| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 21st | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 306 W Dixie Ct, Fort Lauderdale, FL, 33311, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 2008 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
306 W Dixie Ct Fort Lauderdale Multifamily Investment
Neighborhood occupancy trends are around the metro median while renter concentration is high, supporting a steady tenant base according to WDSuite’s CRE market data. This location offers workforce access in Fort Lauderdale with newer-vintage positioning relative to nearby housing stock.
Situated in Fort Lauderdale’s Urban Core, the property benefits from a renter-occupied share that is elevated for the neighborhood, signaling depth in the tenant pool. Neighborhood occupancy is near the metro midpoint, which helps underpin leasing stability, while a 2008 vintage positions the asset competitively against an average neighborhood construction year of 1984—suggesting fewer near-term system replacements, though select modernization may still be prudent for repositioning.
Local amenity access is mixed. Grocery access is strong (competitive within the metro and high nationally), and restaurants are comparatively plentiful, but cafes, parks, and pharmacies are limited within the immediate neighborhood. For investors, this blend often supports daily convenience while leaving room for future retail amenity growth as densification progresses.
Within a 3-mile radius, demographics show modest recent population growth with a larger increase in households and a trend toward smaller household sizes—dynamics that typically expand the renter pool and support occupancy stability. Median incomes have risen, and the neighborhood’s rent-to-income ratio sits at a level that suggests measured pricing power with appropriate lease management. Elevated home values relative to incomes in the broader area indicate a high-cost ownership market, which can sustain reliance on multifamily rentals and support retention.
From a performance lens, neighborhood housing and NOI-per-unit metrics compare reasonably well against many metro neighborhoods and land in the top quartile nationally on several housing and income-based indicators. Forward-looking 3-mile forecasts point to additional population and household expansion, which can reinforce demand for well-operated, mid-2000s product as new supply calibrates to market conditions.
Safety metrics for the neighborhood track below both metro and national norms, with the area ranking near the lower end among 345 Fort Lauderdale metro neighborhoods and placing in a low national percentile. Recent data indicates year-over-year increases in both property and violent offenses. For investors, prudent risk management—such as lighting, access control, and resident engagement—can help mitigate exposure and support leasing outcomes.
Proximity to major corporate offices supports workforce housing demand and commuting convenience, including AutoNation, Tenet Healthcare, Johnson & Johnson, Office Depot, and Mosaic.
- AutoNation — automotive retail (0.8 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (14.5 miles)
- Johnson & Johnson — healthcare & consumer products offices (17.6 miles)
- Office Depot — office supplies corporate (19.4 miles) — HQ
- Mosaic — fertilizer & industrial products offices (21.7 miles)
This 66-unit, 2008-vintage asset aligns with renter-driven fundamentals in an Urban Core neighborhood where renter-occupied housing is high and overall occupancy trends sit near the metro midpoint. Relative to older local stock, the vintage offers competitive positioning with potential to refine interiors and common areas for value-add returns, while neighborhood metrics indicate a tenant base supported by workforce access and nearby employers. Based on commercial real estate analysis from WDSuite, rent-to-income levels and neighborhood NOI-per-unit indicators point to balanced pricing power with disciplined lease management.
Within a 3-mile radius, recent population gains, a larger increase in households, and smaller household sizes expand the potential renter pool. Forecasts project further growth and income gains, which can reinforce leasing and renewal prospects. Elevated ownership costs in the area further support reliance on multifamily, though amenity gaps and below-average safety metrics warrant targeted operational strategies.
- 2008 construction competes well versus older neighborhood stock, with selective modernization for value-add potential.
- High renter-occupied share supports tenant base depth and occupancy stability.
- 3-mile projections show population and household expansion, reinforcing long-run multifamily demand.
- Rent-to-income and NOI-per-unit trends indicate measured pricing power with disciplined lease management.
- Risks: below-average safety metrics and limited nearby cafes/parks/pharmacies call for focused property and community measures.