| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 56th | Good |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3015 SW 41st Ln, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 1979 |
| Units | 100 |
| Transaction Date | 2000-08-21 |
| Transaction Price | $742,100 |
| Buyer | NETTY CORP INC |
| Seller | OAK GLADE APT L T D |
3015 SW 41st Ln Gainesville Multifamily Opportunity
Neighborhood renter concentration is high and occupancy has trended upward, according to WDSuite’s CRE market data, suggesting durable tenant demand despite variability across the metro.
This Urban Core location in Gainesville shows investor-relevant balance: renter-occupied housing is elevated (top tier locally), which supports depth of tenant demand, while neighborhood occupancy has improved over the past five years even if it trails the metro median. Median asking rents benchmark above national norms, and the neighborhood’s rent growth outpaced many Gainesville peers, signaling pricing power when operations and product positioning are competitive.
Within a 3-mile radius, population and household counts expanded over the last five years and are projected to continue growing, pointing to a larger tenant base and potential support for occupancy stability. Forecasts also indicate smaller average household sizes ahead, which can favor smaller unit formats and sustained leasing velocity for well-managed assets.
The property’s 1979 vintage is older than the neighborhood’s average construction year, which implies near- to medium-term capital planning for building systems and interiors. That age profile can also create value-add potential where renovations and common-area upgrades align with renter preferences, improving competitive positioning versus newer stock.
Local amenities register around the metro middle: restaurants per square mile rank competitive among Gainesville neighborhoods (14 of 114; 70th percentile nationally), while cafes, groceries, parks, and pharmacies are sparse within the immediate neighborhood. For investors, this mix suggests residents lean on nearby corridors for daily needs, with property-level convenience features and on-site services potentially aiding retention.
Safety indicators for this neighborhood sit below national averages. Crime ranks 64 out of 114 Gainesville neighborhoods, indicating higher incident exposure than areas that rank above the metro median. Nationally, both violent and property offense rates sit in lower percentiles, but year-over-year trends show improvement, with violent offenses declining at a pace that is above average compared with neighborhoods nationwide. Investors typically account for this by emphasizing lighting, access control, and resident engagement to support leasing and retention.
This 100-unit, 1979-vintage asset in Gainesville benefits from a deep renter pool and improving neighborhood occupancy, while positioning as an older property that can capture value through targeted upgrades. Based on CRE market data from WDSuite, renter-occupied housing share is high locally and rent benchmarks are above national norms, supporting demand for professionally managed units. Demographic indicators within a 3-mile radius point to population growth and a rising household count, suggesting a larger tenant base over the medium term.
Key considerations include affordability pressure—rent-to-income is elevated at the neighborhood level—alongside an amenity pattern that leans on nearby corridors rather than immediate walk-to options. These dynamics favor disciplined lease management, resident services, and unit mix optimization to sustain occupancy and pricing power.
- Strong renter concentration supports depth of demand and leasing stability.
- 1979 vintage presents value-add potential through systems, interior, and common-area upgrades.
- Neighborhood rents benchmark above national norms with multi-year growth momentum.
- 3-mile demographics indicate continued population and household growth, expanding the tenant base.
- Risks: below-metro occupancy level, affordability pressure, and sparse immediate amenities require active management.