| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 84th | Best |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 NE 50th Ct, Fort Lauderdale, FL, 33334, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1973 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1300 NE 50th Ct Fort Lauderdale Multifamily Investment
Positioned in an amenity-rich inner suburb of Fort Lauderdale, the neighborhood shows stable renter demand and improving fundamentals, according to WDSuite’s CRE market data. Elevated ownership costs nearby help sustain the renter pool, supporting occupancy and lease retention.
Located in Fort Lauderdale’s inner suburbs, the neighborhood ranks 47 out of 345 locally, placing it in the top quartile among metro neighborhoods. Dining and daily-needs access are strong, with restaurants and cafes scoring in the 98th and 91st national percentiles, and grocery access in the 94th percentile. Parks also track high (90th percentile), supporting livability that helps with leasing velocity.
Home values in the area are elevated relative to many U.S. neighborhoods (88th national percentile for median values), which tends to reinforce reliance on multifamily rentals and can support pricing power. Rent-to-income sits around the national mid-range, suggesting manageable affordability pressure and room for disciplined rent management rather than aggressive pushes that could impact retention.
Within a 3-mile radius, households have grown in recent years and are projected to expand further, with a trend toward smaller household sizes. This dynamic typically broadens the tenant base and supports occupancy stability. Median and mean household incomes have risen, adding depth to the renter pool for well-maintained product. Renter-occupied housing accounts for roughly four in ten units within this radius, indicating a meaningful renter concentration that supports multifamily demand.
The property’s 1973 vintage is slightly older than most newer competitive stock and a bit newer than the neighborhood’s average construction year. Investors should plan for systems modernization and targeted renovations to enhance competitiveness and capture value-add potential in a location with strong amenity access. Note that childcare and pharmacy density index low in this neighborhood, which may not be a primary driver for most renters but is worth monitoring when positioning the asset.
Safety indicators are mixed compared with regional and national benchmarks. At 177 out of 345 metro neighborhoods, the area sits near the Fort Lauderdale metro median. Nationally, property and violent offense measures track below the national median for safety, while recent data show a notable one-year decline in estimated property offenses, indicating some improvement momentum. Investors should underwrite to standard risk controls (lighting, access control, partnership with local patrols) and monitor trends over time rather than rely on a single data point.
Nearby employers provide a diverse white-collar and healthcare-oriented base that supports commuter convenience and renter retention, including headquarters and regional offices for automotive retail, healthcare services, office supplies, pharmaceuticals, and materials.
- AutoNation — automotive retail (4.9 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (12.2 miles)
- Office Depot — office supplies retail (14.8 miles) — HQ
- Johnson & Johnson — healthcare/pharma (22.3 miles)
- Mosaic — materials & fertilizers (26.1 miles)
This 1973, garden-style multifamily opportunity sits in a top-quartile Fort Lauderdale neighborhood with strong amenity access and a renter base supported by a high-cost ownership market. Neighborhood occupancy has trended upward in recent years, and households within a 3-mile radius are projected to increase while average household size declines—conditions that typically expand the tenant base and support stabilized leasing. Based on CRE market data from WDSuite, elevated home values and solid income levels in the surrounding area point to sustained renter reliance on multifamily housing and measured pricing power for well-positioned assets.
Given the vintage, investors can evaluate targeted value-add and systems upgrades to sharpen competitiveness against newer stock, leveraging strong local demand drivers and proximity to a diverse set of employers. Underwriting should also incorporate practical risk controls related to mixed but improving safety indicators and selective amenity gaps (e.g., limited childcare and pharmacy density).
- Top-quartile neighborhood in the Fort Lauderdale metro with strong dining, grocery, and park access that supports leasing velocity.
- High-cost ownership market reinforces multifamily demand and can support disciplined rent growth and retention.
- 3-mile radius shows rising households and smaller household sizes, expanding the tenant base and supporting occupancy stability.
- 1973 vintage offers value-add through targeted renovations and systems modernization to compete with newer product.
- Risks: mixed safety metrics versus national benchmarks and limited childcare/pharmacy density; address with standard asset and operations plans.