| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Poor |
| Demographics | 49th | Fair |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2510 Washington Ave, Eustis, FL, 32726, US |
| Region / Metro | Eustis |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2510 Washington Ave Eustis Multifamily Investment
Neighborhood occupancy is strong and stable, supporting renter demand near Eustis, according to WDSuite’s CRE market data. With rents tracking local incomes, this submarket offers balanced fundamentals for underwriting and lease management.
Eustis sits within the Orlando–Kissimmee–Sanford metro and shows steady renter demand signals for investors. The surrounding neighborhood posts an estimated 95.1% occupancy, placing it competitive among Orlando–Kissimmee–Sanford neighborhoods (ranked 102 of 465), which supports near-term leasing stability. Median rents in the area align with household earnings, and the rent-to-income ratio near 0.17 suggests manageable affordability pressure that can aid retention and reduce turnover risk, based on CRE market data from WDSuite. Note that occupancy metrics reflect the neighborhood, not this specific property.
Local amenity access is balanced: pharmacies are a relative strength while everyday retail, groceries, and dining are present at moderate densities. Park access is limited, which may modestly affect lifestyle appeal versus amenity-rich Orlando submarkets. Vintage housing stock in the neighborhood averages late-1970s; a 1986 asset can be positioned as relatively newer versus much of the competitive set while still benefiting from targeted modernization.
Within a 3-mile radius, demographics point to a growing tenant base: population and households have expanded over the last five years, and forecasts indicate further population growth and a notable increase in households over the next five. This trajectory supports a larger renter pool and sustained absorption. Household sizes have edged slightly lower, which can favor smaller-format units and diversify demand drivers.
Tenure data within a 3-mile radius shows roughly three in ten housing units are renter-occupied, indicating a meaningful but not dominant renter concentration. This supports depth for workforce and lifestyle renters while still competing with ownership options. Home values in the neighborhood are lower than many coastal Florida markets, so ownership can be more accessible; for multifamily owners, that typically translates to measured pricing power and an emphasis on resident experience and lease management to drive renewals rather than outsized rent lifts.
Safety indicators present a mixed but interpretable picture for investors. On a national basis, violent offense rates benchmark in a high safety percentile (top decile nationally), which supports renter appeal and leasing stability. However, relative to the Orlando–Kissimmee–Sanford metro, some crime ranks sit closer to higher-crime cohorts, and recent property offense trends have shown an uptick year over year. Monitoring submarket-level trends and applying standard security and lighting upgrades can help mitigate exposure.
Regional employers across corporate services, technology, logistics, and hospitality create a diversified employment base that supports commuting renters and lease retention. The following employers are within a practical drive of the property and anchor demand in the broader metro.
- Waste Management — environmental services (14.6 miles)
- Symantec — technology/security offices (18.9 miles)
- Prudential — financial services (28.3 miles)
- Ryder — logistics/transport (30.7 miles)
- Darden Restaurants — hospitality corporate offices (32.8 miles) — HQ
This 32-unit asset from 1986 offers a relatively newer vintage than much of the nearby housing stock, providing competitive positioning against older properties while leaving room for targeted system updates and interior refreshes. Neighborhood occupancy around 95% and rents that align with local incomes point to stable day-to-day operations and tenant retention potential. According to CRE market data from WDSuite, the submarket’s amenity mix and income growth trends have supported consistent renter demand without relying on outsized rent increases.
Within a 3-mile radius, recent and forecasted growth in population and households expands the renter base, reinforcing leasing velocity for well-managed assets. Tenure patterns indicate a meaningful renter share but with ongoing competition from ownership, so operators that emphasize resident experience, value-forward renovations, and prudent expense control are positioned to capture steady occupancy and disciplined rent progression.
- Stabilizing fundamentals: neighborhood occupancy near 95% supports day-to-day leasing and renewal rates.
- Demand tailwinds: 3-mile population and household growth expand the renter pool and support absorption.
- Competitive vintage: 1986 construction can outperform older stock with targeted upgrades and operational focus.
- Income-aligned rents: rent levels relative to local incomes aid retention and reduce turnover risk.
- Risks: limited park access, metro-relative crime ranks, and aging systems require active management and capex planning.