| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6933 W University Ave, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 2001 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6933 W University Ave Gainesville Multifamily Investment
2001-vintage, 66-unit asset in Gainesville’s inner suburb with a deep renter base and improving neighborhood occupancy signals, according to WDSuite’s CRE market data. Positioning favors stable tenant demand with measured upside from modernization and lease management.
Located in an Inner Suburb of Gainesville, the neighborhood scores a B and is competitive among Gainesville neighborhoods (ranked 38 out of 114 for overall amenities). Investors should note a practical mix of everyday services: pharmacy density is strong locally (ranked 5 of 114 and above the national median), and restaurants are comparatively available (ranked 25 of 114), while cafes, grocery options, and parks are thinner in the immediate area. This mix supports day-to-day living but may require short drives for some conveniences.
Neighborhood renter concentration is high: 70.6% of housing units are renter-occupied, placing the area in the top quartile nationally for renter share. This depth of renters points to a sizable tenant base for multifamily product. Neighborhood occupancy is 85.4% (below the metro median at rank 82 of 114) but has trended upward over the past five years, suggesting improving absorption and potential for continued stabilization as new households form.
Demographic statistics within a 3-mile radius indicate households have grown even as population modestly contracted in the recent period, reflecting smaller household sizes and a shift toward more, smaller households — dynamics that typically expand the renter pool and support occupancy stability. Looking forward, forecasts point to population and household growth through 2028, supporting a larger tenant base and sustained renter demand. Median contract rents in the 3-mile area have risen in recent years and are projected to continue growing, reinforcing revenue potential for well-managed assets.
Home values in the neighborhood are moderate for the region, and the value-to-income context can allow renters to consider ownership in some cases; however, a high-cost ownership market is not the primary dynamic here. For multifamily investors, this means rental demand should remain broad, with pricing power set by local incomes and rent-to-income considerations rather than extreme ownership barriers. With a 2001 construction year, the property is newer than the neighborhood’s 1982 average, offering relatively modern systems and competitive positioning versus older stock, while still leaving room for targeted upgrades that can drive rent premiums.
Safety metrics in this neighborhood trail many Gainesville areas (crime rank 68 out of 114), and the national positioning is also below average (lower national percentiles indicate higher reported crime relative to neighborhoods nationwide). Recent trend data shows year-over-year declines in both violent and property offense estimates, which is constructive from an investor standpoint, but levels remain elevated versus stronger submarkets. Investors typically account for this by emphasizing lighting, access control, and partnerships with local public safety initiatives as part of property operations.
This 66-unit, 2001-built asset benefits from a large renter base and improving neighborhood occupancy, with relative competitiveness versus older multifamily stock nearby. Demographic statistics within a 3-mile radius point to household growth and smaller household sizes, which generally expand the renter pool and support leasing stability. According to CRE market data from WDSuite, neighborhood renter concentration is high and local services are adequate, though certain amenities may require short drives — conditions that favor workforce-oriented demand with targeted value-add to capture incremental rent.
Key considerations include safety metrics that lag stronger Gainesville submarkets and rent-to-income dynamics that warrant attentive lease management. With strategic upgrades and disciplined operations, the property’s newer vintage and inner-suburban location can translate into durable cash flow and measured growth potential relative to metro peers.
- 2001 vintage outcompetes older neighborhood stock; room for targeted renovations
- High renter concentration supports a deep tenant base and leasing stability
- 3-mile radius shows household growth and smaller household sizes, reinforcing multifamily demand
- Amenity mix favors everyday services; value-add can focus on on-site features to boost retention
- Risks: below-median neighborhood safety and affordability pressures require active management