| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 75th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1401 NE 17th Ct, Fort Lauderdale, FL, 33305, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1975 |
| Units | 26 |
| Transaction Date | 2021-05-20 |
| Transaction Price | $12,581,200 |
| Buyer | PULSO MIAMI LLC |
| Seller | DF & B PROPERTIES LLC |
1401 NE 17th Ct Fort Lauderdale 26-Unit Multifamily Investment
Situated in an amenity-rich inner suburb of Fort Lauderdale, this 26-unit asset benefits from strong renter demand drivers and elevated ownership costs in the surrounding area, according to WDSuite’s CRE market data. Neighborhood occupancy has been steady over time, supporting a durable baseline for leasing while leaving room for value-add upside.
Positioned in an inner suburb near Fort Lauderdale’s core, the property sits in a neighborhood that ranks among the highest within the Fort Lauderdale–Pompano Beach–Sunrise metro (6th of 345 neighborhoods). Amenity access is a notable strength: cafes, restaurants, pharmacies, parks, and grocery options track in the top quartile nationally, which tends to support tenant retention and day-to-day convenience for residents.
Rents in the immediate neighborhood trend above many U.S. areas (top quartile nationally), and home values are elevated relative to incomes, which often sustains reliance on multifamily housing rather than ownership. For investors, this setting can reinforce pricing power while making lease management and renewals a key focus to balance affordability pressures.
Demographic indicators aggregated within a 3-mile radius point to population growth and a faster increase in households over the past five years, with projections calling for continued renter pool expansion through 2028. A smaller average household size and a sizable share of higher-income households suggest depth for professionally managed apartments, particularly in well-finished mid-size units.
Neighborhood occupancy levels run below the metro median (273rd of 345), implying more competitive lease-ups versus top-performing Fort Lauderdale areas. For a 1975 vintage asset, that dynamic can be addressed through targeted renovations and focused operations to differentiate product and support occupancy stability.
Safety conditions are mixed in comparison with the region and nation. Within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood trends below the median (relative to 345 neighborhoods), indicating more reported incidents than many local peers. Nationally, overall and violent crime measures sit below the midpoint, so investors should plan for pragmatic security measures to support resident comfort.
Recent readings point to year-over-year increases in both property and violent offenses. Owners commonly respond with improved lighting, access controls, and active community management to balance operating costs with retention and leasing needs.
Proximity to major corporate employers provides a diversified white-collar and healthcare-oriented employment base that supports renter demand and commuting convenience for residents. Notable nearby employers include AutoNation, Tenet Healthcare, Office Depot, Johnson & Johnson, and Mosaic.
- AutoNation — automotive retail HQ (2.3 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (14.0 miles)
- Office Depot — office supplies HQ (17.5 miles) — HQ
- Johnson & Johnson — pharmaceuticals & consumer health (19.9 miles)
- Mosaic — chemicals & fertilizers (23.4 miles)
This 26-unit property offers a value-add path in an amenity-rich Fort Lauderdale neighborhood that performs near the top of the metro on convenience and lifestyle access. Elevated ownership costs relative to incomes help sustain reliance on rental housing, and neighborhood rents are strong versus national peers. According to CRE market data from WDSuite, local occupancy has been steady over time, while the broader 3-mile area shows population growth and an expanding household base, supporting a larger tenant pool and potential leasing durability.
Built in 1975, the asset is older than the area’s average vintage, signaling clear renovation and capital-planning opportunities to improve competitive positioning and enhance retention. Investors should underwrite to neighborhood-level occupancy that trails the metro median and consider measured security and community improvements given safety metrics that lag national midpoints, alongside modest nearby school ratings.
- Amenity-rich location with top-quartile national access to daily needs, supporting retention
- Elevated ownership costs reinforce reliance on multifamily housing and pricing power
- 3-mile radius shows population growth and household expansion, enlarging the renter base
- 1975 vintage presents value-add and capex levers to boost competitiveness
- Risks: below-median neighborhood occupancy, modest school scores, and safety metrics below national midpoints