| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 84th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1450 Meeting Pl, Orlando, FL, 32814, US |
| Region / Metro | Orlando |
| Year of Construction | 2007 |
| Units | 38 |
| Transaction Date | 2007-07-31 |
| Transaction Price | $33,226,000 |
| Buyer | PBP APARTMENTS LLC |
| Seller | BP APARTMENTS TOWN CENTER II LLC |
1450 Meeting Pl Orlando Multifamily Investment
Located in an Urban Core pocket with strong renter concentration and high-cost ownership, the asset benefits from durable demand and near-metro-median occupancy, according to WDSuite’s CRE market data. Steady fundamentals and proximity to major employers support leasing stability and rent resilience.
The property sits in one of the Orlando-Kissimmee-Sanford metro’s top-performing neighborhoods (ranked 3 of 465, A+ rating), where daily convenience is strong and demand for rentals is supported by a high share of renter-occupied units. Neighborhood occupancy trends are near the national midpoint, which typically supports stable leasing while limiting downside volatility, based on CRE market data from WDSuite.
Amenities are a local strength: restaurants rank 12 of 465 metro neighborhoods (top quartile), parks rank 6 of 465 (top quartile), and pharmacies rank 31 of 465 (above metro median). Grocery access is competitive among Orlando neighborhoods (145 of 465). Schools average above national median quality (73rd percentile nationally), offering a balanced livability profile for family renters.
The surrounding housing market skews ownership-expensive (median home values near the top decile nationally), which tends to reinforce reliance on multifamily options and support pricing power and retention. Renter-occupied housing units account for a majority share locally (55.8%), indicating a deep tenant base for small and mid-size unit mixes.
Within a 3-mile radius, demographics point to a growing renter pool: population and household counts have expanded in recent years and are projected to continue increasing, with average household size trending modestly smaller. Rising incomes in the area—along with projected gains—signal capacity for rent growth management while still requiring attention to affordability to sustain lease renewals.
Vintage context: neighborhood construction trends are relatively modern (average 2006), and this asset’s 2007 delivery positions it as newer than much of the regional stock. That can enhance competitive standing versus older buildings, while investors should still budget for system updates and selective modernization to maintain appeal over the hold period.
Operating context: neighborhood NOI per unit is above the national median, and rent levels rank high across comparable neighborhoods in the metro. Taken together with around-median occupancy, the submarket supports steady performance with room for selective value creation through renovations and targeted amenity upgrades.
Safety indicators are competitive among Orlando-Kissimmee-Sanford neighborhoods, with overall crime positioning modestly better than the national midpoint (54th percentile nationally). At the metro level, the neighborhood sits toward the healthier side of the spectrum (rank 99 of 465, where lower ranks indicate higher crime), suggesting conditions that are favorable relative to many urban peers without implying block-level guarantees.
Recent trends are directionally positive: estimated violent offenses declined sharply year over year (top-quartile improvement, 85th percentile nationally), while property offenses eased modestly. For investors, improving trends can support renter sentiment and renewal behavior; prudent operators should still apply standard security and lighting best practices to sustain momentum.
Proximity to a diverse base of corporate offices supports workforce housing demand and commute convenience, reinforcing leasing depth for studios and smaller one-bedrooms. Nearby employers include Prudential, Ryder, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Prudential — corporate offices (8.9 miles)
- Ryder — corporate offices (8.9 miles)
- Darden Restaurants — corporate offices (11.8 miles) — HQ
- Symantec — corporate offices (14.6 miles)
- Airgas Specialty Products — corporate offices (28.8 miles)
1450 Meeting Pl is a 38-unit, 2007-vintage asset positioned in an A+ Orlando neighborhood where renter concentration is high and ownership costs are elevated, bolstering reliance on multifamily. Neighborhood occupancy is around the metro and national midpoint, and amenity depth (parks, restaurants, pharmacies) supports day-to-day livability that can translate into stable renewals. Within a 3-mile radius, population and household counts have grown and are projected to continue rising, pointing to a larger tenant base over the hold period.
The asset’s newer-than-average vintage versus local stock enhances competitive positioning while leaving room for targeted upgrades to capture value. According to commercial real estate analysis from WDSuite, neighborhood rent levels and NOI per unit trend above national medians, while a moderate rent-to-income profile helps manage affordability pressure—key for retention and occupancy stability.
- A+ neighborhood (3 of 465 metro rank) with strong amenities and deep renter base
- 2007 construction offers competitive appeal with selective renovation upside
- Household and population growth within 3 miles support a larger tenant pool
- High-cost ownership market underpins rental demand and pricing power
- Risk: occupancy near the midpoint requires active leasing and retention management