| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 21st | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1724 London Crest Dr, Orlando, FL, 32818, US |
| Region / Metro | Orlando |
| Year of Construction | 2012 |
| Units | 29 |
| Transaction Date | 2008-11-05 |
| Transaction Price | $180,000 |
| Buyer | ABODE BALDWIN STEPHEN |
| Seller | L S K DEVELOPMENT LLC |
1724 London Crest Dr Orlando Multifamily Investment
Neighborhood data points to a deep renter base and steady occupancy conditions, according to WDSuite’s CRE market data, supporting durable cash flow potential at this Orlando address. Newer construction relative to the area enhances competitiveness versus older stock.
Located in Orlando’s Urban Core, the surrounding neighborhood is rated B and ranks 178 out of 465 metro neighborhoods — above metro median. Dining and daily-needs access are strengths: restaurants and cafes are top quartile nationally, and pharmacies and childcare access also score well, while grocery options are above the national median. Park access is limited, which may reduce recreational appeal compared with greener subareas.
The neighborhood’s housing stock trends older on average (1987), while the subject’s 2012 construction is materially newer — a competitive edge versus nearby properties that may face higher near-term capital needs. Neighborhood occupancy is 92.9% (neighborhood figure), sitting above national median levels, indicating reasonably stable renter demand.
Renter concentration is high at the neighborhood level, with 79.5% of housing units renter-occupied (top percentile locally), reinforcing depth of the tenant base. Within a 3-mile radius, demographics show recent population growth alongside modest household gains; forward-looking estimates indicate households may continue to increase even as population trends level off, implying smaller household sizes and a broader leasing universe for multifamily.
Home values in the area represent a high-cost ownership market relative to incomes (value-to-income ratio sits in the upper national percentiles). For investors, that context typically sustains reliance on rental housing and can support pricing power and retention, though the neighborhood’s rent-to-income ratio near the high end suggests careful lease management around affordability pressure.
Safety indicators are mixed. At the metro level, the neighborhood ranks above the median among 465 Orlando–Kissimmee–Sanford neighborhoods. Nationally, indicators sit below the median; however, property offense rates have improved year over year with a notable downward trend. Investors should evaluate security measures and operating practices that support tenant retention while monitoring citywide trends.
Nearby employers provide a diversified white-collar and services employment base that supports renter demand through commute convenience and retention. The following corporate offices are within a practical drive and underpin leasing fundamentals in this part of Orlando: Prudential, Ryder, Darden Restaurants, Symantec, Airgas Specialty Products, and Waste Management.
- Prudential — corporate offices (5.9 miles)
- Ryder — corporate offices (8.4 miles)
- Darden Restaurants — corporate offices (10.5 miles) — HQ
- Symantec — corporate offices (17.2 miles)
- Airgas Specialty Products — corporate offices (24.2 miles)
- Waste Management — corporate offices (31.3 miles)
Built in 2012, this 29-unit asset is newer than the neighborhood’s typical vintage, positioning it competitively against older local stock that may require heavier near-term capital. Neighborhood-level data shows high renter concentration and above-median occupancy, underscoring a sizable tenant base and supportive leasing backdrop. According to CRE market data from WDSuite, restaurants, cafes, pharmacies, and childcare access trend in the top national quartiles, bolstering livability for renters.
Within a 3-mile radius, recent population growth has paired with modest household gains, and forecasts indicate households could expand further even if population growth moderates — a setup that can widen the renter pool and support occupancy stability. Ownership remains relatively costly versus incomes, which tends to reinforce reliance on multifamily housing; however, elevated rent-to-income ratios suggest prudent rent setting and renewal strategies are warranted. School ratings and limited park access are softer points to consider in underwriting.
- 2012 vintage offers competitive positioning versus older neighborhood stock, with potential for selective upgrades over time
- High neighborhood renter-occupied share supports a deep tenant base and leasing durability
- Amenity access in top national quartiles (dining, cafes, services) enhances resident retention
- Household growth within 3 miles points to a broader renter pool and supports occupancy stability
- Risks: below-median national safety metrics, elevated rent-to-income ratio, and lower school ratings warrant conservative assumptions