| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 38th | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5331 SW 43rd Ter, Fort Lauderdale, FL, 33314, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1974 |
| Units | 80 |
| Transaction Date | 2017-05-01 |
| Transaction Price | $33,437,900 |
| Buyer | EMERALD PALMS VENTURE LP |
| Seller | --- |
5331 SW 43rd Ter Fort Lauderdale Multifamily Investment
Neighborhood fundamentals point to durable renter demand, with elevated ownership costs and a renter-occupied share that supports a deeper tenant base, according to WDSuite s CRE market data. Strong neighborhood NOI-per-unit performance nationally suggests potential for steady cash flow relative to comparable Inner Suburb locations.
Situated in an Inner Suburb of Fort Lauderdale (neighborhood rating: B-), the area offers a practical mix of daily conveniences and employment access. Dining density and everyday retail are competitive among metro neighborhoods, with cafes, groceries, and restaurants ranking in the upper national percentiles, while formal park and pharmacy counts are limited within the neighborhood footprint. For investors, this mix typically favors lease-up and retention for workforce-oriented product, while the lack of nearby parks may matter more to residents seeking recreation options.
At the neighborhood level, occupancy has trended upward over the past five years and sits near long-run norms for the Fort Lauderdale metro, supporting income stability through cycles. Renter concentration is above the metro median (measured as the share of housing units that are renter-occupied), which indicates a broader tenant base for multifamily assets and generally steadier leasing velocity.
Within a 3-mile radius, population has grown in recent years and households have expanded at a faster clip, while average household size is edging lower. This combination points to a larger and more diversified renter pool, which can support occupancy stability and reduce downtime between turns. Forward-looking estimates indicate continued population growth and a further increase in households, reinforcing demand for rental units.
Home values are elevated for the region and nationally, and the neighborhood s value-to-income position sits in the top quartile nationwide. In practical terms, a high-cost ownership market tends to sustain reliance on rental housing and can support pricing power for well-managed assets. At the same time, rent-to-income ratios suggest some affordability pressure for renters; proactive lease management and amenity positioning can help balance retention and revenue growth.
Safety conditions are mixed relative to peers. The neighborhood ranks below the metro median for safety among 345 Fort Lauderdale-area neighborhoods and sits below the national median by percentile, signaling that investors should underwrite with conservative assumptions for security, lighting, and common-area controls.
Recent trend data point to a year-over-year decrease in property-related offenses, while violent-offense measures moved higher. Framing this at the neighborhood scale (not the property), prudent operators often budget for preventative measures and consider partnerships with local resources to support resident confidence and retention.
Proximity to major corporate offices supports a steady commuter renter base and enhances leasing resilience. The following nearby employers help anchor local demand and shorten commute times for residents: AutoNation, Johnson & Johnson, Ryder System, Mosaic, and Tenet Healthcare Corporation (Florida Region).
- AutoNation corporate offices (5.8 miles) HQ
- Johnson & Johnson healthcare & consumer health offices (11.9 miles)
- Ryder System logistics & transportation corporate offices (17.1 miles) HQ
- Mosaic industrial & materials offices (17.6 miles)
- Tenet Healthcare Corporation, Florida Region healthcare administration offices (17.7 miles)
This 80-unit asset benefits from neighborhood demand drivers that align with stable multifamily performance: renter-occupied housing shares above the metro median, strengthening neighborhood occupancy over the last five years, and elevated ownership costs that keep the renter pool deep. Amenities are serviceable for daily needs, with strong dining and grocery access offset by fewer parks inside the neighborhood boundary. Based on commercial real estate analysis from WDSuite, the area s NOI-per-unit profile ranks among the top nationally, underscoring income durability versus many Inner Suburb peers.
Investor focus points include retention management amid higher rent-to-income levels and prudent budgeting for security given below-median safety metrics at the neighborhood scale. Demographic trends within a 3-mile radius including recent household growth and projected gains support continued renter demand and occupancy stability for well-managed, right-sized units.
- Renter-occupied share above metro median broadens the tenant base and supports leasing stability.
- Neighborhood occupancy has improved over five years, aiding income consistency across cycles.
- Elevated home values reinforce reliance on rental housing, supporting pricing power for competitive product.
- 3-mile demographics show population and household growth with projections indicating further renter pool expansion.
- Risks: below-median neighborhood safety and higher rent-to-income ratios call for thoughtful security and lease management.