| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 26th | Poor |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3331 Auburn Blvd, Fort Lauderdale, FL, 33312, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3331 Auburn Blvd Fort Lauderdale 24-Unit Multifamily
Positioned in an inner-suburban Broward County corridor, the asset benefits from steady neighborhood occupancy and a broad renter base, according to WDSuite’s CRE market data. Its 1986 vintage offers competitive positioning versus older local stock while leaving room for targeted upgrades.
The property sits in an Inner Suburb pocket of Fort Lauderdale rated C- among 345 metro neighborhoods, indicating a mixed but serviceable location for workforce renters. Neighborhood occupancy trends are around the metro median, with only slight softening in recent years per WDSuite’s CRE market data, supporting stable leasing when pricing is managed to demand.
Amenity access is balanced: cafe density ranks in the top quartile nationally, while restaurants and grocery options track above national midpoints. Park and pharmacy counts are comparatively thin in the immediate neighborhood, so onsite conveniences and partnerships with nearby services can support resident retention.
The typical building stock in the area skews older (average vintage 1968 across the neighborhood). This asset’s 1986 construction is newer than the local average, which can enhance competitiveness versus legacy properties; investors should still budget for modernization of systems as part of a focused value-add plan.
Within a 3-mile radius, demographic statistics show modest population growth historically with a larger increase in households and a projected rise in both measures over the next five years. A renter-occupied share near half of housing units in this 3-mile radius indicates a deep tenant base, which supports occupancy stability and leasing velocity for multifamily. Median contract rents in the neighborhood sit in the top quartile nationally, reinforcing pricing power potential relative to many U.S. submarkets when paired with effective management and renewals.
Safety indicators trend below national benchmarks based on WDSuite’s crime percentiles, signaling that crime rates are higher than in many U.S. neighborhoods. Recent year-over-year data also show increases in violent and property offenses, suggesting investors should plan for prudent measures such as access control, lighting improvements, and resident communication to support retention.
At the metro level, conditions vary widely across Fort Lauderdale-area neighborhoods. Framing expectations and budgeting for security and operational oversight can help keep performance competitive among peer assets despite broader area trends.
Nearby corporate offices create a diversified employment base that supports renter demand and commute convenience for residents. The list below highlights major employers within practical driving distance that can influence leasing stability for workforce housing.
- AutoNation — corporate offices (3.0 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (13.7 miles)
- Johnson & Johnson — healthcare and consumer products offices (16.3 miles)
- Office Depot — corporate offices (20.0 miles) — HQ
- Ryder System — logistics and transportation offices (21.1 miles) — HQ
This 24-unit, 1986-vintage asset offers a practical balance of stability and value-add potential in an inner-suburban Fort Lauderdale location. Neighborhood rents benchmark in the top quartile nationally and occupancy trends hover around the metro median, suggesting durable demand when pricing aligns with local incomes and amenities. According to commercial real estate analysis from WDSuite, the area’s older comparable stock provides a relative edge for a 1980s building, while targeted CAPEX can further differentiate interiors and common areas.
Within a 3-mile radius, population and household counts are poised to grow, with household sizes easing—conditions that typically expand the renter pool and support leasing velocity. Elevated ownership costs in Broward County reinforce reliance on multifamily housing, while the nearby employment base adds to tenant retention prospects. Operators should still account for neighborhood safety considerations and modest amenity gaps with appropriate security, marketing, and service strategies.
- Competitive 1986 vintage versus older neighborhood stock, with clear modernization upside
- Neighborhood rents in the top quartile nationally support pricing power with effective management
- 3-mile radius shows growing households and a sizable renter base, supporting occupancy stability
- Proximity to diversified employers underpins demand from workforce renters
- Risks: below-national safety percentiles and limited nearby parks/pharmacies call for security and amenity strategies