| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 26th | Poor |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1440 NW 22nd St, Fort Lauderdale, FL, 33311, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | 2017-11-03 |
| Transaction Price | $1,137,000 |
| Buyer | FLORIDA |
| Seller | CUMMINGS PHILIP BRUCE |
1440 NW 22nd St Fort Lauderdale 24-Unit Multifamily
Neighborhood occupancy trends sit above the metro median and a durable renter base underpins demand, according to WDSuite’s CRE market data. Positioned for steady performance in an inner-suburban location where ownership costs sustain reliance on rentals.
Located in an Inner Suburb of Fort Lauderdale, the property benefits from a renter-driven landscape and proximity to daily-needs amenities. Neighborhood grocery access ranks strong (around the 90th percentile nationally) and park access is also competitive (mid-80s percentile), while cafes and pharmacies are comparatively limited. For investors, this mix supports day-to-day livability and leasing while signaling room for targeted amenity upgrades on site to differentiate.
Neighborhood occupancy is above the metro median among 345 Fort Lauderdale-area neighborhoods, which supports income stability through typical cycles. Median contract rents in the area sit above national midpoints, yet rent-to-income measures indicate relatively moderate affordability pressure—helpful for retention and lease management.
Within a 3-mile radius, demographics point to a larger tenant base over time: population and household counts have grown in recent years and are projected to increase further by 2028, with average household size trending lower. A 3-mile renter-occupied share of roughly one-half of housing units signals depth in the tenant pool and supports occupancy durability for multifamily assets.
Relative to the metro, the broader neighborhood quality score sits toward the lower end (C- and ranked 302 of 345), but the housing dimension performs above national midpoints and grocery/park access outperforms. Investors should view this as a value positioning story: solid fundamentals with selective on-site improvements and operational focus to capture demand.
Safety indicators in the immediate neighborhood track near the Fort Lauderdale metro median (ranked 170 out of 345 neighborhoods). Compared nationally, the area sits below average on several safety measures, but both property and violent offense rates have improved year over year, with declines that outpace many peer areas. For underwriting, this suggests monitoring continues to be prudent, while recent trend direction is constructive.
- AutoNation — automotive retail (2.6 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (12.6 miles)
- Office Depot — office supplies (17.3 miles) — HQ
- Johnson & Johnson — healthcare/pharma (19.3 miles)
- Ryder System — logistics & transportation (24.2 miles) — HQ
Nearby employers span automotive retail headquarters, healthcare services, office supplies, pharmaceuticals, and logistics—supporting a diverse employment base that can bolster renter demand and retention through commute convenience.
Built in 1976 and totaling 24 units, the asset offers scale for operational efficiency with potential value-add through unit and common-area updates. Neighborhood occupancy trends are above the metro median and median rents position near national midpoints, while ownership costs in the area remain comparatively high—dynamics that reinforce rental demand and support pricing power without overextending affordability. According to CRE market data from WDSuite, nearby amenities skew toward groceries and parks, which complements workforce-oriented appeal.
Within a 3-mile radius, population and households have grown and are projected to continue rising by 2028, expanding the renter pool even as household sizes trend smaller—favorable for sustained leasing velocity. The property’s vintage creates scope for targeted renovations and capital planning to enhance competitiveness versus newer stock while balancing CapEx with rent-to-income levels that suggest manageable affordability pressure.
- Above-metro neighborhood occupancy supports income stability
- 1976 vintage enables value-add and modernization upside
- 3-mile renter depth and household growth support steady demand
- Strong grocery and park access enhances day-to-day livability
- Risks: neighborhood safety trails national averages; limited cafe/pharmacy options warrant conservative underwriting and on-site amenity focus