| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 27th | Poor |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 919 S 25th St, Fort Pierce, FL, 34947, US |
| Region / Metro | Fort Pierce |
| Year of Construction | 2004 |
| Units | 104 |
| Transaction Date | 2024-11-22 |
| Transaction Price | $29,200,000 |
| Buyer | LIVE OAK PRESERVATIONS LTD |
| Seller | LIVE OAK APARTMENTS LTD |
919 S 25th St, Fort Pierce Multifamily Investment
Neighborhood renter concentration and stable occupancy support consistent tenant demand, according to WDSuite’s CRE market data. With a 2004 vintage and 104 units, the asset competes well against older local stock while leaving room for selective upgrades.
Located in an Inner Suburb of Fort Pierce within the Port St. Lucie metro, the neighborhood posts a B rating (ranked 44 of 104 metro neighborhoods), signaling competitive fundamentals among local peers. Neighborhood occupancy is steady at roughly the low-90s and has edged higher over the past five years, supporting income stability at properties serving day-to-day renter demand.
Renter-occupied housing accounts for approximately 58% of neighborhood units (ranked 4 of 104), indicating a deep tenant base for multifamily operators. Median contract rents sit near the metro middle while rent-to-income ratios point to some affordability pressure, which argues for disciplined lease management and amenity positioning rather than aggressive rent pushes.
Amenity access is balanced: food-and-beverage density trends above national norms for restaurants, with parks and pharmacies both around the upper quartile nationally, while cafés are scarce. Average school ratings are low relative to peers, which can influence household retention strategies for family-oriented unit mixes. The property’s 2004 construction compares favorably to the neighborhood’s older average vintage (late 1970s), offering competitive positioning versus legacy stock, though systems planning for mid-life components remains prudent.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue rising, with households expected to expand meaningfully alongside a gradual reduction in average household size. This combination suggests a broadening renter pool and potential support for occupancy, particularly for well-managed, right-sized units.
Safety indicators are mixed. The neighborhood’s crime rank sits below the metro median (33 out of 104), and national comparison places it below average for safety. That said, recent trends show notable improvement in violent incidents, with a sharp year-over-year decline, while property offenses saw a modest uptick. For investors, this points to monitoring near-term volatility while recognizing improving momentum in the most severe categories.
Framing risk at the neighborhood—not property—level helps set expectations for security budgeting and resident experience. Operators who incorporate visibility measures and community engagement can help support resident retention where safety metrics trail broader regional benchmarks.
Regional employment anchors within commuting range include distribution and energy, supporting a diverse renter base and commute convenience for workforce households. The list below reflects notable nearby employers relevant to leasing stability.
- CVS Distribution Center — distribution/logistics (18.0 miles)
- NextEra Energy — energy corporate offices (43.7 miles) — HQ
This 104-unit property, built in 2004, is newer than much of the surrounding stock, offering competitive positioning versus older assets while leaving scope for targeted modernization. Neighborhood occupancy has been resilient and renter-occupied housing is prevalent, indicating depth in the tenant base and support for leasing continuity. According to CRE market data from WDSuite, local home values sit at the lower end of national comparisons, which can create some competition from ownership; however, projected household growth within 3 miles suggests a larger renter pool over the medium term.
Affordability signals point to careful lease management. Rent-to-income ratios imply pressure for some households, arguing for measured rent setting and differentiated value through operations and maintenance. With a balanced amenity context and improving violent-crime trends at the neighborhood level, the asset’s long-run performance will hinge on disciplined execution: maintaining occupancy, modestly elevating finishes where returns are clear, and aligning unit mix with the area’s family and workforce profile.
- 2004 vintage competes well against older neighborhood stock, with selective value-add potential
- Neighborhood occupancy stability and high renter concentration support demand depth
- 3-mile household and population growth expand the renter pool and support leasing
- Ownership alternatives are accessible locally, requiring sharp pricing and retention strategies
- Risk: below-average safety metrics and affordability pressure call for prudent Opex and lease management