| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 84th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1700 Jake St, Orlando, FL, 32814, US |
| Region / Metro | Orlando |
| Year of Construction | 2007 |
| Units | 40 |
| Transaction Date | 2007-07-31 |
| Transaction Price | $33,226,000 |
| Buyer | PBP APARTMENTS LLC |
| Seller | BP APARTMENTS TOWN CENTER II LLC |
1700 Jake St Orlando Multifamily in High-Income Submarket
Renter concentration is elevated at the neighborhood level with incomes well above regional norms, supporting depth of demand and lease retention according to WDSuite’s CRE market data.
Located at 1700 Jake St in Orlando, the property sits in an A+ rated neighborhood that is competitive among Orlando-Kissimmee-Sanford neighborhoods (ranked 3 out of 465). Neighborhood occupancy trends are around the metro median, while a high share of renter-occupied housing units (55.8%) indicates a deep tenant base that supports multifamily demand and leasing stability.
Daily needs and lifestyle amenities are strong. Restaurant density places the area in the top quartile nationally, and parks access is also top quartile, providing quality-of-life advantages that can aid retention. Pharmacies and childcare options score above metro medians, though café density is comparatively limited — a minor convenience gap rather than a structural drawback.
Construction patterns skew newer than many U.S. submarkets (neighborhood average year 2006). With a 2007 vintage, the asset is slightly newer than the local average, which can be competitively positioned versus older stock. Investors should still consider routine system updates and light modernization to maintain appeal.
Demographic statistics aggregated within a 3-mile radius indicate recent population and household growth, with additional gains projected through 2028. Rising incomes and a forecast increase in higher-earning households expand the renter pool, supporting occupancy stability and pricing power. Elevated home values in the immediate area signal a high-cost ownership market, which tends to reinforce reliance on multifamily rentals; at the neighborhood level, rent-to-income is manageable, which supports lease retention and reduces turnover risk.
Safety indicators are mixed. Within the Orlando metro comparison set (465 neighborhoods), the area’s crime rank (99 of 465) suggests higher-than-average crime relative to the metro. Nationally, overall safety aligns near the middle of the pack, and recent trends show improvement, with violent-offense rates declining year over year and property offenses easing modestly. For investors, this points to standard risk management and security measures rather than a structural deterrent.
Proximity to established corporate employers supports a steady commuter tenant base and can bolster retention. Notable nearby employers include Prudential, Ryder, Darden Restaurants, and Symantec, which collectively broaden white-collar job access for residents.
- Prudential — financial services offices (9.0 miles)
- Ryder — logistics & transportation offices (9.0 miles)
- Darden Restaurants — restaurant group corporate (11.9 miles) — HQ
- Symantec — software & security offices (14.6 miles)
This 40-unit, 2007-vintage property aligns with durable renter demand drivers: a high share of renter-occupied housing at the neighborhood level, strong household incomes, and lifestyle amenities that support retention. Occupancy is around the metro median, but high-cost homeownership locally and manageable rent-to-income conditions provide a foundation for stable tenancy and measured pricing power, based on CRE market data from WDSuite.
The asset’s slightly newer-than-average vintage versus the neighborhood (2007 vs. 2006) offers competitive positioning relative to older stock, while routine capital planning for systems and selective upgrades can enhance leasing velocity. Demographic trends within a 3-mile radius point to continued population and household growth, expanding the renter pool and supporting long-term cash flow durability.
- High renter-occupied share and strong incomes underpin tenant depth and retention
- 2007 vintage offers competitive positioning with potential light value-add
- Amenity access (restaurants, parks, services) supports leasing and renewal prospects
- Demographic tailwinds within 3 miles indicate a growing renter pool
- Risk: Safety ranks below metro median; standard security and tenant screening are important