| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 32nd | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2403 S 25th St, Fort Pierce, FL, 34981, US |
| Region / Metro | Fort Pierce |
| Year of Construction | 1982 |
| Units | 66 |
| Transaction Date | 2025-06-12 |
| Transaction Price | $4,744,600 |
| Buyer | FORT PIERCE HOLDINGS 66 LLC |
| Seller | SANDPIPER APARTMENTS II LLC |
2403 S 25th St Fort Pierce Multifamily Value-Add
Stabilizing renter demand and neighborhood occupancy near the metro median suggest steady leasing potential, according to WDSuite’s CRE market data. The 1982 vintage positions this asset for targeted renovations to improve competitiveness against newer nearby stock.
Located in Fort Pierce’s inner-suburban fabric of the Port St. Lucie metro, the neighborhood carries a B+ rating and ranks 36 out of 104 locally—competitive among Port St. Lucie neighborhoods. Occupancy in the surrounding neighborhood has trended up over the last five years and sits near the metro median, supporting a baseline of leasing stability for multifamily operators.
Daily-needs access is a relative strength: grocery and pharmacy density rank among the more convenient clusters in the metro (both competitive among Port St. Lucie neighborhoods), while cafes and restaurants are moderately available. Park access is limited within the immediate neighborhood, which may temper some lifestyle appeal but can be offset by property-level amenities.
Within a 3-mile radius, population and household counts have grown in recent years, with forecasts pointing to continued population growth and a larger household base—signals of a broadening tenant pool. Household sizes are projected to trend smaller, which can favor demand for efficient one- and two-bedroom product and support occupancy stability.
Tenure patterns indicate meaningful rental housing demand: within 3 miles, a majority of housing units are renter-occupied, reinforcing depth in the tenant base. At the same time, elevated home values in the neighborhood context relative to incomes (above many U.S. neighborhoods) and a rent-to-income profile that is generally manageable suggest room for disciplined rent growth while monitoring affordability pressure for retention, based on commercial real estate analysis from WDSuite.
Vintage matters here: the neighborhood’s average construction year skews newer (around 2010), whereas this property was built in 1982. That gap highlights value-add potential through unit and common-area upgrades to compete more effectively with newer stock, while planning for capital improvements to aging systems.
Safety indicators for the neighborhood track below national averages, with national percentiles indicating comparatively higher crime than many U.S. neighborhoods. Within the metro’s 104 neighborhoods, the area sits in the lower middle of the pack for safety. For investors, this points to the importance of strong onsite management practices and resident engagement to support retention.
Trend signals are mixed but improving on key fronts: estimated violent offenses show a notable year-over-year decline (top quartile nationally for improvement), while property offense levels remain relatively elevated versus national benchmarks. Taken together, investors should underwrite active security measures and community standards, while recognizing recent positive momentum in violent offense trends.
Regional employment access supports workforce housing demand, with distribution and corporate utility employers within commuting range that can contribute to leasing depth and retention.
- CVS Distribution Center — distribution/logistics (18.9 miles)
- NextEra Energy — utilities/corporate (42.7 miles) — HQ
The 66-unit property at 2403 S 25th St was built in 1982, making it older than much of the neighborhood’s post-2010 inventory. That age differential creates clear value-add potential through strategic interior upgrades and selective system replacements to better compete with newer assets. Neighborhood occupancy trends have improved over the past five years and now sit near the metro median, indicating a foundation for stability if coupled with effective operations and leasing.
Within a 3-mile radius, population and households have expanded and are projected to continue growing, supporting a larger tenant base and helping sustain occupancy. Elevated ownership costs relative to incomes in the neighborhood context reinforce reliance on rental housing, while rents appear generally manageable versus income levels—favorable for pricing power with prudent lease management, according to CRE market data from WDSuite.
- Value-add upside: 1982 vintage versus newer neighborhood stock supports unit and amenity renovations.
- Demand depth: growing 3-mile population and household base expands the renter pool and supports occupancy stability.
- Pricing resilience: ownership costs remain elevated relative to incomes while rent levels are generally manageable, aiding retention.
- Location fundamentals: daily-needs access (groceries, pharmacies) is competitive among metro neighborhoods.
- Risks: below-average safety benchmarks and limited park access warrant proactive security, community standards, and amenity programming.