| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 65th | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 325 SE 10th Ave, Pompano Beach, FL, 33060, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 1973 |
| Units | 30 |
| Transaction Date | 2013-02-12 |
| Transaction Price | $4,700,000 |
| Buyer | LAUD FLATS II LLC |
| Seller | NINJA PARTNERS LLC |
325 SE 10th Ave Pompano Beach Multifamily Investment
Neighborhood renter demand is supported by about half of housing units being renter-occupied and occupancy that has trended upward, according to WDSuite’s CRE market data. This inner-suburb location offers service-focused amenities and steady leasing fundamentals that can underpin income stability.
The property sits in an Inner Suburb of Pompano Beach that is competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods (ranked 116 of 345 for amenities). Local convenience is driven by strong access to daily-needs retail: grocery and pharmacy density score well versus national peers, while restaurants are in the top percentiles nationally. Parks and cafes are comparatively limited in the immediate neighborhood.
Rents and occupancy at the neighborhood level indicate stable leasing conditions. Occupancy is in the mid-80s and has improved over the past five years, signaling resilient demand through cycles. Median contract rents sit above national midpoints, reflecting coastal South Florida dynamics without reaching the priciest tier of the metro, based on CRE market data from WDSuite.
Tenure patterns show a renter-occupied housing share near one-half, providing depth to the tenant base and supporting ongoing absorption for small and mid-size multifamily assets. Compared with the broader metro, this places the area above the metro median for renter concentration, which can aid retention and limit downtime between turns.
Within a 3-mile radius, demographics show population growth over the last five years and a projected expansion in both population and households over the next five, pointing to a larger tenant base ahead. Household sizes are edging smaller, which can support demand for 1–2 bedroom units. Elevated home values relative to incomes place the area in a high-cost ownership market (nationally high value-to-income percentile), which tends to sustain reliance on rental housing and can support pricing power when managed alongside rent-to-income levels around the national average.
Safety indicators for the neighborhood sit below the national midpoint, with crime metrics less favorable than many U.S. neighborhoods. Relative to the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood falls below the metro median for safety. However, violent offense rates have been trending downward year over year, an encouraging directional signal to monitor alongside property-level security and lighting strategies.
Nearby employers include automotive retail, healthcare, office supplies, pharmaceuticals, and chemicals, supporting a diverse workforce renter base and commute convenience for residents.
- AutoNation — automotive retail (7.7 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (11.5 miles)
- Office Depot — office supplies (12.1 miles) — HQ
- Johnson & Johnson — pharmaceuticals (25.1 miles)
- Mosaic — chemicals (28.7 miles)
This 30-unit asset benefits from neighborhood-level fundamentals that support steady cash flow: improving occupancy, a renter concentration near half of housing units, and a 3-mile trade area that is growing and projected to expand further. Elevated ownership costs in the area help sustain multifamily demand, while rent-to-income levels around national norms suggest room for disciplined pricing without overextending retention risk. According to CRE market data from WDSuite, the neighborhood’s service-oriented amenity mix and resilient demand profile compare favorably to national baselines.
Key considerations include below-median safety metrics within the metro and limited proximity to parks and cafés, which place a premium on property-level improvements and resident experience programming. For investors, the combination of durable workforce demand, diversified nearby employers, and steady rental fundamentals frames a pragmatic, long-term hold or light value-add strategy.
- Neighborhood occupancy has trended upward, supporting income stability
- Renter-occupied share near half provides depth to the tenant base
- High-cost ownership market supports sustained multifamily demand and pricing power
- 3-mile population and household growth point to a larger future renter pool
- Risk: below-median safety and limited parks/cafés require thoughtful asset management