| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 27th | Poor |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2001 Georgia Ave, Fort Pierce, FL, 34950, US |
| Region / Metro | Fort Pierce |
| Year of Construction | 1985 |
| Units | 27 |
| Transaction Date | 2012-06-01 |
| Transaction Price | $880,000 |
| Buyer | GEORGIA/HAVANA LLC |
| Seller | GEORGIA KING LLC |
2001 Georgia Ave, Fort Pierce Multifamily Investment
Neighborhood occupancy trends hover in the low-90% range with a majority of units renter-occupied, indicating a durable tenant base according to WDSuite s CRE market data. Positioning and lease management matter here, with steady renter demand balanced by price sensitivity.
This Inner Suburb pocket of Fort Pierce rates a B and sits above the metro median (44 of 104 neighborhoods) for overall fundamentals, based on WDSuite s CRE market data. The housing stock skews renter-occupied, supporting depth for multifamily leasing and renewals. The property s 1985 vintage is newer than the neighborhood s average construction year (1978), offering a modest competitive edge versus older product while still warranting selective modernization as systems age.
Local amenity access is a relative strength: restaurants, pharmacies, and parks rank in the stronger tiers across the metro (e.g., parks around the top quartile among 104 neighborhoods), while cafes are comparatively sparse. Grocery access is mid-pack for the region. These dynamics support day-to-day livability that can aid retention, even if coffeehouse density is limited.
Within a 3-mile radius, households increased about 9 % over five years and are projected to expand further, pointing to a larger tenant base and potential renter pool expansion. Median household income has climbed while average household size is trending smaller, indicating changing household composition that often supports demand for efficient units.
Ownership costs are relatively lower versus national benchmarks (home values track in the lower national percentiles), which can introduce some competition from entry-level ownership. At the same time, neighborhood rent-to-income ratios are elevated, suggesting affordability pressure that calls for disciplined pricing and renewal strategies. Together, these forces imply steady demand with measured pricing power rather than outsized rent growth.
Safety indicators are mixed. The neighborhood s crime rank sits in the lower half of the Port St. Lucie metro (33 out of 104 neighborhoods), and its national safety positioning is below the midpoint. Property offense measures track in weaker national percentiles, signaling the need for practical on-site security measures and lighting.
A notable positive is trend direction: violent offense estimates show a sharp year-over-year decline, placing the neighborhood among the stronger improvers nationally. Investors should monitor whether this improvement persists while underwriting to current conditions rather than best-case scenarios.
Regional employment access is anchored by logistics and energy, supporting workforce housing demand and commute convenience for residents tied to these sectors.
- CVS Distribution Center logistics & distribution (18.2 miles)
- NextEra Energy energy & utilities (43.6 miles) HQ
For a 27-unit asset with efficient average layouts, this location offers steady renter demand supported by a majority renter-occupied housing base and occupancy trends in the low-90% range. According to CRE market data from WDSuite, the neighborhood sits above the metro median, while amenity access (restaurants, parks, pharmacies) is a relative strength that can aid retention. The 1985 vintage is somewhat newer than local averages, suggesting competitive positioning versus older stock, though targeted updates may be prudent.
Demand fundamentals are reinforced by 3-mile household growth and projections for further expansion, but underwriting should account for affordability pressure and comparatively accessible ownership options that may temper pricing power. The net read is a workforce-oriented, needs-based renter pool with stable occupancy potential and value-add levers through common-area and systems upgrades.
- Majority renter-occupied neighborhood supports depth of tenant demand and renewal stability
- Above-median neighborhood standing with solid amenity access aids leasing and retention
- 1985 vintage offers competitive positioning versus older stock with scope for targeted modernization
- 3-mile household growth and projected expansion point to a growing renter pool
- Risks: elevated rent-to-income ratios and relatively accessible ownership may constrain pricing power; maintain disciplined lease and renewal strategies