| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 59th | Good |
| Amenities | 50th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2520 E Marina Bay Dr, Fort Lauderdale, FL, 33312, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 2002 |
| Units | 20 |
| Transaction Date | 2000-01-31 |
| Transaction Price | $4,800,000 |
| Buyer | AVAILABLE NOT |
| Seller | AVAILABLE NOT |
2520 E Marina Bay Dr Fort Lauderdale Multifamily Investment
Positioned in an Inner Suburb pocket with a deep renter-occupied base, this 20-unit asset benefits from a high-cost ownership landscape that supports steady multifamily demand, according to WDSuite s CRE market data. The property s 2002 vintage competes well against older neighborhood stock while allowing room for targeted upgrades.
The property sits in a B+ rated neighborhood that is competitive among Fort Lauderdale-Pompano Beach-Sunrise s 345 neighborhoods, supported by strong amenities for daily living. Grocery access and parks index in the upper national percentiles, while cafes and restaurants are also above average. Pharmacy options are limited locally, which may shift some errands to nearby districts.
Construction in the area skews older (average 1987), so a 2002-built community can hold a relative advantage versus legacy stock, with the caveat that systems may now be approaching mid-life replacement cycles. Neighborhood-level median asking rents trend toward the higher end nationally, and NOI per unit benchmarks are in the top quartile, signaling landlords have historically achieved solid income metrics.
Tenure patterns point to meaningful depth for leasing: the share of housing units that are renter-occupied sits in the top decile nationally, indicating a sizable tenant base for multifamily operators. At the same time, the neighborhood s overall housing occupancy runs below national medians, so revenue stability hinges on execution, product positioning, and attentive leasing.
Within a 3-mile radius, population and household counts have grown in recent years, and forecasts through 2028 call for further population growth alongside a sizable increase in households as average household size trends lower. This dynamic typically expands the renter pool and supports occupancy stability for well-managed assets.
Elevated home values relative to incomes (high national percentile for value-to-income) indicate a high-cost ownership market that tends to sustain renter reliance on multifamily housing. Lease management should still account for rent-to-income pressures that are higher than typical, balancing pricing power with retention objectives.
Neighborhood safety metrics trend below national averages, with crime measures placing the area in lower national percentiles for both property and violent offenses. Within the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood ranks toward the less safe end of the 345-neighborhood spectrum.
Recent year-over-year data indicate an uptick in both violent and property offense rates. For investors, this warrants prudent security planning, resident engagement, and coordination with professional management to support resident satisfaction and mitigate turnover risk while monitoring trend direction over time.
Nearby corporate offices anchor a diverse employment base that supports renter demand and lease retention, including automotive retail, pharmaceuticals, healthcare services, chemicals, and logistics. The following employers are within commuting range and help underpin workforce housing dynamics for this location.
- AutoNation automotive retail corporate offices (2.6 miles) HQ
- Johnson & Johnson pharmaceuticals (15.2 miles)
- Tenet Healthcare Corporation, Florida Region healthcare services (16.0 miles)
- Mosaic chemicals (19.6 miles)
- Ryder System logistics & transportation (20.4 miles) HQ
2520 E Marina Bay Dr offers investors a 2002-vintage, 20-unit footprint in an Inner Suburb setting where renter-occupied housing is prevalent and daily-life amenities score above national averages. Based on CRE market data from WDSuite, neighborhood rents lean high relative to national benchmarks and NOI per unit ranks in the top quartile, while homeownership remains comparatively expensive versus incomes a backdrop that typically reinforces demand for professionally managed rentals.
Forward demographics within a 3-mile radius point to continued population growth and a sizable increase in households as average household size trends lower through 2028 a combination that usually expands the tenant base and supports occupancy. Key considerations include neighborhood safety that tracks below metro and national norms and elevated rent-to-income pressures, both of which put a premium on tailored renovations, security planning, and proactive lease management to sustain retention.
- 2002 vintage competes well versus older local stock; plan for mid-life system updates and selective value-add.
- Strong renter-occupied share indicates depth of tenant demand and leasing resiliency for multifamily operators.
- High ownership costs relative to income bolster reliance on rentals, supporting pricing power when paired with quality and service.
- 3-mile forecasts show population and household gains through 2028, expanding the renter pool and supporting occupancy.
- Risks: below-average safety metrics and higher rent-to-income ratios require robust security, amenity, and retention strategies.