| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 63 SW 71st Way, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 2007 |
| Units | 100 |
| Transaction Date | 2022-03-11 |
| Transaction Price | $2,200,000 |
| Buyer | HF PORTFOLIO LLC |
| Seller | FORTNER FAMILY FOUNDATION INC |
63 SW 71st Way, Gainesville FL Multifamily Investment
Newer 2007 construction in a renter-heavy inner suburb positions this asset for steady leasing, while neighborhood occupancy has trended higher over the past five years according to WDSuite’s commercial real estate analysis. Neighborhood figures reflect area conditions, not property performance.
This Inner Suburb neighborhood carries a B rating among Gainesville submarkets, with a renter-occupied share near the top of the metro (ranked 8 out of 114), indicating a deep tenant base and durable demand for multifamily units. Neighborhood occupancy sits below the metro median (ranked 82 of 114) but has improved meaningfully over the past five years, a constructive signal for stabilization and renewal risk management based on CRE market data from WDSuite.
Livability is mixed: restaurant density is competitive among Gainesville neighborhoods (ranked 25 of 114), while pharmacies are relatively accessible (ranked 5 of 114). However, cafes, grocery stores, and parks are sparse within neighborhood bounds. Investors should underwrite convenience through nearby corridors rather than assuming walkable retail.
Home values in the neighborhood are moderate versus national benchmarks. In practice, a more accessible ownership market can create some competition for well-qualified renters, but it also supports lease retention for professionally managed assets that emphasize value, maintenance, and convenience.
Demographics within a 3-mile radius show households increasing despite a modest population dip, pointing to smaller household sizes and an expanding renter pool. Forward-looking projections indicate growth in both population and households through 2028, which supports occupancy stability and a broader tenant base for multifamily assets.
Relative to the metro, this neighborhood’s crime profile trends weaker (crime rank 68 out of 114), and its national standing is also below average. That said, recent year-over-year estimates show declines in both violent and property offenses, suggesting incremental improvement. These figures reflect neighborhood-level conditions rather than property-specific outcomes; investors typically address this through security design, lighting, and resident screening.
Built in 2007, the property is newer than the neighborhood average vintage, offering competitive positioning versus older stock and potentially lower near-term capital needs. Neighborhood occupancy has improved over the past five years, and a high renter concentration (ranked 8 of 114 metro neighborhoods) supports depth of demand. According to CRE market data from WDSuite, the area’s rent and home value context is moderate nationally, which can sustain renter reliance on multifamily while still requiring disciplined pricing and amenity execution.
Within a 3-mile radius, household counts have risen and are projected to grow further, implying a larger tenant base and sustained leasing pipelines. Underwriting should balance this demand backdrop with practical considerations around neighborhood convenience and a measured approach to affordability to support retention and occupancy stability.
- 2007 vintage offers competitive positioning versus older neighborhood stock and manageable near-term capex planning.
- Renter-occupied share ranks among the highest in the metro (8 of 114), supporting tenant base depth for multifamily.
- Neighborhood occupancy has trended higher over five years, aiding lease-up and renewal strategies.
- 3-mile household growth and smaller household sizes indicate an expanding renter pool and sustained demand.
- Risks: neighborhood safety ranks below metro median and local retail is limited; focus on security design, resident screening, and amenity execution.