| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6724 SW 4th Pl, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1984 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6724 SW 4th Pl Gainesville Multifamily Opportunity
Renter concentration is high and neighborhood occupancy has trended up over the past five years, pointing to a durable tenant base according to WDSuite’s CRE market data. This Inner Suburb location offers stable workforce demand with room for operational improvement through disciplined commercial real estate analysis.
The property sits in an Inner Suburb of Gainesville that scores a B at the neighborhood level and is above the metro median overall (rank 51 out of 114 metro neighborhoods). Pharmacy access is a relative strength (competitive density, rank 5 of 114; top quartile nationally), while everyday amenities like grocery, cafes, childcare, and parks are limited in the immediate area. Restaurant options are present at roughly metro norms, supporting convenience for residents.
Neighborhood occupancy is below the metro median today (rank 82 of 114) but has improved meaningfully over the last five years, supporting a case for continued stabilization. The share of housing units that are renter-occupied is among the highest in the metro (rank 8 of 114; top tier nationally), which deepens the local multifamily demand pool and can support leasing continuity across cycles.
Vintage matters for competitive positioning. Built in 1984 against a neighborhood average vintage near 1982, the asset is slightly newer than surrounding stock. Investors can expect relative competitiveness versus older properties, while still planning for systems modernization or targeted value-add to meet current renter expectations.
Within a 3-mile radius, households have grown even as population was flat to slightly down in recent years, indicating smaller average household sizes and a shift toward more single- or two-person renter households. Projections point to population growth and a notable increase in households through 2028, expanding the prospective tenant base and supporting occupancy stability. Median home values in the neighborhood sit in a mid-range context for the metro, which can create some competition from ownership, but current rent-to-income dynamics suggest monitoring affordability pressure and focusing on retention and renewal strategies.
Safety indicators for the neighborhood track below national averages (around the 30th percentile nationwide), and conditions are below the metro median based on a rank of 68 out of 114 Gainesville neighborhoods. Recent trends are mixed but improving: according to CRE market data from WDSuite, estimated violent incidents declined year over year, and property offenses also decreased. Investors should underwrite with conservative assumptions, align security measures with current operations, and monitor trend direction rather than any single-year reading.
This 100-unit 1984 community in Gainesville’s Inner Suburb benefits from a very high share of renter-occupied housing in the surrounding neighborhood, which supports a deep tenant base. Neighborhood occupancy sits below the metro median but has improved over five years, suggesting continued stabilization potential with focused leasing and retention. According to CRE market data from WDSuite, local amenity mix favors pharmacy and dining access, while limited nearby grocery and parks put a premium on on-site convenience and property programming.
Within a 3-mile radius, households have grown despite flat-to-soft population trends, and projections call for population growth and smaller household sizes by 2028—factors that expand the renter pool and support steady absorption. The 1984 vintage is slightly newer than the area norm, giving the asset a competitive edge versus older stock, while still offering upside via targeted renovations and systems updates. Investors should balance these strengths against below-median neighborhood safety readings and measured affordability pressure when setting renewal and pricing strategies.
- High neighborhood renter concentration supports demand depth and leasing continuity
- Occupancy trending upward, with room to close the gap to metro performance
- 1984 vintage slightly newer than local average—positioned for selective value-add and systems modernization
- 3-mile outlook points to household growth and a larger renter pool, supporting absorption
- Risks: below-median neighborhood safety, limited nearby grocery/parks, and affordability pressure requiring careful lease management