| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 83rd | Best |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 750 N Orange Ave, Orlando, FL, 32801, US |
| Region / Metro | Orlando |
| Year of Construction | 2013 |
| Units | 50 |
| Transaction Date | 2019-03-29 |
| Transaction Price | $68,250,001 |
| Buyer | KV STEEL HOUSE OWNER LLC |
| Seller | ORL STEEL PROPERTY LLC |
750 N Orange Ave Orlando Multifamily Investment
2013 construction offers competitive positioning versus older Downtown Orlando stock, supporting renter demand and maintenance visibility according to WDSuite’s CRE market data. Neighborhood occupancy trends warrant active leasing strategy, but location fundamentals and amenity access underpin long-term relevance.
Positioned in Orlando’s inner-core, the property benefits from strong daily-needs access. The neighborhood ranks 6th of 465 metro neighborhoods for grocery density and sits in the 97th percentile nationally for grocery access; restaurants are similarly robust at the 98th percentile. Parks also rank near the top of the distribution (3rd of 465; 99th percentile nationally), while cafes and pharmacies are thinner, creating a mixed but serviceable amenity profile. These metrics describe the neighborhood, not the property.
The area’s housing stock skews newer than much of the metro, and a 2013 vintage positions this asset competitively against the neighborhood’s average 1984 construction year. Newer systems can temper near-term capital needs while still leaving room for targeted upgrades and modernization to drive rent positioning.
Renter-occupied housing is the majority in this neighborhood, indicating a deep tenant base for multifamily operators. Median contract rents sit above many peer areas in the metro, and rent-to-income metrics suggest manageable but real affordability pressure that calls for thoughtful lease management and renewal strategies to support pricing power and retention.
Within a 3-mile radius, WDSuite data shows population growth over the last five years and a larger increase in households, pointing to smaller household sizes and a broader renter pool. Forward-looking projections indicate continued population gains and a notable increase in households by 2028, which supports demand for rental units and helps stabilize occupancy over a longer horizon.
Neighborhood occupancy is currently below the metro median and has eased over the last five years, which elevates leasing execution risk in the near term. However, above-median neighborhood demographics (rated A; 24th of 465 metro neighborhoods and in the top quartile nationally) and strong amenity connectivity provide supportive fundamentals as operators calibrate marketing and concessions.
Neighborhood safety compares below the national midpoint on WDSuite’s measures (41st national percentile), and its metro rank (198th of 465 neighborhoods) indicates more reported crime than many Orlando peers. Recent trends are constructive, with year-over-year declines in both violent and property offense estimates, suggesting some improvement from prior levels. These statistics reflect the broader neighborhood, not the property.
Investors often mitigate location risk by emphasizing access control, lighting, and visible management presence, while leveraging the submarket’s strong daytime activity and proximity to major employers to support resident retention.
The employment base within commuting distance is anchored by corporate offices that support steady renter demand and retention through diversified white-collar roles: Prudential, Ryder, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Prudential — financial services (6.0 miles)
- Ryder — logistics (6.8 miles)
- Darden Restaurants — restaurant corporate offices (9.8 miles) — HQ
- Symantec — cybersecurity offices (15.4 miles)
- Airgas Specialty Products — industrial gases (26.5 miles)
This 2013-vintage, 50-unit asset in Downtown Orlando offers a favorable balance of durability and upside. Newer construction relative to the neighborhood’s 1984 average supports competitive positioning and tempers near-term capital exposure, while targeted interior and common-area updates can sharpen rent attainment as leasing conditions evolve. According to CRE market data from WDSuite, neighborhood occupancy is softer than the metro median, but amenity depth and a majority renter-occupied housing base provide a resilient foundation for tenant demand.
Within a 3-mile radius, population has grown and households have expanded at a faster pace, with projections indicating further increases and smaller average household sizes by 2028. This expands the renter pool and supports long-run occupancy and pricing, even as operators should account for affordability pressure in renewal strategies and underwriting.
- 2013 construction competes well versus older neighborhood stock, reducing near-term systems risk while enabling targeted value-add.
- Strong daily-needs and recreation access (top-tier grocery, restaurant, and park density) supports resident satisfaction and leasing.
- Expanding 3-mile household counts and a majority renter-occupied neighborhood indicate depth in the tenant base.
- Pricing power potential with thoughtful lease management given rent-to-income dynamics and rising-income profiles in the 3-mile area.
- Risk: Neighborhood occupancy trails metro norms and safety ranks below national midpoint; requires active leasing, security, and asset management focus.