| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 20th | Poor |
| Amenities | 84th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 308 W Lancaster Rd, Orlando, FL, 32809, US |
| Region / Metro | Orlando |
| Year of Construction | 1967 |
| Units | 25 |
| Transaction Date | 2021-12-06 |
| Transaction Price | $3,312,000 |
| Buyer | LANCASTER VILLA HOMES LLC |
| Seller | 7M DEVELOPMENT LLC |
308 W Lancaster Rd Orlando Multifamily Investment
Neighborhood multifamily occupancy sits around the low-90s and a meaningful renter-occupied base supports leasing durability, according to WDSuite’s CRE market data.
Located in Orlando’s inner suburbs, the area around 308 W Lancaster Rd offers day-to-day convenience that helps with resident retention. Amenities test in the top quartile nationally, with notably dense restaurant and café options and solid grocery and pharmacy access, based on WDSuite’s neighborhood indicators.
For investors, neighborhood multifamily occupancy is roughly 91% and the share of housing units that are renter-occupied stands near the mid‑40% range, indicating a broad tenant base rather than a purely ownership‑driven market. These are neighborhood-level readings, not property performance, but they suggest demand depth supportive of stabilized operations.
Home values in the neighborhood sit in a higher-cost ownership context relative to local incomes, which tends to sustain reliance on multifamily rentals and can support pricing power when managed carefully. At the same time, average school ratings trail national benchmarks, which may modestly temper appeal for some family renters.
Within a 3‑mile radius, recent years show choppier near‑term population and household trends, but projections through 2028 point to growth in households and rising incomes, implying a larger tenant pool and potential support for rent levels over the medium term. These dynamics, paired with strong amenity access, frame the submarket as competitive among Orlando neighborhoods for workforce and service‑sector renters engaged in multifamily property research.
Safety benchmarks for the neighborhood register below the national median, indicating comparatively higher crime exposure than many U.S. neighborhoods. However, recent trend data shows year‑over‑year declines in both violent and property offense rates, suggesting conditions have been improving rather than deteriorating. These are neighborhood‑level indicators and can vary by block and over time; investors typically account for them via security measures, insurance assumptions, and underwriting cushions.
Nearby employers span logistics, financial services, and corporate restaurant operations, supporting a steady commuter renter base and helping with retention through commute convenience. The list below highlights notable employers within an approximately 1.8 to 4.1 mile radius, plus additional corporate offices within commuting distance.
- Ryder — logistics (1.8 miles)
- Prudential — financial services (3.86 miles)
- Darden Restaurants — corporate restaurant HQ (4.14 miles) — HQ
- Airgas Specialty Products — industrial gases (21.19 miles)
- Symantec — software & cybersecurity offices (21.54 miles)
This 25‑unit 1979‑vintage asset offers scale suited to professional management and potential value‑add. The building is slightly older than the neighborhood’s average vintage, which points to practical capital planning needs and opportunities to modernize interiors and systems. Neighborhood multifamily occupancy near 91% and a sizable renter‑occupied share indicate depth of demand, while a higher‑cost ownership landscape tends to keep households engaged with rental options. According to commercial real estate analysis from WDSuite, amenity access is a competitive strength locally, aiding leasing and retention.
Within a 3‑mile radius, forward projections through 2028 call for meaningful growth in households and incomes, implying a larger tenant base and support for rent levels. Average unit sizes around 1,436 sf can enhance livability and help differentiate versus smaller stock, though rent‑to‑income positioning and neighborhood safety considerations should be reflected in underwriting and asset management plans.
- Stabilized neighborhood demand backdrop with occupancy around the low‑90s supporting leasing durability
- 1979 vintage presents clear value‑add and systems‑upgrade pathways relative to newer competitive stock
- Amenity‑rich location and large average unit sizes (~1,436 sf) support resident retention and differentiation
- 3‑mile projections indicate growth in households/incomes by 2028, expanding the prospective renter pool
- Risks: below‑median neighborhood safety and affordability pressure require prudent lease and security management