| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 29th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 NW 8th Ave, Hallandale Beach, FL, 33009, US |
| Region / Metro | Hallandale Beach |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
201 NW 8th Ave Hallandale Beach Multifamily Investment
The surrounding neighborhood shows a high share of renter-occupied housing and gradually improving occupancy, supporting durable tenant demand, according to WDSuite’s CRE market data. Insights reflect neighborhood conditions rather than property-level operations.
Hallandale Beach’s inner-suburban location offers strong daily-life convenience. Neighborhood amenity access is a clear strength, with restaurants, parks, pharmacies, cafes, and childcare density performing in the top quartile nationally, which tends to aid leasing velocity and resident retention for workforce-oriented multifamily.
At the neighborhood level, occupancy trends have improved over the past few years but sit below the metro median, suggesting steady demand with some competitive pressure on pricing. The renter-occupied housing share is high, indicating a deep local tenant base that can support stabilized operations across cycles.
Within a 3-mile radius, demographics show modest population growth alongside a larger increase in household counts and a gradual decline in average household size. This points to a widening renter pool and more one- to two-person households entering the market—factors that typically support occupancy stability and absorption. Median contract rents in the area have risen meaningfully over five years, while the neighborhood’s rent-to-income dynamics signal some affordability pressure, which investors should manage through thoughtful lease renewal and amenity positioning.
The asset’s 2002 vintage is newer than much of the surrounding housing stock (which skews toward the 1970s), offering a relative competitive edge versus older properties. That said, investors should still plan for systems updates and targeted common-area refreshes to remain competitive against newer deliveries in the broader Fort Lauderdale-Pompano Beach-Sunrise metro.
Neighborhood-level safety indicators compare favorably, with overall crime conditions benchmarking in the top quartile nationally and outperforming many Fort Lauderdale-area neighborhoods. Recent data also shows a material year-over-year decline in both property and violent offense estimates, pointing to an improving trend rather than a one-year anomaly.
These are neighborhood-scale metrics and may vary by block and over time. Investors should align on-site security, lighting, and resident engagement with current conditions and monitor city reporting for ongoing trend confirmation.
- AutoNation — automotive retail (9.1 miles) — HQ
- Johnson & Johnson — healthcare products (10.4 miles)
- Mosaic — chemicals & fertilizers (12.4 miles)
- Ryder System — logistics & transportation (16.3 miles) — HQ
- World Fuel Services — energy services (17.3 miles) — HQ
The area benefits from access to major corporate employers that support renter demand through diverse office and services employment within commutable distances. The list below highlights nearby anchors relevant to workforce housing and retention.
201 NW 8th Ave sits in a convenience-rich Hallandale Beach neighborhood where amenity density ranks among the metro’s stronger clusters, supporting leasing and retention. According to commercial real estate analysis from WDSuite, neighborhood occupancy has improved in recent years though remains below the metro median, indicating steady demand but a need for competitive positioning on finishes and management. A high share of renter-occupied housing underpins a broad tenant base, while rising household counts within a 3-mile radius point to ongoing renter pool expansion.
Built in 2002, the property is newer than much of the surrounding stock, offering relative appeal versus older comparables; however, investors should anticipate periodic systems updates and selective value-add to sustain pricing power. Local rent-to-income dynamics indicate elevated affordability pressure, which favors disciplined lease management and amenity calibration rather than aggressive rent step-ups.
- Amenity-rich inner suburb with top-quartile access to daily needs, aiding leasing and retention.
- High neighborhood renter concentration supports depth of demand across cycles.
- 2002 vintage offers competitive positioning versus older stock; targeted updates can enhance NOI.
- Neighborhood occupancy improving but below metro median—emphasize management and positioning to capture demand.
- Risk: Elevated rent-to-income ratios suggest affordability pressure; prioritize renewal strategy and resident experience.