| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 13th | Poor |
| Amenities | 30th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2411 NW 7th St, Fort Lauderdale, FL, 33311, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1991 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2411 NW 7th St Fort Lauderdale 50-Unit Multifamily
Positioned in an inner-suburb pocket of Fort Lauderdale with a deep renter base, the asset offers stable workforce demand despite softer neighborhood occupancy, according to WDSuite s CRE market data.
This inner-suburb location balances everyday convenience with practical investment fundamentals. Restaurant density rates in the top decile nationally, and grocery options are also strong, while parks, pharmacies, and cafes are limited. That mix supports day-to-day livability for renters but suggests fewer lifestyle amenities on immediate blocks.
The neighborhood s housing stock skews older than the subject s 1991 vintage (area average is late-1960s), which can position the property as relatively competitive versus nearby legacy assets; investors should still plan for systems modernization typical of 1990s construction.
Within a 3-mile radius, demographics point to a larger tenant base over time: population has grown modestly and is projected to expand further, with households increasing and average household size trending smaller. This combination generally supports multifamily demand, retention, and lease-up versatility. Median incomes in the 3-mile area have been rising, and rent levels are expected to continue upward, based on CRE market data from WDSuite.
At the neighborhood level, renter concentration is high (a majority of housing units are renter-occupied), which deepens the leasing pool for a 50-unit property. However, neighborhood occupancy trends sit below metro norms, placing this area below the metro median among 345 Fort Lauderdale Pompano Beach Sunrise neighborhoods; active management and value positioning are important to sustain performance.
Safety indicators for this neighborhood track below national averages and fall in the lower tier among 345 Fort Lauderdale Pompano Beach Sunrise neighborhoods. National percentiles for both property and violent offenses are on the weaker side, signaling that investors should underwrite with prudent security, lighting, and tenant-experience measures.
Trends can vary by block and over time; investors typically mitigate with on-site protocols and by emphasizing the asset s relative competitiveness versus older nearby stock. Comparable assets in similar inner-suburb contexts often focus on access control, visibility, and community standards to support leasing and retention.
The area draws from a diverse employment base spanning auto retail headquarters, healthcare administration, office supplies, pharmaceuticals, and industrial chemicals a mix that supports commuter convenience and renter demand for workforce housing at this address. Nearby employers include AutoNation, Tenet Healthcare (Florida Region), Johnson & Johnson, Office Depot, and Mosaic.
- AutoNation auto retail (2.1 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare services (13.5 miles)
- Johnson & Johnson pharmaceuticals & medtech offices (17.5 miles)
- Office Depot office supplies (19.0 miles) HQ
- Mosaic chemicals & fertilizers (22.3 miles)
Built in 1991 with 50 units averaging roughly 945 square feet, the property is newer than much of the surrounding housing stock. That relative vintage can translate into competitive positioning against older assets, while leaving room for targeted renovations or systems upgrades to elevate rents and reduce turnover. The neighborhood features a high share of renter-occupied housing, which supports a deeper tenant base, though local occupancy trends lag stronger Fort Lauderdale subareas.
Within a 3-mile radius, population has grown and is projected to expand, with households increasing and incomes rising indicative of a broadening renter pool and sustained demand for well-managed workforce units. Elevated ownership costs in the broader market reinforce reliance on multifamily rentals, supporting pricing power if positioned correctly. According to CRE market data from WDSuite, local amenity access favors food and grocery convenience, which can aid leasing despite fewer parks and cafes nearby.
- 1991 construction is competitive versus older nearby stock, with potential upside from selective modernization.
- High renter concentration in the neighborhood supports tenant base depth for a 50-unit asset.
- 3-mile demographics point to population and household growth, reinforcing demand and occupancy stability.
- Ownership costs remain elevated in the metro, supporting renter reliance and lease retention potential.
- Risks: neighborhood occupancy trails metro leaders and safety metrics are weaker; underwriting should account for security measures and value-focused positioning.