| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Fair |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7025 W University Ave, Gainesville, FL, 32607, US |
| Region / Metro | Gainesville |
| Year of Construction | 1983 |
| Units | 100 |
| Transaction Date | 2011-12-07 |
| Transaction Price | $4,268,000 |
| Buyer | PINE MEADOW REDEVELOPMENT LTD |
| Seller | PINE MEADOW APARTMENTS LTD |
7025 W University Ave Gainesville Multifamily Investment
Renter concentration in the surrounding neighborhood supports a deep tenant base and steady leasing, according to WDSuite s CRE market data. Recent occupancy gains at the neighborhood level indicate improving stability despite mixed local amenities.
This Inner Suburb neighborhood carries a B rating and ranks 51 out of 114 in the Gainesville metro, placing it above the metro median. Amenity access is mixed: pharmacy density is comparatively strong (high national percentile), while cafes, groceries, and parks are limited within the immediate area, suggesting residents rely on broader Gainesville for daily needs.
Multifamily demand fundamentals are underpinned by a high share of renter-occupied housing units in the neighborhood (renter concentration), which signals depth in the local tenant pool. At the same time, the neighborhood s occupancy level trails many Gainesville submarkets but has improved over the past five years, a constructive indicator for near-term leasing.
Demographics aggregated within a 3-mile radius show a recent dip in population alongside an increase in total households and smaller average household sizes. Projections point to growth in both population and households over the next five years, which would expand the potential renter pool and support occupancy stability. These dynamics align with investor priorities surfaced through multifamily property research and are validated by CRE market data from WDSuite.
Home values in the neighborhood are elevated relative to local incomes and have appreciated meaningfully over the past five years. This high-cost ownership backdrop tends to reinforce reliance on rentals, supporting tenant retention and pricing power, though lease management should account for rent-to-income pressures when pushing effective rents.
Safety metrics indicate the neighborhood performs below the Gainesville metro average (ranked 68 out of 114 neighborhoods), and relative to the nation it sits in lower percentiles for safety. Recent year-over-year trends are constructive, with both violent and property offense rates showing declines, but investors should still underwrite with conservative assumptions and focus on on-site security and resident experience.
The investment case centers on resilient renter demand and improving occupancy within an Inner Suburb location that ranks above the metro median. A high share of renter-occupied housing units supports a broad tenant base, while 3-mile projections for population and household growth suggest a larger pool of prospective renters ahead. According to CRE market data from WDSuite, neighborhood-level occupancy has trended up in recent years, pointing to better stability even as amenities remain mixed.
Ownership costs relative to incomes bolster multifamily reliance, which can aid pricing power and lease retention. That said, investors should manage affordability pressure through disciplined renewals and watch for submarket competition, given occupancy still trails stronger Gainesville pockets and safety benchmarks are weaker than metro and national averages.
- High renter concentration supports depth of demand and tenant retention potential
- Neighborhood occupancy trending upward, narrowing the gap to stronger Gainesville areas
- 3-mile outlook shows population and household growth, expanding the renter pool
- Elevated ownership costs reinforce reliance on rentals and potential pricing power
- Risks: below-metro safety benchmarks and uneven amenities require prudent operations