| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 61st | Good |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 901 NE 18th Ct, Fort Lauderdale, FL, 33305, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1974 |
| Units | 27 |
| Transaction Date | 2009-05-01 |
| Transaction Price | $2,000,000 |
| Buyer | RIVERVIEW SOUTH APARTMENTS LLC |
| Seller | SPOREA ILIE |
901 NE 18th Ct Fort Lauderdale Multifamily Investment
Positioned in Fort Lauderdale’s urban core, this 27-unit asset benefits from steady renter demand and proximity to employment, according to WDSuite’s CRE market data. The neighborhood’s strengths in amenities and rising household counts support leasing durability and rent growth management.
The property sits within an Urban Core neighborhood rated B and ranked 146 out of 345 within the Fort Lauderdale–Pompano Beach–Sunrise metro, indicating performance that is competitive among metro peers. Neighborhood occupancy has trended up modestly over the past five years, though levels remain below national norms, suggesting operators should prioritize retention and leasing cadence.
Everyday convenience is a relative strength: restaurant density sits in the top quartile nationally, and park access is also top quartile. Childcare availability is notably strong (top decile nationally), while café and pharmacy density are limited in the immediate area. These dynamics favor practicality for residents while leaving room for continued retail and service infill over time.
Within a 3-mile radius, population has expanded and households have grown further, pointing to a larger tenant base and continued renter pool expansion. Average household size is edging lower, which can support demand for smaller-format apartments and efficient floor plans. Median household incomes in the 3-mile area have risen meaningfully, providing support for rent levels without overextending typical rent-to-income thresholds.
Ownership remains a high-cost proposition locally: neighborhood home values are in the upper quartile nationally and the value-to-income ratio is elevated. In investor terms, a high-cost ownership market tends to reinforce reliance on multifamily housing, supporting lease retention and pricing power when paired with disciplined affordability management.
Tenure patterns show depth for rentals: the neighborhood’s share of renter-occupied housing units ranks in the 83rd percentile nationally, indicating a broad multifamily demand base. While neighborhood occupancy rates are below the national median, steady household growth and strong local amenities can help support leasing velocity with thoughtful asset positioning, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed and warrant prudent asset management. Relative to neighborhoods nationwide, this area falls below average on safety (around the lower quintiles nationally). Within the Fort Lauderdale–Pompano Beach–Sunrise metro, crime ranks in the lower tier among 345 neighborhoods, signaling that investors may want to underwrite for enhanced lighting, access control, and active property management to support resident confidence.
Year-over-year estimates indicate recent upticks in both property and violent offenses. Framed comparatively, these signals suggest closer monitoring of trends and coordination with local resources. For underwriting, consider practical mitigants such as security upgrades, resident engagement, and partnerships with neighborhood watch or patrol programs to help sustain leasing and retention.
Proximity to major employers underpins renter demand and commute convenience, with a concentration of corporate offices spanning automotive retail, healthcare administration, and consumer goods. The list below highlights nearby anchors most relevant to workforce housing dynamics in this submarket.
- AutoNation — automotive retail HQ (2.3 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (13.8 miles)
- Office Depot — office supplies HQ (17.4 miles) — HQ
- Johnson & Johnson — consumer health offices (19.9 miles)
- Mosaic — agriculture & chemicals offices (23.5 miles)
This 27-unit property in Fort Lauderdale’s urban core is positioned to capture demand supported by a growing 3-mile household base and an elevated renter-occupied housing share at the neighborhood level. Elevated home values and a higher value-to-income environment reinforce reliance on multifamily, while strong access to restaurants, parks, and nearby corporate employers supports tenant retention. According to CRE market data from WDSuite, neighborhood occupancy has improved modestly over five years but remains below national norms, arguing for conservative lease-up assumptions and active resident services.
Operationally, the submarket’s practical amenity mix and high-cost ownership landscape can sustain rent levels with careful affordability management. Smaller-format units can appeal to singles and downsizing renters as household sizes edge lower in the 3-mile radius, supporting steady absorption when paired with disciplined revenue management and targeted capital upgrades.
- Renter demand depth: neighborhood renter-occupied share is high versus national peers, supporting a broad tenant base.
- Location fundamentals: top-quartile restaurant and park access with proximity to major employers aids retention.
- Demand drivers: 3-mile household growth and decreasing household size support leasing for efficient unit layouts.
- Pricing power context: high-cost ownership market can sustain multifamily demand with thoughtful affordability management.
- Risks: below-national safety profile and sub-median neighborhood occupancy favor conservative underwriting and active property management.