| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 32nd | Poor |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6031 Old Cheney Hwy, Orlando, FL, 32807, US |
| Region / Metro | Orlando |
| Year of Construction | 1974 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6031 Old Cheney Hwy Orlando Multifamily Investment
Neighborhood renter demand is deep and occupancy has trended higher, according to WDSuite’s CRE market data, supporting a stable leasing backdrop for value creation.
Located in Orlando’s Inner Suburb fabric, the neighborhood carrying 6031 Old Cheney Hwy holds a B rating and ranks 209 out of 465 metro neighborhoods — above the metro median. Neighborhood occupancy sits in the low 90s and has improved over the past five years, a constructive signal for income stability at comparable assets.
Renter-occupied share in the neighborhood is high at roughly two-thirds of housing units (64%), placing it in a top national percentile and reinforcing depth of the tenant base for multifamily owners. Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, pointing to a larger renter pool and supportive absorption for professionally managed apartments.
Daily convenience is a relative strength. The neighborhood ranks 25th of 465 for grocery density (top-of-metro access) and posts above-median standings for cafes and pharmacies — advantages for resident retention. Restaurant and park density within the immediate neighborhood are limited, though greater Orlando offerings are accessible by short drives.
Median home values in the neighborhood sit in a mid-range for Orlando, but value-to-income metrics skew elevated versus national norms. For investors, this high-cost ownership context tends to sustain rental demand and can support pricing power, balanced against rent-to-income considerations that call for careful lease management. The average local school rating trends below the national median, which may modestly temper appeal for some households.
Safety metrics for the neighborhood are mixed. Compared with neighborhoods nationwide, overall safety sits below the national median (around the 34th percentile), and within the Orlando-Kissimmee-Sanford metro the area ranks mid-pack at 252 out of 465. Notably, recent data indicates a meaningful year-over-year improvement in violent offense rates, which trends better than many peers. Investors should underwrite with conservative assumptions while recognizing the improving trajectory.
Commuting access to a diversified employment base supports renter demand, with proximity to logistics, financial services, and corporate headquarters that can aid retention and leasing velocity.
- Ryder — logistics (9.5 miles)
- Prudential — financial services (9.7 miles)
- Darden Restaurants — restaurant corporate offices (12.2 miles) — HQ
- Symantec — cybersecurity offices (15.1 miles)
- Airgas Specialty Products — industrial gases (29.3 miles)
Built in 1974, the asset is older than the neighborhood average vintage, creating a straightforward value-add and capital planning angle — modernization and systems upgrades can enhance competitive positioning against newer stock. Neighborhood fundamentals are constructive: occupancy has risen in recent years and the area ranks above the metro median, while a high share of renter-occupied housing units supports a deep tenant base.
Within a 3-mile radius, population and households have grown and are projected to expand further, signaling renter pool expansion that can support occupancy stability. Elevated ownership costs relative to incomes in the neighborhood tend to reinforce reliance on multifamily housing, though rent-to-income pressures warrant prudent renewal and pricing strategies. According to commercial real estate analysis from WDSuite, local amenity access — particularly strong grocery, cafe, and pharmacy density — is an additional tailwind for retention.
- Value-add potential from 1974 vintage via targeted renovations and system upgrades
- Above-metro-median neighborhood ranking with improving occupancy trends
- High neighborhood renter-occupied share indicates depth of demand
- Strong daily convenience (grocery, cafes, pharmacies) supports retention
- Risks: below-median safety metrics and affordability pressure require conservative underwriting