| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6908 SW 6th Pl, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 2021-12-22 |
| Transaction Price | $525,000 |
| Buyer | GHOSH YASHODA DULAL GOPAL |
| Seller | LONSDALE ALEJANDRO |
6908 SW 6th Pl, Gainesville FL Multifamily Investment
Stabilizing renter demand and workforce-oriented pricing position this 100-unit asset for steady operations, according to WDSuite’s CRE market data. Investor focus centers on managing affordability and capital planning to support occupancy durability.
Located in an Inner Suburb of Gainesville, the neighborhood scores a B and ranks 51 out of 114 metro neighborhoods, indicating competitive positioning among Gainesville submarkets for workforce housing. Pharmacy access is a relative strength (high national percentile), while cafes, parks, and groceries are limited locally—an operational consideration for resident convenience and leasing narratives. Median contract rents and home values sit near mid-national percentiles, aligning with a renter pool that is price-sensitive but active.
Occupancy in the neighborhood is 85.4% and has risen over the past five years, suggesting gradual stabilization from a lower base. Renter-occupied share is about 70.6%, signaling a deep tenant base for multifamily assets and supporting leasing velocity and renewal potential. Median rent-to-income near 0.29 implies some affordability pressure, which calls for disciplined rent management and amenity-driven retention strategies.
Within a 3-mile radius, households increased even as total population dipped modestly, pointing to smaller household sizes and steady renter household formation that can support demand for 1–2 bedroom units. Forward-looking 3-mile projections anticipate population and household growth alongside declining average household size, which typically expands the renter pool and supports occupancy stability. These dynamics are consistent with Gainesville’s university-anchored economy and align with multifamily property research focused on durable tenant pipelines.
The property’s 1980 vintage is slightly older than the neighborhood average (early 1980s). For investors, this translates to actionable value-add and capital planning opportunities—targeting systems modernization and interior refreshes to stay competitive against newer stock while leveraging established renter demand.
Neighborhood safety indicators rank in the lower half among 114 Gainesville metro neighborhoods, and the area sits below national safety percentiles. However, recent data show year-over-year declines in both violent and property offenses, indicating an improving trend. Investors should underwrite with prudent security and lighting/activation measures, and monitor submarket crime trends as part of ongoing asset management.
This 100-unit Gainesville asset offers exposure to a renter-heavy neighborhood where occupancy has been improving and pricing remains oriented to the workforce segment. The 1980 construction provides a clear path for targeted renovations and systems upgrades to enhance competitive positioning versus early-1980s peers. Based on CRE market data from WDSuite, local tenure patterns and projected household growth within 3 miles point to a larger tenant base and support for steady leasing, though affordability management will be important.
Neighborhood amenities are mixed—pharmacy access is strong while parks, cafes, and groceries are thinner—so on-site features and nearby arterials become part of the retention playbook. Safety metrics are improving from a lower baseline, suggesting the need for ongoing diligence and resident experience investments. Overall, the thesis centers on operational execution: managing rents to income, sequencing value-add scope, and capturing incremental occupancy gains.
- Renter depth: ~70% renter-occupied neighborhood supports leasing velocity and renewals.
- Improving occupancy: neighborhood rate has trended up, aiding income stability.
- Value-add upside: 1980 vintage enables targeted capex and interiors to lift competitiveness.
- Demand catalysts: 3-mile projections indicate population and household growth, expanding the renter pool.
- Risks: below-average safety and affordability pressure require careful rent strategy and property operations.