| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 91st | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 SE 1st St, Fort Lauderdale, FL, 33301, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1972 |
| Units | 39 |
| Transaction Date | 2024-12-20 |
| Transaction Price | $94,700 |
| Buyer | SF LAS OLAS LLC |
| Seller | FLJANKOVIC SINISA |
1300 SE 1st St Fort Lauderdale Urban-Core Multifamily
Amenity-rich, high-income neighborhood dynamics support a durable renter base, according to WDSuite’s CRE market data, while neighborhood occupancy is measured for the area—not this property—providing context for leasing strategy.
Situated in Fort Lauderdale’s Urban Core, the property benefits from one of the metro’s highest-amenity locations. The neighborhood ranks 3rd among 345 metro neighborhoods for overall amenities and sits in the 97th percentile nationally, with dense restaurant, cafe, grocery, park, and pharmacy access that supports walkability and day-to-day convenience for residents.
Renter demand fundamentals are reinforced by a strong neighborhood profile (A+ rating; 3rd of 345 for demographics, 91st percentile nationally), and an elevated renter concentration at the area level. Within a 3-mile radius, households have grown and are projected to continue expanding, adding depth to the tenant base and supporting occupancy stability over time. Median household incomes in the 3-mile radius have risen meaningfully, growing the higher-earning renter pool and helping sustain effective rents.
Home values in the immediate neighborhood are elevated (92nd percentile nationally), which tends to keep many households in multifamily rentals longer and can aid lease retention. At the same time, the neighborhood’s rent-to-income ratio signals relatively manageable rent levels for many renters, which can support renewal performance and reduce turnover risk.
According to WDSuite’s CRE market data, neighborhood-level occupancy is below national norms but has improved over the last five years. Investors should interpret this as an area-level metric rather than a property KPI and consider it alongside the neighborhood’s NOI per unit positioning, which ranks in the top tier (98th percentile nationally) among peers—an indicator of strong revenue potential where assets are well-operated.
The asset’s 1972 construction is older than the neighborhood’s average vintage (1980), pointing to potential value-add and capital planning opportunities to enhance competitive positioning against newer stock and capture renter preferences in this amenity-dense submarket.
Safety signals at the neighborhood level trend weaker than national benchmarks. Based on WDSuite’s data, the area’s safety profile falls well below the national median (around the 15th percentile nationwide) and ranks near the lower end within the Fort Lauderdale metro (325th of 345 neighborhoods). These are area-level indicators, not property-specific conditions.
Investors commonly address this context through active management, lighting and access control, and resident engagement. Monitoring recent trends and coordinating with local resources can help support tenant retention and leasing performance over the hold period.
Proximity to major employers supports workforce housing demand and commute convenience for residents. Nearby anchors include AutoNation, Tenet Healthcare, Johnson & Johnson, and Office Depot, which broaden the professional renter base in the area.
- AutoNation — corporate headquarters (0.9 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (15.6 miles)
- Johnson & Johnson — healthcare & consumer products offices (18.3 miles)
- Office Depot — corporate headquarters (19.5 miles) — HQ
This 39-unit asset sits in a high-amenity Urban Core location where household growth within a 3-mile radius and elevated neighborhood incomes expand the prospective renter pool. According to CRE market data from WDSuite, neighborhood-level NOI per unit ranks near the top nationally, suggesting strong revenue potential when operations and finish levels align with renter expectations. Elevated home values at the neighborhood level reinforce multifamily reliance and can aid lease retention, while rent-to-income dynamics indicate capacity for sustained occupancy management rather than outsized affordability pressure.
Built in 1972, the property is older than the local average vintage, creating a practical path for targeted renovations and systems upgrades to improve competitive standing against newer product. Area-level occupancy runs below national norms but has trended upward, so execution should emphasize leasing velocity, renewals, and resident experience to capture the location’s amenity advantages.
- Amenity-dense Urban Core location with national top-tier access to restaurants, cafes, groceries, and parks.
- Expanding 3-mile renter pool and higher-income households support demand depth and pricing resilience.
- Neighborhood NOI per unit ranks in the national top tier, indicating revenue potential with strong operations.
- 1972 vintage provides value-add and capital planning levers to strengthen competitive positioning.
- Risks: area-level safety ranks below national norms and neighborhood occupancy is comparatively soft; plan for security, leasing focus, and resident retention.