709 SW 70th Ter Gainesville Multifamily Investment

This Inner Suburb location is competitive among Gainesville neighborhoods (ranked 38 of 114 for overall amenities), offering everyday convenience without the premium pricing seen in core submarkets. While on-site amenity density is limited, pharmacy access is comparatively strong versus many neighborhoods nationwide, and residents typically rely on nearby corridors for groceries, cafes, parks, and services.

The neighborhood’s housing stock skews toward late‑vintage assets, with the average construction year around the early 1980s. The subject property’s 1980 vintage suggests planning for building-system updates and selective renovations, which can unlock value-add opportunities and help sustain competitiveness versus slightly newer stock.

Renter-occupied share is high (top quartile among 114 metro neighborhoods), signaling depth in the tenant base and consistent multifamily demand. Neighborhood rents sit near the metro middle and midrange nationally, supporting positioning for workforce-oriented product without overreliance on peak pricing.

Within a 3-mile radius, recent years show a modest pullback in population alongside a rise in household counts, indicating smaller household sizes and a shift toward more housing demand per capita. Forward-looking projections point to an increase in both households and the 18–34 population by 2028, which supports renter pool expansion and lease-up stability. Median incomes in the 3-mile area have grown, though neighborhood rent-to-income ratios indicate some affordability pressure, suggesting prudent lease management to balance occupancy and pricing power.

Home values in the neighborhood are below many high-cost Florida metros, which can keep rental options comparatively attractive and support retention among renters who favor flexibility. Together with an above-median pharmacy presence and improving neighborhood occupancy, the area presents steady, needs-based demand drivers aligned with multifamily.