend around mid-range for the area; investors should underwrite accordingly for family-driven demand segments.
For context against national benchmarks, amenity access and educational attainment score in higher percentiles, while housing and income metrics are closer to mid-range. This blend typically favors stable renter demand over time, based on multifamily property research from WDSuite.
Safety indicators for this neighborhood are mixed relative to the metro and below national benchmarks. The neighborhood’s crime rank is in the lower half among 114 Gainesville neighborhoods, and national percentiles indicate higher rates compared with many U.S. neighborhoods. Year-over-year trends are nuanced: estimated property offenses show a recent decline, while estimated violent offenses have increased. These are neighborhood-level metrics and not specific to the property.
Investors should incorporate prudent security measures, evaluate historical trendlines, and consider tenant profile and on-site management practices when underwriting operating expenses and retention assumptions.
Built in 1977, the property is slightly older than the neighborhood average, signaling potential value-add through targeted renovations and systems upgrades while competing on price point and convenience. Neighborhood fundamentals show competitive income performance and solid amenity access, with occupancy around the low 90s at the neighborhood level—conditions that typically support steady leasing and incremental rent growth in line with Gainesville’s broader market.
Within a 3-mile radius, recent growth in population and households, alongside rising household incomes, points to a larger tenant base and supports occupancy stability. According to CRE market data from WDSuite, the neighborhood’s income performance per unit ranks among the stronger Gainesville subareas, reinforcing the case for durable demand if capital plans modernize the asset and maintain operational discipline.
- Neighborhood occupancy (neighborhood metric) in the low 90s supports leasing stability and pricing discipline.
- 1977 vintage offers value-add potential via renovations and systems upgrades to enhance competitiveness.
- 3-mile radius growth in households and incomes indicates a larger tenant base and supports retention.
- Amenity access (grocers, parks, pharmacies) is a neighborhood strength that can aid lease retention.
- Risk: Safety metrics trail national benchmarks; underwrite security, insurance, and marketing accordingly.