| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 41st | Fair |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3501 NE 15th St, Gainesville, FL, 32609, US |
| Region / Metro | Gainesville |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | 1984-09-01 |
| Transaction Price | $2,255,200 |
| Buyer | FOREST & VILLAGE PRESERVATION LP |
| Seller | FOREST & VILLAGE FA OWNER LLC |
3501 NE 15th St Gainesville Multifamily Investment
Neighborhood occupancy runs in the top quartile locally, pointing to stable renter demand and resilient leasing, according to CRE market data from WDSuite. This supports a durable cash-flow profile for a 100-unit asset in Gainesville s inner-suburban fabric.
The property sits in an Inner Suburb of Gainesville where neighborhood occupancy ranks in the top quartile among 114 metro neighborhoods and trends above many areas nationally. That backdrop, paired with a renter-occupied share that also sits in the top quartile locally, signals a deep tenant base that supports leasing stability and reduces downtime risk.
Amenity access is mixed: grocery and restaurant density both rank in the top quartile among 114 Gainesville neighborhoods, while cafes, parks, and pharmacies are limited in the immediate area. For investors, this combination suggests reliable daily-needs convenience with fewer lifestyle amenities that might otherwise command premium rents.
Rents benchmark above the metro median (top quartile rank locally), indicating some pricing power when operations and finish levels are competitive. At the same time, neighborhood rent-to-income metrics trend favorable, which can support retention and measured growth without overextending residents, based on CRE market data from WDSuite.
Within a 3-mile radius, demographics show recent population and household growth with projections pointing to additional household gains, implying a larger tenant base over time. The neighborhood s homeownership costs are relatively accessible compared with high-cost markets, which can introduce some competition from entry-level ownership; however, the sizable renter-occupied share in the neighborhood underscores ongoing demand for multifamily options.
Safety indicators in this neighborhood track below metro averages and fall in lower national percentiles, signaling elevated incident rates relative to many U.S. neighborhoods. That said, recent year-over-year trends point to declines in both property and violent offenses, which investors can weigh alongside asset-specific security measures and management practices.
This Gainesville asset benefits from a neighborhood with top-quartile occupancy and a renter-occupied housing share that supports steady leasing. According to CRE market data from WDSuite, local rents benchmark above the metro median while rent-to-income dynamics remain manageable, a combination that can sustain retention and measured rent growth when operations are well executed.
Household growth within a 3-mile radius expands the renter pool over time, reinforcing demand for a 100-unit property of this scale. Amenity access skews toward daily-needs convenience (groceries, restaurants) rather than premium lifestyle features, which may limit outsized rent premiums but supports durable, workforce-oriented demand.
- Top-quartile neighborhood occupancy supports cash-flow stability
- Renter-occupied share is high locally, indicating depth of tenant demand
- Rents benchmark above metro median with favorable rent-to-income dynamics
- 3-mile household growth expands the prospective renter base
- Risks: safety metrics trail regional and national benchmarks; limited parks/cafes may cap lifestyle-driven premiums