| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 69th | Good |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 530 NE 47th St, Boca Raton, FL, 33431, US |
| Region / Metro | Boca Raton |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
530 NE 47th St, Boca Raton 22-Unit Multifamily Investment
Neighborhood occupancy is strong and amenities are dense, supporting durable renter demand near East Boca; according to WDSuite’s CRE market data, the surrounding area has maintained high occupancy and competitive rent levels relative to the metro. Investors should view this submarket as a convenience-driven location with steady leasing fundamentals.
Anchored by East Boca’s amenity density, the neighborhood scores in the upper national percentiles for restaurants, groceries, pharmacies, and cafes, offering day-to-day convenience that helps with leasing and retention. The submarket carries an A+ neighborhood rating and ranks 10th among 319 metro neighborhoods, signaling competitive livability for workforce and lifestyle renters.
Neighborhood multifamily occupancy is high and sits in the top quartile among 319 metro neighborhoods, indicating stable absorption and limited downtime on turns. Note that this occupancy figure reflects the neighborhood, not the property. Rent levels are competitive for Boca Raton, and the neighborhood rent-to-income dynamics point to manageable affordability pressure that supports lease stability.
Renter-occupied housing comprises roughly a third of neighborhood units, suggesting a balanced renter concentration and a sufficiently deep tenant base for a 22-unit asset. Elevated for-sale home values in the area position rentals as a more accessible option for many households, which can reinforce retention and pricing discipline during renewals.
Within a 3-mile radius, population and household counts have grown over the past five years, with further household expansion projected. This enlarges the local renter pool and supports occupancy stability and renewal velocity, based on CRE market data from WDSuite. Average household sizes are edging smaller, which can sustain demand for smaller formats and add resilience across unit mixes.
Safety indicators are broadly in line with national norms, with property-related offenses positioned in a high national safety percentile and violent-offense measures in the top quartile nationally. Recent year-over-year trends show some volatility in violent-offense rates at the neighborhood level; investors should underwrite conservative security and lighting standards and monitor updated local data. Comparisons are at the neighborhood scale, not block-by-block.
Proximity to regional employers supports a steady commuter renter base and helps with weekday occupancy and renewals. Nearby anchors include Office Depot, Tenet Healthcare, AutoNation, Siegel Financial Group, and Sysco.
- Office Depot — corporate offices (2.8 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (13.9 miles)
- AutoNation — corporate offices (19.1 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services (22.2 miles)
- Sysco Southeast Florida — foodservice distribution (26.0 miles)
The property’s east Boca location benefits from high neighborhood occupancy, dense amenities, and a balanced renter concentration that provide ongoing leasing support. Elevated home values in the area tend to sustain reliance on multifamily housing, expanding the pool of qualified renters and aiding renewal capture. Built in 1972, the asset may present value-add potential through targeted unit and building system updates, improving competitive position versus newer stock.
According to CRE market data from WDSuite, the neighborhood ranks in the top cohort of the metro on livability and shows strong occupancy relative to peers. Within a 3-mile radius, recent and projected household growth increases the nearby renter pool, which underpins demand for a 22-unit community while supporting pricing discipline when executed with thoughtful lease management.
- High neighborhood occupancy and dense amenities support steady leasing and retention.
- Elevated ownership costs locally reinforce rental demand and renewal capture.
- 1972 vintage offers value-add potential via interior upgrades and system modernization.
- Expanding 3-mile household counts increase the renter pool and support occupancy stability.
- Risk: monitor neighborhood safety trends and budget for security, lighting, and tenant communication.