| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 56th | Good |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2300 SW 35th Pl, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 1979 |
| Units | 100 |
| Transaction Date | 1993-08-27 |
| Transaction Price | $320,000 |
| Buyer | CYPRESS VILLAS INVESTORS LLC |
| Seller | BEVEL APARTMENT LLC |
2300 SW 35th Pl Gainesville Renter-Driven Multifamily
High renter concentration and steady neighborhood occupancy trends point to durable tenant demand, according to WDSuite s CRE market data. One practical takeaway for investors is demand depth that can offset modest amenity density in this Urban Core location.
The property sits in Gainesville s Urban Core with a B+ neighborhood rating and performance that is competitive among 114 Gainesville neighborhoods. Neighborhood rent levels benchmark above the metro median (ranked 19 of 114) and remain solid versus national peers, signaling support for sustained leasing velocity and pricing discipline in typical cycles, based on CRE market data from WDSuite.
Amenity access is mixed: restaurant density is competitive among Gainesville neighborhoods (ranked 14 of 114; around the 70th national percentile), while daily-needs options such as grocery, pharmacies, parks, childcare, and cafes are limited within the neighborhood footprint. For multifamily, this usually shifts emphasis toward on-site features and management quality to drive retention.
Renter-occupied housing is a defining characteristic here, with a high renter concentration (76.3% of units renter-occupied at the neighborhood level). For investors, that depth of the renter base supports a larger leasing funnel and generally helps stabilize occupancy through cycles.
Within a 3-mile radius, demographics skew young, and both population and household counts have expanded, with forecasts indicating further population growth and a larger household base. This points to continued renter pool expansion that can support occupancy stability. Neighborhood occupancy has trended upward over the past five years, reinforcing the demand backdrop relative to broader metro conditions.
Home values in the immediate area trend below national averages, which can introduce some competitive pressure from ownership alternatives. For multifamily operations, that typically argues for thoughtful amenity positioning and service quality to sustain lease retention, even as the market s relative cost-of-ownership can cap near-term pricing power.
Safety indicators are mixed when compared with regional and national benchmarks. The neighborhood s crime rank is 64 out of 114 Gainesville neighborhoods, placing it below the metro average, and national comparisons sit in the lower percentiles. Property and violent offense rates track toward the lower national percentiles as well, though recent year-over-year trends show declines in violent offenses, which is constructive. Investors typically account for this profile via security measures and resident engagement to support retention.
This 1979 vintage, 100-unit asset aligns with a renter-driven Urban Core submarket where neighborhood rents benchmark above the metro median and occupancy has improved over the last five years. The high share of renter-occupied units signals meaningful tenant depth, while 3-mile demographic trends point to population growth and an expanding household base, supporting a larger leasing funnel and occupancy stability over time. According to CRE market data from WDSuite, amenity density is uneven locally, so on-site offerings and management execution carry outsized influence on retention and achievable rent.
The older vintage may require capital planning, but it also presents value-add potential to differentiate versus the area s generally newer stock. At the same time, relatively accessible home values in the neighborhood can temper pricing power, and elevated rent-to-income ratios indicate affordability pressure that warrants proactive lease management. Balancing these dynamics, the demand profile and renter concentration provide a solid foundation for long-term operations.
- Renter-heavy neighborhood supports a deep tenant base and leasing velocity.
- Upward neighborhood occupancy trend over five years supports stability.
- 1979 vintage offers value-add and modernization upside with targeted CapEx.
- 3-mile population and household growth expand the renter pool and support absorption.
- Risks: affordability pressure (rent-to-income), below-metro-average safety ranks, and limited daily-needs amenities require careful operations and positioning.