| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 42nd | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 619 N Andrews Ave, Fort Lauderdale, FL, 33311, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 2012 |
| Units | 76 |
| Transaction Date | 2006-03-23 |
| Transaction Price | $1,500,000 |
| Buyer | RELIANCE PROGRESSO ASSOCIATES LTD |
| Seller | SPLENDORE ANDREA |
619 N Andrews Ave Fort Lauderdale Multifamily Asset
Strong renter demand and proximity to downtown employers support leasing fundamentals, according to WDSuite s CRE market data. Newer construction relative to the area positions the asset competitively while maintaining attention to affordability and retention.
Location dynamics and renter demand
The property sits in an inner-suburb neighborhood of Fort Lauderdale with a B rating, competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods (rank 152 of 345). Neighborhood occupancy is stable and has improved in recent years, supporting income consistency for multifamily investors.
Daily needs are well covered: grocery access is dense and restaurants are plentiful (both among the highest concentrations locally), while parks and pharmacies rank in the upper decile nationally. Caf s and childcare options are less dense nearby, which may modestly influence certain household preferences.
Construction year averages in the neighborhood skew older (around 1970), so a 2012 build offers a relative edge versus much of the surrounding stock easing near-term capital needs and aiding leasing competitiveness. Home values in the area are elevated in the regional context, which tends to sustain renter reliance on multifamily housing and can support pricing power with careful lease management.
Within a 3-mile radius, population and household counts have grown and are projected to expand further, indicating a larger tenant base over time. The renter-occupied share in this radius is slightly above half, reinforcing depth of demand; household sizes are gradually trending smaller, which can support steady absorption of one- and two-bedroom product. These dynamics align with investor-focused commercial real estate analysis while remaining sensitive to affordability.
Safety context
Relative to other neighborhoods in the Fort Lauderdale-Pompano Beach-Sunrise metro, this area ranks in the lower tier for safety (crime rank 328 of 345), and its national safety standing is below average (low national percentile). Recent data also indicate a one-year uptick in both property and violent offense rates. Investors typically account for this by emphasizing on-site security measures, lighting, and resident screening, and by underwriting for potentially higher insurance and operating costs.
Comparatively, safety trends are one of the key underwriting considerations here; positioning and resident profile strategies can mitigate risk, but assumptions should reflect neighborhood-level dynamics rather than block-level projections.
Nearby employers provide a diversified white-collar and healthcare-oriented employment base that supports renter demand and commute convenience for residents, including AutoNation, Tenet Healthcare, Johnson & Johnson, Office Depot, and Ryder System.
- AutoNation auto retail & corporate services (0.72 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare services (14.59 miles)
- Johnson & Johnson pharmaceuticals & consumer health (18.30 miles)
- Office Depot office supplies & corporate services (18.90 miles) HQ
- Ryder System logistics & transportation (23.48 miles) HQ
Built in 2012, this 76-unit asset offers newer-vintage positioning against a neighborhood where much of the housing stock predates 1980, reducing near-term capital exposure while remaining competitive for renters. Neighborhood occupancy is solid and improved over the past five years, and the renter-occupied share is high locally indicating depth of tenant demand. Elevated home values in the area create a high-cost ownership market, which can sustain renter reliance on multifamily product. According to CRE market data from WDSuite, amenity access for daily needs is strong, which typically supports retention.
Within a 3-mile radius, population and households have grown, and projections point to further household expansion with smaller average household sizes a setup that can support ongoing absorption of mid-size units. While rent-to-income levels suggest some affordability pressure, disciplined lease management can balance occupancy stability and pricing. Investors should also account for neighborhood safety rankings and potential operating cost impacts when underwriting.
- Newer 2012 vintage versus older local stock helps competitiveness and moderates near-term capex
- Stable neighborhood occupancy and high renter-occupied share support demand depth
- Strong access to groceries, restaurants, parks, and pharmacies aids retention
- 3-mile radius shows population and household growth, expanding the tenant base over time
- Risks: below-average safety rankings and affordability pressure warrant conservative underwriting