| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 69th | Good |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 559 NE 46th St, Boca Raton, FL, 33431, US |
| Region / Metro | Boca Raton |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
559 NE 46th St Boca Raton Multifamily Investment
Stabilized renter demand and strong neighborhood fundamentals point to durable occupancy, according to WDSuite s CRE market data.
This Inner Suburb pocket of Boca Raton carries an A+ neighborhood rating and ranks 10th out of 319 metro neighborhoods competitive among West Palm Beach Boca Raton submarkets. High neighborhood occupancy and steady leasing patterns indicate sticky demand for well-maintained units.
Daily needs and lifestyle amenities are a local strength: restaurants and groceries are dense by national standards (both in the top decile nationwide), with pharmacies and cafes also testing top-quartile availability. These convenience factors typically support tenant retention and reduce turnover risk.
Within a 3-mile radius, population and household counts have grown over the past five years, and forecasts call for further household expansion through 2028 ikely increasing the renter pool and supporting occupancy stability. Median incomes have trended upward locally, while average household size is edging smaller ogether suggesting a broader base of qualified renters and continued demand for smaller formats.
Ownership costs are elevated relative to incomes (high home values and a value-to-income ratio in a high national percentile), which tends to reinforce reliance on rental housing. At the same time, a moderate share of housing units are renter-occupied, signaling a meaningful but not saturated tenant base that can sustain professionally managed multifamily. Based on commercial real estate analysis from WDSuite, neighborhood occupancy stands in the top quartile nationally.
Safety indicators are mixed but generally competitive: overall conditions track close to national averages, with property crime readings comparatively favorable (top decile nationally). Violent crime benchmarks sit above national medians, though recent year-over-year shifts point to some volatility that investors should monitor rather than extrapolate.
Within the metro context, the neighborhood s crime rank sits mid-pack among 319 West Palm Beach Boca Raton neighborhoods, reinforcing a need for standard security practices, lighting, and access controls typical for stabilized multifamily.
Proximity to corporate employment supports renter demand and commute convenience, led by Office Depot, Tenet Healthcare s Florida Region, AutoNation, Siegel Financial Group (Northwestern Mutual), and Sysco Southeast Florida.
- 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 1972 vintage is slightly older than the neighborhood average and presents straightforward value-add angles unit refreshes, systems upgrades, and curb appeal enhancements to sharpen competitiveness against newer product. Tight neighborhood occupancy, amenity density, and a growing 3-mile renter base underpin leasing durability and support disciplined rent positioning relative to nearby comparables.
Elevated ownership costs in this Boca Raton pocket tend to sustain rental reliance, while rent-to-income levels point to manageable affordability pressure that can aid retention. According to CRE market data from WDSuite, the neighborhood s occupancy performance sits above metro medians, reinforcing a thesis centered on steady cash flow with targeted capex.
- Tight neighborhood occupancy and amenity-rich location support leasing stability
- Value-add opportunity from 1972 vintage via interior and systems upgrades
- Growing 3-mile renter pool and rising incomes bolster demand depth
- Elevated ownership costs favor sustained multifamily demand and pricing power
- Risk: monitor crime trend volatility and budget for ongoing capital improvements