| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 56th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2625 SW 75th St, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 2000 |
| Units | 100 |
| Transaction Date | 2003-08-08 |
| Transaction Price | $680,300 |
| Buyer | G W ROBINSON BLDR INC |
| Seller | NEIGHBORHOOD REALTY INC |
2625 SW 75th St Gainesville, FL Multifamily Opportunity
Neighborhood renter demand is deep and occupancy has trended higher in recent years, according to WDSuite’s CRE market data. Positioning centers on steady leasing fundamentals with room to enhance competitiveness through targeted upgrades.
Neighborhood Overview
Set in an inner suburb of Gainesville with an A- neighborhood rating (ranked 18 out of 114 metro neighborhoods), the location offers day-to-day convenience and broad renter appeal. Neighborhood occupancy is competitive near the metro median and has improved over the past five years, supporting stable leasing for professionally managed assets.
Amenity access is a relative strength: grocery, restaurant, park, and pharmacy availability place the neighborhood in the top quartile nationally, while cafes and childcare are comparatively sparse. For investors, this mix supports routine shopping trips and outdoor recreation while signaling potential upside for future retail and service infill.
Schools in the area average roughly 3.0 out of 5 (ranked 6 out of 114 in the metro), indicating generally serviceable education options that align with a broad renter base. The neighborhood’s share of adults with a bachelor’s degree is high (top quintile nationally), which often correlates with income resiliency and lease retention.
Tenure patterns are favorable for multifamily: an estimated 59.4% of housing units are renter-occupied, placing the neighborhood in the high national percentiles for renter concentration (93rd). This depth of the tenant base typically supports absorption and renewals across cycles. Median contract rents trend above the metro median, and rent-to-income levels are moderate by national standards, indicating manageable affordability pressure that can underpin steady collections and measured rent growth.
Within a 3-mile radius, recent years show a slight decline in population alongside an increase in total households, indicating smaller household sizes and a broader leasing pool. Forecasts to 2028 point to notable growth in households and incomes, suggesting a larger tenant base and support for occupancy stability as new supply is absorbed, based on commercial real estate analysis from WDSuite.
Construction in 2001 makes the property newer than the neighborhood’s average vintage (1992). Newer stock typically competes well against older assets, though investors should plan for system updates and modernization to maintain positioning versus recent deliveries.
Home values are relatively accessible for the metro, and the value-to-income ratio is mid-range nationally. That balance can create some competition from ownership options, but the high renter-occupied share and rising neighborhood rents suggest durable multifamily demand and lease retention potential.
Safety Context
Safety indicators for the neighborhood track below national averages (low national percentiles for both violent and property offenses), placing the area as middle-of-the-pack within Gainesville rather than top-tier. In metro terms, crime ranks near the median among 114 neighborhoods, indicating conditions that warrant routine diligence typical for inner-suburban submarkets.
Recent trends are moving in a constructive direction, with estimated year-over-year declines in both violent and property offenses. For investors, this suggests monitoring is prudent, but improving momentum aligns with stable occupancy and retention strategies common to professionally managed multifamily assets.
The surrounding Gainesville submarket features a diverse employment base across healthcare, education, and services, supporting commute convenience and a broad renter pool for workforce and professional households.
Why This Asset
The 2001-vintage, 100-unit property benefits from a deep renter base, improving neighborhood occupancy, and strong daily-needs access (grocery, parks, pharmacies, restaurants in the top quartile nationally). The asset is positioned for durable leasing with potential to capture incremental rent through light modernization, as older nearby stock provides a relative competitive edge.
Within a 3-mile radius, household counts are rising even as household sizes trend smaller, expanding the renter pool and supporting occupancy stability. According to CRE market data from WDSuite, the area’s renter-occupied share is high and rent-to-income levels are moderate, which can support collections and measured pricing power; key watch items include safety metrics that lag national benchmarks and limited café/childcare density.
- Deep renter base and improving occupancy support steady leasing
- 2001 vintage offers competitive positioning vs. older stock with value-add potential
- Daily-needs access (grocery, parks, pharmacy, restaurants) in top quartile nationally
- Risks: below-average national safety metrics and limited café/childcare options warrant active management