| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 55th | Fair |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 306 NE 5th Ct, Dania, FL, 33004, US |
| Region / Metro | Dania |
| Year of Construction | 1974 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
306 NE 5th Ct Dania Multifamily Value-Add Opportunity
Neighborhood renter concentration and a high-cost ownership market point to durable renter demand, according to WDSuite’s CRE market data, while current area occupancy trends warrant active leasing strategy and asset positioning.
Located in Dania within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood posts a B+ rating and is competitive among metro peers (rank 118 out of 345). Day-to-day convenience is a relative strength: overall amenities place in the top quartile among 345 metro neighborhoods (amenity rank 83), supported by strong national standings for groceries and restaurants. This mix supports leasing appeal and retention for workforce and lifestyle renters.
Amenity access compares favorably to many U.S. neighborhoods, with grocery availability and dining density tracking around the 80th percentile nationally. Cafes register above average as well. Childcare options are thin in the immediate area, which may modestly narrow the target renter profile for family-oriented households.
Tenure patterns indicate meaningful rental demand: within the neighborhood, an estimated 43% of housing units are renter-occupied, and within a 3-mile radius the renter-occupied share is approximately 57%, signaling a deep tenant base and support for ongoing leasing. Median contract rents in the neighborhood sit above national midpoints, while the metro’s value-to-income dynamics (95th percentile nationally) reflect a high-cost ownership market that tends to sustain reliance on multifamily rentals.
Demographics aggregated within a 3-mile radius show households increased over the last five years while average household size declined, pointing to more, smaller households entering the renter pool. Forward-looking estimates point to additional household growth over the next five years, which should expand the local tenant base and support occupancy stability for competitively positioned assets. Based on CRE market data from WDSuite, the neighborhood’s occupancy level trends below national averages, so operators should plan for focused marketing and turnover management to capture demand.
Safety trends should be contextualized at the neighborhood level and compared to the wider region. The area ranks 307 out of 345 metro neighborhoods on crime, indicating higher reported crime relative to much of the metro. Nationally, the neighborhood sits in the lower percentiles for safety, so prudent security measures and tenant communication plans are advisable for property operations.
Recent estimates indicate year-over-year increases in both property and violent offenses at the neighborhood level. While individual blocks can vary, investors should underwrite appropriate insurance, security lighting and access controls, and consider partnerships with local patrol resources to support resident experience and lease retention.
Proximity to major employers across autos, healthcare, logistics, and energy services supports a diversified workforce renter base and commute convenience for residents. The following nearby corporate offices anchor employment in the broader area.
- AutoNation — corporate offices (4.3 miles) — HQ
- Johnson & Johnson — corporate offices (14.7 miles)
- Mosaic — corporate offices (17.0 miles)
- Tenet Healthcare Corporation, Florida Region — corporate offices (19.2 miles)
- Ryder System — logistics & transportation (20.4 miles) — HQ
306 NE 5th Ct is a 34-unit asset built in 1974, slightly newer than the neighborhood’s average vintage. The construction year suggests relative competitiveness versus older local stock, while still leaving room for targeted modernization and systems upgrades to drive rent positioning. The neighborhood offers strong amenity access and a sizable renter base, with a high-cost ownership landscape that tends to sustain multifamily demand. However, area occupancy runs below national medians and rent-to-income ratios signal affordability pressure, so performance relies on disciplined leasing and retention execution.
According to CRE market data from WDSuite, neighborhood renter-occupied housing and 3-mile household growth support a larger tenant base over time, while proximity to diversified employers underpins workforce demand. Investors should weigh value-add potential and operational improvements against safety considerations and the need for active marketing to maintain occupancy.
- 1974 vintage with value-add and systems modernization potential to enhance competitive positioning
- Strong amenity access and diversified nearby employers support renter demand and retention
- High-cost ownership market reinforces reliance on rentals and depth of tenant base
- Operational focus needed: neighborhood occupancy below national averages and rent-to-income pressure may temper pricing power
- Risk management: below-metro safety standing warrants security measures and proactive resident engagement