| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 421 SW 67th Ter, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1983 |
| Units | 100 |
| Transaction Date | 2016-11-28 |
| Transaction Price | $195,000 |
| Buyer | HASAN MM LLC |
| Seller | DE GROPU INVESTMENT LLC |
421 SW 67th Ter Gainesville Multifamily Opportunity
Renter demand appears durable given a high neighborhood share of renter-occupied units and rising household counts nearby, according to WDSuite’s CRE market data. This positioning can support steady leasing even as occupancy normalizes across the metro.
Situated in Gainesville’s inner-suburb fabric, the property benefits from a renter-heavy neighborhood profile. The share of housing units that are renter-occupied is among the highest locally (top national percentile), which points to a deep tenant base and potential demand stability for multifamily investors.
Neighborhood occupancy trends have improved over the past five years but remain below the metro median (ranked 82 out of 114 Gainesville neighborhoods). Median contract rents are competitive among Gainesville neighborhoods (ranked 33 of 114), suggesting room for value positioning while maintaining leasing velocity.
Within a 3-mile radius, households increased while population edged lower in recent years, indicating smaller household sizes and continued formation of renter households. Forward-looking projections call for population growth and a substantial increase in households by 2028, reinforcing a larger tenant base and potential support for occupancy and rent levels.
Amenity access is mixed: pharmacy presence is strong relative to peers (high national percentile), while cafes, groceries, and parks are comparatively sparse. For investors, this mix favors everyday convenience but may require emphasizing on-site features or partnerships to offset lighter lifestyle retail nearby.
Home values are moderate for the region, and the value-to-income ratio sits on the lower side nationally. That ownership context can introduce some competition with for-sale options, yet the neighborhood’s high renter concentration continues to support multifamily absorption. Rent-to-income levels signal some affordability pressure, suggesting an emphasis on renewal strategy and thoughtful lease management to support retention.
Safety indicators trail both national and regional benchmarks. The neighborhood ranks 68 out of 114 Gainesville neighborhoods for overall crime, which is below the metro median, and it sits in the lower national percentiles for safety. That said, recent year-over-year trends point to improvement, with both violent and property offense rates declining, indicating directional progress investors can monitor.
This 100-unit asset, built in 1983, offers potential value-add positioning relative to older nearby stock while still benefiting from a renter-driven neighborhood. According to CRE market data from WDSuite, occupancy in the immediate area has improved over five years but remains below the metro median, which creates an opening to differentiate through targeted renovations, better unit mix utilization, and amenity programming to capture share.
Demand fundamentals are supported by a high share of renter-occupied housing locally and by 3-mile projections calling for population growth and a meaningful increase in households, implying a larger tenant base and support for occupancy stability. Affordability signals (including rent-to-income) point to measured pricing power; careful lease management and renewal incentives can help sustain retention. Ownership costs are relatively moderate, so investors should expect some competition from for-sale alternatives while leveraging the area’s strong renter concentration and expected household growth.
- High renter concentration supports a deeper tenant base and steady leasing.
- Improving but below-median neighborhood occupancy presents room to outperform via renovations and operations.
- 3-mile projections indicate population and household growth, reinforcing renter pool expansion and occupancy stability.
- 1983 vintage offers value-add and modernization potential to compete with newer assets.
- Risks: below-median safety metrics and moderate amenity depth; manage with security, resident engagement, and on-site upgrades.