| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 21st | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1461 NW 1st St, Fort Lauderdale, FL, 33311, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1972 |
| Units | 65 |
| Transaction Date | 2017-07-11 |
| Transaction Price | $6,995,000 |
| Buyer | --- |
| Seller | --- |
1461 NW 1st St Fort Lauderdale Multifamily Investment
Renter demand is supported by a high share of renter-occupied units in the surrounding neighborhood and steady occupancy, according to WDSuite’s CRE market data. This commercial real estate analysis points to durable cash flow potential with attention to operating discipline.
Positioned in Fort Lauderdale’s Urban Core, the property benefits from neighborhood fundamentals that favor multifamily. The area shows a high renter-occupied share of housing units (ranked among the highest nationally), which indicates depth in the tenant base and supports occupancy stability for well-managed assets. Neighborhood occupancy trends sit around the metro midpoint, suggesting predictable leasing with appropriate pricing and renewal strategies.
Daily convenience is strengthened by strong grocery access (top quartile nationally; rank 47 of 345 metro neighborhoods) and a competitive concentration of restaurants (rank 112 of 345), while parks, pharmacies, and cafes are limited in the immediate area. Childcare density is notably strong (top quartile nationally), assisting working households and broadening the renter profile.
Within a 3-mile radius, recent population growth and an increase in households have expanded the local renter pool, and forecasts point to further household growth alongside a gradual reduction in average household size—both supportive of ongoing multifamily demand and lease-up velocity. School rating data is not available for this neighborhood; investors may wish to underwrite family-oriented demand using on-the-ground diligence.
Home values in the neighborhood sit above national averages, and the value-to-income relationship is elevated versus many U.S. areas. This high-cost ownership backdrop often reinforces reliance on rental housing and can sustain pricing power, while the neighborhood’s rent-to-income levels appear comparatively manageable, aiding retention. The property’s 1972 vintage is older than the neighborhood’s average construction year; investors should plan for capital improvements and may find value-add or modernization upside to enhance competitive positioning.
Safety indicators for the neighborhood track below many Fort Lauderdale areas and below national averages. The neighborhood’s crime rank places it in the lower tier among 345 metro neighborhoods, and national percentiles indicate it is not among the safer areas nationwide. Recent year-over-year estimates show increases in both property and violent offenses, underscoring the importance of proactive security measures, lighting, and resident engagement to support retention and reputation.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including AutoNation, Tenet Healthcare Corporation (Florida Region), Johnson & Johnson, Office Depot, and Mosaic.
- AutoNation — corporate offices (1.1 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (14.5 miles)
- Johnson & Johnson — pharmaceuticals & consumer health offices (17.3 miles)
- Office Depot — corporate offices (19.5 miles) — HQ
- Mosaic — corporate offices (21.6 miles)
This 65-unit, 1972-vintage asset in Fort Lauderdale’s Urban Core is positioned to capture stable renter demand from a neighborhood with a high share of renter-occupied housing and occupancy near the metro midpoint. Elevated ownership costs relative to incomes in the neighborhood bolster reliance on rentals, while rent-to-income levels suggest room for disciplined pricing without overextending affordability. According to CRE market data from WDSuite, local amenities are anchored by strong grocery access and a competitive restaurant presence, supporting day-to-day livability even as parks and pharmacies are less prevalent nearby.
Within a 3-mile radius, modest population growth and a meaningful increase in households expand the tenant base today, with forecasts indicating further household growth and smaller average household sizes—factors that typically support lease-up velocity and retention. The property’s older vintage points to clear value-add potential through targeted system upgrades and unit renovations to improve competitiveness versus newer stock.
- High neighborhood renter-occupied concentration supports a deep tenant base and occupancy stability.
- Elevated ownership costs versus incomes reinforce sustained rental demand and pricing power.
- Strong grocery access and competitive restaurant density enhance livability for residents.
- 1972 vintage offers value-add and modernization upside for rent and retention gains.
- Risk: Below-average safety metrics and limited parks/pharmacy access call for active management and security planning.