| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 59th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3600 Windmeadows Blvd, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 1976 |
| Units | 100 |
| Transaction Date | 1976-01-01 |
| Transaction Price | $62,000 |
| Buyer | SUNDOWNE APARTMENTS LTD |
| Seller | --- |
3600 Windmeadows Blvd Gainesville Multifamily Investment
Renter demand is supported by a very high neighborhood share of renter-occupied housing and dense daily amenities, according to WDSuite’s CRE market data. For investors, this suggests a deep tenant base even as pricing power should be managed to sustain lease retention.
Situated in Gainesville’s Inner Suburb, the neighborhood scores an A+ overall rating and ranks 2nd among 114 metro neighborhoods, indicating competitive fundamentals. Amenity access is a strength: grocery and restaurant density are competitive among Gainesville neighborhoods and place the area in the top quartile nationally, supporting convenience-driven renter appeal and day-to-day leasing stability.
According to WDSuite’s commercial real estate analysis, cafes, groceries, restaurants, and pharmacies all benchmark in high national percentiles (generally mid‑80s to upper‑90s), while parks also track in the top quartile nationally. These patterns help sustain foot traffic and service availability that renters typically value, contributing to consistent touring and renewal interest.
The neighborhood’s renter-occupied share is among the highest in the Gainesville metro (ranked 1st of 114) and in the top percentile nationally. For multifamily investors, that concentration signals a large, active tenant pool and supports ongoing leasing velocity. At the same time, neighborhood occupancy trends are below national benchmarks, so operators should plan for hands‑on leasing and renewal management to maintain stability.
Demographic statistics aggregated within a 3‑mile radius point to population growth and a notable increase in households over the past five years, with forecasts calling for further renter pool expansion and smaller average household sizes. This mix typically benefits apartments by widening the tenant base and supporting occupancy over time, though effective rent strategies should remain calibrated to local incomes.
The property’s 1977 vintage is older than the neighborhood’s average construction year (1995). Investors should underwrite capital planning for building systems and consider value‑add or modernization to enhance competitive positioning versus newer stock.
Safety indicators benchmark below national averages in this neighborhood, reflecting elevated property and violent offense rates compared with neighborhoods nationwide. For investors, this typically points to the need for visible on‑site management, lighting, and access controls to support resident comfort and retention.
Recent trends show meaningful year‑over‑year declines in both violent and property offenses, according to WDSuite’s CRE market data. Continued improvement would be a constructive tailwind for leasing, but near‑term underwriting should assume security best practices and community engagement to sustain resident confidence.
This 1977‑vintage Gainesville multifamily opportunity benefits from an A+‑rated Inner Suburb location with exceptional amenity access and one of the metro’s highest renter concentrations. According to CRE market data from WDSuite, neighborhood occupancy trails national benchmarks, making proactive leasing, renewal management, and targeted amenity upgrades important for stability.
Within a 3‑mile radius, population growth, a substantial increase in households, and projections for further renter pool expansion support demand. Given local rent‑to‑income pressures, underwriting should emphasize calibrated pricing and resident retention. The older vintage presents clear value‑add pathways via system upgrades and selective renovations to improve competitive positioning versus newer stock.
- A+ neighborhood with strong daily convenience (groceries, dining, services) that supports leasing velocity
- Very high neighborhood renter-occupied share indicates depth of tenant base
- 3‑mile trends show population growth and household gains, pointing to renter pool expansion
- 1977 vintage offers value‑add potential through system upgrades and modernization
- Risks: occupancy below national benchmarks, affordability pressures, and the need for ongoing safety and renewal management