| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 54th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3443 SW 24th St, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 2007 |
| Units | 100 |
| Transaction Date | 2006-06-29 |
| Transaction Price | $660,000 |
| Buyer | ROCHEFORT CARRIER PROPERTIES INC |
| Seller | WHISPERING PINES OF GAINESVILLE LLC |
3443 SW 24th St Gainesville FL Multifamily Investment
Renter demand in this inner-suburban Gainesville neighborhood is deep, with a high share of units renter-occupied and everyday amenities close by, according to WDSuite s CRE market data. The area s positioning supports consistent leasing, though rent-to-income levels suggest measured pricing strategy.
The property sits in an Inner Suburb of Gainesville that ranks 11 out of 114 metro neighborhoods (top quartile among 114), reflecting solid fundamentals and day-to-day convenience for renters. Amenity access is a relative strength: restaurants and groceries are dense for the metro, and cafes and pharmacies score in high national percentiles. Park access is limited within the immediate neighborhood, which may modestly reduce outdoor amenity appeal versus greener submarkets.
Renter concentration is a defining characteristic. Within the neighborhood, the share of housing units that are renter-occupied is among the highest locally (near the top of the metro distribution), creating a broad tenant base and supporting leasing velocity for multifamily. Neighborhood occupancy trends have improved over the last five years but remain below national norms, so underwriting should assume steady marketing and renewal focus rather than automatic lease-ups.
Demographics aggregated within a 3-mile radius point to a large pool of 18–34 year-olds today and continued expansion in households over the next several years, indicating a larger tenant base that can support occupancy stability. As households grow and incomes rise from a relatively modest baseline, demand for well-managed, professionally operated rentals should endure; however, rent-to-income ratios suggest investors should balance rent growth with retention objectives.
Home values in the neighborhood track below many national peers, which can introduce some competition from entry-level ownership options. Even so, the high renter-occupied share and strong proximity to daily needs tend to reinforce reliance on multifamily housing, supporting lease retention and consistent absorption for appropriately positioned assets.
Safety metrics for this neighborhood are mixed and should be evaluated in context. Relative to other Gainesville neighborhoods, the area sits below the metro median (ranked 73 out of 114), and compared with neighborhoods nationwide it falls in lower safety percentiles. Recent year-over-year trends show property offenses easing modestly while violent incidents edged higher, suggesting conditions are in flux rather than uniformly improving or deteriorating.
For investors, this typically points to pragmatic operating responses: prioritize lighting, access control, and resident engagement, and calibrate marketing to emphasize convenience and management practices. Benchmark against nearby submarkets during due diligence to align security planning and insurance assumptions with local realities.
Built in 2007, the asset is newer than much of the local stock, which averages the mid-1990s. That vintage can offer competitive positioning versus older inventory while still leaving room for targeted updates to systems and common areas over a hold period. The neighborhood s top-quartile metro ranking, dense amenity access, and very high renter-occupied share point to durable renter demand, even as neighborhood occupancy sits below national norms and calls for disciplined leasing management. Based on commercial real estate analysis from WDSuite, these dynamics support a balanced thesis: reliable demand drivers with manageable execution risk.
Demographic signals within a 3-mile radius show population and household growth alongside an outsized 18 –34 renter pool, which typically supports absorption and renewal rates. Ownership costs are comparatively accessible locally, which can create some competition with entry-level buying; however, the area s renter orientation, daily-needs proximity, and a value-forward unit mix can sustain occupancy and retention if pricing is managed against rent-to-income pressure.
- 2007 vintage offers competitive positioning versus older neighborhood stock with selective modernization upside
- High renter-occupied share supports a deep tenant base and steady leasing
- Amenity-rich Inner Suburb location (food, groceries, pharmacies) reinforces daily convenience and retention
- 3-mile demographics indicate a large 18 –34 cohort and growing households to support demand
- Risks: neighborhood safety ranks below metro median, occupancy trails national norms, and affordability pressure warrants measured rent growth