| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 73rd | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 410 NE 11th St, Gainesville, FL, 32601, US |
| Region / Metro | Gainesville |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
410 NE 11th St Gainesville 100-Unit Multifamily
Neighborhood fundamentals point to durable renter demand and steady occupancy at the submarket level, according to WDSuite’s CRE market data. Amenity density and university-proximate dynamics support leasing continuity for well-managed assets.
This Inner Suburb location ranks first among 114 Gainesville neighborhoods for overall neighborhood rating (A+) and offers strong day-to-day convenience. Cafes and parks are among the area’s standouts, with cafe and restaurant density competitive even by national standards, while grocery access is solid at the metro scale. One trade-off to note is limited pharmacy presence within the immediate neighborhood.
Neighborhood occupancy is around the low-90% range and sits near the metro median, which suggests a stable baseline for collections and renewals rather than outsized lease-up risk. Renter concentration in the neighborhood is higher than most U.S. areas, indicating a deeper tenant base for multifamily assets and supporting demand durability. Median contract rents in the neighborhood are mid-market for Gainesville and have advanced over the last five years, aligning with steady absorption for well-kept properties.
Within a 3-mile radius, demographics reflect a sizable 18–34 cohort alongside growth in both population and households, with forecasts pointing to further expansion by 2028. For investors, this points to a larger tenant base over time and supports occupancy stability and renewal potential as new renters enter the market.
Home values locally are elevated relative to incomes compared with many Southeast markets, which tends to reinforce renter reliance on multifamily housing and can aid lease retention. At the same time, rent-to-income levels remain manageable for many household segments, helping balance pricing power with retention considerations. For multifamily property research, this mix of amenity access, renter depth, and balanced affordability is a constructive setup for long-term operations, based on CRE market data from WDSuite.
Safety conditions in the immediate neighborhood track around the middle of the pack within the Gainesville metro’s 114 neighborhoods. Compared with national benchmarks, reported offense rates are elevated; however, recent year-over-year trends indicate meaningful declines in both violent and property offenses, signaling gradual improvement. Investors should underwrite prudent security measures and monitor trend continuity as part of operating plans.
Built in 1972, the 100-unit asset is newer than much of the surrounding housing stock, which can support competitive positioning versus older properties while still presenting selective modernization opportunities for systems and finishes. The neighborhood’s amenity density, higher renter-occupied share, and near-metro-median occupancy collectively point to steady demand and renewal potential rather than outsized volatility, according to commercial real estate analysis using WDSuite’s data.
Within a 3-mile radius, population and household growth—anchored by a large 18–34 renter pool—supports ongoing depth of demand. Homeownership costs in the area remain high enough to sustain multifamily reliance, while rent-to-income dynamics suggest room for disciplined revenue management without overextending residents, aiding retention and occupancy stability.
- Amenity-dense A+ neighborhood with top-tier cafe/park access supporting leasing and renewal appeal
- Renter concentration above national norms provides a deeper tenant base for absorption
- 1972 vintage offers competitive stance versus older stock with targeted value-add upside
- 3-mile population and household growth expands the renter pool and supports occupancy stability
- Risk: Safety metrics remain below national norms despite recent improvement; underwrite prudent security and operating plans