| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 619 SW 68th Ter, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 2022-03-23 |
| Transaction Price | $2,808,000 |
| Buyer | HOLLY HEIGHTS GAINESVILLE 1 LL |
| Seller | FOXTROT HOLDINGS LLC |
619 SW 68th Ter Gainesville Multifamily Investment
Renter demand is supported by a high neighborhood share of renter-occupied units and improving occupancy, according to WDSuite’s CRE market data. While rates trail stronger Gainesville submarkets, upward trends suggest potential for stable lease-up with disciplined operations.
Located in an inner-suburban pocket of Gainesville, the neighborhood shows a renter-occupied housing concentration near the top of the local distribution, signaling a deep tenant base for workforce-oriented multifamily. Neighborhood occupancy is below the metro median but has improved over the past five years, indicating directionally better leasing momentum even if stabilization may take longer than in Gainesville’s tighter submarkets.
Amenity access is mixed. Dining density is competitive among Gainesville neighborhoods (restaurants rank within the top quartile locally), and pharmacies are comparatively accessible. By contrast, neighborhood-level groceries, parks, and cafes are limited, so residents may rely on short drives to broader retail corridors. For investors, this pattern typically supports car-dependent renters and emphasizes on-site conveniences and parking over walkability.
Within a 3-mile radius, recent demographic patterns show a modest decline in population alongside a rise in household counts and smaller household sizes. That combination often points to demand for smaller floor plans and can help sustain occupancy. Forward-looking forecasts in the same 3-mile radius indicate growth in population and households, suggesting a larger tenant base over the medium term that can underpin leasing velocity.
Home values are moderate relative to national benchmarks, which can introduce some competition from ownership options. At the same time, rents relative to incomes indicate pockets of affordability pressure, so revenue management should balance pricing power with retention to reduce turnover costs. Relative to the Gainesville metro, the neighborhood’s overall standing is above the metro median on several housing and amenity measures but remains mixed on income and occupancy.
Safety indicators for the neighborhood are below the metro median and sit in lower national percentiles, signaling a weaker safety profile compared with many U.S. neighborhoods. Recent year-over-year data show declines in both violent and property offense rates, which is a constructive trend to monitor. Investors typically address this profile through lighting, access control, and community engagement policies that can support resident comfort and retention.
This Gainesville asset benefits from a deep renter pool and improving neighborhood occupancy, with demographics within a 3-mile radius pointing to increasing household counts and smaller household sizes that support demand for multifamily. Amenity access skews toward restaurants and pharmacies, while limited neighborhood groceries and parks suggest emphasis on car access and on-site features to enhance retention. Based on CRE market data from WDSuite, the neighborhood’s renter-occupied share is high and occupancy has trended upward, though both income levels and safety indicators warrant attentive leasing and operating strategies.
Positioning that focuses on efficient floor plans, consistent property upkeep, and pragmatic rent-setting can help convert the area’s sizable renter base into stable occupancy. Execution risk centers on affordability pressure and the need for visible safety measures; however, positive leasing trends and forecast household growth provide a supportive backdrop for long-term operations.
- High renter-occupied share supports a deep tenant base and leasing durability.
- Neighborhood occupancy has improved over five years, indicating better stabilization prospects with disciplined operations.
- Amenity mix favors dining and pharmacy access; property-level features and parking can offset limited neighborhood groceries and parks.
- Demographic trends within 3 miles show more households and smaller household sizes, aligning with demand for efficient units.
- Risks: below-median safety profile and affordability pressure require proactive security and revenue management.