| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 40th | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5501 E Michigan St, Orlando, FL, 32822, US |
| Region / Metro | Orlando |
| Year of Construction | 1998 |
| Units | 79 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5501 E Michigan St Orlando Multifamily Opportunity
Neighborhood occupancy has trended up and remains competitive for the metro, supporting income stability for a 79-unit asset, according to WDSuite’s CRE market data. Renter-occupied housing is meaningful in the area, reinforcing depth of the tenant base rather than signaling property-specific performance.
Situated in Orlando’s inner suburbs, the neighborhood posts an occupancy level that is competitive among Orlando-Kissimmee-Sanford neighborhoods (ranked 160 out of 465), indicating steady leasing conditions rather than outsized volatility. Renter-occupied housing accounts for a substantial share of units locally, pointing to a broad renter pool and consistent multifamily demand at the neighborhood level.
The property’s 1998 vintage is newer than the neighborhood’s average construction year of 1984, giving it a relative edge versus older stock while still warranting attention to mid-life system updates and selective renovations for positioning.
Within a 3-mile radius, population and households have expanded over the last five years, with households growing faster than population and forecasts calling for further increases in household counts alongside smaller average household sizes. For investors, this pattern generally supports a larger tenant base and sustained absorption for rental units.
Local livability drivers are mixed. Restaurants and groceries are dense relative to many areas (both ranking in the top decile nationally), which helps day-to-day convenience, while limited nearby parks, pharmacies, and childcare options suggest fewer lifestyle amenities in those categories. Neighborhood housing metrics sit above the metro median overall (B rating; neighborhood rank 211 of 465), and median home values are elevated relative to local incomes (value-to-income ratio in the top quartile nationally), a context that tends to keep multifamily relevant for households that favor renting over ownership.
Safety indicators are mixed relative to broader benchmarks. The neighborhood’s crime position sits below the metro median (crime rank 181 among 465 Orlando-Kissimmee-Sanford neighborhoods), and national comparisons place violent and property offenses below midrange. Recent year-over-year declines in both violent and property offense estimates point to improving momentum, but conditions can vary within small geographies and should be monitored over time.
Investors typically weigh these trends alongside leasing performance and tenant retention. The recent improvement trajectory is constructive, yet comparative safety remains weaker than many U.S. neighborhoods; framing expectations around tenant screening and property operations is prudent.
The area draws from a diversified employment base with commuting access to corporate offices that support renter demand and retention, including Ryder, Prudential, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Ryder — logistics (7.0 miles)
- Prudential — financial services (8.0 miles)
- Darden Restaurants — restaurant HQ operations (9.5 miles) — HQ
- Symantec — software & cybersecurity offices (18.3 miles)
- Airgas Specialty Products — industrial gases (26.4 miles)
This 79-unit asset benefits from neighborhood occupancy that is competitive among metro peers and from a meaningful share of renter-occupied housing units, supporting demand depth and lease-up stability. Based on commercial real estate analysis from WDSuite, the surrounding submarket shows strong food and grocery amenity density and above-median neighborhood housing fundamentals, while home values relative to incomes keep multifamily relevant for many households.
The 1998 construction is newer than the area’s average vintage, which can offer a competitive position versus older properties, though planning for mid-life system updates and targeted renovations remains important. Affordability pressure (high rent-to-income ratios at the neighborhood level) suggests active lease management and renewal strategies will matter for retention, even as household growth within a 3-mile radius expands the renter pool over the medium term.
- Metro-competitive neighborhood occupancy supports income stability and pricing discipline.
- 1998 vintage offers relative competitiveness versus older stock with value-add potential via selective updates.
- Strong restaurant and grocery density enhances day-to-day convenience and renter appeal.
- Household growth within 3 miles expands the tenant base, supporting occupancy over time.
- Risk: Elevated rent-to-income and below-median safety metrics require vigilant lease and operations management.