| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6722 SW 6th Pl, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 2003-01-15 |
| Transaction Price | $110,000 |
| Buyer | HOLLY HEIGHTS GAINESVILLE LLC |
| Seller | FORTY EIGHT LLC |
6722 SW 6th Pl Gainesville Multifamily Investment
High renter-occupied concentration in the surrounding neighborhood points to a durable tenant base, with occupancy trending upward in recent years, according to WDSuite’s CRE market data. Positioned for steady demand within Gainesville’s inner suburb fabric, the asset benefits from renter reliance even as broader conditions evolve.
Located in an Inner Suburb of Gainesville, the neighborhood shows a solid foundation for renter demand. Renter-occupied housing makes up a large share of units (among the highest nationally), signaling depth of the tenant pool and potential support for occupancy stability, based on WDSuite’s CRE market data. Neighborhood occupancy has improved over the last five years, though it sits below the metro median, suggesting room for operational upside through targeted leasing and retention.
Amenity access is mixed: pharmacy availability is strong (around the 80th percentile nationally), while cafes, grocery, and parks are limited locally. Restaurant density is competitive among Gainesville neighborhoods (ranked 25th of 114), offering some daily convenience despite a leaner retail mix. For investors, this balance implies day-to-day essentials are within reach, but lifestyle amenities may require short drives, which can influence marketing and resident expectations.
Within a 3-mile radius, recent trends reflect a modest population dip alongside a rise in household count and smaller average household sizes—conditions that typically expand the renter pool and can support leasing velocity for smaller-format units. Forward-looking estimates indicate growth in both population and households over the next five years, which, if realized, would broaden the tenant base and support occupancy. Median contract rents in the neighborhood sit near national mid-range levels, while rent-to-income readings point to some affordability pressure; operators may need disciplined renewal strategies to sustain retention without sacrificing pricing power.
Home values are moderate for the region, suggesting ownership is more accessible than in high-cost metros. That dynamic can create some competition with entry-level ownership, yet the neighborhood’s high renter concentration and projected household growth help sustain multifamily demand. Relative to the Gainesville metro, the area’s overall profile is competitive (neighborhood rank 51 out of 114), providing a practical backdrop for workforce-oriented leasing with selective value-add positioning.
Safety indicators are a mixed picture. Compared with Gainesville’s 114 neighborhoods, this area ranks in the lower half for crime, and national percentiles indicate it trends less safe than many neighborhoods nationwide. That said, WDSuite’s data shows year-over-year declines in both violent and property offenses, suggesting recent improvement rather than deterioration. Investors should underwrite to prevailing conditions while recognizing the potential benefit of continued moderation if current trends persist.
This 100-unit asset sits in a Gainesville Inner Suburb with a nationally high share of renter-occupied housing, supporting a deep tenant base and consistent leasing prospects. Neighborhood occupancy has improved in recent years, and a growing household count within 3 miles—paired with smaller average household sizes—points to an expanding renter pool that can reinforce demand. According to CRE market data from WDSuite, local rents track near the national mid-range while rent-to-income readings call for careful renewal and revenue management to balance pricing power with retention.
Amenity access skews toward essentials, with strong pharmacy presence and competitive restaurant density among Gainesville neighborhoods, even as cafes, grocery, and parks are thinner. Moderate home values signal some competition from ownership; however, high renter concentration and projected household growth support ongoing multifamily need. Execution upside centers on disciplined leasing, tenant experience, and selective value-add to differentiate against older stock nearby.
- High renter concentration supports depth of demand and occupancy stability.
- Household growth and smaller household sizes within 3 miles expand the renter pool.
- Essentials-oriented amenity mix (pharmacies, restaurants) aids day-to-day livability.
- Revenue management opportunity: mid-range rents with measured rent-to-income levels.
- Risks: below-metro-median safety metrics and leaner retail mix require prudent operations and resident engagement.