| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 54th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3224 SW 25th Way, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 2010-08-30 |
| Transaction Price | $1,121,100 |
| Buyer | CASTILLO ENTERPRISES LLC |
| Seller | CASTILLO RICARDO |
3224 SW 25th Way Gainesville Multifamily Investment
Amenity-rich inner suburb with a deep renter base offers durable tenant demand, according to WDSuite’s CRE market data, though leasing strategies should account for varying occupancy across nearby properties.
This Inner Suburb location in Gainesville balances daily convenience with steady renter demand. Neighborhood amenities rank competitively among 114 metro neighborhoods, with restaurants (ranked 5 of 114) and grocery access (3 of 114) indicating strong retail presence, and cafes (2 of 114) reinforcing foot-traffic and service density. These amenity concentrations place the area in the top quartile nationally for food and daily-needs access, supporting resident retention and leasing velocity.
The asset’s 1980 vintage is older than the neighborhood’s average construction year of 1994 (ranked 18 of 114), signaling potential value-add through interior renovations, energy systems upgrades, and exterior refreshes to stay competitive with newer stock. Such upgrades can help command stronger rents and reduce turnover relative to comparable legacy properties.
Renter-occupied housing is a defining feature: the neighborhood’s renter concentration is high (ranked 5 of 114), indicating a broad tenant base and consistent leasing pipeline for multifamily assets. However, the neighborhood occupancy level is below the metro median (ranked 93 of 114), so operators should prioritize leasing execution and renewals to stabilize performance.
Within a 3-mile radius, demographics show population and household growth, with households expanding faster than population, which supports a larger tenant base and sustained demand for rental units. Median home values in the neighborhood score below national midpoints, suggesting a relatively more accessible ownership market; investors should monitor potential competition from entry-level ownership while noting that renter reliance remains high. Rent-to-income dynamics point to some affordability pressure, underscoring the importance of disciplined pricing and renewal management. These takeaways are based on commercial real estate analysis from WDSuite’s market dataset.
Safety outcomes in this neighborhood trail broader metro and national benchmarks. The neighborhood’s crime positioning is below the metro median (ranked 73 out of 114), and national safety percentiles indicate weaker comparative standing. Operators should incorporate prudent security measures and resident engagement to support retention and on-site experience.
Recent trend data provide nuance: estimated property offenses declined modestly year over year, while violent offense estimates ticked up slightly. In practice, owners often balance lighting, access controls, and partnerships with local public safety resources to manage risk. These observations are framed comparatively and reflect neighborhood-level trends reported by WDSuite.
Positioned in an amenity-dense Gainesville submarket with a high share of renter-occupied units, this 100-unit property benefits from a large tenant pool and strong daily-needs access. According to CRE market data from WDSuite, nearby neighborhoods show competitive restaurant and grocery density and a pronounced renter concentration, supporting leasing depth even as occupancy varies by block. The 1980 construction provides clear value-add angles through unit modernization and system upgrades to improve competitive positioning versus 1990s-and-newer assets.
Household growth within a 3-mile radius points to continued renter pool expansion, while neighborhood home values and rent-to-income dynamics argue for measured pricing and focused renewal management. Security and operations planning remain important given comparative safety rankings, but recent data suggest mixed trends that can be addressed through proven site-level practices.
- Amenity-rich location with top-quartile neighborhood access to restaurants and groceries supports leasing velocity.
- High renter concentration (ranked 5 of 114) indicates a deep tenant base for multifamily demand.
- 1980 vintage offers actionable value-add through interior updates and building systems modernization.
- 3-mile household growth expands the renter pool, supporting occupancy stability over time.
- Risk: Below-median neighborhood safety and uneven occupancy call for proactive security and leasing management.