| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 38th | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 951 SW 11th St, Gainesville, FL, 32601, US |
| Region / Metro | Gainesville |
| Year of Construction | 1988 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
951 SW 11th St Gainesville Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a deep tenant base and steady leasing, according to WDSuite’s CRE market data. Neighborhood NOI per unit trends are strong relative to peers, pointing to durable operating fundamentals with prudent expense management.
This Urban Core pocket of Gainesville ranks competitively overall (A-rated; top quartile among 114 metro neighborhoods), signaling solid demand drivers for multifamily. Dining density is a standout with restaurants per square mile among the highest nationally, while grocery and pharmacy access are also strong for daily needs. Parks and cafés are more limited within the immediate blocks, so residents may rely on a broader radius for green space and coffee options.
Renter-occupied units account for a very high share of neighborhood housing, indicating a deep pool of prospective tenants and resilience for multifamily demand. Neighborhood occupancy has been stable but sits closer to metro mid-range, suggesting leasing is supported by demand depth but still benefits from active asset management and competitive positioning.
Within a 3-mile radius, population and households have expanded over the last five years and are projected to continue growing through 2028, supporting renter pool expansion and occupancy stability. The area skews toward adults ages 18–34, aligning with apartment demand from students and early-career households; investors should expect leasing seasonality and prioritize turn efficiency to capture annual cohorts.
Home values sit in a higher-cost ownership context relative to local incomes, which tends to reinforce reliance on rental housing and can aid pricing power for well-positioned assets. Median asking rents in the neighborhood trend mid-market, helping maintain a broad demand funnel while keeping an eye on affordability pressure for lease retention. These dynamics, based on CRE market data from WDSuite, position professionally managed properties to compete effectively.
Safety indicators for the neighborhood track below national medians for urban areas, and the area ranks below the metro median among the 114 Gainesville neighborhoods. Recent data show year-over-year declines in both property and violent incidents, which is a constructive trend, but conditions remain more challenging than in higher-percentile neighborhoods nationwide.
For investors, this calls for standard risk-mitigation: well-lit common areas, access control, and coordination with local resources. Monitoring trend direction is important, as multi-year improvement can support leasing velocity and resident retention even when current levels are still elevated compared with national benchmarks.
951 SW 11th St offers exposure to Gainesville’s Urban Core where renter-occupied housing is dominant and day-to-day amenities are strong. Restaurants, grocery, and pharmacy access support resident convenience, while homeownership costs relative to local incomes reinforce sustained reliance on multifamily. According to commercial real estate analysis from WDSuite, neighborhood NOI per unit performance ranks high versus peers, indicating healthy operating potential for well-managed assets.
Built in 1988, the property’s vintage suggests value-add potential via unit modernization and targeted systems upgrades to sharpen competitive positioning against newer stock. Within a 3-mile radius, continued population and household growth points to renter pool expansion through 2028, supporting occupancy stability. Investors should balance these fundamentals with attention to affordability pressures and safety considerations through proactive leasing, expense control, and asset-level enhancements.
- Dominant renter-occupied housing share supports a deep tenant base and steady leasing
- Strong restaurant, grocery, and pharmacy access enhances resident convenience and retention
- 1988 vintage presents value-add upside through interior upgrades and selective system improvements
- 3-mile radius growth outlook supports occupancy stability and ongoing demand
- Risks: below-median safety metrics and renter affordability pressure require active management and amenity-driven differentiation