| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Poor |
| Demographics | 22nd | Poor |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6872 Alta Westgate Dr, Orlando, FL, 32818, US |
| Region / Metro | Orlando |
| Year of Construction | 2006 |
| Units | 33 |
| Transaction Date | 2005-08-30 |
| Transaction Price | $2,509,100 |
| Buyer | ALTA WESTGATE LLC |
| Seller | HUBBARD CONSTRUCTION CO |
6872 Alta Westgate Dr Orlando Multifamily Investment
Positioned in an inner-suburban Orlando neighborhood with steady renter demand and mid-80s neighborhood occupancy, this 2006-vintage, 33-unit asset offers durable cash flow potential, according to WDSuite’s CRE market data. Newer construction relative to nearby stock supports competitive leasing and moderates near-term capital exposure.
Livability fundamentals lean toward daily convenience: grocery access is strong and cafés are comparatively plentiful, while parks and pharmacies are limited locally. Within the Orlando-Kissimmee-Sanford metro, grocery and café density ranks competitive among 465 neighborhoods, and nationally these amenities sit in the upper percentiles, which can support resident retention.
The average neighborhood construction year is 1978, and the subject’s 2006 vintage is newer than nearby stock. For investors, that typically means better competitive positioning versus older properties, though standard system refreshes and common-area updates should be considered as part of capital planning.
Neighborhood occupancy is measured at 84.5%, below the metro median, and has softened over the past five years. Even so, the renter-occupied share is 39.6% locally, and within a 3-mile radius renters account for roughly 46% of housing units, indicating a meaningful tenant base for multifamily. Lease management that emphasizes renewal capture and targeted marketing should support stability.
Within a 3-mile radius, population grew over the last five years while households also increased, expanding the tenant base. Looking ahead to 2028, WDSuite’s data indicates households are projected to rise further even as population edges down, reflecting smaller household sizes — a dynamic that can add depth to the renter pool and support occupancy. Median incomes in the area have been rising, and elevated ownership costs relative to incomes (top-quartile nationally by value-to-income ratio) tend to reinforce reliance on rentals, supporting pricing power when paired with effective revenue management.
Schools in the neighborhood average about 2.0 out of 5, which trails metro norms and may temper demand from some family renters; investors can offset this by emphasizing access to employment nodes and daily needs. Rent-to-income levels around 0.27 suggest some affordability pressure, making careful renewal strategies and amenity alignment important to retention.
Safety indicators are mixed and warrant monitoring. The neighborhood’s crime rank is 326 out of 465 metro neighborhoods, placing it below the metro median, and national safety percentiles are also on the lower side. Recent year-over-year readings show upticks in both property and violent incidents, so prudent operators may consider enhanced lighting, access controls, and resident engagement to support community stability.
Proximity to established employers supports workforce housing demand and commute convenience for residents. The nearby base spans financial services, logistics, corporate dining, and technology, which can aid leasing and retention.
- Prudential — financial services offices (6.5 miles)
- Ryder — logistics & transportation offices (8.8 miles)
- Darden Restaurants — corporate dining HQ (11.2 miles) — HQ
- Symantec — technology offices (15.7 miles)
- Airgas Specialty Products — industrial gases offices (25.6 miles)
2006 construction and a 33-unit scale position 6872 Alta Westgate Dr as a relatively newer option versus an inner-suburban neighborhood where average vintage is older. Daily-needs access is strong, and households within a 3-mile radius are projected to continue increasing even as household sizes shrink, expanding the renter pool and supporting occupancy over time. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends sit below the metro median, so performance will hinge on hands-on operations and renewal management.
Ownership costs in the area are elevated relative to incomes, which typically sustains reliance on rental housing and underpins pricing power. At the same time, safety indicators are below metro norms and schools rate modestly, which suggests targeting workforce renters seeking convenience to employment centers and value-oriented amenities. Given the asset’s age, investors should budget for selective system updates and common-area refreshes to maintain competitive positioning.
- Newer 2006 vintage versus older neighborhood stock supports competitive leasing
- Strong daily-needs access and proximity to employers aid retention
- Expanding household counts within 3 miles increase tenant base and support occupancy
- Elevated ownership costs bolster rental reliance and pricing power potential
- Risks: below-metro safety metrics and softer neighborhood occupancy require active management and targeted capex