| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 28th | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 155 SE 5th Ct, Deerfield Beach, FL, 33441, US |
| Region / Metro | Deerfield Beach |
| Year of Construction | 1973 |
| Units | 25 |
| Transaction Date | 2014-12-29 |
| Transaction Price | $1,900,000 |
| Buyer | VISTA COURT FLATS LLC |
| Seller | RLKT VC HOLDINGS LLC |
155 SE 5th Ct Deerfield Beach Multifamily Investment
Neighborhood occupancy has held above national medians with a renter-occupied share supportive of steady leasing, according to WDSuite’s CRE market data. Built 1973, the asset presents pragmatic value-add potential in an inner-suburban location with stable renter demand.
The property sits in an Inner Suburb of the Fort Lauderdale–Pompano Beach–Sunrise metro where neighborhood occupancy is measured at the neighborhood level and trends above national medians. Renter-occupied housing accounts for a meaningful share of neighborhood units, indicating a durable tenant base and helping support lease-up and retention for multifamily.
Local daily-needs access is a relative strength: neighborhood grocery and park densities rank above many peers metro-wide, and restaurants are comparatively plentiful. By contrast, cafes and pharmacies are thinner locally, so residents rely more on nearby corridors for certain services—an acceptable trade-off given broader amenity coverage in the metro.
Within a 3-mile radius, demographics indicate a larger tenant base over time: population increased in the last five years and is forecast to continue growing, while household counts have risen and are projected to expand further. This combination supports renter pool expansion and occupancy stability, particularly for well-managed assets.
Home values at the neighborhood level sit in a higher-cost ownership context relative to local incomes (value-to-income ratio near the upper national percentiles). That dynamic typically sustains reliance on rentals and can aid pricing power. At the same time, rent-to-income at the neighborhood level is comparatively moderate, which can reduce near-term affordability pressure and support renewal rates.
The asset’s 1973 vintage is slightly older than the area’s average construction year. For investors, this points to routine capital planning and potential renovation upside to enhance competitiveness versus newer stock while keeping an eye on systems and common-area modernization.
Safety indicators for the neighborhood trend below national averages. Based on metro comparisons, the neighborhood ranks toward the lower end among 345 Fort Lauderdale–Pompano Beach–Sunrise neighborhoods, signaling comparatively higher crime than many peer areas. Nationally benchmarked percentiles also place the area below the median for safety.
Recent movement shows some improvement on property offenses, with estimated rates declining year over year at the neighborhood level. Investors typically address these dynamics through lighting, access control, and tenant engagement programs, and should underwrite operations with these considerations in mind.
Proximity to corporate employment helps support renter demand and retention, with nearby roles in office supplies, healthcare services, automotive retail, healthcare products, and foodservice distribution.
- Office Depot — office supplies (6.5 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (11.1 miles)
- AutoNation — automotive retail (13.4 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services (27.8 miles)
- Johnson & Johnson — healthcare products (30.6 miles)
This 25-unit, 1973-vintage asset in Deerfield Beach is positioned to capture steady renter demand supported by neighborhood-level occupancy above national medians and a renter base that is material for the metro. Daily-needs amenities are accessible, and higher neighborhood home values relative to incomes tend to sustain rental reliance. According to CRE market data from WDSuite, the neighborhood’s rent-to-income appears comparatively manageable, which can aid renewal and reduce near-term affordability pressure.
The vintage suggests targeted capex and value-add opportunities—unit interiors, energy efficiency, and common-area updates—to reinforce competitiveness against newer stock. Demographic trends within a 3-mile radius point to continued renter pool expansion, while proximity to corporate employers supports leasing stability. Investors should balance these strengths against below-median safety indicators and underwrite operations accordingly.
- Neighborhood-level occupancy above national medians supports stable leasing
- 1973 vintage offers practical value-add and systems modernization upside
- Higher home values versus incomes reinforce reliance on rentals and pricing power
- 3-mile demographic growth expands the tenant base over the medium term
- Risk: below-median safety metrics at the neighborhood level warrant operational measures