| 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 | 22 |
| Transaction Date | 2017-07-27 |
| Transaction Price | $750,000 |
| Buyer | WHISPERING PALMS APTS LLC |
| Seller | HH BOCA EAST APARTMENTS LLC |
4850 NE 5th Ave Boca Raton Multifamily Investment
Neighborhood occupancy trends point to stable cash flow potential, according to WDSuite s CRE market data. The location s strong amenity access and high-cost ownership market support sustained renter demand.
Located in Boca Raton s inner-suburb fabric, the property benefits from a neighborhood rated A+ and ranked 10 out of 319 metro neighborhoods a competitive position that signals durable fundamentals for a 22-unit asset. According to CRE market data from WDSuite, neighborhood occupancy is strong (top quartile nationally) and above the metro median, supporting income stability at similar multifamily properties.
Livability is a core strength: restaurants, groceries, and pharmacies all index high versus national peers (each near the 90th percentile or better), reinforcing day-to-day convenience that helps with leasing and retention. Median contract rents in the neighborhood sit above national norms after notable five-year gains, while the rent-to-income profile indicates manageable affordability pressure, aiding renewal prospects and pricing discipline.
Within a 3-mile radius, population grew over the last five years and household counts rose by roughly a tenth, expanding the local tenant base. Forecasts point to further household growth alongside slightly smaller average household sizes, which typically translates into more renters entering the market and supports occupancy stability. The renter-occupied share at the neighborhood level is about one-third, indicating a meaningful but not saturated renter pool for multifamily demand.
The area s elevated home values (well above national benchmarks) characterize a high-cost ownership market in Palm Beach County. For investors, this tends to reinforce reliance on rental housing and can bolster lease retention and pricing power during renewals. Vintage is also relevant: with an average neighborhood construction year around 1974 and this property built in 1973, investors should plan for targeted capital projects and potential value-add repositioning to stay competitive against newer stock.
Neighborhood safety indicators benchmark close to the national middle overall, per WDSuite s CRE data, with violent-offense measures comparing favorably (top quartile nationally). Property-related offense estimates have edged down year over year, a modest improvement that aligns with steady conditions rather than a step-change trend.
At the metro level (319 neighborhoods), the area performs around the middle of the pack on broad crime measures. For investors, the takeaway is that safety is comparable to regional norms, with current trends not signaling outsized risk or exceptional advantage. As always, underwriting should pair data with on-the-ground diligence and property-level security planning.
Proximity to a diversified employment base including corporate headquarters, healthcare administration, financial services, and food distribution supports renter demand through commute convenience and a steady inflow of professional workers.
- Office Depot retail corporate offices (2.7 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare administration (13.9 miles)
- AutoNation automotive retail corporate offices (19.2 miles) HQ
- Siegel Financial Group Northwestern Mutual financial services (22.1 miles)
- Sysco Southeast Florida food distribution (25.9 miles)
4850 NE 5th Ave aligns with a high-performing Boca Raton neighborhood where occupancy trends are above the metro median and in the top quartile nationally. The submarket s amenity depth and high-cost ownership landscape sustain multifamily renter demand and support retention. Built in 1973, the asset offers potential value-add and modernization opportunities to sharpen competitive positioning against newer supply while leveraging stable neighborhood leasing dynamics.
Household growth within a 3-mile radius, coupled with slightly smaller household sizes, signals an expanding renter pool that can underpin occupancy stability over the next cycle. According to CRE market data from WDSuite, neighborhood rents and incomes sit above national benchmarks, which supports disciplined pricing while keeping affordability pressures manageable for well-managed properties.
- Competitive neighborhood fundamentals with occupancy above metro median and top-quartile national standing
- Amenity-rich, high-cost ownership market that reinforces renter reliance on multifamily housing
- 1973 vintage enables value-add through targeted renovations and systems upgrades
- 3-mile household growth and smaller household sizes expand the local renter base
- Risks: aging building capital needs and rent growth management to balance affordability and retention