| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 69th | Good |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4850 NE 5th Ave, Boca Raton, FL, 33431, US |
| Region / Metro | Boca Raton |
| Year of Construction | 1973 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4850 NE 5th Ave Boca Raton Multifamily Investment
Neighborhood occupancy sits in the top quartile nationally, supporting steady renter demand and potential cash flow durability, according to WDSuite’s CRE market data. Amenity density and a high-cost ownership landscape further reinforce reliance on rental housing in this inner-suburban pocket of Boca Raton.
Positioned in Boca Raton’s inner suburbs, the neighborhood rates A+ and ranks 10 out of 319 metro neighborhoods, indicating top-tier competitive positioning within West Palm Beach–Boca Raton–Boynton Beach. Neighborhood occupancy is strong and in the top quartile nationally, a positive signal for multifamily stability and leasing resilience.
Daily-needs access is a clear strength: restaurants are in the 98th percentile nationally, with groceries, pharmacies, and cafes near the 90th percentile, and parks above the national median. This amenity depth can aid lease-up velocity and resident retention, particularly for workforce and professional tenants seeking convenience.
The renter-occupied share is around one-third of housing units, suggesting a stable but not oversaturated renter concentration that supports a durable tenant base without excessive turnover risk. Median contract rent benchmarks high versus national norms, while a relatively modest rent-to-income ratio indicates room for disciplined pricing strategies and supports lease retention from an investor’s standpoint.
Within a 3-mile radius, population grew by roughly 10% over the last five years and households by about 11%, with projections pointing to further household growth by 2028 alongside slightly smaller average household sizes. These dynamics expand the local renter pool and can support occupancy stability and absorption for well-positioned assets.
Safety signals are mixed at the neighborhood level (not the property). Overall crime benchmarks near the national median, while property-related indicators track in the top quartile nationally, suggesting comparatively favorable conditions for theft and property offenses. Violent-offense metrics read safer than the national median, though the most recent year showed an uptick, warranting continued monitoring by investors over time.
As with any submarket, investors should evaluate trend direction and on-the-ground management practices, and compare conditions with peer neighborhoods across the West Palm Beach–Boca Raton–Boynton Beach metro when shaping underwriting assumptions.
A diverse employment base within commuting range supports renter demand and retention, led by office supplies, healthcare services, automotive retail, financial services, and foodservice distribution employers.
- Office Depot — office supplies (2.7 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (13.9 miles)
- AutoNation — automotive retail (19.2 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services (22.1 miles)
- Sysco Southeast Florida — foodservice distribution (25.9 miles)
This Boca Raton asset benefits from a high-performing neighborhood that ranks among the metro’s leaders and shows occupancy in the top quartile nationally. Amenity density is strong, and within a 3-mile radius, expanding households and a shrinking average household size point to a growing renter pool that can support leasing stability and absorption for well-maintained properties.
A high-cost ownership market reinforces reliance on rental housing, while median rents trend elevated yet align with incomes that keep rent-to-income comparatively manageable—favorable for retention and measured rent growth, based on commercial real estate analysis from WDSuite. Key watch items include safety trend volatility and a moderate renter concentration that implies leasing depth will depend on continued in-migration and metro-wide job growth.
- Top-tier neighborhood within the metro and nationally strong occupancy supports cash flow stability
- Amenity-rich location (dining, groceries, pharmacies, parks) enhances leasing and retention
- Growing 3-mile household base and smaller household sizes expand the local renter pool
- High-cost ownership environment sustains multifamily demand with manageable rent-to-income dynamics
- Risks: safety trend volatility and moderate renter concentration require prudent underwriting