| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 59th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3751 SW 20th Ave, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1978 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3751 SW 20th Ave Gainesville Multifamily Investment
Amenity-rich inner suburb with a deep renter base and steady demand drivers, according to WDSuite’s CRE market data. Focus is on renter concentration and neighborhood convenience that can support occupancy management and pricing discipline through cycles.
Situated in Gainesville’s Inner Suburb, the neighborhood ranks 2 out of 114 metro neighborhoods with an A+ rating, reflecting strong livability and investor-friendly fundamentals at the neighborhood level rather than property-specific performance. Dense retail and daily needs nearby stand out: grocery and pharmacy access score competitively within the metro and place the neighborhood in the upper percentiles nationally for amenity availability.
Renter-occupied housing is a defining feature, with the neighborhood’s renter concentration among the highest in the metro (ranked 1 of 114). For multifamily owners, this indicates a deep tenant pool and consistent leasing opportunities, though active lease management remains important where overall neighborhood occupancy (measured for the neighborhood, not the property) trends closer to the middle of the local distribution.
Within a 3-mile radius, demographics point to an expanding renter pool: households increased over the last five years and are projected to grow further, while median contract rent has risen and is forecast to advance again by 2028. These dynamics, combined with a sustained majority share of renter households in the 3-mile area, support ongoing demand for professionally managed apartments.
The asset’s 1978 vintage is older than the neighborhood’s average construction year (1995). That age profile typically calls for targeted capital planning and selective renovations to enhance competitiveness against newer stock, with potential to capture value-add returns if improvements align with tenant preferences and neighborhood rent bands.
Home values in the neighborhood are comparatively modest in absolute terms, but the value-to-income ratio ranks near the top of Gainesville’s distribution, suggesting a high-cost ownership market relative to local incomes. For investors, this often sustains renter reliance on multifamily housing and can support retention, while the neighborhood’s rent-to-income dynamics warrant attention to affordability pressure when setting renewal strategies.
Safety indicators are mixed. The neighborhood’s crime rank sits at 53 out of 114 Gainesville neighborhoods, signaling higher incidents than many peers in the metro. Nationally benchmarked indices place the area below national norms for safety; however, recent year-over-year trends show improvement with declining estimated rates for both violent and property offenses. For investors, underwriting should incorporate prudent security, lighting, and site-management measures, while acknowledging improving momentum.
This 100-unit, 1978-vintage property competes in a Gainesville inner-suburb location with strong neighborhood fundamentals and a deep renter base. Based on CRE market data from WDSuite, the area combines high amenity access with one of the metro’s highest shares of renter-occupied housing, supporting a broad tenant pool and steady leasing cadence. Neighborhood occupancy sits around mid-pack locally, so disciplined operations remain important to sustain collections and limit downtime.
The 3-mile radius shows household growth historically with further expansion forecast, alongside rising market rents—conditions that can support revenue growth for well-positioned assets. Given the property’s older vintage relative to neighborhood stock, a focused value-add or systems modernization plan can enhance competitiveness against newer assets. Affordability pressure (elevated rent-to-income dynamics at the neighborhood level) is a watch item, suggesting measured rent setting and amenity-driven retention tactics.
- Deep renter base in a high-renter neighborhood supports consistent leasing and tenant sourcing
- Amenity-rich location with strong access to groceries, restaurants, and daily needs aids retention
- Household growth within 3 miles and rent momentum underpin revenue potential for well-operated assets
- 1978 vintage presents value-add and systems-upgrade opportunities to improve competitive positioning
- Risk: neighborhood safety metrics trail national norms and affordability pressure requires careful rent and renewal management