| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 41st | Fair |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 124 SW 14th Ave, Chiefland, FL, 32626, US |
| Region / Metro | Chiefland |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
124 SW 14th Ave, Chiefland FL Multifamily Opportunity
Neighborhood data points to a renter-occupied share that is high versus national norms and occupancy that trails the metro median, suggesting dependable demand with operational upside, according to WDSuite’s CRE market data. Metrics reflect the neighborhood, not the property, and indicate affordability levels that can support lease retention while leaving room for targeted rent growth.
The property sits in a suburban pocket of Chiefland within the Gainesville, FL metro. Amenity access ranks competitive among Gainesville neighborhoods (ranked 41 out of 114), though the mix is modest nationally, so residents rely on a smaller set of local services. Restaurants are present but limited, with few cafes and parks in close proximity.
Neighborhood occupancy trends are below the metro median (ranked 76 of 114), pointing to management-driven upside for well-positioned assets. At the same time, the renter-occupied share is high both within the metro and compared to neighborhoods nationwide, signaling a meaningful tenant base for workforce-oriented multifamily and potential for steady leasing velocity.
Home values in the neighborhood are elevated relative to local incomes by national comparisons, which tends to sustain reliance on rental housing and can support pricing power where unit quality and management are strong. The neighborhood’s average school ratings track below national norms; investors should underwrite demand drivers such as employment access and value positioning over school-led premiums.
Within a 3-mile radius, recent data shows a slight population decline alongside a smaller drop in household counts, with forecasts indicating a rise in total households and smaller average household sizes. This shift typically expands the renter pool and can support occupancy stability for well-managed, appropriately priced units.
Neighborhood crime statistics were not available in WDSuite for this location. Investors commonly benchmark safety using city and county reports and emphasize property-level measures (lighting, access control, and visibility) alongside neighborhood trend reviews to support resident retention.
Built in 1986, the 24-unit asset offers a relatively newer vintage than much of the surrounding stock, providing competitive positioning versus older properties while leaving room for selective modernization to drive rent premiums and expense control. Renter concentration in the neighborhood is high by national comparison, and rent-to-income levels suggest balanced affordability that can aid lease retention. According to CRE market data from WDSuite, neighborhood occupancy trails the metro median, framing a clear operational value-add path for an owner focused on marketing, unit turns, and curb appeal.
Elevated ownership costs relative to local incomes reinforce steady rental demand, and 3-mile forecasts indicate growth in household counts with smaller household sizes—conditions that typically increase the depth of the tenant base. Given modest amenity density locally, assets that emphasize convenience, maintenance responsiveness, and functional finishes can differentiate and support durable performance.
- 1986 vintage positions the asset ahead of older local stock with targeted renovation upside
- High neighborhood renter concentration supports tenant demand and leasing stability
- Household growth (3-mile) and smaller household sizes point to a larger renter pool
- Elevated ownership costs relative to incomes bolster reliance on multifamily housing
- Risk: Neighborhood occupancy ranks below metro median—performance depends on active management