| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 59th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4100 SW 17th Pl, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | 1994-09-01 |
| Transaction Price | $1,370,000 |
| Buyer | WU WONG |
| Seller | --- |
4100 SW 17th Pl Gainesville Multifamily Investment
Stabilized renter demand and strong amenity access in an inner-suburb location underpin leasing potential, according to WDSuite s CRE market data. The neighborhood s high renter concentration supports a deep tenant base relative to many Gainesville submarkets.
This Inner Suburb location ranks 2 out of 114 Gainesville metro neighborhoods (A+ rating), placing it in the top quartile among metro peers for overall fundamentals. Restaurant and grocery density are among the highest in the metro, indicating daily-needs convenience and lifestyle amenities that can aid retention and leasing velocity.
The neighborhood s share of housing units that are renter-occupied is high (top-tier locally and high nationally), signaling a deep multifamily tenant pool. Neighborhood occupancy is below the metro median, suggesting the submarket is competitive but not supply-constrained; effective property operations and positioning matter for maintaining occupancy stability.
Within a 3-mile radius, demographics point to a large renter pool: households have grown in recent years and projections indicate continued population growth and more households by 2028, supporting demand for rental units. A relatively small average household size further aligns with demand for smaller-format units and student/young-professional segments.
Median home values in the neighborhood are lower than many U.S. areas, yet the value-to-income ratio is elevated, indicating a high-cost ownership market relative to local incomes. For investors, this tends to reinforce renter reliance on multifamily housing, while the neighborhood s rent-to-income levels call for attentive lease management to mitigate affordability pressure and support retention.
The asset s 1972 construction is older than the neighborhood s average vintage (mid-1990s), which points to capital planning needs but also potential value-add and renovation upside to improve competitive positioning against newer stock.
Safety conditions should be evaluated thoughtfully. Relative to national norms, crime levels for this neighborhood index below national safety percentiles; within the Gainesville metro, the area sits around the middle of the pack. Recent year-over-year data indicate double-digit declines in both violent and property offenses, signaling improving trends, but investors should underwrite with conservative assumptions and monitor local enforcement and community initiatives.
The area benefits from a broad local employment base and convenient access to everyday services, which can support renter demand and lease retention; specific major employers and precise distances should be validated during due diligence.
This 100-unit, 1972-vintage property offers exposure to a top-ranked Gainesville neighborhood with strong amenity access and a deep renter base. While neighborhood occupancy trends are below the metro median, the high concentration of renter-occupied housing units and projected population and household growth within a 3-mile radius support sustained multifamily demand. Based on commercial real estate analysis from WDSuite, the location s convenience and demographics favor tenant retention, while vintage suggests value-add potential through targeted upgrades.
Ownership costs relative to local incomes tend to sustain rental reliance, but rent-to-income levels imply affordability pressure that warrants attentive lease management. Crime trends have improved year over year, yet remain weaker than national benchmarks, so underwriting should incorporate prudent security and operating assumptions.
- Top-ranked Inner Suburb location with dense restaurant/grocery access supporting leasing and retention
- High share of renter-occupied housing units indicates a deep tenant base and demand stability
- 1972 vintage points to value-add and modernization opportunities to compete with newer stock
- Population and household growth within 3 miles support long-run occupancy stability
- Risks: below-metro-median neighborhood occupancy, affordability pressure, and safety metrics below national benchmarks