| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 10th | Poor |
| Amenities | 29th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 532 SW 2nd St, Pompano Beach, FL, 33060, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | $525,000 |
| Buyer | CAIRA BENEDETTO C |
| Seller | RICHTER CRISTINA |
532 SW 2nd St, Pompano Beach Multifamily Investment
Neighborhood renter demand is notably deep, supporting a 20-unit asset’s leasing prospects, according to WDSuite’s CRE market data. Focus is on steady absorption potential rather than premium rent positioning.
Located in an inner-suburb pocket of Pompano Beach within the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood shows an elevated renter-occupied share at the neighborhood level, indicating a sizable tenant base for multifamily operators. While neighborhood occupancy trends sit below the metro median, leasing has remained generally stable, and commercial real estate analysis points to durable workforce housing demand rather than top-of-market positioning.
Amenities skew practical rather than lifestyle-oriented. Grocery access is a relative strength (around the 89th percentile nationally), and restaurant density is also competitive (roughly the low-80s percentile). By contrast, parks, cafés, childcare, and pharmacies are sparse within the immediate neighborhood footprint, which may temper lifestyle appeal but reinforces the area’s value orientation.
Tenure dynamics vary by geography. At the neighborhood level, renter-occupied housing concentration is among the highest in the metro (ranking near the top among 345 metro neighborhoods), signaling depth for multifamily leasing. Within a 3-mile radius, renters also represent a substantial share of households, supporting ongoing demand and providing a broad pipeline of prospects for mid-market product.
Demographic indicators aggregated within a 3-mile radius show modest population growth in recent years and a larger increase in household counts, with projections pointing to further population expansion and faster household growth over the next five years. This pattern typically reflects smaller household sizes and a broadened renter pool, which can support occupancy stability and consistent leasing velocity for well-managed assets.
Relative to neighborhoods nationwide, the area benchmarks below average for safety (violent offense metrics track in the lower national percentiles), and within the Fort Lauderdale-Pompano Beach-Sunrise metro it sits below the median compared with 345 neighborhoods. That said, property offenses have moved in a favorable direction recently, with an estimated year-over-year decline of about 10%, suggesting gradual improvement from a high level.
Investors should plan for standard community-safety measures and attentive property management. Framing risk comparatively—below metro average today but showing recent property-crime improvement—can help calibrate underwriting assumptions and operating plans without overreliance on block-level precision.
Proximity to major employers across automotive retail, healthcare, and corporate services supports commuter convenience and a broad renter pipeline. Nearby anchors include AutoNation, Tenet Healthcare, Office Depot, Johnson & Johnson, and Mosaic.
- AutoNation — automotive retail (7.5 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (10.4 miles)
- Office Depot — office supplies (12.1 miles) — HQ
- Johnson & Johnson — pharmaceuticals (24.6 miles)
- Mosaic — industrials & materials (28.8 miles)
This 20-unit asset is positioned in a neighborhood with one of the metro’s highest renter-occupied shares, pointing to durable depth for workforce-oriented leasing. Grocery and restaurant access is comparatively strong, while limited parks and café/childcare options signal a value-focused renter profile. According to CRE market data from WDSuite, neighborhood occupancy trends are below the metro median but broadly steady, aligning with an attainable-rent strategy rather than premium positioning.
Within a 3-mile radius, recent population growth and a larger increase in household counts—paired with projected gains over the next five years—indicate a gradually expanding renter pool. Nearby corporate anchors across healthcare and corporate services support commute convenience and leasing retention. Key risks include affordability pressure at the neighborhood level and safety that benchmarks below metro averages, both of which warrant conservative underwriting and proactive management.
- High neighborhood renter concentration supports tenant depth and leasing velocity
- 3-mile population and household growth point to a broader renter pool
- Practical amenity mix (strong grocery and dining access) suits workforce housing demand
- Proximity to major employers underpins commute convenience and retention
- Risks: below-metro safety benchmarks and affordability pressure call for diligent operations