| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 56th | Good |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3719 SW 30th Ter, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 1979 |
| Units | 100 |
| Transaction Date | 2000-08-21 |
| Transaction Price | $1,069,800 |
| Buyer | 36 INVESTMENTS INC |
| Seller | --- |
3719 SW 30th Ter Gainesville Multifamily Investment
Renter demand in the immediate neighborhood is supported by a high share of renter-occupied housing and improving occupancy, according to WDSuite’s CRE market data. The location offers steady leasing fundamentals for value-focused investors while remaining sensitive to local affordability dynamics.
This Urban Core neighborhood (B+ rating) shows stable renter appeal, with neighborhood occupancy improving over the past five years and a notably high renter-occupied share that deepens the multifamily tenant base. Median contract rents in the neighborhood are positioned above many Gainesville peers, suggesting durable pricing power for well-managed assets.
Amenities are mixed. Restaurant density ranks competitive among Gainesville neighborhoods, while other daily conveniences (grocery, parks, pharmacies, cafes, childcare) are limited within the neighborhood boundary. For investors, that mix points to demand driven more by proximity and housing utility than by a broad amenity stack, reinforcing the importance of on-site features and management quality.
Within a 3-mile radius, demographics indicate recent population and household growth, with projections calling for continued expansion in both households and incomes. This supports a larger tenant base and potential lease-up resilience as more renters enter the market. Household sizes are trending smaller in the forecast window, which can favor smaller-unit absorption and steady turnover management.
The property’s 1979 vintage is older than the neighborhood’s average construction year. That age profile signals near- to medium-term capital planning needs but also creates potential value-add and repositioning upside versus newer stock, especially if unit finishes, building systems, and curb appeal are upgraded to compete effectively.
Home values in the neighborhood sit at comparatively modest levels for Florida, which can create some competition from ownership options. Even so, a high local rent-to-income ratio indicates affordability pressure on renters; owners should manage renewals and rent steps carefully to sustain retention while maintaining occupancy stability.
Safety indicators for the neighborhood track below metro and national averages, with crime ranking in the lower half among 114 Gainesville neighborhoods. Nationally, the area sits in lower percentiles for safety. Recent trends, however, show year-over-year declines in violent offenses and a slight reduction in property offenses, indicating incremental improvement that owners can monitor as part of risk assessment and insurance planning.
The investment case centers on renter demand depth, operational upside, and value-add potential. The neighborhood supports multifamily with a high renter-occupied share and improving occupancy, while 3-mile demographics point to ongoing population and household growth that can expand the tenant base. According to CRE market data from WDSuite, neighborhood rents are competitive for Gainesville, positioning a well-executed renovation and management plan to capture steady leasing.
Built in 1979, the asset is older than surrounding stock, offering a clear path for thoughtful renovations to enhance competitiveness and drive rent premiums. Risks to underwrite include affordability pressure (elevated rent-to-income ratios), a thinner neighborhood amenity set beyond restaurants, and safety metrics that trail metro and national benchmarks; each can be mitigated through targeted capex, service-forward operations, and disciplined lease management.
- High renter concentration supports demand depth and occupancy stability
- 3-mile population and household growth expand the tenant pool and leasing resiliency
- 1979 vintage provides value-add and repositioning potential versus newer stock
- Neighborhood rents competitive for Gainesville, with room to capture renovated-unit premiums
- Risks: affordability pressure, limited non-restaurant amenities, and below-average safety metrics