| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 32nd | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2401 S 25th St, Fort Pierce, FL, 34981, US |
| Region / Metro | Fort Pierce |
| Year of Construction | 1981 |
| Units | 70 |
| Transaction Date | 2009-06-30 |
| Transaction Price | $1,600,000 |
| Buyer | PINES VILLAGE LLC |
| Seller | DEEP REALESTATE INC |
2401 S 25th St Fort Pierce Multifamily Investment
Neighborhood fundamentals point to steady renter demand with a moderate renter-occupied share and improving leasing momentum, according to WDSuite’s CRE market data from ongoing commercial real estate analysis.
Located in Fort Pierce’s inner-suburban fabric of the Port St. Lucie metro, the area surrounding 2401 S 25th St carries a B+ neighborhood rating and is competitive among Port St. Lucie neighborhoods (36 out of 104). Amenity access is serviceable, with grocery and pharmacy options comparatively stronger in the metro context, while park access is limited. For investors, this mix supports daily convenience for residents but suggests on-site green space or nearby recreation alternatives could aid retention.
At the neighborhood level, occupancy has trended upward over the last several years, supporting a case for stable operations. Renter concentration is moderate, indicating a balanced tenant base that can help sustain leasing depth without overreliance on transient demand. Median contract rents track slightly above national norms, while the rent-to-income profile indicates manageable affordability pressure — conditions that can support renewal rates and disciplined pricing management, based on CRE market data from WDSuite.
Within a 3-mile radius, population and households have expanded in recent years, with further growth projected alongside smaller average household sizes. This points to a larger tenant base and potential demand for efficient floor plans — a relevant fit given the property’s average unit size around 540 square feet. Household income trends in the radius have also advanced, which can underpin collections and broaden the pool of qualified renters.
Relative to ownership, local home values sit in a higher national percentile, signaling a high-cost ownership market for many households. That dynamic tends to reinforce renter reliance on multifamily housing, supporting occupancy stability and lease retention. Regional amenity metrics show grocery and daily-needs access are competitive among the 104 metro neighborhoods, while café and restaurant density sits closer to the metro middle — a neutral factor for lifestyle appeal.
Safety indicators for the neighborhood are mixed. Compared with other Port St. Lucie neighborhoods (104 total), the area sits below the metro median on several measures, and national comparisons place the neighborhood below mid-range percentiles. However, recent trends show a meaningful year-over-year improvement in violent offense rates, indicating momentum in the right direction. Investors should underwrite conservative security and lighting plans and consider community-building programming to support resident experience.
- CVS Distribution Center — distribution and logistics (18.9 miles)
- NextEra Energy — corporate utility operations (42.8 miles) — HQ
The broader employment base includes distribution and corporate utility operations that can support workforce housing demand and commute convenience for residents in this submarket.
Built in 1981, this 70-unit asset is older than much of the surrounding stock, creating clear value-add angles through targeted interior updates and system modernization. Neighborhood-level occupancy has improved in recent years, and a moderate renter-occupied share supports a consistent tenant pipeline. Within a 3-mile radius, population and households are expanding with smaller average household sizes projected — a constructive setup for the property’s efficient average unit size (~540 sq. ft.). According to CRE market data from WDSuite, ownership costs in the area skew higher nationally, which tends to sustain rental demand and supports lease retention dynamics.
Key considerations include measured safety positioning relative to the metro, limited nearby park access, and standard CapEx planning for an early-1980s vintage. With pragmatic upgrades and attentive operations, the asset can compete effectively on convenience, value, and unit efficiency.
- Upward neighborhood occupancy trend supports leasing stability
- Older 1981 vintage offers value-add and system upgrade potential
- Growing 3-mile renter pool and smaller household sizes align with efficient unit mix
- Higher national ownership cost context reinforces renter reliance and renewal potential
- Risks: below-median safety within metro and limited park access require proactive management