| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 12th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 719 S Weaver St, Gainesville, TX, 76240, US |
| Region / Metro | Gainesville |
| Year of Construction | 1982 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
719 S Weaver St Gainesville Multifamily Investment Outlook
Neighborhood occupancy is high and renter demand appears resilient, according to WDSuite’s CRE market data, suggesting stable income potential for a well-operated 20-unit asset in Gainesville, Texas.
This Inner Suburb neighborhood in Gainesville ranks 3 out of 20 locally for occupancy, placing it in the top quartile among metro neighborhoods and pointing to steady leasing conditions. Renter-occupied housing accounts for a meaningful share of units (ranked 4 of 20), indicating a moderately deep tenant base that can support consistent absorption and renewal activity.
Amenities are sparse for daily conveniences (limited cafes, groceries, and pharmacies by metro rank), but park access is comparatively strong, with the neighborhood placing above the metro median and well above many areas nationally. Average school ratings are on the lower end for the metro, which may shape the renter mix toward workforce households and smaller-household demand profiles rather than families prioritizing top-rated schools.
Within a 3-mile radius, population and households have grown over the past five years and are projected to continue expanding, pointing to a larger tenant base over the medium term. Median contract rents in the neighborhood have trended upward in recent years, while the rent-to-income profile remains relatively manageable, supporting retention and lease stability for competitively positioned properties.
Home values in the neighborhood sit below national norms, which can introduce some competition from ownership options. For multifamily investors, this typically argues for disciplined pricing, attention to value features, and resident experience to sustain occupancy and reduce turnover, especially given the lean neighborhood amenity mix.
Comparable crime metrics for this neighborhood are not available in the current dataset. Investors should contextualize safety using city and county trend sources and property-level operating history rather than block-level assumptions.
When crime data are available, WDSuite frames safety comparatively by metro rank and national percentile; in the absence of verified figures here, underwriting should rely on professional diligence (e.g., management feedback, daytime/nighttime site visits, and local law enforcement summaries) to gauge resident comfort and potential impacts on leasing velocity and retention.
- Raytheon Company — defense & aerospace (40.0 miles)
- J.C. Penney — retail corporate (41.2 miles) — HQ
- Alliance Data Systems — marketing & loyalty services (41.4 miles) — HQ
- Yum China Holdings — restaurant holding company (41.5 miles) — HQ
- Xerox Corporation — technology & printing solutions (42.0 miles)
Regional employment is anchored by diversified corporate offices within a commuting shed, supporting workforce renter demand and lease stability for tenants with professional and technical roles. The list below highlights nearby employers that can contribute to a consistent renter pipeline.
The property benefits from a neighborhood that ranks in the top quartile for occupancy among 20 Gainesville metro neighborhoods, indicating durable tenant demand and potential income stability. Within a 3-mile radius, population and household counts have been rising and are anticipated to keep expanding, which supports a larger renter pool over time. Home values are comparatively accessible versus national benchmarks, so disciplined rent positioning and focus on value features will be important to maintain pricing power amid some competition from entry-level ownership.
Median rents have moved upward locally and the rent-to-income relationship suggests manageable affordability pressure, which can aid retention for well-managed units. According to CRE market data from WDSuite, neighborhood occupancy remains above metro averages, while the amenity mix is lean and school performance trails the metro—factors that argue for enhanced on-site services and targeted renter marketing to sustain absorption.
- Top-quartile neighborhood occupancy among 20 metro areas supports income stability.
- Expanding 3-mile population and households point to a growing renter base.
- Rising local rents with manageable rent-to-income dynamics bolster renewal potential.
- Accessible ownership market requires disciplined pricing and resident experience to reduce turnover.
- Risk: Lean neighborhood amenities and lower school ratings may limit family demand and require stronger property-level offerings.