| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 62nd | Good |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5833 SE 47th Ave, Stuart, FL, 34997, US |
| Region / Metro | Stuart |
| Year of Construction | 1990 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5833 SE 47th Ave Stuart Multifamily Investment
Positioned for steady renter demand supported by a high-cost ownership market and a modestly newer 1990 vintage, this 42-unit asset benefits from regional employment access and diversified household incomes, according to WDSuite’s CRE market data.
The property sits in a Suburban neighborhood in the Port St. Lucie, FL metro with a B+ neighborhood rating and a rank of 31 out of 104, placing it competitive among Port St. Lucie neighborhoods and above the metro median. Local livability is supported by park and pharmacy access that tracks in the top quartile nationally, while restaurant density is above national norms; cafes and childcare options are limited, suggesting residents rely more on nearby corridors for specialty services.
Neighborhood-level median asking rents are above the national median, and home values sit above national averages. With a value-to-income profile in the upper national quartile, ownership costs are relatively high for the area, which generally sustains multifamily demand and can support pricing power and lease retention for well-managed communities.
Within a 3-mile radius, demographics show a larger, diversified household base with recent growth in households and families alongside smaller average household sizes. Forward-looking projections indicate continued expansion in household counts even as population trends flatten, implying more, smaller households entering the market — dynamics that can expand the renter pool and support occupancy stability. The share of housing units that are renter-occupied remains modest, but sufficient to underpin demand for professionally managed apartments when paired with rising incomes.
The property s 1990 construction is modestly newer than the neighborhood s average vintage (1985), offering relative competitiveness versus older stock; investors should still underwrite routine modernization and systems upkeep to meet current renter expectations. Neighborhood occupancy is below national norms, signaling the need for disciplined leasing and asset management to capture demand from local workforce households.
Current neighborhood crime metrics are not available in WDSuite for this area, so investors should compare city and county trend data to regional benchmarks and consider property-level security, lighting, and visibility when underwriting. When crime data is incomplete, emphasizing on-site operations and design features can help mitigate perception risk relative to nearby submarkets.
Regional employment is anchored by corporate operations to the south and west, supporting commute-oriented renter demand for workforce housing. Key nearby employers include energy, food distribution, financial services, and logistics.
- NextEra Energy — energy & corporate operations (20.5 miles) — HQ
- Sysco Southeast Florida — food distribution (26.0 miles)
- Siegel Financial Group - Northwestern Mutual — financial services (30.0 miles)
- CVS Distribution Center — logistics & distribution (40.9 miles)
5833 SE 47th Ave offers 42 units in Stuart, Florida, with a 1990 vintage that is modestly newer than nearby averages — a positioning that can reduce near-term capital intensity while allowing for targeted value-add to elevate finishes and curb appeal. The neighborhood ranks competitive within the Port St. Lucie metro and benefits from amenity access that scores well nationally, while elevated ownership costs bolster renter reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood rents trend above national medians and the value-to-income profile is in an upper national band, supporting revenue durability for well-operated assets.
Investor considerations include a modest renter concentration and below-national neighborhood occupancy, which place a premium on hands-on leasing and retention. Offsetting factors are a growing 3-mile household base and smaller household sizes, which together point to a deeper pool of renters over time, aided by access to regional employers across energy, logistics, and distribution.
- 1990 vintage offers relative competitiveness versus older stock with room for focused upgrades
- Elevated ownership costs sustain renter demand and support pricing power
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Access to regional employers (energy, distribution, logistics) underpins workforce leasing
- Risk: Below-national neighborhood occupancy and modest renter concentration require disciplined leasing and retention