| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 13th | Poor |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 333 NE 48th St, Deerfield Beach, FL, 33064, US |
| Region / Metro | Deerfield Beach |
| Year of Construction | 2008 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
333 NE 48th St Deerfield Beach Multifamily Investment
Neighborhood occupancy has trended upward in recent years while the renter-occupied share remains material, supporting demand stability for a 100-unit asset, according to WDSuite’s CRE market data. Positioning near daily needs and employment centers helps reinforce leasing durability even as affordability and quality-of-life factors vary across the submarket.
Located in Deerfield Beach’s inner-suburban fabric of the Fort Lauderdale–Pompano Beach–Sunrise metro, the property benefits from daily-needs convenience. Grocery access and park availability rank in the top quartile among 345 metro neighborhoods and the neighborhood also scores in the top quartile nationally for restaurant density. Cafe and pharmacy options are more limited, so residents tend to rely on nearby corridors for niche services.
The 2008 construction stands newer than the neighborhood’s average vintage (1970s), offering a competitive edge versus older stock. Investors should still underwrite mid‑life systems updates and selective modernization to sustain positioning against late-2000s comparables and newer deliveries.
Renter-occupied housing represents a meaningful share of neighborhood units, indicating depth in the tenant base for multifamily. Within a 3‑mile radius, population and household counts have grown over the last five years and are projected to continue rising, pointing to a larger tenant pool and supportive demand for rental units. Median rents in the area have increased over the period and are expected to climb further, which supports revenue growth potential but warrants close attention to rent-to-income dynamics and renewal strategies.
Ownership costs are elevated relative to incomes by national standards, reinforcing renter reliance on multifamily housing and aiding retention. School quality in the neighborhood rates below national norms, which can influence unit mix performance for family-oriented product. Overall occupancy in the neighborhood sits below the metro median but has improved over the last five years, suggesting steadying fundamentals as leasing conditions normalize, based on CRE market data from WDSuite.
Safety indicators for the neighborhood trail national benchmarks, with crime levels above those seen in many U.S. neighborhoods. Within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood ranks in the lower half for safety compared with 345 neighborhoods, signaling that investors should factor security design, lighting, and operating protocols into capital plans. Recent data also show year‑over‑year upticks in both violent and property offenses, so monitoring trend direction and coordinating with local resources remains prudent.
Proximity to regional employers supports workforce housing demand and commute convenience, with access to retail headquarters, automotive, and healthcare corporate offices that can help underpin tenant retention and leasing velocity.
- Office Depot — retail headquarters (7.9 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (10.0 miles)
- AutoNation — automotive retail (11.8 miles) — HQ
- Johnson & Johnson — healthcare & consumer products (28.8 miles)
- Siegel Financial Group - Northwestern Mutual — financial services (29.3 miles)
This 100‑unit, 2008‑built asset offers a relative age advantage in an inner‑suburban neighborhood where much of the housing stock dates to earlier decades. Daily‑needs access is strong, with groceries and parks ranking in the top quartile locally, and the broader 3‑mile area shows population and household growth that expands the renter pool. According to CRE market data from WDSuite, neighborhood occupancy has improved over the past five years, and the renter-occupied share provides a solid base of demand. These dynamics point to durable leasing with potential to capture rent growth as incomes rise in the surrounding radius.
Key underwriting considerations include managing affordability pressure to sustain renewal rates and addressing below-average neighborhood safety through site design and operations. Given its mid‑life vintage, targeted systems updates and selective interior refreshes can enhance competitive positioning versus newer product while leveraging location fundamentals and proximity to regional employers.
- Newer 2008 vintage versus older neighborhood stock supports competitive positioning
- Top‑quartile local access to groceries and parks aids resident convenience and retention
- 3‑mile radius growth in population and households expands the tenant base and supports occupancy
- Proximity to major employers underpins workforce demand and leasing stability
- Risks: affordability pressure and below‑average safety require active lease and property management