| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 35th | Poor |
| Amenities | 38th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1746 Bowen Dr, Orlando, FL, 32822, US |
| Region / Metro | Orlando |
| Year of Construction | 1973 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1746 Bowen Dr Orlando Multifamily Investment
High renter concentration in the surrounding neighborhood supports a deep tenant base, while occupancy trends at the neighborhood level warrant attentive leasing strategy, according to WDSuite’s CRE market data.
Located in Orlando’s Urban Core, the area around 1746 Bowen Dr combines everyday convenience with steady renter demand. Neighborhood grocery and pharmacy access scores competitively—grocery presence sits around the upper-third nationally and pharmacies nearer the top decile—while restaurants are better represented than cafes. Parks and childcare options are thinner locally, so lifestyle offerings are more utilitarian than destination-driven.
The property’s 1973 vintage is older than the neighborhood’s average construction year (1980s), pointing to potential value-add through interior upgrades, system modernization, and exterior improvements. For investors underwriting capital plans, this vintage can be positioned to compete against newer stock with targeted renovations that emphasize durability and operating efficiency.
At the neighborhood level, occupancy sits below the strongest national cohorts, but the share of renter-occupied housing units is high (measured as renter-occupied tenure), which supports a broad tenant base and recurring leasing activity. Home values in the neighborhood are lower relative to many U.S. areas, yet rent-to-income measures indicate affordability pressure for renters; taken together, this suggests attention to pricing power and renewal management can help sustain retention.
Demographic statistics within a 3-mile radius indicate recent population and household growth with further household expansion forecast by 2028, according to WDSuite’s datasets. A growing working-age cohort and rising incomes in the radius support multifamily demand depth and help stabilize occupancy through normal cycles.
Neighborhood safety indicators benchmark near the national middle, based on WDSuite’s comparative measures. Within the Orlando metro set of 465 neighborhoods, the area performs around the metro average, and recent year-over-year trends show declines in both violent and property offense rates, which is directionally supportive for long-term operations.
Investors should underwrite standard security measures, monitor submarket trendlines, and evaluate property-level strategies (lighting, access control) that align with resident expectations and leasing goals.
The nearby employment base mixes logistics, financial services, corporate dining, and technology offices, supporting workforce housing demand and commute convenience for renters. The employers listed below reflect the primary anchors proximate to the neighborhood.
- Ryder — logistics (7.6 miles)
- Prudential — financial services (8.5 miles)
- Darden Restaurants — corporate dining (10.1 miles) — HQ
- Symantec — technology offices (17.8 miles)
- Airgas Specialty Products — industrial gases (27.1 miles)
This 68-unit asset in Orlando’s Urban Core is positioned in a renter-heavy neighborhood that supports consistent tenant sourcing and renewal activity. According to CRE market data from WDSuite, neighborhood occupancy trends trail the strongest national cohorts, but high renter-occupied tenure and a growing 3-mile radius population and household base underpin demand and help support leasing stability through cycles.
Built in 1973, the property offers a clear value-add path via targeted renovations and building system upgrades to compete effectively against 1980s-and-newer stock. Local ownership costs are relatively accessible compared with many U.S. markets, but rent-to-income measures point to affordability pressure for renters—suggesting a focus on amenity-light, durable finishes and disciplined renewal strategies to balance pricing power with retention.
- Renter-heavy neighborhood supports a broad tenant base and recurring leasing activity.
- 1973 vintage presents value-add and systems modernization upside versus newer competitive stock.
- 3-mile radius population and household growth bolster demand and occupancy resilience over time.
- Amenity access is practical (grocery/pharmacy strength), supporting day-to-day livability for residents.
- Risks: neighborhood occupancy below top national tiers and renter affordability pressure call for careful pricing and renewal management.