| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 84th | Best |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1400 NE 50th Ct, Fort Lauderdale, FL, 33334, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1400 NE 50th Ct, Fort Lauderdale Multifamily Investment
Positioned in an A-rated inner suburb with strong amenity access and affluent households, the property targets durable renter demand and leasing resilience, according to WDSuite’s CRE market data. Steady neighborhood fundamentals and a high-cost ownership landscape support long-term income stability.
The property sits in an A-rated Inner Suburb of the Fort Lauderdale-Pompano Beach-Sunrise metro, ranking 47 out of 345 neighborhoods—top quartile among metro peers. Amenity density is a core strength: restaurants and cafes rank near the top of the metro, and grocery and park access are also competitive. Pharmacy and formal childcare options are thinner inside the neighborhood itself, so residents often rely on nearby districts for those services.
Neighborhood contract rents benchmark above the national middle, while rent-to-income sits in a mid-range that supports pricing power without overextending tenants. The share of housing units that are renter-occupied is moderate (about one-quarter of units), indicating a smaller but stable renter base; for multifamily investors, that often translates into dependable demand for well-managed, quality apartments rather than deep turnover-driven leasing.
Within a 3-mile radius, demographics show steady population levels over the last five years and a continued increase in households, with projections indicating meaningful household growth by 2028. Smaller average household sizes point to sustained demand for one- and two-bedroom units and a wider tenant base, supporting occupancy stability for well-located assets.
Elevated home values relative to incomes reflect a high-cost ownership market. For investors, that dynamic reinforces reliance on multifamily housing and can aid lease retention, as renting remains the more accessible option for many households in this submarket. Neighborhood occupancy has trended up over the past five years but remains below the metro median, underscoring the importance of hands-on management and competitive finish levels.
Safety indicators are mixed when compared across the metro and nation. The neighborhood’s overall crime rank is near the middle among 345 Fort Lauderdale-Pompano Beach-Sunrise neighborhoods, suggesting conditions that are neither among the metro’s best nor worst.
National benchmarks indicate violent offense rates sit below the national median (less favorable than average), while property offense rates track closer to mid-range. Encouragingly, property offenses have declined year over year, which supports long-term operations and resident retention. Underwriting should pair neighborhood trends with property-level measures such as lighting, access control, and on-site management.
A diverse employment base within a reasonable drive underpins renter demand and retention, led by corporate offices and healthcare services listed below.
- AutoNation — auto 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 — pharmaceuticals and medical devices (22.3 miles)
- Mosaic — fertilizers and chemicals (26.1 miles)
Built in 1972, this 20-unit property offers a classic value-add profile in an A-rated, amenity-rich inner suburb. Elevated ownership costs in the area help sustain a renter pool with solid incomes, while increasing households within a 3-mile radius support demand for professionally managed units. Neighborhood occupancy has improved over five years but trails the metro median, making operational execution and thoughtful renovations the key levers to stabilize tenancy and capture rent premiums.
According to commercial real estate analysis from WDSuite, the neighborhood ranks in the top quartile within the metro for overall quality and amenity access, with particularly strong food-and-grocery density. These fundamentals, combined with steady household growth and a moderate rent-to-income backdrop, position the asset for durable leasing if capital plans address 1970s-vintage systems and finishes.
- A-rated, top-quartile neighborhood with strong amenity access supporting renter appeal
- High-cost ownership market reinforces reliance on multifamily and aids retention
- 1972 vintage offers clear value-add and systems upgrade pathways
- Household growth within 3 miles expands the tenant base over the medium term
- Risk: neighborhood occupancy sits below the metro median—execution and competitive finishes are important