| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 69th | Good |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 541 NE 42nd St, Boca Raton, FL, 33431, US |
| Region / Metro | Boca Raton |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
541 NE 42nd St Boca Raton 20-Unit Multifamily
Neighborhood occupancy is strong and renter demand is supported by local amenities, according to WDSuite’s CRE market data. This positioning favors stable operations with room for thoughtful value-add at the submarket level.
Set in an inner-suburb pocket of Boca Raton, the property benefits from a well-rated neighborhood (A+) with deep daily-needs coverage. Cafés, grocery, restaurants, and pharmacies rank in the top quartile nationally, supporting resident convenience and lease retention. Among West Palm Beach–Boca Raton–Boynton Beach’s 319 neighborhoods, amenity density is competitive, helping this location stand out during tours and renewals.
Neighborhood occupancy sits in the upper tier locally (top quartile among 319 metro neighborhoods) and has improved over the past five years, a positive signal for income stability. Median contract rents are elevated for the area while the rent-to-income ratio trends favorable, indicating manageable affordability pressure and potential for disciplined pricing power. The neighborhood’s renter-occupied share is in the mid-30% range, suggesting a meaningful tenant base for multifamily without excessive turnover risk.
Within a 3-mile radius, population and households have expanded over the past five years and are projected to continue rising, pointing to a larger tenant base and support for occupancy. Household incomes have also trended upward, reinforcing demand for quality rentals. These dynamics, combined with elevated home values in the neighborhood, tend to sustain reliance on multifamily housing and can support retention and measured rent growth.
Built in 1972, the asset is slightly older than the neighborhood average vintage. Investors should plan for targeted capital projects and modernization to remain competitive against newer stock; in return, renovations can unlock value through improved unit finishes, building systems, and curb appeal. Taken together, these location fundamentals provide a constructive backdrop for commercial real estate analysis focused on durable cash flow and selective improvements.
Relative to the 319 neighborhoods in the West Palm Beach–Boca Raton–Boynton Beach metro, the area sits below the metro median on overall crime, while national comparisons point closer to average conditions. Violent offense indicators are stronger than many neighborhoods nationwide (above-average national percentile), though recent year volatility warrants ongoing monitoring as part of risk management.
Property-related incidents have shown a slight year-over-year decrease, a constructive near-term trend. Investors should frame safety in comparative terms when underwriting — weigh the neighborhood’s metro-relative standing against its nationally competitive signals and track updates as new data becomes available.
Proximity to corporate employers supports a diversified renter pool and commute convenience for workforce tenants. Nearby anchors include headquarters and regional operations across retail services, healthcare, logistics/food distribution, and energy.
- Office Depot — retail services HQ (2.9 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare (13.8 miles)
- AutoNation — automotive retail HQ (18.9 miles) — HQ
- Sysco Southeast Florida — food distribution (26.2 miles)
- NextEra Energy — energy HQ (32.5 miles) — HQ
This 20-unit, 1972-vintage asset offers a blend of stable neighborhood occupancy and amenity-driven renter appeal in Boca Raton. Based on CRE market data from WDSuite, the surrounding neighborhood ranks in the top quartile locally for occupancy and amenity access, reinforcing day-to-day livability and supporting leasing resilience. Elevated home values in the area help sustain multifamily demand, while a favorable rent-to-income backdrop points to measured pricing power rather than aggressive concessions.
Demographic trends within a 3-mile radius — including population and household growth and rising incomes — indicate a gradually expanding renter pool that can support long-term occupancy. Given its 1972 vintage, a targeted value-add plan around interiors and systems can enhance competitive positioning versus newer stock and capture incremental NOI, while staying attentive to capital planning and safety trend monitoring.
- Top-quartile neighborhood occupancy and robust amenities support lease stability
- Expanding 3-mile population and households point to a larger tenant base over time
- Elevated home values reinforce reliance on rentals, aiding retention and disciplined pricing
- 1972 vintage presents value-add potential through modernization and selective capex
- Risks: monitor year-over-year safety variability and budget for aging-system upgrades