| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 32nd | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2476 Atlantis Ave, Fort Pierce, FL, 34981, US |
| Region / Metro | Fort Pierce |
| Year of Construction | 1986 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2476 Atlantis Ave Fort Pierce Multifamily Opportunity
Stabilizing renter demand in an inner-suburban pocket of Fort Pierce supports durable income potential, according to WDSuite’s commercial real estate analysis. The property’s scale positions it to capture neighborhood momentum while leaving room for targeted value-add.
This inner-suburban neighborhood in Fort Pierce carries a B+ rating and ranks 36 out of 104 across the Port St. Lucie metro, placing it competitive among local peers. Grocery and daily-needs access test above the metro median, with neighborhood amenity measures like grocery and pharmacy density outperforming many nearby areas, which supports renter convenience and retention.
Median home values in the neighborhood sit in a high-cost ownership context relative to local incomes, which tends to sustain multifamily demand and leasing stability as households opt for more accessible rental options. Neighborhood rent-to-income sits in the mid-20% range, suggesting manageable affordability pressure that can aid renewal rates and pricing power.
Construction in the area skews newer than the subject’s 1986 vintage, indicating competitive newer stock nearby; however, this also creates a clear value-add path where renovations and system updates can reposition units against 2010s-era product. Renter-occupied share is meaningful, signaling a sizable tenant base for a 120-unit asset and supporting ongoing leasing depth rather than reliance on marginal demand.
Within a 3-mile radius, the population and household counts have expanded in recent years, with forecasts indicating further growth and a moderation in average household size by 2028. That combination points to a larger renter pool and steady absorption potential that can help underpin occupancy in line with metro trends, based on CRE market data from WDSuite.
Relative to the Port St. Lucie metro’s 104 neighborhoods, this area’s crime rank indicates it experiences more incidents than many peers, and its national safety standing is below average. Investors should underwrite prudent security measures and tenant screening consistent with inner-suburban Florida assets.
Trend signals are mixed: property offense measures sit weaker versus national comparisons and ticked up over the last year, while violent offense indicators improved notably year over year. The directional improvement in serious incidents is encouraging, but underwriting should still assume variability and align operating practices to protect residents and asset performance.
Regional employment anchors within commuting range help diversify the renter base and support lease retention, including logistics and energy-sector offices that draw a steady workforce relevant to workforce housing.
- CVS Distribution Center — logistics/distribution (18.9 miles)
- NextEra Energy — energy & corporate offices (42.7 miles) — HQ
This 120-unit, 1986-vintage asset offers scale in a neighborhood with competitive metro standing and growing 3-mile household counts that expand the tenant base. According to CRE market data from WDSuite, neighborhood occupancy trends sit around the metro median, and elevated ownership costs relative to incomes help sustain rental reliance, supporting leasing stability with measured pricing power.
The older vintage versus a locally newer stock profile creates an actionable renovation and building-systems plan to close the competitive gap while targeting rent premiums within affordability guardrails. Investors should balance upside from value-add and household growth against practical risks such as mixed safety metrics, minimal park access, and ongoing capital needs typical of 1980s construction.
- Scale and location support steady leasing with a growing 3-mile renter pool
- 1986 vintage presents clear value-add and systems-upgrade pathways versus newer nearby stock
- Elevated ownership costs reinforce renter reliance and potential pricing power
- Neighborhood occupancy trends align near metro norms, aiding income durability
- Risks: mixed safety indicators, limited park access, and capex typical of 1980s assets