| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 59th | Best |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2115 Morgan Wieland Ln, Lakeland, FL, 33813, US |
| Region / Metro | Lakeland |
| Year of Construction | 2001 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2115 Morgan Wieland Ln Lakeland Multifamily Investment
Positioned in a suburban Lakeland pocket where neighborhood NOI per unit ranks at the top of the metro, the 2001 vintage gives this asset a competitive edge versus older local stock, according to WDSuite’s CRE market data.
The property sits in an A-rated suburban neighborhood that is competitive among Lakeland–Winter Haven neighborhoods (ranked 9 out of 184). Local schools trend above the metro average (ranked 3 out of 184; top quartile nationally), supporting family-oriented renter demand. Amenities are reasonably accessible for a suburban node (amenity rank 37 of 184), with grocery and pharmacy density testing above national midpoints.
Rents in the neighborhood skew above the metro median (rent rank 22 of 184; upper national percentile), and home values are elevated relative to local incomes (value-to-income ratio in a higher national percentile). For investors, this high-cost ownership market can sustain reliance on rental housing, supporting pricing power and lease retention for well-positioned assets.
Unit tenure data indicates a renter-occupied share around one-third of housing units (rank 57 of 184), signaling a meaningful but not saturated renter base. Neighborhood occupancy has trended up over the last five years, which supports stability, though current occupancy levels track below national midpoints—suggesting thoughtful lease management remains important.
Within a 3-mile radius, demographics show population growth over the last five years with further renter pool expansion projected through 2028 as household counts are expected to rise materially and average household size trends smaller. These dynamics typically deepen the tenant base and can support absorption for quality multifamily, based on CRE market data from WDSuite.
Neighborhood safety indicators compare favorably within the Lakeland–Winter Haven metro (crime rank 10 out of 184) and test above national averages (roughly 80th percentile nationwide). Recent trends point to notable year-over-year declines in both property and violent offense rates, placing the area in a stronger national percentile for improvement. As always, investors should evaluate submarket and property-level patterns over time rather than relying on a single period.
Proximity to major employers supports a diverse employment base and commute convenience for renters, led by grocery, industrial, healthcare distribution, and financial services employers listed below.
- Publix Super Markets — corporate headquarters (5.9 miles) — HQ
- Mosaic — industrial/mining (13.5 miles)
- Airgas Specialty Products — industrial gases (26.0 miles)
- Cardinal Health — healthcare distribution (27.8 miles)
- MetLife Insurance Company — insurance (29.7 miles)
2115 Morgan Wieland Ln offers a 2001 construction vintage in a neighborhood that ranks near the top of the metro on operating performance metrics, positioning a 20-unit multifamily asset to compete well against older nearby stock. Neighborhood rents and home values trend on the higher side for the metro, reinforcing renter reliance on multifamily housing and supporting pricing power, while occupancy has improved over the past five years even if levels remain closer to national midpoints. According to CRE market data from WDSuite, the area’s school quality and amenity access are also favorable for sustaining family-oriented demand.
Within a 3-mile radius, recent population growth and a projected increase in households by 2028 point to a larger tenant base and support for occupancy stability. The renter-occupied share near one-third suggests durable demand without over-saturation, and a rent-to-income profile around 20% indicates manageable affordability pressure that can aid lease retention. As a 2001 asset, capital planning should focus on systems modernization and select value-add improvements to enhance competitiveness versus new deliveries while leveraging steady demand drivers.
- Newer 2001 vintage offers competitive positioning versus older neighborhood stock with targeted modernization upside
- Neighborhood ranks near the top among 184 metro neighborhoods on performance indicators, supporting rent growth potential
- 3-mile radius shows population growth and rising household counts through 2028, expanding the tenant base and supporting occupancy
- Elevated ownership costs in the area reinforce reliance on rentals, aiding pricing power and lease retention
- Risk: Neighborhood occupancy sits nearer national midpoints, requiring active leasing strategy and unit turns to maintain stability