| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6814 SW 6th Pl, 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 |
6814 SW 6th Pl Gainesville Multifamily Investment
Stabilizing renter demand and an elevated share of renter-occupied units in the neighborhood point to a deep tenant base, according to WDSuite’s CRE market data. Occupancy has trended upward over the past five years, supporting steady cash flow potential for a 100‑unit asset.
Situated in an inner suburb of Gainesville, the neighborhood rates B and ranks 51 out of 114 within the metro, placing it around the metro median. For investors, the key signal is the neighborhood s improving occupancy trend alongside a high renter concentration, indicating durable demand for multifamily housing and a broader pool of prospective tenants.
Renter-occupied share is high (top decile nationally), which typically supports leasing velocity and renewal depth. At the same time, the neighborhood s rent-to-income levels suggest some affordability pressure for certain cohorts, so revenue management should balance rent growth with retention.
Local amenity density is mixed: pharmacy access is comparatively strong (around the 80th national percentile), while counts of parks, grocery, cafes, and childcare are limited within neighborhood bounds. Restaurants track close to national midrange. These dynamics position the area as more functionally convenient than lifestyle-driven, aligning with workforce renter profiles.
Within a 3-mile radius, households have increased even as average household size has declined, expanding the renter pool and supporting occupancy stability. Forward-looking projections in WDSuite indicate continued household growth through the mid-term, reinforcing depth of demand for well-managed units.
The asset s 1980 vintage is slightly older than the neighborhood s average year built, which points to potential value-add and selective capital planning to enhance competitiveness versus newer stock.
Neighborhood safety indicators sit below national averages, with crime ranking 68 out of 114 within the Gainesville metro. Nationally, the neighborhood falls into lower percentiles for both violent and property offenses. For underwriting, this typically warrants attention to security measures, lighting, and resident screening to support tenant retention and mitigate operational risk.
Recent trend signals are directionally constructive: estimated violent and property offense rates have declined year over year, according to CRE market data from WDSuite. While one year does not establish a lasting trend, ongoing improvement would be supportive for leasing and pricing power relative to nearby submarkets.
This area serves a broad workforce renter base; however, WDSuite does not list verified nearby anchor employers with measured distances for this address at this time. The following list is intentionally left blank until distance-verified records are available.
This 100-unit, 1980-vintage property sits in a Gainesville inner-suburb neighborhood that is around the metro median by overall rank, with upward occupancy momentum and a high share of renter-occupied units supporting a sizable tenant base. According to CRE market data from WDSuite, household growth within a 3-mile radius alongside smaller average household sizes expands the pool of prospective renters and supports lease-up stability.
The vintage suggests room for targeted renovations and systems updates to drive rent premiums versus older comparables. Amenity access is practical rather than lifestyle-heavy, which aligns with workforce demand profiles; operators should calibrate rent strategies to local rent-to-income dynamics to maintain retention while capturing growth.
- High renter concentration supports steady leasing and renewal depth.
- Occupancy has improved over the past five years, reinforcing cash flow stability.
- 1980 vintage offers value-add and capex-driven upside versus older stock.
- 3-mile household growth and smaller household sizes expand the renter pool.
- Risks: below-average safety percentiles and measured affordability pressure require prudent security, expense control, and revenue management.