| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 62nd | Good |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 395 SW 15th St, Pompano Beach, FL, 33060, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 1975 |
| Units | 20 |
| Transaction Date | 2023-11-01 |
| Transaction Price | $6,530,000 |
| Buyer | PINECREST POINTE RENTALS LLC |
| Seller | PINECREST POINTE LLC |
395 SW 15th St Pompano Beach 20-Unit Multifamily
Neighborhood occupancy trends sit around the metro median and a meaningful share of nearby housing is renter-occupied, supporting steady tenant demand according to WDSuite’s CRE market data.
Situated in Pompano Beach’s inner-suburban fabric, the neighborhood rates B and stands above the metro median overall (ranked 149 of 345 metro neighborhoods). Dining access is a relative strength: restaurant density places the area in the top quartile nationally, while grocery access also ranks competitively. By contrast, park and cafe density are limited in the immediate area, which may modestly affect lifestyle appeal.
Rent dynamics and occupancy are balanced. Neighborhood occupancy is near the metro midpoint, and median contract rents are positioned above national medians, signaling stable demand without outsized affordability pressure. The neighborhood’s renter concentration is around one-third of housing units, indicating a durable tenant base for multifamily operators.
Within a 3-mile radius, demographics point to a larger tenant pool over time: population and households expanded over the last five years and are projected to continue growing into 2028, with smaller average household sizes. This typically supports multifamily leasing depth and retention, especially for well-managed, mid-size properties.
Ownership costs in the neighborhood trend on the higher side relative to incomes (high national percentile for value-to-income), which tends to sustain rental reliance and pricing power for well-located assets. School ratings trail national medians, which investors should factor into positioning and marketing, but the area’s strong access to dining and daily-needs grocers helps underpin day-to-day livability.
Safety metrics for the neighborhood track below national medians (national percentiles indicate more crime than many U.S. neighborhoods). Recent-year estimates show increases in both violent and property offenses, so prudent operators often budget for lighting, access control, and community engagement to support resident comfort. Comparisons should be made against peer submarkets across the Fort Lauderdale-Pompano Beach-Sunrise metro for a like-for-like view.
Nearby corporate offices provide a diverse employment base that supports renter demand and commute convenience for workforce and professional tenants, including AutoNation, Tenet Healthcare, Office Depot, Johnson & Johnson, and Mosaic.
- AutoNation — automotive retail HQ offices (6.3 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (11.3 miles)
- Office Depot — office supplies corporate offices (13.3 miles) — HQ
- Johnson & Johnson — pharmaceuticals (23.6 miles)
- Mosaic — fertilizers (27.5 miles)
This 20-unit Pompano Beach asset benefits from neighborhood demand that is steady rather than cyclical: occupancy trends are roughly in line with the metro, a meaningful share of units nearby are renter-occupied, and daily-needs retail and dining access are competitive nationally. According to CRE market data from WDSuite, ownership costs trend elevated versus incomes locally, which typically reinforces reliance on multifamily housing and supports pricing power when paired with attentive lease management.
Within a 3-mile radius, recent population and household growth—and projections for further household gains alongside smaller average household sizes—point to a gradually expanding renter pool that can support leasing velocity and retention. Primary considerations include below-median school ratings, limited parks/cafes in the immediate area, and safety metrics that trend below national medians, all of which suggest the value of thoughtful property operations and resident experience investments.
- Balanced neighborhood occupancy and rents support income stability
- Expanding 3-mile renter pool underpins leasing depth and retention
- Elevated ownership costs locally sustain multifamily demand
- Proximity to diverse employers supports workforce and professional tenancy
- Risks: below-median safety and school ratings; limited parks/cafes nearby