| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 80th | Best |
| Amenities | 27th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5930 NE 18th Ave, Fort Lauderdale, FL, 33334, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1978 |
| Units | 96 |
| Transaction Date | 2009-02-17 |
| Transaction Price | $4,094,800 |
| Buyer | EIGHTEEN CYPRESS CREEK LLC |
| Seller | ANGELITAS SOUTH LLC |
5930 NE 18th Ave Fort Lauderdale Multifamily
Neighborhood fundamentals point to steady renter demand supported by a high-cost ownership market and stable occupancy at the neighborhood level, according to WDSuite’s CRE market data. The property’s inner-suburb location offers access to diverse employment nodes across Broward County.
This Inner Suburb location in Fort Lauderdale delivers balanced livability for renters: restaurants are relatively accessible (competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods by dining density), while day-to-day services like groceries and parks are limited within the immediate neighborhood. For investors, that mix suggests demand tied more to regional access and employment than to a single destination amenity set.
Neighborhood occupancy is around 91% (neighborhood metric, not property-specific), aligning with stable leasing conditions typical for Broward County’s inner-ring submarkets. Median contract rents in the neighborhood sit above the national midpoint, and rent-to-income levels are comparatively manageable, supporting retention and day-to-day lease performance.
Construction stock skews slightly older than the metro average, and a 1978 vintage for this asset positions it for value-add through unit and building system upgrades. That profile can enhance competitive positioning versus legacy properties while remaining below the newest Class A price points.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding, pointing to a larger tenant base over time. Elevated home values locally (top decile nationally) indicate a high-cost ownership market that tends to sustain demand for professionally managed rentals—an investor-positive dynamic for pricing power and lease-up velocity when paired with disciplined operations and commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood track below the metro median (ranked 257 out of 345 metro neighborhoods), placing the area in the lower half when compared nationally. Property and violent offense measures sit around the national middle to lower half, and recent year-over-year changes have been volatile. Investors typically underwrite with conservative assumptions, focus on security-forward operations, and lean on submarket visibility to support leasing and retention.
The location draws on a broad Broward–Palm Beach employment base, with nearby corporate offices supporting commuter convenience and reinforcing workforce renter demand. Key employers within practical drive times include AutoNation, Tenet Healthcare, Office Depot, Johnson & Johnson, and Mosaic.
- AutoNation — automotive retail (5.8 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (12.0 miles)
- Office Depot — office supplies (13.9 miles) — HQ
- Johnson & Johnson — healthcare & consumer offices (23.3 miles)
- Mosaic — agriculture & materials offices (26.9 miles)
The investment case centers on durable renter demand supported by a high-cost ownership landscape and neighborhood-level occupancy near the low-90s. With a 1978 vintage, the property is positioned for value-add through interior updates and selective system modernization, improving competitiveness versus older stock while maintaining a discount to new-build pricing.
Within a 3-mile radius, recent and projected growth in population and households points to a larger tenant base over time. Elevated home values—well above national norms—reinforce reliance on multifamily rentals, supporting retention and pricing power when operations are disciplined. These dynamics are consistent with Broward County inner-ring patterns observed in multifamily property research from WDSuite.
- High-cost ownership market supports sustained rental demand and lease retention
- Neighborhood occupancy around the low-90s (neighborhood metric) supports income stability
- 1978 vintage offers value-add and modernization upside to enhance competitiveness
- Broad employment access across Broward–Palm Beach underpins workforce renter base
- Risk: amenity gaps and below-metro safety rankings warrant conservative underwriting and active management