| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 27th | Poor |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1901 S 26th St, Fort Pierce, FL, 34947, US |
| Region / Metro | Fort Pierce |
| Year of Construction | 1990 |
| Units | 42 |
| Transaction Date | 2001-11-30 |
| Transaction Price | $1,600,000 |
| Buyer | P D K INC |
| Seller | PDT INVESTMENTS LLC |
1901 S 26th St, Fort Pierce Multifamily Investment
Stabilized renter demand with a majority renter-occupied housing base and occupancy competitive within the Port St. Lucie metro, according to WDSuite’s CRE market data. The asset’s 1990 vintage is newer than much of the local stock, supporting relative leasing competitiveness while leaving room for targeted upgrades.
This Inner Suburb location balances everyday convenience with steady renter demand. Neighborhood occupancy is competitive among Port St. Lucie neighborhoods (ranked 39 out of 104), placing it around the national midpoint and supporting income stability for well-managed assets. The share of housing units that are renter-occupied is high (ranked 4 out of 104), indicating a deep tenant base and durable demand for multifamily product.
Amenity access favors daily needs and outdoor space: parks, pharmacies, and restaurants sit above national averages, while cafe density is limited. Average school ratings in the area trail national norms, which may temper family-driven leasing compared with higher-rated submarkets, but workforce-oriented demand should remain intact given the strong renter-occupied concentration.
Within a 3-mile radius, WDSuite data shows recent population growth with further gains projected, alongside an increase in total households and a smaller average household size over the next five years. These trends point to a larger tenant base and more renters entering the market, which can support occupancy stability and leasing velocity for practical unit mixes.
Home values remain relatively accessible compared with many U.S. neighborhoods, which can introduce some competition from entry-level ownership. At the same time, rent-to-income levels suggest pockets of affordability pressure, so operators should emphasize resident retention and measured rent setting to sustain pricing power without elevating turnover risk. The asset’s 1990 construction—newer than the neighborhood average year of 1978—offers a competitive edge versus older stock, while still warranting capital planning for aging systems and selective modernization to capture value-add upside.
Neighborhood safety indicators are mixed. Overall crime levels track below the national midpoint, but not in the top tier locally, suggesting investors should underwrite routine security and lighting improvements rather than premium risk premia. Violent offense rates have improved materially year over year, a constructive trend for perception and leasing, while property-related offenses remain elevated versus national benchmarks and merit standard loss-prevention measures.
Regional employment anchors within commuting range support workforce housing demand, with distribution and corporate utility presence contributing to a diversified renter pool.
- CVS Distribution Center — distribution & logistics (18.5 miles)
- NextEra Energy — corporate utility offices (43.1 miles) — HQ
The investment case centers on durable renter demand, competitive neighborhood occupancy, and a tenant base skewed toward renter-occupied housing. Based on commercial real estate analysis from WDSuite, the neighborhood performs near the national midpoint for occupancy with a renter concentration near the top of the metro, supporting stable leasing for well-positioned assets. The 1990 vintage is newer than much of the surrounding stock, creating room for targeted renovations to enhance rent realization without assuming full repositioning risk.
Forward-looking 3-mile demographics point to population growth, more households, and smaller average household size over the next five years—conditions that generally expand the renter pool and support occupancy stability. Operators should balance this demand backdrop with prudent lease management, acknowledging affordability pressure signals and the area’s average school ratings when calibrating marketing and renewal strategies.
- Competitive neighborhood occupancy and a deep renter-occupied housing base support stable leasing
- 1990 construction is newer than local averages, enabling selective value-add without full reposition
- 3-mile radius shows population and household growth, expanding the tenant base and supporting occupancy
- Amenity access favors daily needs; restaurants, parks, and pharmacies sit above national norms
- Risks: affordability pressure and average school ratings require careful rent setting and retention tactics