| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6929 W University Ave, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1982 |
| Units | 100 |
| Transaction Date | 2007-01-30 |
| Transaction Price | $3,350,000 |
| Buyer | BW APARTMENTS LLC |
| Seller | SM BENTWOOD LLC |
6929 W University Ave Gainesville Multifamily Investment
Renter concentration in the neighborhood supports a deeper tenant base and potential leasing durability, according to WDSuite’s CRE market data. While occupancy trends have improved over the past few years, investors should underwrite conservatively to current submarket dynamics.
The property sits in an Inner Suburb of Gainesville that rates B and is above metro median performance (ranked 51 out of 114 neighborhoods). The area skews renter-occupied, indicating a sizable pool of multifamily demand that can support leasing and renewal activity when managed to current pricing.
Livability signals are mixed: restaurant density is around the middle of national comparisons, pharmacy access is strong (higher national percentile), while cafes, groceries, and parks are limited within the neighborhood. For investors, this points to day-to-day convenience for residents but fewer lifestyle anchors nearby, which can be offset with on-site amenities and service quality.
Neighborhood rent levels have risen over the last five years and the renter-occupied share is high. Median home values are comparatively moderate for the region, which can introduce some competition from ownership options; operators may need to emphasize convenience, flexibility, and resident services to sustain retention and pricing power.
Within a 3-mile radius, recent trends show a slight population dip alongside an increase in households—suggesting smaller household sizes and steady rental demand. Looking ahead, WDSuite’s commercial real estate analysis indicates forecasts for population and household growth by 2028, which would expand the renter pool and support occupancy stability if delivered supply remains measured.
Safety metrics for the neighborhood trail national percentiles, and the area is not among the safer Gainesville neighborhoods (ranked 68 out of 114 within the metro). However, recent year-over-year data from WDSuite shows declines in both violent and property offense rates, signaling some improvement to monitor rather than a resolved trend.
Investors should calibrate marketing, security, and resident-experience strategies to local conditions and track multi-year trends, comparing performance against metro peers rather than relying on a single-year snapshot.
The neighborhood’s employment base supports workforce housing demand through proximity to regional healthcare, education, and services employment, which can aid leasing stability for renters prioritizing commute convenience.
Built in 1982, the asset aligns with the neighborhood’s vintage, creating potential value-add upside through targeted renovations and systems modernization versus older stock, while remaining competitive on unit finishes and amenities. The immediate area’s high share of renter-occupied housing suggests a deep tenant base; at the same time, neighborhood occupancy sits below stronger metro performers, so lease-up and renewal strategies should favor conservative assumptions and operational focus.
Within a 3-mile radius, households have increased even as population eased, pointing to smaller household sizes and resilience in renter demand. Forward-looking forecasts in WDSuite’s CRE market data indicate population and household growth by 2028, which would expand the renter pool and support occupancy stability, provided supply pipelines remain balanced. Ownership costs are relatively accessible locally, so operators should emphasize convenience and flexibility to mitigate competition from for-sale housing.
- High renter-occupied share supports demand depth and renewal potential
- 1982 vintage offers value-add and modernization levers to enhance competitiveness
- Forecast growth in 3-mile population and households expands the tenant base
- Mid-level amenity mix and relatively accessible ownership options require differentiated resident experience
- Risk: neighborhood safety metrics are below national percentiles; monitor continuing trend improvements