| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 47th | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6101 Raleigh St, Orlando, FL, 32835, US |
| Region / Metro | Orlando |
| Year of Construction | 1998 |
| Units | 24 |
| Transaction Date | 2020-03-17 |
| Transaction Price | $9,050,000 |
| Buyer | B CORE MF INDIGO WEST OWNER LLC |
| Seller | ROC III FL INDIGO WEST LLC |
6101 Raleigh St Orlando 24-Unit Multifamily Investment
Renter demand is supported by strong neighborhood amenities and a high renter-occupied share, according to WDSuite’s CRE market data, suggesting steady leasing fundamentals around this inner-suburban Orlando asset.
Positioned in Orlando’s inner suburbs, the property benefits from a neighborhood rated A- and ranked 93rd out of 465 metro neighborhoods, which is competitive among Orlando-Kissimmee-Sanford submarkets. Amenity access is a clear strength: cafes, groceries, restaurants, childcare, and pharmacies all score in the top quartile nationally, with pharmacies and childcare particularly dense. This concentration typically supports day-to-day convenience and helps broaden the renter pool.
The local housing stock skews slightly older than this asset. Built in 1998 versus a neighborhood average construction year of 1990, the property should compete well against older comparables, while investors may still plan for modernization of building systems and common areas over hold. Neighborhood occupancy is lower relative to national norms, but the area’s renter-occupied share is elevated (above the 90th percentile nationally), indicating depth in the tenant base for multifamily operators.
Within a 3-mile radius, demographics point to a larger tenant base over time: recent population growth has been positive and is projected to continue alongside an increase in households. Forecasts indicate household counts rising while average household size trends modestly lower, which can translate into more renters entering the market and support for occupancy stability.
Home values sit in a higher national percentile relative to incomes (value-to-income ratio near the top quintile nationally). In investor terms, this is a high-cost ownership context that tends to reinforce reliance on rental housing and can aid lease retention and pricing power, though rent-to-income levels suggest careful lease management to mitigate affordability pressure.
Safety indicators for the neighborhood are below the national median (lower national percentile), so investors should underwrite conservative security and operating practices. At the same time, recent trends are improving, with both violent and property offense rates declining year over year, which aligns with directional easing noted in WDSuite’s CRE market data.
These figures reflect neighborhood-level patterns rather than the specific property. Comparing across Orlando-Kissimmee-Sanford neighborhoods, conditions are mixed; investors often address this with lighting, access controls, and partnerships with local patrols to support resident retention.
Nearby employers provide a diversified white-collar and services employment base that supports renter demand and commute convenience, including Prudential, Ryder, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Prudential — financial services (3.4 miles)
- Ryder — logistics & transportation (5.9 miles)
- Darden Restaurants — restaurant HQ & corporate (8.1 miles) — HQ
- Symantec — software & cybersecurity (18.3 miles)
- Airgas Specialty Products — industrial gases (22.8 miles)
6101 Raleigh St offers scale at 24 units in an inner-suburban Orlando location with strong daily-needs access and a renter-leaning neighborhood. Built in 1998, the asset is newer than much of the local stock, which can provide a competitive edge versus older comparables while still leaving room for targeted upgrades to drive rents and retention. Based on CRE market data from WDSuite, the surrounding area shows high renter concentration and strong amenity density, both supportive of steady leasing.
Investor underwriting should balance these positives with cautious assumptions around neighborhood occupancy, affordability pressure relative to incomes, and safety conditions that are below the national median but improving. Demographic trends within a 3-mile radius indicate ongoing population and household growth, which can expand the tenant base over the hold period.
- 1998 vintage offers competitive positioning versus older stock, with value-add potential through modernization.
- High renter-occupied share and dense daily amenities support demand and leasing durability.
- 3-mile demographics point to population and household growth, expanding the renter pool.
- High-cost ownership environment can reinforce reliance on rental housing and aid pricing power.
- Risks: below-national safety percentile, affordability pressure, and softer neighborhood occupancy warrant conservative underwriting.