| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6108 SW 9th Pl, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1981 |
| Units | 100 |
| Transaction Date | 2006-06-04 |
| Transaction Price | $133,200 |
| Buyer | FLORIDA REAL ESTATE ENDEAVORS 11 LLC |
| Seller | OAKERY INVESTMENT WS LLC |
6108 SW 9th Pl Gainesville Multifamily Investment
Neighborhood data point to a deep renter pool and steady demand drivers, according to WDSuite’s CRE market data, with metrics described here reflecting the surrounding neighborhood rather than the property itself.
The property sits in an Inner Suburb of Gainesville with a neighborhood rating of B and a competitive amenity positioning among 114 metro neighborhoods. Pharmacy access is strong (top quintile nationally), while everyday conveniences like groceries, parks, and cafes are limited within the immediate neighborhood, suggesting residents likely rely on nearby corridors for services and dining.
Rents in the neighborhood have risen over the past five years and sit around the middle of the pack locally, while the neighborhood occupancy rate has improved over the period. That said, the current neighborhood occupancy level trends below the metro median, which argues for hands-on leasing and renewals to maintain stability.
Renter concentration is high, with roughly 71% of housing units renter-occupied. For investors, that depth of renter-occupied housing supports a broad tenant base and ongoing demand for multifamily units, particularly for well-managed workforce housing.
Within a 3-mile radius, households increased even as population edged down, indicating smaller household sizes and a shift toward more, smaller households entering the market. Forward-looking projections show growth in both population and households, which should expand the renter pool and support occupancy and leasing velocity over time, based on CRE market data from WDSuite.
Safety indicators for the neighborhood are weaker than many Gainesville areas, ranking below the metro median (ranked 68 out of 114 neighborhoods). Compared with neighborhoods nationwide, the area sits in a lower safety percentile. Recent data, however, show year-over-year declines in both violent and property offense estimates, indicating improvement in trend even if levels remain elevated.
For underwriting and operations, this mix suggests prudent security measures, lighting, and resident engagement can help support resident retention while monitoring continuing trend improvements.
This 100-unit asset benefits from a high share of renter-occupied housing in the surrounding neighborhood, a steadily expanding household base within a 3-mile radius, and improving safety trends. Neighborhood occupancy has strengthened over the past five years even if it remains below the metro median, signaling stable demand that responds to active leasing and pragmatic renewal strategies. According to CRE market data from WDSuite, rent levels are mid-market locally, supporting a value position with room to optimize through operations and selective upgrades.
Looking ahead, projections show population and households expanding nearby, which should grow the tenant base and underpin occupancy stability. Ownership costs are moderate for the region, and the neighborhood’s strong renter concentration suggests continuing reliance on multifamily housing, supporting leasing durability with appropriate pricing and retention tactics.
- High renter-occupied share supports a broad tenant base and ongoing leasing demand
- Neighborhood occupancy has improved over five years, with mid-market rents aiding absorption
- 3-mile household growth and projections expand the renter pool, supporting future occupancy
- Operational upside via active leasing, renewals, and selective upgrades in a mid-rent submarket
- Risk: safety levels lag metro averages; continued security and community engagement remain important