| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 630 SW 67th Ter, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 2014-04-15 |
| Transaction Price | $130,000 |
| Buyer | WONG MARINA |
| Seller | F & G PANCHAME CORP |
630 SW 67th Ter, Gainesville FL — Multifamily Investment Thesis
Neighborhood renter concentration is high with occupancy trending upward, suggesting demand depth and stable leasing conditions, according to WDSuite’s CRE market data.
Situated in an Inner Suburb of Gainesville with a neighborhood rating of B, this area ranks 51 out of 114 metro neighborhoods—above the metro median—indicating balanced fundamentals that support workforce housing. Neighborhood-level occupancy is below the metro median but has increased over the past five years, signaling improving absorption that can support stabilization efforts.
Livability is mixed. Overall amenities are competitive among Gainesville neighborhoods (ranked 38 of 114), yet daily conveniences like cafes, grocery, parks, and childcare are limited within the immediate neighborhood. Pharmacy access is a relative strength, tracking near the top of local options. For investors, this suggests resident reliance on a broader trade area for lifestyle needs, while essential services remain accessible.
Tenure patterns point to strong multifamily demand: approximately 70% of housing units in the neighborhood are renter-occupied (top tier locally and high nationally). This elevated renter-occupied share typically supports a deeper tenant base and steadier renewal pipelines for well-managed assets.
Within a 3-mile radius, households have grown even as population edged down, and projections indicate population and household expansion over the next five years. Smaller household sizes are expected, which can increase demand for apartment units and support occupancy stability. Median home values in the neighborhood are modest in the regional context, while median contract rents have risen over five years, reinforcing continued renter reliance on multifamily housing and practical lease management around affordability.
Safety trends warrant attention. Relative to neighborhoods nationwide, this area sits in lower national safety percentiles, and within the Gainesville metro it ranks in the lower half (crime rank 68 of 114). However, recent year-over-year estimates indicate declines in both violent and property offense rates, suggesting near-term improvement momentum. Investors should incorporate standard security measures and underwriting cushions while monitoring trajectory rather than any single-year reading.
Built in 1980, the property is slightly older than the neighborhood’s average vintage, pointing to potential value-add and capital planning opportunities that can enhance competitive positioning versus newer stock. Neighborhood-level occupancy has been rising and the renter-occupied share is high, supporting a durable tenant base and steady leasing. According to CRE market data from WDSuite, median rents have climbed over the last five years at the neighborhood level, while home values remain moderate, a mix that sustains renter demand but calls for attentive affordability management.
Demographics aggregated within a 3-mile radius show household growth with projections for continued population and household expansion, which can translate into renter pool expansion and support for occupancy stability. The local amenity mix is limited immediately nearby, though essential services are accessible; underwriting should assume some reliance on the broader trade area for daily needs. Safety readings are below national norms but improving, suggesting practical on-site measures and asset-level controls can help mitigate risk.
- High renter-occupied share supports tenant base depth and renewal potential
- Rising neighborhood occupancy and rent growth signal demand resilience
- 1980 vintage offers value-add and systems modernization opportunities
- 3-mile projections point to household expansion and renter pool growth
- Risks: below-average safety metrics and limited immediate amenities warrant prudent operations and underwriting cushions