| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Poor |
| Demographics | 56th | Fair |
| Amenities | 9th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4440 43rd Ave, Vero Beach, FL, 32967, US |
| Region / Metro | Vero Beach |
| Year of Construction | 1985 |
| Units | 116 |
| Transaction Date | 2007-10-02 |
| Transaction Price | $2,371,900 |
| Buyer | INDIAN RIVER RDA LP |
| Seller | BRIARWOOD APARTMENTS OF VERO BEACH LTD |
4440 43rd Ave Vero Beach Multifamily Investment
Steady renter demand is supported by an expanding 3-mile household base and relatively low rent-to-income levels, according to WDSuite s CRE market data. Neighborhood metrics indicate owner-heavy housing today but a rising renter pool, pointing to leasing depth for well-positioned units.
The property sits in a suburban pocket of Vero Beach where neighborhood-level housing is predominantly owner-occupied today, yet WDSuite s data shows the 3-mile radius is adding population and households, which expands the tenant base for multifamily. Median contract rents in the area remain accessible relative to incomes, which can support retention and occupancy stability for competitively managed assets.
On livability, local amenities within the immediate neighborhood rank near the lower end among 41 Sebastian Vero Beach neighborhoods, so daily conveniences may require short drives. Average public school ratings in the neighborhood trend below national norms (2.0 out of 5), which some family renters may weigh in location decisions, while adult educational attainment levels test in the top quartile nationally, signaling a diverse workforce profile.
Vintage context: the submarket s average construction year is 1980, and a 1985 asset can compete well against older stock while still benefiting from targeted modernization of systems and finishes to drive rent positioning and reduce capex surprises.
Within a 3-mile radius, demographics point to population growth and a substantial increase in households through the forecast period, indicating a larger tenant pool and potential support for occupancy. Home values sit in a mid-range context for Florida, which can create some competition from ownership; however, the neighborhood s low rent-to-income levels suggest room for prudent rent growth without outsized affordability pressure.
Relative to the region, the neighborhood s overall safety profile ranks in the top quartile among 41 Sebastian Vero Beach neighborhoods, and it scores above the national median based on WDSuite s crime benchmarks. Violent incidents are in a higher national safety percentile and have shown a notable year-over-year decline, while property offenses have also trended down, signaling improving conditions rather than a block-level guarantee.
Nearby employers provide a stable commute shed that supports renter demand and retention, with logistics and aerospace roles accessible within a reasonable drive.
- CVS Distribution Center logistics (6.6 miles)
- Harris aerospace & defense (31.5 miles) HQ
This 116-unit, 1985-vintage asset offers scale in a suburban Vero Beach location where the 3-mile radius shows population growth, rising household counts, and an expanding renter pool all supportive of long-term leasing fundamentals. According to CRE market data from WDSuite, the neighborhood exhibits low rent-to-income levels, which can aid retention and measured rent growth, while a slightly newer-than-area-average vintage positions the property competitively versus older stock with room for selective value-add.
Risks include below-median neighborhood occupancy and limited immediate amenities, as well as owner-heavy tenure that may temper near-term absorption. Offsetting these are improving safety trends and growth in higher-income households within 3 miles, which can deepen the tenant base for well-managed units.
- 3-mile population and household growth expands the long-term renter pool
- Low rent-to-income levels support retention and pricing flexibility
- 1985 vintage is newer than nearby averages, enabling competitive positioning with targeted upgrades
- Improving safety metrics bolster leasing stability potential
- Risks: below-median neighborhood occupancy, amenity scarcity, and owner-heavy tenure may slow lease-up