| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 36th | Poor |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 130 NE 41st St, Oakland Park, FL, 33334, US |
| Region / Metro | Oakland Park |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2004-07-27 |
| Transaction Price | $7,552,100 |
| Buyer | 61-34 MADISON REAL ESTATE LLC |
| Seller | CROSBY MICHELLE L |
130 NE 41st St Oakland Park 20-Unit Multifamily
Neighborhood fundamentals point to steady renter demand and balanced pricing power, with occupancy stability supported by a majority of renter-occupied housing, according to WDSuite’s CRE market data.
Located in an inner-suburb setting of the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood ranks 83 out of 345 on overall performance — a top quartile position among metro neighborhoods. That standing reflects a mix of solid amenities, resilient occupancy, and a renter base that supports multifamily leasing.
Amenity access is a clear strength: restaurants, pharmacies, parks, cafes, and groceries place the area in the upper national percentiles, helping with day-to-day convenience and supporting leasing competitiveness versus many peer submarkets. This concentration of services typically translates to stickier tenancy and fewer frictions around commute-time errands.
Multifamily dynamics are supported by a renter-occupied share around a majority of housing units in the neighborhood, indicating depth in the tenant base. Neighborhood occupancy has trended up over the past five years, which can help stabilize cash flow through typical cycles. Median rents and incomes sit in mid-to-upper national percentiles, suggesting balanced affordability that can aid retention while still allowing for measured rent growth management.
For broader demand context, demographics within a 3-mile radius show households have grown even as average household size trends down. Looking ahead, WDSuite’s data projects additional increases in household counts over the next five years alongside smaller household sizes, which generally expands the renter pool and supports occupancy stability for well-maintained assets.
The property’s 1972 vintage is slightly older than the neighborhood’s average construction year. Investors should plan for selective capital improvements and value-add upgrades to sustain competitiveness against newer stock, particularly in unit interiors and building systems where modernization can drive rentability.
Safety indicators track below national averages, with the neighborhood’s crime profile positioned in a weaker national percentile. Within the Fort Lauderdale-Pompano Beach-Sunrise metro, the crime rank falls in the lower-performing cohort (rank 264 of 345), signaling that investors should budget for operational measures that support resident comfort and retention.
Recent trends are mixed: property-related offenses have declined year over year, an encouraging sign that conditions can improve with continued management attention and local enforcement. Violent-offense measures remain comparatively elevated versus national norms, so prudent practices — lighting, access controls, and responsive on-site management — are advisable to support leasing performance.
- AutoNation — corporate HQ/offices (3.95 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (12.05 miles)
- Office Depot — corporate HQ/offices (15.69 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (21.08 miles)
- Mosaic — industrial & materials offices (25.24 miles)
Nearby employers provide diverse white-collar and healthcare roles that reinforce commuter demand for rental housing. The list below highlights major names within a practical drive window that can support leasing and retention.
This 20-unit asset benefits from a renter-oriented neighborhood with strong amenity access and stable occupancy trends. The area’s position in the top quartile among 345 metro neighborhoods, combined with an ownership market characterized by elevated home values, supports durable multifamily demand and potential lease retention. Based on CRE market data from WDSuite, rent levels and income patterns point to manageable affordability pressure — a basis for measured revenue management rather than aggressive concessions.
Built in 1972, the property is slightly older than the neighborhood average. Targeted capital planning and interior modernization can position the asset competitively versus newer inventory while leveraging a growing household base within a 3-mile radius and projected increases in renter demand. Investors should pair value-add execution with operational attention to safety to maximize leasing depth and performance.
- Renter-occupied neighborhood with stable occupancy supports cash-flow consistency
- Strong amenity access (dining, groceries, pharmacies, parks) aids retention and leasing
- 1972 vintage offers value-add and systems-improvement upside for competitiveness
- Ownership costs in the area reinforce reliance on rentals, supporting demand
- Risk: Safety metrics track below national averages — plan for security and responsive management