| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 37th | Poor |
| Amenities | 52nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1731 NW 2nd St, Deerfield Beach, FL, 33442, US |
| Region / Metro | Deerfield Beach |
| Year of Construction | 1979 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1731 NW 2nd St Deerfield Beach Multifamily Opportunity
Neighborhood renter concentration is strong and occupancy has trended higher over the past five years, supporting demand stability according to WDSuite’s CRE market data.
Situated in Deerfield Beach’s inner-suburban context of the Fort Lauderdale–Pompano Beach–Sunrise metro, the property benefits from a renter-occupied share of housing at the neighborhood level that is elevated (51.1%), indicating depth in the tenant base and support for lease-up and renewals. Neighborhood occupancy has improved over the last five years, which can underpin steadier cash flow through cycles.
Everyday amenities are mixed: parks and pharmacies score competitively among metro neighborhoods and sit in the top quartile nationally, while childcare access is also top quartile. However, cafés and full-service grocery options are limited within the immediate neighborhood, so residents often rely on nearby corridors for those needs. This balance tends to favor workforce renters who prioritize convenience and price point over boutique retail.
At the neighborhood level, median home values are relatively modest in context, and the value-to-income ratio sits on the lower end locally, which can introduce some competition from ownership options. Rent-to-income readings suggest pockets of affordability pressure for renters; operators should emphasize retention, measured rent steps, and renewal strategy to sustain occupancy and collections.
Demographic statistics aggregated within a 3-mile radius show population and households have grown in recent years, with forecasts pointing to additional gains and a larger family base by 2028. This trajectory expands the prospective renter pool and supports sustained leasing demand, based on CRE market data from WDSuite.
The asset’s 1979 vintage is slightly older than the neighborhood’s average stock (early 1980s), creating clear value-add angles through interior modernization and system upgrades to enhance competitive positioning versus newer product.
Safety trends are mixed when viewed against regional and national benchmarks. The neighborhood’s crime rank sits in the lower half among 345 Fort Lauderdale–Pompano Beach–Sunrise neighborhoods, indicating safety levels that lag metro medians. Nationally, the area falls below average for safety, though recent data show a notable decline in property offenses year over year, placing that improvement in the stronger quartile compared with neighborhoods nationwide. Investors should underwrite prudent security measures and daytime/overnight activation, while noting the downward trend in property incidents.
Nearby employers provide a diversified white- and blue-collar employment base that supports renter demand and reduces commute friction, including headquarters and regional offices in retail, healthcare, and automotive.
- Office Depot — retail HQ and corporate operations (5.7 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (9.6 miles)
- AutoNation — automotive retail corporate (14.0 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services office (27.2 miles)
- Johnson & Johnson — healthcare products offices (30.7 miles)
This 48-unit, 1979-vintage property sits within a Deerfield Beach neighborhood where renter-occupied housing is prevalent and occupancy has improved, supporting a stable tenant base. The vintage creates tangible value-add potential through unit upgrades and building systems, which can enhance competitiveness against early-1980s and newer stock. Within a 3-mile radius, population and household growth — with additional gains forecast — point to a larger tenant pool and durable leasing demand, according to CRE market data from WDSuite.
Amenity access is practical rather than lifestyle-led (strong for parks, pharmacies, and childcare; thinner for cafés and full-line groceries nearby), aligning with workforce renters. Ownership remains relatively accessible in the broader context, so pricing strategy and retention planning should be central to the business plan. Operators should also account for local safety readings that trail national norms while recognizing recent improvement in property crime.
- Elevated neighborhood renter concentration supports tenant demand and renewal depth.
- Five-year improvement in neighborhood occupancy underpins income stability.
- 1979 vintage offers value-add potential through interior updates and system upgrades.
- Risks: affordability pressure, below-average safety readings, and some competition from ownership options warrant conservative rent growth and strong renewal management.