| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 37th | Poor |
| Amenities | 52nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 425 NW 1st Ter, Deerfield Beach, FL, 33441, US |
| Region / Metro | Deerfield Beach |
| Year of Construction | 1983 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
425 NW 1st Ter Deerfield Beach Multifamily Investment
Neighborhood renter-occupied share is elevated, supporting a deeper tenant base and steadier leasing, according to WDSuite’s CRE market data. Broward County location offers practical access to jobs and services that can reinforce occupancy through cycles.
Neighborhood and demand drivers
This Inner Suburb address in Deerfield Beach balances everyday needs with parks and pharmacies performing well versus national peers, while immediate cafe and grocery density inside the neighborhood is thinner. For investors, that mix points to routine convenience with broader retail reachable by short drives across the Fort Lauderdale–Pompano Beach–Sunrise metro.
Renter-occupied share in the neighborhood is a little above half, indicating a meaningful concentration of renter households and a larger pool for multifamily leasing. Neighborhood occupancy has moved higher over the past five years, supporting expectations for steadier collections and renewal potential through typical seasonality.
Within a 3-mile radius, population and households have grown and are projected to keep increasing, signaling a larger tenant base over the medium term. Household incomes have also risen, while average household size has held relatively stable, which can aid absorption across a range of unit types.
Home values in the neighborhood are lower than many South Florida submarkets, which can introduce occasional competition from entry-level ownership. At the same time, recent rent growth in the 3-mile area and neighborhood rent-to-income readings suggest some affordability pressure—factors that call for disciplined lease management and amenity positioning to sustain retention.
Safety context
Compared with neighborhoods nationwide, safety indicators here are below average, and the area falls in the lower half among 345 metro neighborhoods. However, recent estimates indicate property-related offenses declined year over year, an encouraging directional shift for long-term operators monitoring risk.
In short, this is not among the top-quartile safest areas nationally, but the downward trend in property offenses over the last year is constructive. Underwriting should reflect current insurance costs, security measures, and asset-level design considerations.
Major nearby employers
A mix of headquarters and regional offices supports commute convenience and helps underpin renter demand. Key employers include Office Depot, Tenet Healthcare, AutoNation, Siegel Financial Group, and Sysco Southeast Florida.
- Office Depot — corporate offices (5.7 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (10.9 miles)
- AutoNation — auto retail headquarters & offices (14.2 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services offices (26.9 miles)
- Sysco Southeast Florida — foodservice distribution offices (30.6 miles)
Why invest here
425 NW 1st Ter offers 100 units in a neighborhood with an above-average renter concentration, supporting consistent leasing fundamentals. Based on CRE market data from WDSuite, improving neighborhood occupancy trends and 3-mile growth in population and households point to demand depth that can aid absorption and renewals.
Built in 1983, the asset is close to the local vintage, implying typical 1980s systems and finishes; targeted capital for interior upgrades and system improvements can unlock value-add potential. While relatively accessible home values may create some ownership competition, rising area rents and proximity to a diverse employer base support stable tenancy when pricing and amenities are aligned with local affordability.
- Renter-heavy neighborhood supports a deeper tenant pool and steadier leasing
- 3-mile population and household growth expand the future renter base
- 1983 vintage enables value-add via renovations and systems updates
- Proximity to HQs and regional offices supports retention and leasing
- Risk: accessible ownership options and affordability pressure require disciplined lease and expense management