| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 85th | Best |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2131 NE 36th St, Pompano Beach, FL, 33064, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 1978 |
| Units | 22 |
| Transaction Date | 2008-06-25 |
| Transaction Price | $2,500,000 |
| Buyer | BRIGHTEN BEACH PROPERTIES LLC |
| Seller | DARJAN ESTATES LLC |
2131 NE 36th St Pompano Beach Multifamily Value-Add
Neighborhood fundamentals point to steady renter demand supported by a high-cost ownership market and rising household incomes, according to WDSuite’s CRE market data. Focus is on income durability and selective upgrades to enhance competitiveness rather than relying on outsized rent growth.
Positioned in Pompano Beach’s inner-suburban fabric, the neighborhood is rated A- and ranks 76 out of 345 within the Fort Lauderdale–Pompano Beach–Sunrise metro, placing it in the top quartile locally. That relative standing is reinforced by strong grocery and restaurant access (nationally above the 80th percentile), while parks and childcare density also track above national norms. Cafe and pharmacy density are thinner, which suggests residents rely more on neighborhood staples than boutique retail.
Home values in the area are elevated relative to incomes (high national percentile for value-to-income ratio), which typically sustains reliance on rental housing and supports pricing power and retention. Neighborhood rent-to-income levels sit near the national middle, framing manageable affordability pressure for lease management rather than a constraint on demand.
The property’s 1978 vintage is newer than the neighborhood’s average construction year, indicating competitive positioning versus older stock. Investors should still underwrite for system modernization and targeted common-area updates, which can create value-add upside without a full repositioning.
Within a 3-mile radius, WDSuite data indicates population and household counts have been growing, with projections calling for further increases and a gradual reduction in household size. This dynamic generally expands the renter pool and supports occupancy stability for well-managed assets. Around 40% of housing units within this radius are renter-occupied, suggesting a sizable tenant base for multifamily leasing and renewals.
Neighborhood occupancy is reported at the neighborhood level, not the property, and has improved over the past five years. While the current level remains moderate, the trend favors stabilization as household gains continue and the area’s amenity base remains above the metro median.
Safety indicators for the neighborhood are mixed. Compared with neighborhoods nationwide, the area sits below the national median for safety (crime percentile in the mid-30s), and its metro rank is 221 out of 345, indicating it trails the metro average. Recent year-over-year changes show upticks in both property and violent offense estimates, which warrants routine monitoring and proactive security measures typical for South Florida workforce housing.
Investors should interpret these figures as neighborhood-level context rather than property-specific conditions. Practical mitigants commonly include lighting, access control, and tenant screening to support retention and day-to-day operations. Continued amenity strength and population growth in the broader area may help counterbalance these risks over time.
Nearby corporate offices provide a diversified employment base that supports leasing velocity and retention, particularly for workforce and professional tenants. Key employers within a commutable radius include Office Depot, AutoNation, Tenet Healthcare, and Johnson & Johnson.
- Office Depot — retail HQ (9.0 miles) — HQ
- AutoNation — automotive retail (11.2 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare management (11.7 miles)
- Johnson & Johnson — pharma & medical products (28.6 miles)
This 22-unit 1978 multifamily asset benefits from an inner-suburban location that ranks in the top quartile among 345 metro neighborhoods, with strong access to daily-needs amenities. Elevated home values relative to income point to a high-cost ownership market that tends to sustain renter reliance on multifamily. Neighborhood rent-to-income sits near the national middle, supporting tenant retention and measured pricing power rather than aggressive rent pushes.
According to CRE market data from WDSuite, household and population growth within 3 miles are expected to continue while average household size trends lower — generally expanding the renter pool and supporting occupancy stability. The 1978 vintage is newer than the neighborhood average, suggesting competitive positioning versus older stock; targeted capex for building systems and common areas can further enhance leasing outcomes. Key risks include neighborhood safety metrics that trail metro averages and thinner cafe/pharmacy density, which should be addressed through operations and underwriting.
- Inner-suburban A- neighborhood; top-quartile rank among 345 metro neighborhoods supports long-term demand
- High-cost ownership market reinforces renter reliance and supports retention-focused pricing
- 1978 vintage newer than local average; targeted system and common-area upgrades offer value-add upside
- 3-mile growth and smaller households expand the renter pool, aiding occupancy stability
- Risks: neighborhood safety below metro average and thinner cafe/pharmacy density; mitigate via operations and underwriting