| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 31st | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2728 Ruleme St, Eustis, FL, 32726, US |
| Region / Metro | Eustis |
| Year of Construction | 1983 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2728 Ruleme St, Eustis Multifamily Investment
Neighborhood-level renter demand and steady occupancy trends suggest resilient cash flow potential for this asset, based on CRE market data from WDSuite. All references to occupancy and renter metrics reflect the surrounding neighborhood, not the property itself.
The property sits in an inner-suburb location within the Orlando-Kissimmee-Sanford metro, where neighborhood amenities are competitive among the region s 465 neighborhoods (amenities rank 57 of 465). Grocery, restaurant, and pharmacy access test in the top quartile nationally, while cafes are less dense, indicating daily needs are well covered even if coffee-shop options are limited.
Neighborhood occupancy is around 91% and has improved over the past five years, pointing to stable leasing fundamentals at the submarket scale. The share of renter-occupied housing in the neighborhood is 59.3%, indicating a deep tenant base that supports multifamily demand and helps stabilize lease-up and renewal pipelines.
Within a 3-mile radius, population and households have expanded in recent years and are projected to continue growing through 2028, which should widen the renter pool and support occupancy stability. Income measures in the 3-mile radius have also risen, reinforcing the ability to support market rents and measured rent growth. By contrast, neighborhood-level rents track below national medians, which can aid retention and reduce turnover pressure.
Ownership costs appear elevated relative to incomes at the neighborhood level (value-to-income ratio in a high national percentile), which typically sustains reliance on rental housing and can bolster pricing power for well-maintained units. School rating data for the neighborhood is limited, so investors may wish to review district reports for additional context; however, parks and daily retail services are accessible, aligning with workforce housing needs.
Neighborhood-level crime metrics are not available in WDSuite for this specific area at this time. Investors typically benchmark conditions against city and county trends and monitor management-reported incident trends to assess operational risk and tenant retention implications.
Nearby corporate offices across waste services, software, financial services, logistics, and restaurant operations provide diverse employment nodes that can support renter demand and commute convenience for workforce tenants.
- Waste Management D waste services (12.6 miles)
- Symantec D software (20.5 miles)
- Prudential D financial services (28.1 miles)
- Ryder D logistics (30.6 miles)
- Darden Restaurants D restaurant group corporate offices (32.6 miles) D HQ
This 32-unit multifamily asset with efficient average unit sizes near 705 sq. ft. benefits from a neighborhood renter concentration that supports a durable tenant base and around-median occupancy trends for the Orlando-Kissimmee-Sanford metro. According to CRE market data from WDSuite, access to daily amenities ranks competitively in the metro and tests in the top quartile nationally for groceries, restaurants, and pharmacies Dfavorable for resident convenience and retention.
Within a 3-mile radius, population and households have grown and are projected to expand further by 2028, indicating a larger tenant base that can support leasing stability. Neighborhood rents benchmark below national medians, which can aid retention, while a high value-to-income landscape suggests ownership remains comparatively costly Dsustaining multifamily demand. Key watch items include potential competition from nearby ownership options and normal variability associated with a 32-unit asset.
- Stable neighborhood occupancy and deep renter-occupied housing share support leasing durability
- Amenity access ranks competitive in the metro, with strong national standing for daily needs
- 3-mile population and household growth expand the tenant base and support rent collections
- Elevated ownership costs relative to incomes reinforce reliance on rental housing
- Risk: small asset scale and potential shifts toward ownership can introduce leasing variability