| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 84th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 Jake St, Orlando, FL, 32814, US |
| Region / Metro | Orlando |
| Year of Construction | 2007 |
| Units | 40 |
| Transaction Date | 2007-07-31 |
| Transaction Price | $33,226,000 |
| Buyer | PBP APARTMENTS LLC |
| Seller | BP APARTMENTS TOWN CENTER II LLC |
1900 Jake St Orlando Multifamily Opportunity
Positioned in an A+ rated Orlando neighborhood, the asset benefits from a deep renter-occupied base and strong local amenities, according to WDSuite s CRE market data. Neighborhood occupancy trends are steady, supporting durable cash flow potential in a high-cost ownership market.
The property sits within one of Orlando s high-performing Urban Core neighborhoods (A+), competitive among 465 metro neighborhoods. Amenity access is a standout: restaurants rank near the top of the metro (12 of 465; 97th percentile nationally), and parks are abundant (6 of 465; 99th percentile nationally). Pharmacies and grocery options also register above metro medians, supporting daily convenience and lease retention.
Neighborhood renter-occupied share is 55.8% of housing units, indicating a sizable tenant base for multifamily demand rather than owner preference. Median contract rents at the neighborhood level sit in the upper tier locally (94th percentile nationally), while the rent-to-income ratio of 0.15 suggests manageable affordability pressure, which can aid renewal rates and pricing discipline.
Within a 3-mile radius, WDSuite data shows population growth over the last five years alongside a larger increase in households, implying slightly smaller household sizes and a broader renter pool. Looking forward to 2028, households are projected to expand by roughly 38%, with median incomes also trending higher, which supports absorption and occupancy stability for well-located properties.
Home values in the neighborhood are elevated (93rd percentile nationally), placing the area among higher-cost ownership markets in the Orlando-Kissimmee-Sanford metro. For investors, this context typically sustains reliance on rental housing and can underpin multifamily demand depth. Neighborhood occupancy is around the national midpoint, and average NOI per unit trends are above national norms for comparable neighborhoods, signaling supportive fundamentals without depending on outsized rent growth.
Safety indicators are mixed in a way investors should contextualize. Nationally, the neighborhood sits slightly above average for safety (54th percentile), while within the Orlando-Kissimmee-Sanford metro its crime rank is 99 out of 465 neighborhoods lower rank here indicates more reported crime, so it tracks higher than many local peers. That said, recent trends point favorably: estimated violent incidents declined by about 47.8% year over year, and property offenses edged down as well, according to WDSuite. Interpreting these signals at the neighborhood level is prudent for underwriting and insurance assumptions.
The surrounding employment base blends finance, logistics, corporate services, and hospitality headquarters exposure ikely to support renter demand through commute convenience for white-collar and managerial roles. Key nearby employers include Prudential, Ryder, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Prudential insurance & financial services (8.96 miles)
- Ryder logistics & transportation (9.05 miles)
- Darden Restaurants corporate restaurant group (11.92 miles) HQ
- Symantec cybersecurity (14.44 miles)
- Airgas Specialty Products industrial gases (28.93 miles)
This 40-unit asset benefits from a high-performing Orlando Urban Core location where neighborhood renter concentration, elevated home values, and robust amenity access reinforce multifamily demand. Neighborhood rents price in the upper local tier, yet rent-to-income levels indicate room for disciplined growth and retention. Within a 3-mile radius, WDSuite data points to population growth and a faster rise in households factors that typically broaden the tenant base and support occupancy stability.
According to CRE market data from WDSuite, neighborhood occupancy trends are around national midpoints while income levels and amenity coverage are strong for the metro, positioning well-maintained properties to compete effectively without relying on outsized rent lifts. Key underwriting considerations include monitoring metro-relative safety variability and maintaining product quality to capture higher-income renters drawn by the area s convenience and services.
- High renter-occupied share and elevated home values sustain multifamily demand depth
- Amenity-rich setting (restaurants, parks, daily needs) supports retention and leasing velocity
- 3-mile household growth and rising incomes expand the tenant base and absorption
- Neighborhood occupancy near national midpoints with above-average income profile
- Risk: metro-relative safety variability warrants prudent insurance and security planning