| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Poor |
| Demographics | 42nd | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1100 NE 3rd St, Chiefland, FL, 32626, US |
| Region / Metro | Chiefland |
| Year of Construction | 1981 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1100 NE 3rd St, Chiefland 22-Unit Investment
Steady renter demand is supported by favorable affordability metrics and a rural location that serves workforce housing needs, according to WDSuite’s CRE market data. Investors should view pricing power through an operational lens rather than rapid growth assumptions.
Located in Chiefland within the Gainesville, FL metro, the neighborhood carries a B rating and a rural profile. Amenity access is modest but practical, with cafes and pharmacies performing competitive among Gainesville neighborhoods (ranks of 19th and 22nd out of 114, respectively), while parks are limited. For investors, this points to a stable, convenience-oriented setting versus an urban amenity draw.
The local housing stock skews slightly newer than this property (average construction year 1990 vs. subject’s 1981), suggesting potential value-add through system upgrades and interior modernization to improve positioning against newer comparables. Neighborhood occupancy trends have been softer than many metro peers (94th of 114), so leasing outcomes will likely hinge on management execution, pricing discipline, and retention strategy.
Within a 3-mile radius, renter-occupied housing accounts for an estimated 38.6% of units, indicating a meaningful tenant base for a 22-unit asset without overreliance on a narrow segment. Median home values in the neighborhood are mid-market for the region, which can create some competition from entry-level ownership; however, a low rent-to-income ratio (high national percentile) supports a case for prudent rent optimization and stable collections rather than aggressive escalations.
Demographic data aggregated within 3 miles shows recently contracting population but a projected modest increase in households alongside smaller household sizes over the next five years. That shift generally supports multifamily demand by expanding the renter pool and favoring units that balance livability and cost, based on multifamily property research from WDSuite’s market coverage.
Comparable safety data for this neighborhood was not available in WDSuite’s dataset at the time of publication. Investors typically benchmark neighborhood safety against metro and national indices when accessible, and pair that with on-the-ground diligence (e.g., local law enforcement briefings, property-level incident histories) to contextualize leasing risk and retention.
This 22-unit property, built in 1981, offers value-add potential relative to a neighborhood stock that averages 1990 construction. According to CRE market data from WDSuite, the area’s affordability profile and low rent-to-income positioning can underpin occupancy stability if paired with focused asset management. Given softer neighborhood occupancy versus metro peers, execution around renovations, unit readiness, and targeted leasing will be central to performance.
Forward-looking neighborhood and 3-mile demographic signals point to incremental household growth and smaller household sizes, which can incrementally broaden the renter base. With moderate home values nearby, rentals that deliver livability at a compelling monthly cost should remain relevant to workforce households, supporting retention and measured rent optimization rather than outsized growth assumptions.
- 1981 vintage supports value-add through systems and interior upgrades versus newer local stock
- Affordability and low rent-to-income positioning support leasing durability and collections
- Projected household growth and smaller household sizes expand the local renter base
- Rural, convenience-oriented location suits workforce renters seeking practical access to daily needs
- Risk: neighborhood occupancy trails many metro peers, requiring disciplined pricing, marketing, and retention