| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 84th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1733 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 |
1733 Lakemont Ave Orlando Multifamily Investment
Positioned in an A+ Orlando neighborhood with strong renter depth and stable demand drivers, this 27-unit asset benefits from high-income household dynamics and a high-cost ownership market, according to CRE market data from WDSuite.
The property sits within one of Orlando’s top-ranked neighborhoods (competitive among Orlando-Kissimmee-Sanford neighborhoods), combining day-to-day convenience with lifestyle amenities. Restaurants are dense (top tier nationally), parks are plentiful, and pharmacies and grocery options are well represented—factors that support resident retention and leasing velocity.
Neighborhood housing skews newer by metro standards, and with a 2004 construction date the asset is relatively contemporary versus much of Orlando’s older stock. Investors should plan for mid-life building systems and selective modernization to sustain competitiveness against even newer deliveries.
Renter-occupied housing represents a majority share in the neighborhood, above the metro median, signaling a deep tenant base for small to mid-sized multifamily. Neighborhood occupancy trends sit near the national middle, which places greater emphasis on asset management and amenity positioning to protect rents and reduce turnover.
Within a 3-mile radius, population and household counts have grown recently and are projected to continue expanding, indicating a larger tenant base over the next five years. Incomes are elevated and rising, while home values reflect a high-cost ownership market—conditions that tend to sustain reliance on multifamily rentals and support pricing power. School quality averages in the upper tiers nationally, which can further reinforce stability among long-term renters, based on WDSuite’s multifamily property research.
Safety indicators for the neighborhood trend around the national middle, with recent data showing a meaningful year-over-year decline in estimated violent offenses. Property crime benchmarks are closer to mid-range as well. In the context of the Orlando-Kissimmee-Sanford metro, these patterns suggest conditions that are manageable with standard multifamily security measures and proactive property operations.
Investors should track local trendlines rather than block-level anecdotes; according to WDSuite’s CRE market data, recent momentum has been favorable, but ongoing monitoring remains prudent to protect tenancy and asset performance.
Proximity to regional corporate offices underpins workforce housing demand and supports retention for residents seeking short commutes, including roles in insurance, logistics, corporate dining, and enterprise software highlighted below.
- Prudential — insurance (8.9 miles)
- Ryder — logistics & fleet services (9.0 miles)
- Darden Restaurants — corporate dining (11.8 miles) — HQ
- Symantec — enterprise software (14.5 miles)
- Airgas Specialty Products — industrial gases (28.8 miles)
1733 Lakemont Ave offers exposure to an affluent Orlando neighborhood with strong amenity coverage and a renter concentration above the metro median. The 2004 vintage provides competitive positioning versus older stock while calling for planned mid-life capital to keep interiors and systems current. Neighborhood occupancy sits near the national middle, but high-income households and a high-cost ownership landscape reinforce rental demand and support steady leasing. According to CRE market data from WDSuite, neighborhood performance ranks competitively within the metro on key fundamentals such as amenities and income, helping underpin long-term stability.
Forward-looking 3-mile demographics point to continued population and household growth, rising incomes, and projected rent gains—elements that can sustain rent rolls while rewarding disciplined operations and targeted upgrades. Key risks include average-level occupancy and competition from newer product, both manageable with asset-specific improvements and active leasing strategies.
- Affluent, amenity-rich neighborhood supports retention and pricing power
- 2004 vintage: competitive today with planned mid-life CapEx for systems and finishes
- Renter concentration above metro median signals a deep tenant base
- 3-mile population and household growth expands the renter pool over the next cycle
- Risks: occupancy near national middle and competition from newer deliveries