| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 401 SW 67th Ter, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1984 |
| Units | 100 |
| Transaction Date | 1998-06-15 |
| Transaction Price | $68,000 |
| Buyer | LYONS HAROLD A |
| Seller | CHESHIRE LARRY H |
401 SW 67th Ter Gainesville Multifamily Investment Opportunity
Strong renter concentration and improving neighborhood occupancy indicate durable demand drivers, according to WDSuite’s CRE market data.
This Inner Suburb location serves workforce renters with convenient access to daily needs and services. Amenity density is mixed: pharmacies are relatively accessible within the neighborhood (competitive among Gainesville neighborhoods), while parks, cafes, childcare, and grocery options are limited. For investors, this suggests demand tied more to value and commute convenience than lifestyle clustering.
Neighborhood occupancy is measured at the neighborhood level and has trended higher over the last five years, supporting leasing stability for comparable assets. The area also shows a high share of renter-occupied housing units (about seven in ten), pointing to a deep tenant base and consistent multifamily demand.
Within a 3-mile radius, demographic statistics indicate that household counts have increased even as average household size declined, expanding the pool of prospective renters and supporting absorption. Forward-looking projections in the same 3-mile radius point to additional household growth and a smaller average household size, which typically bolsters the renter pool and supports occupancy stability. Median asking rents in the area have risen over the past five years, and forecasts call for continued growth, based on CRE market data from WDSuite.
Ownership costs are moderate in context, which can introduce some competition from for-sale options. However, elevated renter concentration in the neighborhood and continued population and household growth in the broader 3-mile area should help sustain leasing velocity and retention for well-positioned multifamily properties.
Safety conditions should be evaluated with care. Compared with neighborhoods nationwide, this area falls below the national median for safety, reflecting higher-than-average reported offense rates; however, both violent and property offense estimates have declined year over year, indicating recent improvement trends. Among the 114 neighborhoods in the Gainesville metro, the area is not among the top quartile for safety, but the downward trend in estimated offenses is a constructive signal for risk management and tenant retention.
This 100-unit, 1984-vintage asset offers operational scale with value-add and modernization potential. Being slightly newer than the neighborhood’s average construction year, it can compete effectively with older stock, while investors should plan for aging systems and cosmetic upgrades to drive rent premiums. High renter concentration in the neighborhood supports a broad tenant base, and neighborhood-level occupancy has improved over the last five years, a positive signal for cash flow durability.
Within a 3-mile radius, household growth and shrinking household sizes point to a larger pool of renters over the next cycle. Rising rents and steady demand fundamentals align with the submarket’s workforce profile, while moderate ownership costs warrant disciplined pricing and retention strategies. According to commercial real estate analysis from WDSuite, local fundamentals remain supportive for stabilized operations with selective value-add execution.
- Neighborhood-level occupancy has improved over five years, supporting leasing stability.
- High renter-occupied share indicates a deep tenant base for 100 units.
- 1984 vintage presents value-add and systems modernization opportunities to enhance competitiveness.
- 3-mile demographics show growing households and smaller household sizes, expanding the renter pool.
- Risks: below-median national safety metrics and moderate ownership alternatives require prudent underwriting and active tenant retention.