| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Poor |
| Demographics | 66th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 40 SE 19th Ave, Deerfield Beach, FL, 33441, US |
| Region / Metro | Deerfield Beach |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | 2010-07-26 |
| Transaction Price | $625,100 |
| Buyer | OMEGA PARTNERS LLC |
| Seller | ZUBROWSKI HANNA |
40 SE 19th Ave Deerfield Beach Multifamily Investment
Positioned in an Inner Suburb pocket with strong daily amenities and a high-cost ownership landscape, the asset benefits from steady renter demand and potential pricing power, according to WDSuite s CRE market data.
The property sits in an A- rated neighborhood that is competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods (ranked 88 out of 345). Daily needs are well covered: grocery access is in the top quartile nationally, and parks and restaurants score near the 99th percentile, supporting lifestyle appeal and leasing velocity. Café and pharmacy density is thinner, which may modestly limit walk-to convenience for some residents.
Home values in the neighborhood are elevated versus national levels (86th percentile), creating a high-cost ownership market that tends to sustain reliance on rentals and can support rent growth and retention. Neighborhood median contract rents also sit above national norms, reinforcing the case for durable renter demand rather than rapid lease-up discounts.
Within a 3-mile radius, population and households have expanded over the last five years, with households growing faster than population , indicating smaller average household sizes and a larger tenant base for multifamily. Forward-looking projections call for continued population growth and a sizable increase in household count, which supports occupancy stability and absorption for well-positioned assets.
The asset s 1973 vintage is slightly older than the neighborhood s average construction year. Investors should plan for targeted capital improvements and modernization, which can unlock value-add upside and enhance competitive positioning against newer stock.
Tenure patterns within a 3-mile radius show a meaningful share of housing units are renter-occupied, providing depth to the tenant pool and supporting consistent leasing. At the same time, rent-to-income levels in the neighborhood imply some affordability pressure, suggesting active lease management and renewal strategies remain important.
Safety indicators for the neighborhood trend below national medians (about the 33rd percentile nationally), and the area ranks in the lower tier compared with many Fort Lauderdale-Pompano Beach-Sunrise neighborhoods (247 out of 345). Investors should underwrite with conservative assumptions and consider appropriate security measures and resident engagement to support retention.
Recent data show property offenses edging down year over year, while violent offense rates have risen versus the prior year. Monitoring trends and coordinating with local resources can help manage risk and support long-term operations.
Proximity to regional employers supports a diverse renter base and commute convenience, with access to retail headquarters, healthcare administration, and distribution. The following employers anchor nearby demand and are within practical driving range.
- Office Depot — retail headquarters & corporate (6.7 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (12.5 miles)
- AutoNation — automotive retail corporate (14.0 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services (27.5 miles)
- Sysco Southeast Florida — foodservice distribution (31.3 miles)
This 20-unit asset at 40 SE 19th Ave is positioned in an amenities-rich Inner Suburb where grocery, parks, and restaurant access rank among top national percentiles, supporting leasing appeal and day-to-day convenience. Elevated neighborhood home values point to a high-cost ownership market that tends to reinforce renter reliance on multifamily housing and can support pricing power for well-maintained properties. Based on CRE market data from WDSuite, the surrounding 3-mile area shows recent growth in population and households with further gains projected, expanding the tenant base and supporting occupancy stability.
Constructed in 1973, the property is older than nearby stock on average, which suggests targeted CapEx and modernization could unlock value-add potential and improve competitive positioning versus newer product. Underwriting should account for measured affordability pressure and local safety trends, while leveraging the area s strong amenity fundamentals and diversified employment access.
- Amenity-rich location with grocery, parks, and dining access supporting leasing and retention
- High-cost ownership market that sustains renter demand and potential pricing power
- 3-mile growth in population and households, with projections indicating a larger renter pool over time
- 1973 vintage offers value-add potential through targeted CapEx and modernization
- Risks: below-median safety metrics and affordability pressure warrant conservative underwriting and active lease management