| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 37th | Poor |
| Amenities | 52nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1701 NW 2nd St, Deerfield Beach, FL, 33442, US |
| Region / Metro | Deerfield Beach |
| Year of Construction | 1976 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1701 NW 2nd St Deerfield Beach Multifamily Investment
Neighborhood fundamentals point to durable renter demand and improving occupancy trends, according to WDSuite’s CRE market data. Investors may find a balanced mix of workforce appeal and proximity to major employers that supports leasing stability.
Situated in Deerfield Beach’s inner-suburban fabric, the property benefits from a renter-occupied housing share near half of local units, which ranks in the upper tier nationally. This signals a deep tenant base for multifamily operators at the neighborhood level, not the property. Neighborhood occupancy has risen over the past five years, supporting the case for steadier collections through cycles.
Quality-of-life drivers are mixed. Parks and pharmacies index well (both in higher national percentiles), while cafes and grocery options are thinner locally. For investors, that combination leans toward workforce housing dynamics and value-oriented renters who prioritize commute and everyday services over niche retail.
Demographic statistics aggregated within a 3-mile radius show population and household growth in recent years, with forward projections indicating additional expansion by 2028. A larger household base points to a broader renter pool and supports occupancy stability, even as some households transition to ownership.
Home values in the immediate neighborhood sit below national medians, and the value-to-income relationship suggests ownership is comparatively accessible versus many U.S. locations. That can introduce competition from entry-level homeownership, yet multifamily remains relevant where renters seek flexibility or cannot clear mortgage underwriting. At the same time, a neighborhood rent-to-income ratio around 30% indicates some affordability pressure; prudent lease management and renewal strategies remain important.
The average construction year for nearby stock is early 1980s, and this property’s 1976 vintage is older than that norm. For investors, that tends to mean higher near- to mid-term capital planning alongside potential value-add upside through unit and system upgrades that enhance rentability and retention.
Safety indicators are mixed relative to both the Fort Lauderdale–Pompano Beach–Sunrise metro and national benchmarks. Based on ranks among 345 metro neighborhoods, overall crime levels sit below the metro median, which warrants monitoring but does not preclude stable operations.
Nationally, the neighborhood rates below average for safety, yet recent data show property offenses trending downward year over year — a constructive sign for area conditions. Violent-offense measures remain less favorable versus national peers, so investors should emphasize standard security practices, lighting, and community programming to support resident confidence.
Proximity to established corporate employers underpins a consistent renter pipeline and supports retention for workforce-oriented units. The following nearby organizations shape daily commuting patterns and broaden the potential tenant base:
- Office Depot — corporate headquarters (5.8 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (9.6 miles)
- AutoNation — corporate headquarters (13.9 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services offices (27.3 miles)
- Johnson & Johnson — healthcare & consumer products offices (30.6 miles)
1701 NW 2nd St is an 84-unit, 1976-vintage community positioned within a neighborhood that has seen rising occupancy and sustained renter concentration. Based on CRE market data from WDSuite, the surrounding area functions as workforce housing with solid access to parks, pharmacies, and a broad employment base, while limited specialty retail nearby keeps the focus on everyday living and commute convenience. The 1976 vintage implies near- to medium-term capital planning needs, but also creates value-add pathways to improve unit quality, operating efficiency, and rentability versus older local stock.
Three-mile demographics show population and household growth with additional expansion projected, supporting a larger tenant base over time. Ownership remains comparatively accessible in this pocket, which can create some competition for renters; however, steady household growth, proximity to major employers, and the area’s renter-occupied share help underpin leasing velocity and occupancy stability. Affordability signals suggest careful renewal and pricing strategies to balance rent growth with retention.
- Neighborhood occupancy has improved and renter concentration supports a deeper tenant base (neighborhood-level metrics).
- 1976 vintage offers value-add potential through targeted renovations and system upgrades.
- Access to a strong employer base within 6–14 miles supports demand and lease retention.
- Three-mile population and household growth expand the renter pool, aiding occupancy stability.
- Risks: affordability pressure and relatively accessible ownership options require disciplined pricing and renewal management; safety trends warrant routine on-site measures.