| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5800 SW 20th Ave, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1981 |
| Units | 100 |
| Transaction Date | 2013-09-10 |
| Transaction Price | $6,500,000 |
| Buyer | SP MO APARTMENTS LLC |
| Seller | MAJESTIC OAKS HOLDINGS LLC |
5800 SW 20th Ave Gainesville Multifamily Investment
Renter-occupied housing is the majority in the immediate neighborhood, supporting a deeper tenant base and steadier leasing, according to WDSuite s CRE market data. Neighborhood occupancy has improved over the past five years, suggesting stabilizing demand even as the area competes with nearby ownership options.
This Inner Suburb location in Gainesville balances everyday convenience with workforce access. Within the metro, the neighborhood s overall standing is above the median (B rating), and amenities are competitive among Gainesville neighborhoods (ranked 38 out of 114), though they are modest by national standards. Local pharmacy access is a relative strength (high national percentile), while parks, cafes, and grocery options are limited nearby, which can influence resident preferences and retention strategies.
Renter-occupied housing comprises a large share of neighborhood units, indicating a substantial renter concentration that supports multifamily demand and depth of prospects. Neighborhood occupancy is in the lower half of the metro but has trended upward over the last five years, which can aid renewal performance with the right asset positioning and operations.
Within a 3-mile radius, households have grown despite recent population softness, and projections call for notable increases in both population and household counts over the next five years. Expected household growth alongside smaller average household sizes points to a larger tenant base and continued demand for professionally managed rental units.
Ownership costs locally are relatively accessible compared with many U.S. markets, which can create some competitive tension with for-sale alternatives. Effective leasing and amenity execution are therefore important for pricing power and lease-up velocity, particularly as rent-to-income levels suggest moderate affordability pressure that owners should monitor in renewal and concession strategies.
Safety conditions in this neighborhood are below the metro median (ranked 68 out of 114 Gainesville neighborhoods) and sit below national averages. However, recent-year trends show estimated declines in both violent and property offenses, indicating some directional improvement that operators can factor into risk management and tenant communications.
Built in 1981, this 100-unit asset offers scale with notably large average unit sizes (~1,403 sq. ft.), creating potential to drive retention through livability and differentiated layouts. Based on commercial real estate analysis from WDSuite, the surrounding neighborhood shows a high share of renter-occupied housing and improving occupancy trends, underscoring a durable renter pool even as local amenities vary.
Within a 3-mile radius, forecasts point to growth in population and households and smaller average household sizes, which together suggest renter pool expansion and support for occupancy stability. At the same time, relatively accessible ownership costs and below-median neighborhood safety warrant prudent underwriting, thoughtful amenity programming, and active lease management.
- 1981 vintage with scale; large average unit size enables retention-oriented positioning and value-add interior upgrades.
- High renter concentration nearby supports leasing depth and renewal potential as occupancy trends improve.
- 3-mile forecasts indicate population and household growth with smaller household sizes, reinforcing demand for multifamily units.
- Potential headwinds: relatively accessible ownership options, below-median neighborhood safety, and uneven amenity coverage necessitate disciplined operations.