| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 605 SW 67th Ter, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1981 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
605 SW 67th Ter Gainesville Multifamily Investment
Neighborhood renter concentration is high and occupancy has improved in recent years, pointing to a durable tenant base according to WDSuite’s CRE market data.
Situated in an Inner Suburb of Gainesville, the area supports workforce housing dynamics with a high share of renter-occupied units at the neighborhood level (70.6%), which generally deepens the tenant pool and can support leasing stability for multifamily assets.
Neighborhood occupancy stands in the mid-80% range and has trended upward over the last five years, indicating improving absorption and steadier operations versus earlier periods. Median contract rents track near national midpoints, suggesting room for disciplined rent management without overextending affordability.
Within a 3-mile radius, households have grown even as average household size decreased, signaling more, smaller households entering the market—supportive of demand for rental units. Looking ahead, 3-mile forecasts show notable gains in population and households by 2028, implying a larger tenant base and potential support for occupancy stability and leasing velocity.
Local amenities show mixed signals: pharmacies index strong nationally (around the 80th percentile), while cafes, groceries, and parks are limited inside the immediate neighborhood footprint—factors to weigh when positioning amenities on-site. Home values in the area are moderate in the metro context, which can create some competition with ownership options, but rent-to-income ratios indicate investors should balance pricing power with retention risk.
Safety metrics for the neighborhood are below national benchmarks, and the area ranks below the metro median among 114 Gainesville neighborhoods. However, recent year-over-year trends show declines in both violent and property offense rates, suggesting conditions have been improving off a weaker base.
Investors should underwrite with conservative assumptions for security and insurance, while noting the recent directional improvement and monitoring whether that momentum persists relative to broader Gainesville and national trends.
This Gainesville asset is positioned in a renter-heavy neighborhood, with improving occupancy and a tenant base supported by growing household counts within 3 miles. Median rents sit near national midpoints, helping maintain demand depth while still requiring attentive lease management as rent-to-income ratios approach levels where affordability pressure can emerge. According to CRE market data from WDSuite, the neighborhood’s occupancy and renter concentration support stable demand fundamentals.
Forward-looking demographics within a 3-mile radius point to meaningful growth in both population and households by 2028, implying a larger renter pool and potential support for retention and absorption. Amenity mix is uneven—strong pharmacy access but fewer cafes, groceries, and parks locally—so property-level amenities and service offerings can be differentiators. Safety indicators are weaker than regional and national norms but have improved year over year, warranting prudent operating assumptions and continued monitoring.
- High neighborhood renter concentration supports depth of tenant demand
- Occupancy has improved in recent years, reinforcing leasing stability
- 3-mile forecasts indicate population and household growth through 2028
- Median rents near national midpoints enable disciplined pricing without overreach
- Risks: below-median safety metrics and limited nearby cafes/groceries/parks call for conservative underwriting