| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 29th | Poor |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2551 NW 26th St, Fort Lauderdale, FL, 33313, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1972 |
| Units | 27 |
| Transaction Date | 2025-07-28 |
| Transaction Price | $11,850,300 |
| Buyer | CFRE LAKE SUCCESS LLC |
| Seller | LAKE SUCCESS LLC |
2551 NW 26th St, Fort Lauderdale Value-Add Multifamily
Neighborhood occupancy is strong and renter demand is supported by local employment access, according to WDSuite’s CRE market data. This positioning suggests durable leasing with room for operational upside as management improves finishes and amenities through focused commercial real estate analysis.
Situated in Fort Lauderdale’s Urban Core, the property benefits from a neighborhood occupancy rate of 98.7% (neighborhood metric, not the property), indicating stable tenant retention dynamics for workforce-oriented housing. Median contract rents sit above national norms while remaining competitive locally, which can support revenue consistency when paired with disciplined renewals.
Renter-occupied housing comprises 41.7% of neighborhood units, pointing to a deep, stable tenant base for multifamily demand rather than a transient renter pool. Within a 3-mile radius, population and household counts have been rising and are projected to continue growing, expanding the renter pool and supporting occupancy stability over the next several years.
Amenities are a relative strength: cafes, childcare, groceries, and restaurants rank high nationally by density, making day-to-day living convenient for residents; this area is competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods on amenity access. However, nearby park and pharmacy density is limited, which investors should consider when planning on-site offerings or partnerships.
Home values sit at elevated levels for the metro, and the value-to-income ratio is high compared with national norms. In practice, a high-cost ownership market tends to sustain reliance on rental housing and can support pricing power, though rent-to-income levels suggest careful lease management to balance retention and revenue goals.
Neighborhood safety indicators compare favorably against many U.S. neighborhoods overall, with violent and property offense measures landing in higher national percentiles (safer relative positioning). Recent trend data show a one-year increase in violent offenses but a decline in property-related incidents, according to WDSuite’s CRE market data. Investors should underwrite with a neighborhood-level lens and monitor trajectory rather than block-level assumptions.
Within the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood’s standing is mixed across metrics, so prudent operators often emphasize lighting, access control, and resident engagement to support retention and limit avoidable loss. Comparisons here reflect neighborhood-level trends, not site-specific security conditions.
The area draws from a diversified employment base that supports renter demand and commute convenience, including automotive retail, healthcare, office supplies, logistics, and healthcare-adjacent medtech. The employers below represent nearby demand anchors relevant to resident retention and leasing stability.
- AutoNation — automotive retail (6.1 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (10.4 miles)
- Johnson & Johnson — pharma/medtech offices (18.1 miles)
- Office Depot — office supplies (18.2 miles) — HQ
- Ryder System — logistics & transportation (22.2 miles) — HQ
This 27-unit asset built in 1972 offers a classic value-add profile in a neighborhood with strong occupancy and a sizable renter base. Elevated ownership costs in the area reinforce reliance on multifamily, while neighborhood rents remain competitive for the metro — a combination that supports steady absorption and renewal potential. Within a 3-mile radius, ongoing population and household growth points to a larger tenant base, which can support occupancy stability and measured rent growth over time.
According to CRE market data from WDSuite, neighborhood-level safety compares favorably at the national level, though recent violent offense trends warrant monitoring. The 1972 vintage suggests thoughtful capital planning for building systems and common-area upgrades, with potential to capture rent premiums through targeted interior renovations and improved resident services.
- Strong neighborhood occupancy supports leasing stability and renewal capture
- High-cost ownership market sustains multifamily demand and pricing power
- 3-mile radius shows population and household growth, expanding the renter pool
- 1972 vintage presents value-add upside via system upgrades and interior improvements
- Risks: mixed safety trendlines and rent-to-income pressures call for careful lease management