| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 24th | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5200 Eggleston Ave, Orlando, FL, 32810, US |
| Region / Metro | Orlando |
| Year of Construction | 1981 |
| Units | 102 |
| Transaction Date | 2019-06-07 |
| Transaction Price | $5,787,000 |
| Buyer | CPT I LP |
| Seller | COLLEGE PARK TOWERS INC |
5200 Eggleston Ave Orlando Multifamily Investment
Neighborhood occupancy has trended upward and renter demand is durable for workforce housing, according to WDSuite’s CRE market data. Metrics cited are measured for the surrounding neighborhood, not the property.
Located in Orlando’s inner suburbs, the property sits in a renter-oriented neighborhood where a majority of housing units are renter-occupied, supporting a deeper tenant base and steady leasing. The neighborhood’s occupancy trend has improved over the past five years and is above the metro median among 465 Orlando-Kissimmee-Sanford neighborhoods, a constructive signal for multifamily stability.
Daily needs are well covered: grocery availability ranks competitively (ranked near the top tier among 465 metro neighborhoods) and restaurants and cafes are comparatively dense for the area. Park and pharmacy access are limited locally, which may influence resident convenience expectations and should be considered in amenity programming.
Home values in the neighborhood are elevated relative to local incomes (high national value-to-income percentile), which tends to sustain reliance on rental housing and can support pricing power. Median contract rents in the neighborhood sit around the middle of national distributions, suggesting room for value positioning without overextending affordability; lease management should still monitor rent-to-income levels to protect retention.
Within a 3-mile radius, population and households have grown over the last five years and are forecast to continue expanding, pointing to a larger tenant base and ongoing renter pool expansion. Average household size is trending down, which can favor smaller formats and support absorption across one-bedroom inventory. The average neighborhood building vintage skews to the mid-1970s; with a 1981 construction year, this asset is somewhat newer than the local average, offering competitive positioning versus older stock while still warranting targeted systems modernization or common-area updates for long-term performance.
School ratings in the neighborhood trend below national norms, which may matter for family-oriented leasing strategies; investors can mitigate this by emphasizing access to employment nodes and on-site amenities that resonate with working households. Overall neighborhood rating sits in the mid-range (C+), adequate for workforce-oriented strategies with disciplined operations.
Neighborhood safety metrics trend below national averages, and the area ranks on the weaker half of the Orlando metro (measured against 465 neighborhoods). That said, recent data show improvement with year-over-year declines in both estimated property and violent offenses, indicating momentum in the right direction.
For underwriting and asset management, frame safety as a comparative factor rather than a block-level attribute, and weigh improvements alongside operating measures such as lighting, access controls, and resident engagement to support retention.
Proximity to established corporate employers supports a broad white-collar renter base and commute convenience, which can aid leasing velocity and retention for workforce units. The nearby employment mix includes Prudential, Ryder, Symantec, Darden Restaurants, and Airgas Specialty Products.
- Prudential — financial services (8.6 miles)
- Ryder — logistics & transportation (10.1 miles)
- Symantec — cybersecurity/software (12.1 miles)
- Darden Restaurants — restaurant group corporate offices (13.0 miles) — HQ
- Airgas Specialty Products — industrial gases (29.0 miles)
This 102-unit asset built in 1981 aligns with workforce housing demand in an inner-suburban Orlando neighborhood where occupancy trends have firmed and sit above the metro median. High renter concentration in the neighborhood deepens the tenant pool, while elevated ownership costs relative to incomes reinforce reliance on multifamily housing. According to CRE market data from WDSuite, nearby amenities are strongest for groceries and dining, with limited park and pharmacy access—an operational consideration that can be offset through on-site offerings.
Within a 3-mile radius, population and household growth—alongside shrinking average household size—point to ongoing renter pool expansion that can support occupancy stability. Given the vintage, the property should remain competitive versus older local stock, with targeted capital plans around systems and common areas positioning the asset for durable performance. Key watch items include neighborhood safety benchmarks and school ratings, which may necessitate enhanced security, resident programming, and careful rent-to-income management to sustain retention.
- Occupancy above the metro median and improving trend support leasing stability.
- High renter-occupied share indicates a deeper tenant base for workforce housing.
- 1981 vintage offers competitive positioning versus older neighborhood stock with focused value-add potential.
- 3-mile population and household growth, with smaller household sizes, supports ongoing renter demand.
- Risks: below-average safety and school ratings; manage via security, amenities, and affordability-aware leasing.