| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 70th | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4229 NW 43rd St, Gainesville, FL, 32606, US |
| Region / Metro | Gainesville |
| Year of Construction | 1999 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4229 NW 43rd St Gainesville Multifamily Opportunity
Positioned in a top-ranked Gainesville suburban neighborhood, this 1999-vintage asset benefits from stable renter demand and healthy rent-to-income dynamics, according to WDSuite s CRE market data.
The property sits in a suburban pocket of Gainesville that ranks in the top quartile among 114 metro neighborhoods, with strong day-to-day convenience. Neighborhood amenities score above national norms for parks, groceries, pharmacies, and cafes, supporting livability that helps with resident retention and leasing velocity.
Neighborhood occupancy is above the metro median, indicating steady absorption and generally reliable leasing conditions relative to the Gainesville market. Median household incomes in the area are higher than many U.S. neighborhoods, while the rent-to-income profile suggests manageable affordability pressure a combination that can support pricing power without materially elevating turnover risk.
Renter-occupied housing is a smaller share of units locally, implying a shallower immediate renter pool but also less direct competition from large multifamily clusters. For investors, that mix points to stable demand for quality assets that deliver convenience and professional management.
Within a 3-mile radius, population has grown modestly in recent years and households have increased, with average household size trending lower. This shift typically expands the number of renting households relative to total population, supporting occupancy stability for well-located communities near services and schools. Average school ratings sit near the national middle, which may be sufficient for broader renter appeal but is unlikely to be a primary draw on its own.
Compared with U.S. neighborhoods overall, WDSuite data indicate this area s safety profile sits below national averages. Within the Gainesville metro (114 neighborhoods), however, the neighborhood performs above the metro median, and recent trends show material year-over-year declines in both estimated violent and property offenses. Investors should view the trajectory as improving but continue to underwrite prudent on-site safety measures and lighting as part of operating plans.
The location serves a diversified Gainesville employment base accessible by arterial roads, supporting commuter convenience and leasing stability for workforce and professional renters.
Built in 1999, the community is newer than much of the surrounding housing stock, which can enhance competitiveness versus older properties while still offering selective value-add potential through modernization of interiors and common areas. According to CRE market data from WDSuite, neighborhood occupancy trends are above the metro median and local rent-to-income levels indicate manageable affordability pressure, both supportive of steady cash flow.
Household growth within a 3-mile radius and smaller average household sizes point to a larger tenant base over time, even as ownership remains prevalent nearby. Elevated home values in the neighborhood context help sustain reliance on rental options, while the property s suburban convenience and 1990s vintage position it to capture demand with thoughtful upgrades. Key risks include a smaller local renter concentration and safety metrics that, while improving, compare less favorably at the national level; both should be reflected in leasing strategy and capital planning.
- 1999 vintage offers competitive positioning versus older stock with value-add upside
- Above-metro neighborhood occupancy supports cash flow durability
- Higher local incomes and manageable rent-to-income aid retention
- 3-mile household growth and smaller household sizes expand renter pool
- Risks: smaller renter concentration locally and below-national safety benchmarks