| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 63rd | Fair |
| Amenities | 55th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1979 NW 4th Ave, Boca Raton, FL, 33432, US |
| Region / Metro | Boca Raton |
| Year of Construction | 1985 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | $1,485,000 |
| Buyer | DELTA LTD CORP |
| Seller | TWENTY SIX OAKWOOD CORP |
1979 NW 4th Ave Boca Raton 26-Unit Multifamily
In a high-cost ownership pocket of Boca Raton, renter demand is supported by strong schools and a deep employment base, according to WDSuite’s CRE market data.
Located in suburban Boca Raton, the property sits in a neighborhood rated A- and competitive among West Palm Beach–Boca Raton neighborhoods for daily needs access. Cafés, groceries, and restaurants are relatively dense for the metro, while park and pharmacy coverage is limited within the neighborhood boundary—an operational consideration for resident lifestyle positioning.
Neighborhood schools benchmark at the top of the metro (ranked 1st among 319 neighborhoods) and test in the top percentile nationally, which can aid resident retention for family-oriented units. Home values in the area are elevated versus national norms, reinforcing renter reliance on multifamily housing and supporting pricing power when paired with disciplined lease management.
Renter-occupied housing accounts for roughly one-third of neighborhood units, with the surrounding 3-mile area closer to four-in-ten renter-occupied. That tenure mix suggests a meaningful tenant base without overconcentration, a constructive setup for a 26-unit asset seeking steady absorption and renewal performance.
Within a 3-mile radius, recent population and household growth has been positive, and WDSuite’s projections indicate further renter pool expansion by 2028. Neighborhood occupancy trends sit in the low-80% range; execution on renewals and targeted upgrades can help sustain stability relative to metro-wide competition.
Vintage in the immediate area averages 1975. With a 1985 build, this asset is newer than much of the surrounding stock, offering competitive positioning versus older properties while still warranting attention to aging systems or selective modernization to meet current renter expectations.
Safety performance in the neighborhood tracks below national norms and trails stronger pockets of the West Palm Beach–Boca Raton metro. Investors should underwrite with conservative assumptions and monitor recent year-over-year trends in both property and violent offenses rather than relying on block-level anecdotes.
Compared with peer areas in the metro, the neighborhood’s crime rank falls in the weaker cohort (rank 282 of 319), indicating the area is not among the metro’s safer subareas. Nationally, it aligns with the lower third of neighborhoods. Owners can mitigate risk through property-level measures, resident screening, and engagement with local community policing initiatives.
Nearby corporate employers provide a diversified white-collar and services-oriented workforce that supports leasing and retention, including Office Depot, Tenet Healthcare, AutoNation, Siegel Financial Group, and Sysco.
- Office Depot — retail corporate (3.0 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (12.4 miles)
- AutoNation — automotive retail corporate (17.4 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services (23.8 miles)
- Sysco Southeast Florida — foodservice distribution (27.5 miles)
1979 NW 4th Ave offers a 26-unit footprint in a Boca Raton neighborhood with strong schools, elevated ownership costs, and a diversified employment base—factors that support multifamily demand depth and renewal potential. According to CRE market data from WDSuite, neighborhood occupancy trends are in the low-80% range, suggesting value can be captured through focused leasing, unit turns, and amenity positioning.
Built in 1985, the property is newer than the neighborhood average (1975), providing a relative edge versus older stock. Selective modernization and capital planning around aging systems can position the asset to compete for higher-income renters in a market where ownership is costly and rents benchmark above national norms. Household and population growth within a 3-mile radius further indicate a larger tenant base over the next several years, supporting occupancy stability.
- High-cost ownership market supports sustained renter demand and pricing power
- 1985 vintage newer than neighborhood average; value-add through targeted updates
- Strong school ratings and proximate employers aid leasing and retention
- 3-mile population and household growth expands the tenant base
- Risks: safety metrics below metro norms and limited parks/pharmacies; underwrite conservatively and plan for operating controls