| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 32nd | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5202 Millenia Blvd, Orlando, FL, 32839, US |
| Region / Metro | Orlando |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | $1,787,000 |
| Buyer | 5150 MILLENIA FL OWNER LP |
| Seller | CED LANDINGS LESSOR LLC |
5202 Millenia Blvd Orlando Multifamily Investment Opportunity
High renter concentration and steady in-migration support a durable tenant base for small to mid-size assets, according to WDSuite’s commercial real estate analysis. Positioning near employment nodes adds leasing depth, while current neighborhood occupancy suggests active asset management can enhance performance.
Located in Orlando’s Urban Core, the area around 5202 Millenia Blvd shows balanced fundamentals for workforce-oriented rentals. Neighborhood rents benchmark above many metro peers (top national quartiles), and the share of renter-occupied housing units is very high, indicating a deep tenant pool and consistent leasing demand, based on CRE market data from WDSuite.
Livability is mixed but serviceable: grocery and pharmacy access ranks above metro median (ranks 76 and 39 out of 465 metro neighborhoods), while cafes and parks are limited in immediate proximity. Average school ratings in the neighborhood are on the lower side nationally, which may modestly narrow appeal to family renters, but doesn’t typically deter demand for smaller unit mixes near jobs and retail.
Within a 3-mile radius, demographics indicate a stable population today with forecasts pointing to population growth and a notable increase in households over the next five years. Projections also show smaller household sizes, which can expand the renter pool and support occupancy for studios and one-bedrooms. Median incomes have been trending higher in recent years, supporting rent collections and renewal potential when paired with careful lease management.
Ownership costs are moderate relative to incomes locally, and elevated value-to-income ratios compared with many U.S. neighborhoods help sustain reliance on rental housing. The neighborhood’s construction profile skews relatively recent; this 2002-vintage property is slightly older than the local average (2004), suggesting routine capital planning and selective renovations could sharpen competitive positioning versus newer stock while capturing value-add upside.
Safety indicators are mixed in a regional context. The neighborhood’s overall crime rank sits competitive among Orlando-Kissimmee-Sanford neighborhoods (rank 129 out of 465), while national percentiles place the area near the middle of U.S. neighborhoods overall. Investors should underwrite with standard precautions typical of Urban Core submarkets and emphasize lighting, access control, and active management.
Trend data is constructive: estimated violent and property offense rates have declined year over year, with property incidents showing a sharper improvement. These directional trends, drawn from WDSuite’s CRE market data, can support resident retention when paired with on-site measures and community engagement.
Proximity to corporate offices underpins weekday traffic and supports renter demand through short commutes. Nearby employers include Prudential, Ryder, Darden Restaurants, Airgas Specialty Products, and Symantec.
- Prudential — financial services (0.6 miles)
- Ryder — logistics & leasing (2.2 miles)
- Darden Restaurants — restaurant HQ & corporate (4.2 miles) — HQ
- Airgas Specialty Products — industrial gases (19.9 miles)
- Symantec — cybersecurity offices (21.3 miles)
This 24-unit, 2002-vintage asset benefits from a renter-driven neighborhood where the renter-occupied housing share sits near the top of national ranges. Nearby employment and retail nodes strengthen day-to-day convenience, while forecasts within a 3-mile radius point to population growth and a meaningful increase in households, supporting a larger tenant base and potential occupancy stability. According to CRE market data from WDSuite, neighborhood rents track in higher national percentiles, and ownership remains a high-cost path for many households locally, reinforcing demand for multifamily.
The vintage is slightly older than the neighborhood average, creating a pragmatic value-add path through systems upgrades and unit refreshes to compete with newer deliveries. Underwriting should account for currently softer neighborhood occupancy and varying school quality, offset by improving safety trends and strong renter concentration that can stabilize leasing with attentive operations.
- Renter-heavy neighborhood supports deep tenant base and renewal potential
- Forecast household growth within 3 miles expands demand for smaller units
- 2002 vintage offers targeted value-add via systems and interior updates
- Proximity to corporate employers underpins leasing and retention
- Risks: softer neighborhood occupancy and lower school ratings require active management