| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7012 SW 6th Pl, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7012 SW 6th Pl Gainesville Multifamily Opportunity
Neighborhood renter-occupied share is high and occupancy has trended upward in recent years, supporting durable demand at this 100-unit asset, according to WDSuite’s CRE market data. Pricing remains in a mid-market range locally, suggesting room for operational execution over cosmetic or systems upgrades.
This Inner Suburb pocket of Gainesville carries a B neighborhood rating and ranks above the metro median (51 of 114 neighborhoods), indicating broadly competitive fundamentals within the local context. Amenity density is mixed: pharmacies are accessible relative to peers, while cafes, parks, and grocery options are thinner nearby, so residents may rely on short drives for daily needs. Rents benchmark in a mid-range versus national peers, which helps sustain demand without overextending typical tenant budgets.
For investors focused on tenant depth, the neighborhood shows a high share of renter-occupied housing units, signaling a sizable local renter base and potential leasing resilience. At the same time, neighborhood occupancy sits below national norms but has improved over the last five years, pointing to stabilization opportunities through focused management and turn strategies. Median home values align near national mid-tier levels, which can keep households engaged with multifamily options and support retention.
Demographic statistics are aggregated within a 3-mile radius. Over the past five years, total population edged lower while household counts increased, implying smaller household sizes and more, smaller renter households entering the market. Forward-looking projections call for growth in both population and households, with incomes also trending higher—factors that generally expand the tenant base and support occupancy stability. These dynamics, based on CRE market data from WDSuite, suggest continued demand for well-managed units.
The average construction year in the neighborhood is early 1980s. With a 1980 vintage, this property is slightly older than nearby stock and may benefit from targeted capital improvements—interiors, common areas, and building systems—to strengthen competitive positioning and unlock value-add upside. Rent-to-income ratios indicate some affordability pressure in the area, so renovation scopes that emphasize durability and operating efficiency over premium finishes may help balance pricing power with retention.
Safety indicators compare less favorably to national benchmarks, placing this neighborhood below the national median on both property and violent offense measures. Within the Gainesville metro (114 neighborhoods), the area sits in the weaker half by crime rank. Even so, recent year-over-year trends show declines in both violent and property offense estimates, suggesting conditions have been improving. Investors typically account for this by emphasizing lighting, access control, and community standards, and by aligning marketing with residents prioritizing value and proximity.
This 100-unit, 1980-vintage asset sits in an Inner Suburb location with a high concentration of renter-occupied housing, a favorable indicator for tenant depth and leasing velocity. Neighborhood occupancy has improved over the past five years, and local rent levels remain mid-market, creating a setting where focused operations and selective renovations can translate into steadier cash flow. According to CRE market data from WDSuite, household counts within a 3-mile radius are rising and are projected to expand further, while incomes trend higher—tailwinds that support demand and retention for well-managed units.
The property’s slightly older vintage suggests practical value-add levers—unit refreshes, common-area updates, and system upgrades—to sharpen competitive positioning versus similar early-1980s stock. Risks to monitor include below-national occupancy norms, thinner nearby amenity density, and safety metrics that trail national averages; these can be mitigated with disciplined capex planning, security enhancements, and active leasing strategy calibrated to local affordability.
- High renter concentration supports a deep local tenant base and leasing stability.
- Occupancy has improved in recent years, with room for further operational gains.
- 1980 vintage offers value-add potential through targeted interior and systems upgrades.
- 3-mile projections indicate growth in households and incomes, supporting long-term demand.
- Key risks: below-national occupancy today, limited nearby amenities, and safety metrics below national averages.