| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 84th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1875 Lakemont Ave, Orlando, FL, 32814, US |
| Region / Metro | Orlando |
| Year of Construction | 2007 |
| Units | 27 |
| Transaction Date | 2006-01-05 |
| Transaction Price | $2,464,000 |
| Buyer | PBP APARTMENTS LLC |
| Seller | BP APARTMENTS TOWN CENTER II LLC |
1875 Lakemont Ave Orlando 27-Unit Multifamily
Positioned in an A+ rated Orlando neighborhood with a strong renter base and steady occupancy, this asset benefits from durable demand drivers, according to WDSuite s CRE market data.
The property sits in Orlando s Urban Core with an A+ neighborhood rating (ranked 3rd among 465 metro neighborhoods), signaling resilient fundamentals for multifamily investors. Neighborhood occupancy trends around the national midpoint, while the share of renter-occupied housing is elevated (92nd percentile nationally), indicating a deeper tenant pool that can support leasing stability and renewal velocity.
Local conveniences are competitive among Orlando-Kissimmee-Sanford neighborhoods: restaurants are plentiful (rank 12 of 465), grocery and pharmacy access track above national norms (both around the upper quartiles), and park access is a standout (rank 6 of 465). Childcare availability is also a strength (rank 10 of 465). School ratings average around 3.5 out of 5 and sit above national norms (73rd percentile), aligning with family-oriented demand without relying exclusively on school-driven leasing.
Within a 3-mile radius, population and households have grown in recent years, and forecasts point to continued expansion through 2028, including a notable increase in households alongside slightly smaller average household sizes. For investors, that translates to a larger tenant base and diversified demand across unit types, which can support occupancy and absorption.
Ownership costs in the neighborhood are elevated relative to national benchmarks (home values in the 93rd percentile), which reinforces reliance on multifamily rentals and supports pricing power. Rent-to-income metrics are favorable (around the national midpoint), offering room for revenue management while keeping an eye on retention risk as lease terms adjust.
Safety trends are broadly steady to improving in this area. Compared with national neighborhoods, overall crime sits modestly on the safer side of the spectrum (around the 54th percentile), and within the Orlando-Kissimmee-Sanford metro the neighborhood ranks 99th out of 465 4a position that is above the metro median. Recent data also shows a sharp year-over-year decline in violent incidents (improvement consistent with the 85th national percentile), while property crime levels trend near the national midpoint.
Investors should view these signals as supportive of renter retention and leasing activity, while maintaining standard asset-level safety practices and tenant communication.
Nearby corporate offices provide a diversified employment base and commute convenience that support renter demand and retention, including Prudential, Ryder, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Prudential mdash; corporate offices (8.9 miles)
- Ryder mdash; corporate offices (9.1 miles)
- Darden Restaurants mdash; corporate offices (11.9 miles) mdash; HQ
- Symantec mdash; corporate offices (14.4 miles)
- Airgas Specialty Products mdash; corporate offices (28.9 miles)
This 27-unit asset is positioned in an A+ rated Urban Core location where the renter-occupied share is high and neighborhood amenities are competitive, supporting day-to-day livability and leasing. Elevated home values relative to national norms sustain reliance on rentals, while rent-to-income levels around the national midpoint suggest measured pricing power and manageable retention risk. Within a 3-mile radius, recent population growth and a projected increase in households through 2028 point to a larger tenant base and support occupancy stability.
Neighborhood income performance is strong and park, restaurant, and childcare access rank competitively within the metro, which can enhance appeal to a broad renter profile. According to commercial real estate analysis from WDSuite, neighborhood occupancy trends near the national midpoint, so thoughtful revenue management and targeted upgrades may be effective in capturing demand without overextending on concessions.
- A+ neighborhood with competitive amenities and high renter concentration
- Elevated ownership costs reinforce multifamily demand and pricing power
- 3-mile population and household growth expands the tenant base through 2028
- Risk: neighborhood occupancy near the national midpoint requires disciplined lease and retention strategy