| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 56th | Good |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3014 SW 41st Ln, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 1979 |
| Units | 100 |
| Transaction Date | 2000-08-21 |
| Transaction Price | $2,438,200 |
| Buyer | SILBER SAUL |
| Seller | OAK GLADE APT LTD |
3014 SW 41st Ln Gainesville Multifamily Opportunity
Neighborhood fundamentals point to a deep renter pool and steady leasing potential, with renter-occupied housing notably prevalent in the immediate area, according to WDSuite s CRE market data. Occupancy has trended upward locally, supporting a stable operating outlook despite mixed metro-relative positioning.
The property sits in Gainesville s Urban Core where renter-occupied housing is a defining feature. The neighborhood s renter concentration ranks 6 out of 114 metro neighborhoods a top-quartile position locally and very high compared with neighborhoods nationwide. For multifamily owners, this signals a broad tenant base and consistent leasing traffic.
Occupancy in the neighborhood is below the metro median (ranked 72 of 114) but has improved over the past five years, supporting a more resilient near-term outlook. Median asking rents in the area are competitive within the Gainesville metro (ranked 19 of 114), indicating pricing that has outperformed many local peers while remaining accessible to a wide renter base.
Within a 3-mile radius, demographics show population growth and a faster increase in households, expanding the potential renter pool and supporting occupancy stability. The area skews younger, and a higher share of renters sustains depth for workforce and student-oriented housing segments. These dynamics are consistent with national patterns in similar urban neighborhoods and point to durable demand for professionally managed apartments.
Local retail and daily-needs amenities are thinner inside the immediate neighborhood by national standards, which may modestly affect convenience. However, relative home values are lower than many parts of the metro, which can keep more households in rental housing longer and support retention, even as homeownership remains accessible in select submarkets.
Safety indicators for the neighborhood are mixed. Compared with the Gainesville metro, the area sits around the middle of the pack (crime rank 64 out of 114 neighborhoods), while nationally it scores in a lower safety percentile. Importantly, recent trends show improvement, with violent incidents declining year over year, which is a constructive sign for long-term neighborhood stability.
Investors should interpret these metrics as neighborhood-level context rather than property-specific risk. Continued monitoring of trend direction and on-the-ground management practices can help sustain leasing and resident retention as area conditions evolve.
Built in 1982, the property is older than the neighborhood average vintage, suggesting practical value-add and systems modernization opportunities that can sharpen competitive positioning against newer stock. The immediate area s high renter concentration and improving neighborhood occupancy create a supportive base for stable collections and leasing, while demographic growth within a 3-mile radius indicates a larger tenant base ahead.
Based on commercial real estate analysis sourced from WDSuite, neighborhood rents are competitive within the Gainesville metro and the renter pool is deep, supporting ongoing demand. Key watch items include affordability pressure relative to local incomes and amenity limitations in the immediate area, both of which can be managed through targeted renovations, service upgrades, and disciplined lease management.
- High renter concentration supports a deep, durable tenant base and consistent leasing.
- Neighborhood occupancy has trended upward, reinforcing operating stability.
- 1982 vintage offers value-add potential through interior and systems upgrades.
- Competitive neighborhood rents provide room for revenue optimization with measured improvements.
- Risks: affordability pressure versus local incomes and thinner nearby amenities may temper pricing power; proactive management can mitigate.