| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 38th | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 NW 34th St, Pompano Beach, FL, 33064, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 1973 |
| Units | 48 |
| Transaction Date | 2015-11-06 |
| Transaction Price | $341,600 |
| Buyer | CMIF PALM ISLAND LLC |
| Seller | SAMPLE APTS LLC |
400 NW 34th St Pompano Beach Multifamily Investment
High renter concentration in the surrounding neighborhood supports depth of tenant demand, while occupancy has held near metro norms according to WDSuite s CRE market data. With an established 48-unit footprint, the asset s performance will track neighborhood stability and targeted operational execution.
Situated in Pompano Beach s inner suburban fabric, the property benefits from a renter-oriented neighborhood profile: renter-occupied housing is among the highest shares nationally, indicating a deep local tenant base for multifamily. Neighborhood occupancy trends sit around the metro median (ranked 210 of 345 metro neighborhoods), signaling generally steady leasing conditions that hinge on property-level management and positioning.
Amenity access is mixed. Restaurants are plentiful (top quartile nationally), while childcare density is also strong (top quartile nationally). By contrast, day-to-day conveniences like grocery, parks, and pharmacies are thinner within the immediate neighborhood relative to metro peers, which can modestly influence resident satisfaction and transportation patterns. These dynamics suggest demand driven more by housing need and commute proximity than by premium walkable retail. For investors conducting multifamily property research, this underscores the value of practical on-site amenities that improve resident stickiness.
The property s 1973 vintage is slightly older than the neighborhood average construction year. That age profile typically points to capital planning for systems, exterior improvements, and unit renovations but also opens value-add potential to outperform older competing inventory when upgrades are executed thoughtfully.
Within a 3-mile radius, demographics point to a gradually expanding renter pool: population and households have grown over the past five years, with households increasing at a faster clip than population, implying smaller average household sizes and more housing demand per capita. Forward-looking projections indicate further gains in households by 2028, which supports occupancy stability and lease-up prospects for well-positioned workforce units.
Ownership costs in the neighborhood are relatively accessible compared with many South Florida submarkets, yet rent-to-income ratios indicate some affordability pressure for renters. For investors, this combination suggests careful rent management and amenity-driven retention strategies can help balance pricing power with renewal stability.
Safety indicators for the neighborhood are below national medians (35th percentile nationwide) and below the metro median (ranked 231 of 345 metro neighborhoods). That said, recent trends show property crime moving lower year over year, an encouraging sign for operators focused on resident experience and retention.
Investors should underwrite to current neighborhood conditions, prioritize lighting, access control, and community engagement, and monitor ongoing trend data. Comparative safety can vary block to block, so property-level measures often play an outsized role in resident confidence and leasing performance.
Proximity to regional employers supports a stable renter base, with a mix of corporate headquarters and healthcare offices within a commutable radius. The nearby employment nodes listed below can reinforce leasing and renewals through commute convenience.
- Office Depot corporate HQ (9.1 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare administration (9.6 miles)
- AutoNation corporate HQ (10.5 miles) HQ
- Johnson & Johnson corporate offices (27.4 miles)
- Siegel Financial Group Northwestern Mutual financial services offices (30.6 miles)
A 48-unit, 1973-vintage asset in a renter-heavy inner suburban neighborhood, 400 NW 34th St aligns with workforce demand fundamentals. Neighborhood occupancy trends are around the metro median, and renter-occupied housing is among the highest shares nationally, pointing to a deep tenant base. According to CRE market data from WDSuite, dining and childcare access are competitive while grocery and park access are thinner, suggesting on-site amenities and pragmatic upgrades can bolster retention.
Demographics within a 3-mile radius show population and households growing historically, with forecasts calling for further household gains by 2028 a setup that supports sustained renter demand and occupancy stability. With systems and interiors approaching age-related reinvestment cycles, targeted value-add and capital improvements can enhance competitive positioning against older stock while maintaining attention to affordability to support renewals.
- Renter-heavy neighborhood supports a deep tenant base and steady leasing pipeline.
- Median-like neighborhood occupancy with upside from focused operations and renovations.
- 1973 vintage offers clear value-add pathways through systems, exterior, and interior updates.
- 3-mile household growth outlook to 2028 supports demand and rent durability.
- Risks: affordability pressure, below-median neighborhood safety, and thinner grocery/park access warrant conservative underwriting and active asset management.