| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 52nd | Fair |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 555 4th St, Vero Beach, FL, 32962, US |
| Region / Metro | Vero Beach |
| Year of Construction | 1973 |
| Units | 97 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
555 4th St Vero Beach Multifamily Investment
Stabilization and value-add potential in a suburban Vero Beach pocket, with renter demand supported by population growth and a manageable rent-to-income profile, according to WDSuite’s CRE market data.
The property sits in a Suburban neighborhood of Sebastian–Vero Beach where daily conveniences are accessible: grocery options rank competitive among Sebastian–Vero Beach neighborhoods (12 of 41), and cafe density is comparatively strong (6 of 41), indicating more third‑place amenities than many local peers. School quality trends slightly above national norms (average rating near the 61st percentile nationwide), which can support family‑oriented renter demand.
At the neighborhood level, occupancy performance is above the metro median (ranked 20 of 41) but below national averages (around the 23rd percentile nationally). For investors, that suggests room to capture demand through targeted marketing, unit refreshes, and operational focus, rather than relying on tight market occupancy alone.
Within a 3‑mile radius, demographics indicate population growth over the past five years with further expansion projected, alongside an increase in households and a modest decline in average household size over the forecast period. This points to a larger tenant base and potentially more renters entering the market, which can support occupancy stability and leasing velocity for well‑positioned assets.
Tenure within the 3‑mile radius skews owner‑occupied, with roughly a quarter of housing units renter‑occupied. For multifamily, that typically means a defined but selective renter pool; product differentiation and affordability positioning can be effective in capturing demand from households prioritizing convenience over ownership.
Home values in the neighborhood sit around the national mid‑range with ownership costs not at the high end for Florida. That context can create some competition with entry‑level ownership, but it also supports retention for renters seeking predictable monthly costs, especially where on‑site management and updated finishes enhance perceived value.
Neighborhood safety indicators are mixed but generally steady. The area ranks 36 out of 41 among Sebastian–Vero Beach neighborhoods for crime, placing it above the metro average on a relative basis, while national comparisons are closer to the middle: violent‑offense safety trends around the 51st percentile nationwide, and property‑offense safety is weaker at roughly the 25th percentile.
Recent movement is constructive: violent‑offense rates have trended down year over year. For investors, this supports a pragmatic underwriting stance—assume mid‑pack national positioning with metro‑relative strength, and focus on property‑level lighting, access control, and community engagement to reinforce resident confidence.
Regional employment is anchored by distribution and aerospace/defense, offering commute‑friendly access that can bolster workforce housing demand and lease retention for stabilized assets. Employers include CVS and Harris.
- CVS Distribution Center — distribution & logistics (9.4 miles)
- Harris — defense & aerospace offices (36.8 miles) — HQ
Built in 1973 with 97 units, the asset is older than the neighborhood’s average vintage, creating clear value‑add pathways through unit renovations, common‑area upgrades, and systems modernization. Neighborhood occupancy trends above the metro median but trail national benchmarks, suggesting performance can be driven by product differentiation and operational execution rather than market tightness alone. According to WDSuite’s commercial real estate analysis, rent burdens run manageable locally, which can aid lease retention while still permitting measured rent growth where renovations improve utility.
Demographics within a 3‑mile radius show population and household growth with projections for further expansion and slightly smaller household sizes—signals that can expand the renter pool and support occupancy stability. Given moderate ownership costs in the area, multifamily that emphasizes convenience, service, and updated finishes can remain competitive with entry‑level ownership alternatives.
- 1973 vintage offers tangible value‑add through interior upgrades and building systems planning.
- Neighborhood occupancy sits above the metro median, supporting stabilization with focused operations.
- Growing 3‑mile population and household base expands the tenant pipeline and supports leasing velocity.
- Manageable rent‑to‑income conditions allow for disciplined rent setting where renovations add utility.
- Risks: below‑national occupancy and older systems may require CapEx and active leasing to meet targets.