| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 13th | Poor |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 331 NE 48th St, Deerfield Beach, FL, 33064, US |
| Region / Metro | Deerfield Beach |
| Year of Construction | 1981 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
331 NE 48th St Deerfield Beach Multifamily Investment
Neighborhood occupancy has trended upward and high-cost ownership dynamics support durable renter demand, according to WDSuite’s CRE market data. This location positions a 100-unit asset to compete for a broad tenant base while managing affordability pressure.
Deerfield Beach’s inner-suburb setting offers everyday convenience for renters: parks and groceries score in the top decile nationally, while restaurants sit above national averages; cafes and pharmacies are comparatively sparse. For investors, this mix supports day-to-day livability without relying on destination retail.
The neighborhood’s renter-occupied share is 37.8%, indicating a sizable tenant base and depth for multifamily leasing. Occupancy for the neighborhood has improved over the last five years, which points to steadier cash flow potential, though current levels rank below the metro median among 345 Fort Lauderdale-Pompano Beach-Sunrise neighborhoods.
Within a 3-mile radius, population has grown in recent years and households expanded more quickly, with smaller average household sizes. Forecasts point to continued population growth and a notable increase in households by 2028, implying a larger tenant base and support for occupancy stability.
Ownership costs are elevated relative to incomes (high value-to-income measures), which typically sustains reliance on rental housing and can bolster pricing power; at the same time, higher rent-to-income levels suggest careful lease management to mitigate retention risk. Schools score in lower national percentiles, which may matter for family-oriented demand but is less determinative for workforce renters.
The asset’s vintage is 1981, slightly newer than the neighborhood’s average stock from the mid-1970s. That positioning can be competitively favorable versus older properties, though investors should underwrite ongoing system updates and selective modernization to meet current renter expectations.
Relative to other areas, the neighborhood ranks toward the bottom of the Fort Lauderdale-Pompano Beach-Sunrise metro on crime (closer to the less favorable end among 345 neighborhoods) and sits below national averages for safety. National percentiles indicate this area is not among the safer neighborhoods, so underwriting should reflect elevated security, lighting, and community-management needs.
Recent trends show year-over-year increases in both violent and property offenses at the neighborhood level. While crime can vary by block and building operations can influence outcomes, investors should budget for proactive measures and consider how staffing, access control, and resident engagement can support leasing and retention.
Proximity to regional employers supports commuter convenience and a diversified renter pool, particularly in retail headquarters, healthcare administration, and auto retail corporate operations. Notable nearby employers include Office Depot, Tenet Healthcare Corporation (Florida Region), AutoNation, and Johnson & Johnson.
- Office Depot — retail headquarters (7.8 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (10.1 miles)
- AutoNation — auto retail corporate (11.9 miles) — HQ
- Johnson & Johnson — pharmaceuticals & consumer health offices (28.9 miles)
This 100-unit, 1981-vintage asset in Deerfield Beach benefits from a growing household base within a 3-mile radius and neighborhood fundamentals that favor rental housing. Elevated ownership costs relative to incomes reinforce renter reliance on multifamily, while improving neighborhood occupancy and strong day-to-day amenities (notably parks and groceries) support demand and leasing durability, according to CRE market data from WDSuite.
The vintage is slightly newer than much of the local stock, offering competitive positioning with room for targeted value-add. Key considerations include managing affordability pressure (higher rent-to-income levels) and underwriting for security and operations in a neighborhood that trails metro averages on safety and school metrics.
- Household and population growth within 3 miles expands the tenant base and supports occupancy stability.
- Elevated ownership costs sustain demand for rentals, aiding pricing power and lease retention.
- 1981 construction offers competitive positioning versus older stock with value-add/modernization upside.
- Risks: higher rent-to-income levels, below-average neighborhood safety, and weaker school performance require active management and prudent underwriting.