| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 84th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1675 Lakemont Ave, Orlando, FL, 32814, US |
| Region / Metro | Orlando |
| Year of Construction | 2004 |
| Units | 27 |
| Transaction Date | 2007-07-31 |
| Transaction Price | $40,774,000 |
| Buyer | PBP APARTMENTS LLC |
| Seller | PRE PROPERTY E LLC |
1675 Lakemont Ave Orlando Multifamily Opportunity
High renter concentration and strong incomes in the surrounding neighborhood point to resilient tenant demand, based on CRE market data from WDSuite.
The property sits in one of Orlando’s top-tier neighborhoods (ranked 3rd among 465 metro neighborhoods), indicating well-rounded fundamentals for multifamily performance according to WDSuite’s CRE market data. Neighborhood occupancy trends are in line with national norms, while a high share of renter-occupied units supports a deeper tenant base and steadier leasing velocity.
Livability is a differentiator: restaurant density ranks 12th of 465 locally and parks access ranks 6th, placing the area competitive among Orlando neighborhoods and in the upper national percentiles for amenities. Average school ratings track above national medians, offering an additional stability signal for family-oriented renters.
Home values in the neighborhood sit in a high national percentile, which typically sustains reliance on rental housing and can support pricing power for well-positioned assets. At the same time, the neighborhood’s rent-to-income profile indicates manageable affordability pressure, a positive for retention and renewal strategies.
Within a 3-mile radius, population growth and an increase in households are evident and are projected to continue through the forecast period, suggesting a larger tenant base over time. These dynamics, combined with incomes that skew higher than national norms, reinforce demand for professionally managed multifamily housing.
Safety indicators are mixed when viewed across geographies. Relative to the Orlando metro, the neighborhood’s crime ranking sits closer to the higher-crime segment (ranked 99th out of 465), while national comparisons trend around the middle of the pack. Importantly, violent-offense rates have improved meaningfully year over year, with improvement measures landing in a high national percentile — a constructive sign for investors monitoring trend direction rather than point-in-time readings.
Nearby corporate offices broaden the employment base that feeds renter demand and supports retention, including Prudential, Ryder, Darden Restaurants, and Symantec — all within a commutable radius.
- Prudential — corporate offices (8.8 miles)
- Ryder — corporate offices (8.9 miles)
- Darden Restaurants — corporate HQ & offices (11.8 miles) — HQ
- Symantec — technology offices (14.5 miles)
This 27-unit asset benefits from neighborhood fundamentals that are strong for Orlando: renter-occupied share is elevated, amenity access is competitive among metro peers, and home values are high relative to national benchmarks — factors that often translate into steady absorption and pricing resiliency for well-managed multifamily. According to CRE market data from WDSuite, neighborhood occupancy runs near national norms while incomes skew higher, supporting retention without acute affordability pressure.
Demand tailwinds extend beyond today’s snapshot. Within a 3-mile radius, both population growth and an increase in households are projected, pointing to a larger tenant base over the medium term. For investors, the combination of deep renter demand, strong local services, and proximity to diversified corporate employers provides a balanced backdrop, with the main watch item being mid-pack safety positioning locally despite improving trends.
- High renter-occupied share and strong incomes support demand depth and lease stability
- Competitive amenity access (parks and dining) compared with Orlando peers
- Elevated home values bolster reliance on rental housing and pricing power
- 3-mile radius shows continuing population and household growth, expanding the tenant base
- Risk: Local safety ranks weaker than some Orlando neighborhoods, though recent violent-offense trends are improving