| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 58th | Good |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2904 NW 6th Dr, Gainesville, FL, 32609, US |
| Region / Metro | Gainesville |
| Year of Construction | 2007 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2904 NW 6th Dr Gainesville Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady lease-up potential, according to WDSuite’s CRE market data. This Inner Suburb location offers everyday convenience that supports occupancy stability, as highlighted by our commercial real estate analysis.
Positioned in Gainesville’s Inner Suburb, the neighborhood ranks in the top quartile among 114 metro neighborhoods (A rating), signaling competitive livability and investment appeal. Grocery, parks, pharmacy, and childcare access test in the top quartile nationally, while cafés are limited—suggesting daily needs are well covered with fewer lifestyle venues nearby.
For investors, the renter base is deep: the share of housing units that are renter-occupied sits well above the national median, indicating a sizable tenant pool and potential support for leasing velocity. Neighborhood occupancy is around the metro median and has trended upward over the past five years, reinforcing demand stability rather than relying on short-term catalysts.
The asset’s 2007 vintage is newer than the neighborhood’s average year built, which can enhance competitive positioning versus older stock. That said, nearly two decades of operation may warrant selective system updates or light renovations to maintain pricing power.
Within a 3-mile radius, WDSuite indicates solid population and household growth over the past five years, with additional gains projected into the next cycle—pointing to a larger tenant base over time. Median contract rents in the neighborhood sit near the metro middle and have risen over the last five years; paired with a high value-to-income profile locally, this supports sustained reliance on multifamily housing. These trends, supported by multifamily property research, suggest demand depth with manageable replacement competition from entry-level ownership.
Neighborhood safety indicators are mixed in a metro context and below average nationally, based on WDSuite’s benchmarks. Overall crime levels track near the Gainesville metro middle (ranked against 114 neighborhoods), while national percentiles indicate the area is less safe than many peers. Investors should underwrite to prudent security and operating practices.
Trendwise, violent offense estimates have improved over the past year, landing in a stronger improvement bracket nationally, while property offense remains an area to monitor. Interpreting the data comparatively—not as block-level guarantees—supports a practical approach: emphasize lighting, access controls, and resident engagement to help sustain retention.
This 2007-vintage, 100-unit property benefits from a high renter concentration in the surrounding neighborhood and strengthening occupancy trends near the metro median. Population and household growth within a 3-mile radius point to ongoing renter pool expansion, while a high value-to-income profile and everyday amenity coverage (groceries, parks, pharmacy, childcare) reinforce reliance on multifamily. According to CRE market data from WDSuite, neighborhood rents sit around the metro middle, with multi-year growth that supports a steady pricing narrative rather than outsized volatility.
Relative to the neighborhood’s older average vintage, the asset’s newer construction can compete well versus aging stock, though selective modernization may be prudent as systems mature. Underwriting should account for measured affordability pressure and mixed-but-improving safety indicators, balancing demand depth with practical operating risk management.
- 2007 vintage versus older neighborhood stock supports competitive positioning with targeted modernization
- High renter-occupied share and metro-median occupancy trends back leasing stability and tenant depth
- 3-mile population and household growth points to a larger renter base and supports sustained occupancy
- Risks: below-average national safety percentiles and modest affordability pressure warrant prudent operations and lease management