| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 84th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1700 Meeting Pl, Orlando, FL, 32814, US |
| Region / Metro | Orlando |
| Year of Construction | 2004 |
| Units | 34 |
| Transaction Date | 2007-07-31 |
| Transaction Price | $40,774,000 |
| Buyer | PBP APARTMENTS LLC |
| Seller | PRE PROPERTY E LLC |
1700 Meeting Pl Orlando Multifamily Investment
High-income renter demand and strong neighborhood amenities support durable leasing conditions, according to WDSuite’s CRE market data. Neighborhood metrics point to stable occupancy with pricing anchored by a deep tenant base rather than concessions.
Situated in Orlando’s Urban Core, the neighborhood surrounding 1700 Meeting Pl carries an A+ rating and ranks 3rd among 465 metro neighborhoods, indicating strong fundamentals for multifamily investors. Restaurants are dense (97th percentile nationally) and parks are a standout strength, with the area ranking 6th of 465 metro neighborhoods for park access—conditions that tend to enhance livability and support retention.
Essential services are convenient: grocery and pharmacy access both sit in the upper national percentiles (around the high‑70s to 90th percentile range), while childcare availability ranks 10th out of 465 metro neighborhoods. Average school ratings in the neighborhood are mid‑to‑upper tier locally (about 3.5 out of five, 73rd percentile nationally). These are neighborhood‑level indicators and not specific to the property, but they signal a location framework conducive to renter stability.
On the housing side, neighborhood occupancy is about 91%, and the renter-occupied share is roughly 55.8%—a meaningful renter concentration that suggests a broad tenant base for multifamily assets. Median contract rents are elevated relative to national benchmarks, while the rent-to-income ratio trends near national medians, implying manageable affordability pressure for lease management rather than acute strain.
Within a 3‑mile radius, demographics show population growth in recent years with additional gains expected, alongside a rising household count and slightly smaller average household sizes. This pattern typically expands the renter pool and supports occupancy stability and lease-up velocity. Neighborhood NOI per unit performance trends as competitive among Orlando submarkets (top quartile locally and strong nationally), reinforcing operational potential for well-run assets.
Safety indicators for the surrounding neighborhood are modestly favorable, trending slightly above the national median overall. Notably, violent-offense rates show meaningful year-over-year improvement, placing the improvement trend in a high national percentile. Property-offense measures have been edging lower as well, though at a more moderate pace. These are neighborhood-level signals and should be considered alongside on-site security practices and investor due diligence.
A diversified base of nearby corporate offices supports commuter convenience and multifamily renter demand, with large employers within typical driving distance that can bolster retention and leasing stability. The list below includes Prudential, Ryder, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Prudential — corporate offices (8.8 miles)
- Ryder — corporate offices (8.9 miles)
- Darden Restaurants — restaurant group HQ and corporate (11.8 miles) — HQ
- Symantec — software & cybersecurity offices (14.5 miles)
- Airgas Specialty Products — industrial gases offices (28.8 miles)
This 34‑unit property, built in 2004, sits in an A+‑rated Orlando neighborhood with strong household incomes, elevated home values, and a meaningful share of renter-occupied housing—factors that typically reinforce rental demand and support occupancy stability. Elevated neighborhood amenities (notably parks and dining) and convenient daily needs create a livable setting that can aid retention. Given the 2004 vintage relative to a locally newer stock average, selective modernization could unlock value-add upside while remaining competitive against older assets.
Demand fundamentals are supported by a growing 3‑mile population and expanding household counts, which point to a larger tenant base over the next cycle. Elevated neighborhood rents coexist with a rent-to-income profile near national medians, suggesting room for disciplined pricing and renewal management according to CRE market data from WDSuite. Investors should balance these strengths against mid-pack neighborhood occupancy trends by focusing on asset quality, unit mix, and operational execution.
- A+ neighborhood with high-income tenant base and strong amenities supporting demand
- 2004 vintage offers potential for targeted renovations and value-add positioning
- Expanding 3‑mile renter pool and household growth support occupancy stability
- Elevated home values reinforce reliance on rental housing, aiding pricing power
- Risk: neighborhood occupancy trends are mid‑pack; execution on leasing and renewals remains critical