| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Poor |
| Demographics | 66th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1907 NE 2nd St, Deerfield Bch, FL, 33441, US |
| Region / Metro | Deerfield Bch |
| Year of Construction | 1993 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1907 NE 2nd St Deerfield Beach 20-Unit Multifamily
Amenity-rich neighborhood and a high-cost ownership market support steady renter demand, according to WDSuite’s CRE market data. Expect durable tenant interest with measured lease management given area rent-to-income dynamics.
Situated in Deerfield Beach within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood rates A- and is competitive among metro neighborhoods (ranked 88 out of 345), based on CRE market data from WDSuite. These neighborhood statistics describe local conditions, not the property itself.
Daily-life amenities are a clear strength: restaurants and parks are exceptionally dense (both near the top nationally), and grocery access is also strong. Childcare availability scores high as well. By contrast, cafes and pharmacies are limited in the immediate area. This mix supports resident convenience and can aid retention for multifamily operators.
The area skews toward elevated home values relative to income, reinforcing reliance on rental housing and supporting pricing power when managed thoughtfully. Neighborhood rent levels sit on the higher side for the region, while the neighborhood’s occupancy metric is measured at the neighborhood level and can diverge from stabilized property performance. Within a 3-mile radius, roughly four in ten housing units are renter-occupied, indicating a meaningful tenant base for small to mid-sized multifamily assets.
Vintage context matters: with an average neighborhood construction year around the late 1970s, a 1993 asset positions as newer than much of the surrounding stock, offering relative competitiveness versus older buildings while still benefitting from targeted modernization to meet today’s renter expectations.
Safety indicators for the neighborhood point to conditions that are below national averages, with overall crime performance ranking below the metro median (247 out of 345 Fort Lauderdale–Pompano Beach–Sunrise neighborhoods). These are neighborhood-level readings and not specific to the property.
Recent trends are mixed: property crime shows a slight year-over-year improvement, while violent offense measures have moved higher. Investors typically account for these dynamics through security features, lighting, and resident engagement, and by emphasizing the area’s strong amenity access that can support livability.
Nearby employers provide a diversified employment base that supports renter demand and commute convenience, including Office Depot, Tenet Healthcare, AutoNation, Siegel Financial Group, and Sysco Southeast Florida.
- Office Depot — office supplies (6.6 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (12.4 miles)
- AutoNation — auto retail (14.1 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services (27.3 miles)
- Sysco Southeast Florida — foodservice distribution (31.1 miles)
This 20-unit asset built in 1993 offers relative competitive positioning versus older neighborhood stock, with surrounding amenities (restaurants, parks, and groceries) that support resident convenience and leasing stability. Within a 3-mile radius, a sizable renter-occupied share and growing household counts indicate a larger tenant base over time, supporting occupancy stability and renewal potential. According to CRE market data from WDSuite, neighborhood home values are elevated, which tends to sustain rental housing demand even as operators manage affordability pressure.
Forward-looking demographics within 3 miles point to continued population and household growth, expanding the renter pool. Investors may find value in targeted updates that modernize systems and finishes, leveraging the property’s newer-than-average vintage to compete for quality-conscious renters while monitoring rent-to-income ratios to protect retention.
- Newer 1993 vintage versus local average, providing competitive positioning with selective modernization upside
- Strong neighborhood amenities (restaurants, parks, groceries) that support retention and leasing velocity
- 3-mile radius shows rising population and households, expanding the renter pool and supporting occupancy stability
- Elevated ownership costs in the area reinforce reliance on rental housing and potential pricing power
- Risk: neighborhood safety ranks below metro median; manage via security, lighting, and resident engagement