| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 56th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5333 SW 75th St, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 2001 |
| Units | 100 |
| Transaction Date | 1996-09-10 |
| Transaction Price | $400,000 |
| Buyer | ASBURY PARK APTS GAINESVILLE L L C |
| Seller | SHEY ASSOC INC |
5333 SW 75th St Gainesville Multifamily Investment
Neighborhood-level occupancy has trended higher and renter demand is reinforced by a large share of renter-occupied units in the area, according to WDSuite’s CRE market data. For investors, this supports screening 5333 SW 75th St for stable leasing fundamentals relative to nearby alternatives.
This Inner Suburb location in Gainesville balances daily convenience with suburban livability. Neighborhood amenities skew toward necessities: grocery and pharmacy access ranks competitively within the metro (13th and 9th out of 114 neighborhoods), and parks density is a local strength (3rd of 114), while cafes and childcare are thinner nearby. Average school ratings trend around mid-level nationally, which can support broad renter appeal for households seeking practical access rather than prestige options, based on CRE market data from WDSuite.
The neighborhood’s renter-occupied share is high (59.4% of housing units), indicating a deep tenant base and consistent demand for multifamily product. For underwriting, interpret this as depth for renewals and steady leasing, while still monitoring concessions and turnover typical of renter-heavy areas. Occupancy noted here is measured for the neighborhood, not the property.
At the metro level, this neighborhood rates A- (ranked 18th of 114), placing it competitive among Gainesville neighborhoods. Median contract rents sit slightly above the metro median, and rent-to-income metrics suggest manageable affordability pressure, which can support retention and measured pricing power without relying on outsized rent steps.
Within a 3-mile radius, population and households have grown, with households rising faster than population and average household size trending smaller. Forward-looking projections indicate additional household growth, which points to a larger tenant base and supports occupancy stability for well-positioned multifamily assets.
Safety trends should be considered in context of Gainesville and similar inner-suburban areas. This neighborhood’s crime rank sits on the less favorable side of the metro (49th of 114), indicating higher crime incidence relative to many Gainesville neighborhoods. Nationally benchmarked percentiles also place both violent and property offenses in lower safety percentiles.
Recent year-over-year movement shows improvement, with estimated property offenses down and violent offenses easing modestly. For investors, practical measures include calibrated security budgets, lighting and access controls, and resident engagement programs, recognizing that conditions vary by block and change over time.
Built in 2002, the asset is newer than the neighborhood average vintage (1992), which typically helps competitiveness versus older stock while still warranting targeted system upgrades and common-area refresh over a hold. Renter concentration in the neighborhood is high and neighborhood-level occupancy has improved over the past five years, supporting demand depth and renewal potential. According to commercial real estate analysis from WDSuite, local amenities skew toward everyday needs (grocery, pharmacy, parks), aligning with workforce-oriented renter profiles and steady leasing.
Households within a 3-mile radius have expanded faster than population, with smaller average household sizes projected, which generally supports a larger renter pool. Ownership costs are moderate for Gainesville, which can add some competition from for-sale options, but rent-to-income levels indicate manageable affordability pressure that can sustain retention with disciplined rent setting.
- Newer 2002 vintage versus local stock, supporting competitive positioning with selective capex
- High neighborhood renter-occupied share points to a deep, reliable tenant base
- Household growth within 3 miles and smaller household sizes support sustained multifamily demand
- Everyday amenities (grocery, pharmacy, parks) nearby reinforce leasing convenience
- Risks: below-metro-average safety requires practical security planning; moderate ownership accessibility may compete with entry-level renters