| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 41st | Good |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1580 S Marion Ave, Lake City, FL, 32025, US |
| Region / Metro | Lake City |
| Year of Construction | 2000 |
| Units | 64 |
| Transaction Date | 2014-07-25 |
| Transaction Price | $7,400,000 |
| Buyer | ETS Willowbrook at |
| Seller | Willowbrook at Marion |
1580 S Marion Ave, Lake City FL Multifamily Opportunity
Neighborhood occupancy trends point to steady renter demand and above-median stability, according to WDSuite s CRE market data. The setting favors durable cash flow for well-managed assets focused on workforce housing.
This Inner Suburb pocket of Lake City scores an A on neighborhood quality and is competitive among Lake City neighborhoods (5th out of 31), supported by resilient occupancy, everyday retail access, and a renter base deep enough to sustain leasing velocity. Neighborhood occupancy is in the mid-90s and above the national median, a constructive signal for income stability based on CRE market data from WDSuite.
Livability skews practical: grocery and pharmacy options are present at levels that compare favorably to many similar markets, while cafes and parks are thinner. Average school ratings trail national norms, which is relevant for tenant mix and marketing to family households. For investors, these dynamics suggest positioning toward value-driven amenities and on-site conveniences rather than relying on extensive walkable lifestyle offerings.
Renter-occupied housing shares are high for the neighborhood relative to the nation, indicating a larger pool of prospective tenants and supporting demand depth. Median contract rents in the area sit at accessible levels for local incomes, which can aid retention, but can also temper near-term pricing power; thoughtful renewal strategies and incremental upgrades tend to perform best in this context.
Within a 3-mile radius, population and household counts have expanded and are projected to continue growing through 2028, pointing to a gradually expanding renter pool. Household sizes are stable, and the mix includes a meaningful share of working-age residents, supporting demand for mid-market units and steady absorption.
Safety indicators benchmark well on a national basis, with the neighborhood landing in the upper percentiles for lower estimated property and violent offense rates compared with neighborhoods nationwide. Recent year-over-year trends also show notable declines in estimated offense rates, reinforcing a constructive trajectory rather than a short-term anomaly.
Within the Lake City metro, relative positioning can vary by subarea; investors should underwrite with neighborhood-level comps rather than citywide assumptions and incorporate routine property-level security measures to support resident comfort and retention.
Built in 2000, the property is newer than the neighborhood s average housing stock, offering a competitive edge versus older assets while leaving room for strategic modernization of interiors and building systems. Occupancy in the immediate neighborhood is in the mid-90s and above metro medians, which supports income durability and manageable lease-up risk for turnovers, according to CRE market data from WDSuite.
The area s high renter concentration underpins a dependable tenant base, while ownership costs in the broader market are not overly elevated, implying some competition from entry-level ownership but also solid retention for well-priced units. Amenities nearby skew toward essential retail rather than lifestyle destinations; pairing functional on-site features with targeted unit refreshes can enhance rentability. Key watch items include softer school ratings and the need to calibrate rent growth to maintain favorable rent-to-income dynamics.
- Newer 2000 vintage versus local stock, with modernization upside for interiors/systems
- Neighborhood occupancy in the mid-90s supports income stability and retention
- High renter-occupied share signals depth of tenant demand
- Everyday retail access; focus on on-site amenities to offset limited lifestyle options
- Risks: below-average school ratings and balanced pricing needed to sustain affordability