| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 59th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4027 SW 17th Ln, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 1994-07-22 |
| Transaction Price | $105,000 |
| Buyer | BOUGHANNAM AREF S |
| Seller | --- |
4027 SW 17th Ln Gainesville Multifamily Investment
Neighborhood data points to deep renter demand and strong daily-needs access, according to WDSuite’s CRE market data, supporting stable leasing for well-managed assets. Occupancy metrics are measured for the neighborhood and indicate steady performance with competitive amenity density for Gainesville.
This Inner Suburb location ranks 2 out of 114 Gainesville neighborhoods overall (A+), signaling competitive fundamentals within the metro. Amenity access is a clear strength: grocery options rank 2 of 114 and restaurants 3 of 114, placing the area among the most convenient submarkets locally and in the top quartile nationally for amenity density. These factors typically support retention and day-to-day livability for renters.
Neighborhood occupancy is approximately in the high‑80% range, and the area shows a high renter-occupied share (about four out of five housing units), indicating a sizable tenant base to draw from for multifamily leasing. Note that these occupancy and tenure figures describe the neighborhood, not the property, but they point to a durable pool of renters for comparable assets.
Within a 3‑mile radius, the area skews younger with a large 18–34 cohort and has seen an increase in households in recent years, with projections indicating further household growth through 2028. This dynamic suggests a larger tenant base over time and supports occupancy stability for assets positioned to capture demand from students, early-career professionals, and workforce renters.
Home values are comparatively modest while the value-to-income ratio sits high versus national peers, a combination that can keep many households oriented to rentals longer. From an investor standpoint, that backdrop generally supports leasing velocity and pricing power for well-operated units, while elevated rent-to-income ratios in the neighborhood warrant attentive lease management and renewal strategies.
The average neighborhood construction year trends toward the mid‑1990s, while this asset was built in 1980. That older vintage often implies near- to medium-term capital planning for systems and finishes, but it can also present value‑add upside where renovations are targeted to prevailing renter preferences in competitive Gainesville submarkets.
Safety indicators place the neighborhood below the national median, and its crime rank sits slightly on the less favorable side relative to the Gainesville metro (53 out of 114 neighborhoods). Even so, recent year-over-year trends show declines in both violent and property offense rates, suggesting conditions have been improving. Investors should underwrite with a focus on on-site security practices and resident engagement to support retention and stabilize operations.
Built in 1980 with 100 units, the property sits in a Gainesville neighborhood that ranks near the top of the metro and offers strong access to daily needs. Neighborhood occupancy trends in the high‑80% range and a high renter-occupied share point to demand depth, while the area’s young adult concentration and projected household growth within a 3‑mile radius support a larger tenant base over time. According to commercial real estate analysis from WDSuite, amenity density and renter orientation are consistent tailwinds for leasing and retention.
The 1980 vintage is older than the neighborhood average, framing a clear value‑add thesis through targeted interior and system upgrades to compete with mid‑1990s stock. At the same time, elevated rent-to-income ratios in the neighborhood call for disciplined pricing and renewal strategies to balance occupancy stability with revenue growth.
- Renter-oriented neighborhood with high share of renter-occupied units supporting demand depth
- Competitive amenity access (grocers, dining) that supports retention and leasing velocity
- Young adult concentration and projected household growth within 3 miles expand the tenant base
- Value-add potential given 1980 vintage versus mid‑1990s neighborhood average
- Risk: Elevated neighborhood rent-to-income ratios require careful lease and renewal management