| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 28th | Poor |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2008 N Interstate 35, Gainesville, TX, 76240, US |
| Region / Metro | Gainesville |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 2012-12-20 |
| Transaction Price | $4,635,000 |
| Buyer | LEXINGTON INVESTORS LLC |
| Seller | LS APARTMENTS LP |
2008 N Interstate 35 Gainesville Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy, according to WDSuite’s CRE market data. These are neighborhood metrics, not property performance, but they suggest durable leasing conditions for a 1980-vintage, I-35–adjacent asset in Gainesville, Texas.
Location, renter base, and operating backdrop
The neighborhood is rated A- (ranked 4 of 20 in the Gainesville metro), indicating competitive positioning among Gainesville neighborhoods. Occupancy in the neighborhood sits in the top quartile among 20 metro neighborhoods, a constructive signal for lease stability; note these figures reflect neighborhood conditions, not this specific property.
Renter-occupied housing accounts for a high share of neighborhood units (ranked 1 of 20 in the metro; 94th percentile nationally), pointing to a deep tenant base for multifamily. Within a 3-mile radius, population and households have risen in recent years and are projected to expand further by 2028, supporting a larger tenant pool; investors should monitor tenure projections that indicate potential shifts toward ownership in the broader area.
Amenity access compares favorably versus national benchmarks: groceries and cafés rank competitively at the metro level and around the national 75th percentile, pharmacies around the 80th percentile, and parks near the 71st percentile. Childcare options are limited locally, which may influence unit mix and marketing. Median rents in the neighborhood remain relatively accessible versus income (rent-to-income roughly in the lower national percentiles), which can aid retention but may temper near-term pricing power; this context stems from multifamily property research by WDSuite at the neighborhood level.
The property’s 1980 construction is newer than the neighborhood’s average vintage (1972). That positioning can be competitive versus older stock while still warranting targeted modernization of systems and finishes to enhance leasing and reduce future capital interruptions.
Safety context
Comparable crime metrics for this neighborhood were not available in the current dataset, limiting direct benchmarking against the 20 metro neighborhoods and national percentiles. Investors typically supplement WDSuite’s regional view with local law enforcement reports and property-level incident logs to assess trends and any implications for leasing, insurance, and on-site operations.
Nearby corporate employers provide a diversified employment base within commuting range, supporting renter demand and retention for workforce-oriented units. The list below includes key names roughly 42–44 miles away that align with regional commuting patterns.
- Raytheon Company — defense & aerospace offices (41.8 miles)
- J.C. Penney — retail HQ (43.4 miles) — HQ
- Alliance Data Systems — financial services (43.6 miles) — HQ
- Yum China Holdings — restaurant group (43.7 miles) — HQ
- Hewlett Packard Enterprise — technology offices (44.3 miles)
This 100-unit, 1980-vintage asset benefits from a neighborhood that ranks in the top quartile for occupancy among 20 Gainesville metro neighborhoods and shows a high renter-occupied share — signals of demand depth and potential leasing stability. According to CRE market data from WDSuite, the area’s amenity access compares favorably on a national basis, while relative rent levels suggest scope for steady retention with selective rent optimization tied to upgrades.
Within a 3-mile radius, recent and projected increases in population and households indicate a larger tenant base over time. The 1980 construction is newer than the area’s average vintage, supporting competitive positioning versus older stock; targeted modernization can unlock value-add upside. Key considerations include monitoring projected shifts toward ownership in the broader area and managing affordability pressure as rents and incomes trend upward.
- Neighborhood occupancy in the top quartile among 20 metro neighborhoods supports leasing stability
- High renter-occupied share indicates depth of tenant base for multifamily
- 1980 vintage newer than local average, with value-add potential via targeted modernization
- Risks: potential tenure shift toward ownership and rising rents may heighten affordability pressure; prioritize retention and asset-specific positioning