| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 68th | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 607 NE 29th Dr, Wilton Manors, FL, 33334, US |
| Region / Metro | Wilton Manors |
| Year of Construction | 1973 |
| Units | 22 |
| Transaction Date | 2011-12-19 |
| Transaction Price | $2,175,000 |
| Buyer | MANORS DEVELOPMENT LLC |
| Seller | RAM WILTON LLC |
607 NE 29th Dr Wilton Manors Multifamily Investment
Neighborhood occupancy is steady and renter demand is supported by a high-cost ownership market in Broward County, according to WDSuite’s CRE market data. Proximity to daily needs and employment centers underpins durable leasing fundamentals for this Wilton Manors address.
Situated in an inner-suburb setting of the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood posts a B+ rating and performs above the metro median on several renter-relevant factors. Grocery access is a clear strength—ranked 36 out of 345 metro neighborhoods (above metro median and competitive), and in the top tier nationally by density—while restaurants also rank competitive among 345 metro neighborhoods. By contrast, cafe and park density are limited, so day-to-day convenience favors essentials over lifestyle amenities.
The local housing context skews ownership, with the neighborhood’s share of renter-occupied units around one-third. For investors, that indicates a defined but not saturated tenant base, with demand supported by elevated home values and a high value-to-income ratio relative to the metro. Combined with a rent-to-income ratio near the lower end of national readings, this mix can aid lease retention and reduce turnover risk.
Demographic statistics aggregated within a 3-mile radius show modest recent population growth and a projected increase through 2028, alongside a notable rise in household counts and smaller average household sizes. This points to a gradually expanding renter pool and sustained absorption potential for well-managed units. Household incomes are trending higher in the same 3-mile area, supporting capacity for market-level rents.
On operating metrics, neighborhood occupancy has improved in recent years and sits near the national middle, per commercial real estate analysis from WDSuite. Relative affordability for renters compared with the cost of ownership in this submarket supports ongoing demand, though competition from nearby submarkets with broader amenity sets should be considered in pricing and renovation plans.
Safety indicators for the neighborhood track near the national middle overall, with results that are below the metro average among 345 Fort Lauderdale-Pompano Beach-Sunrise neighborhoods. Recent data point to a modest uptick in both property and violent offenses, suggesting investors should underwrite for practical security measures and lighting, and emphasize professional management to support resident confidence.
In comparative terms, the area is not among the top quartile for safety nationally, but it is also not among the weakest cohorts. Monitoring trend direction and coordinating with local resources can help maintain leasing stability and protect common areas without overcapitalizing.
The address sits within commuting reach of corporate employers that support a diversified renter base, including automotive retail, healthcare services, office supplies, pharmaceuticals, and logistics—drivers that can aid retention through steady white- and gray-collar employment.
- AutoNation — automotive retail (3.0 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (13.1 miles)
- Office Depot — office supplies (16.6 miles) — HQ
- Johnson & Johnson — healthcare/pharma (20.5 miles)
- Ryder System — logistics (25.5 miles) — HQ
This 22-unit Wilton Manors asset benefits from neighborhood fundamentals that support steady occupancy: ownership-skewed housing that reinforces renter demand, strong access to daily needs (notably groceries), and proximity to diversified employment nodes. Elevated home values in the neighborhood point to a high-cost ownership market, which can sustain renter reliance on multifamily housing while a relatively modest rent-to-income profile supports retention.
Within a 3-mile radius, recent and projected gains in households—alongside smaller household sizes—suggest a gradually expanding tenant base. According to CRE market data from WDSuite, neighborhood occupancy trends have improved toward the national middle, aligning with an investment case focused on durable cash flow and targeted value-add where returns justify capital. Investors should account for amenity competition across nearby submarkets and incorporate pragmatic security and property management to support leasing.
- Ownership-skewed neighborhood and elevated home values support multifamily demand durability
- Grocery access ranks strong in the metro, aiding day-to-day livability and retention
- 3-mile household growth and smaller household sizes expand the renter pool over time
- Occupancy trending toward national middle underpins stable cash flow potential
- Risks: limited cafe/park density and mixed safety trends require thoughtful amenity and management plans