| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 84th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1701 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 |
1701 Meeting Pl Orlando Multifamily in A+ Neighborhood
Occupancy in the surrounding neighborhood trends around the metro median, while renter demand is supported by strong incomes and limited ownership alternatives, according to WDSuite’s CRE market data. The location offers stable fundamentals with upside from light operational and unit-level improvements.
Located at 1701 Meeting Pl in Orlando’s Urban Core, the property sits in a top-tier neighborhood (A+ rating; competitive among 465 Orlando-Kissimmee-Sanford neighborhoods). Local rents in this neighborhood skew toward the higher end of the metro, and occupancy is roughly mid-pack—an attractive mix for investors seeking income durability with targeted value-add potential.
Amenities are a notable strength: restaurant density ranks among the best in the metro and places the area in the top quartile nationally, parks access is exceptionally strong, and pharmacies and grocery options are well represented. Café concentration is thinner, but everyday services and family-oriented resources are strong, with childcare availability ranking near the top of the metro—favorable for household retention and day-to-day convenience.
The neighborhood’s building stock averages mid-2000s. This asset’s 2004 vintage is slightly older than the neighborhood average (2006), suggesting modest capital planning for systems refresh and cosmetic upgrades—typical value-add levers to maintain competitiveness against newer stock.
Renter concentration at the neighborhood level is a majority of housing units being renter-occupied (above metro median share). This indicates a deep tenant base for multifamily and supports demand stability through cycles. Paired with elevated home values in the neighborhood’s ownership market, this dynamic can reinforce reliance on rental housing and aid lease retention.
Within a 3-mile radius, population and households have grown and are projected to continue expanding, with households expected to increase meaningfully alongside a slight reduction in average household size. This points to a larger tenant base and more renters entering the market, which can support occupancy and pricing power. Household incomes in the 3-mile radius have risen materially, and rent-to-income levels in the neighborhood suggest manageable affordability pressures—useful for lease management and retention, based on CRE market data from WDSuite’s multifamily property research.
Schools in the neighborhood score above national averages on average, which can bolster family-oriented renter demand. Taken together—amenities, income strength, and steady demographic expansion—local dynamics favor long-term multifamily performance while leaving room for selective upgrades to sharpen competitive positioning.
Safety indicators are broadly around national averages with a constructive trend line. Violent-offense rates have declined sharply year over year (top-quartile improvement nationally), while property-related offenses align closer to the national midpoint. At the metro level, the neighborhood ranks competitively among 465 Orlando-Kissimmee-Sanford neighborhoods, reflecting conditions that are generally in line with the wider region.
For investors, the directional improvement in violent-offense metrics reduces downside risk to leasing and retention, while overall levels that track near national norms suggest typical operating considerations for Orlando workforce and professional renter segments. As always, property-level measures and management practices remain key to outcomes.
The surrounding employment base blends insurance, logistics, corporate restaurant leadership, cybersecurity, and industrial gases—supporting a diversified pool of professional renters and commute convenience for the property. Listed employers below reflect nearby demand drivers most relevant to leasing stability.
- Prudential — insurance (8.9 miles)
- Ryder — logistics (8.9 miles)
- Darden Restaurants — restaurant corporate offices (11.8 miles) — HQ
- Symantec — cybersecurity/software (14.5 miles)
- Airgas Specialty Products — industrial gases (28.8 miles)
This 34-unit, 2004-vintage asset in an A+ Orlando neighborhood benefits from a deep renter pool, elevated neighborhood incomes, and strong amenity access. Neighborhood occupancy trends around the metro median, and local rents sit toward the higher end—an appealing backdrop for steady income with room to enhance finishes and operations to capture incremental rent. Elevated neighborhood home values reinforce reliance on multifamily options, supporting tenant retention and leasing velocity over time.
Slightly older vintage relative to nearby stock (2006 average) points to practical value-add opportunities—modernizing interiors and refreshing common areas to remain competitive with newer deliveries. According to WDSuite’s commercial real estate analysis, the combination of strong amenities, income depth, and continued renter pool expansion within 3 miles supports occupancy stability and measured pricing power.
- A+ neighborhood with top-tier amenities and income depth supports durable renter demand
- Occupancy around metro median with rents toward the higher end creates scope for operational upside
- 2004 vintage offers value-add via selective systems updates and interior upgrades
- Elevated ownership costs nearby can reinforce reliance on multifamily housing and aid retention
- Risk: mid-pack occupancy and competition from newer stock require disciplined asset management