| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 29th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 331 Toney Penna Dr, Jupiter, FL, 33458, US |
| Region / Metro | Jupiter |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
331 Toney Penna Dr, Jupiter Multifamily Investment
Neighborhood-level occupancy is steady and renter demand is deep, according to WDSuite’s CRE market data, positioning this asset for durable leasing in Jupiter’s inner-suburban setting.
Situated in Jupiter’s Inner Suburb, the property benefits from a location that is competitive among West Palm Beach–Boca Raton–Boynton Beach neighborhoods (rank 122 out of 319). Neighborhood occupancy is 92.4% (neighborhood metric, not property-specific), a constructive backdrop for maintaining tenant stability.
Daily needs are well covered: grocery and pharmacy access both sit in the top national percentiles, and parks access is similarly strong. Restaurant density is above the national norm, while cafes are limited. For investors, this mix supports day-to-day livability and resident retention even without destination retail on every block.
Renter concentration at the neighborhood level is high, with a large share of housing units renter-occupied. That depth of tenant base typically supports absorption and renewals for multifamily assets. Within a 3-mile radius, projections indicate a modest increase in households over the next five years, implying a larger tenant base and supporting occupancy stability.
Ownership costs in the area are elevated relative to incomes nationally, which tends to sustain reliance on rental housing and can bolster pricing power for well-maintained units. At the same time, the local rent-to-income profile suggests manageable affordability pressure, a constructive setup for lease retention and measured rent growth based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood sit near the national middle, and the area trends slightly below the metro average when compared with other West Palm Beach–Boca Raton–Boynton Beach neighborhoods (rank 215 out of 319). Interpreting these figures at a neighborhood level (not property-specific) provides context rather than a prediction.
Recent data show an improvement in property offenses over the past year, while violent offenses ticked higher in the same period. For investors, this mixed pattern calls for standard risk management and tenant-experience practices rather than signaling a structural shift.
Proximity to major employers underpins renter demand through commute convenience, notably energy, food distribution, financial services, office retail, and healthcare administration. The employers below reflect the nearby workforce drivers most relevant to leasing stability.
- NextEra Energy — energy (5.2 miles) — HQ
- Sysco Southeast Florida — food distribution (10.9 miles)
- Siegel Financial Group - Northwestern Mutual — financial services (14.9 miles)
- Office Depot — office retail corporate (36.0 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (44.3 miles)
Built in 1977, this 24-unit asset offers clear value-add potential: systems and finishes may warrant modernization, and thoughtful capital planning can enhance competitiveness against newer stock. Neighborhood fundamentals are constructive for multifamily, with high renter-occupied share, steady neighborhood occupancy (neighborhood metric), and strong daily-needs amenities that support retention.
Within a 3-mile radius, projections point to an increase in households and higher-income cohorts, expanding the renter pool and supporting leasing. Elevated ownership costs in the area tend to reinforce demand for rentals, and, according to CRE market data from WDSuite, local rent-to-income dynamics indicate room for disciplined revenue management over time.
- 1977 vintage positions the asset for targeted renovations and value-add upside
- High neighborhood renter-occupied share and steady occupancy support leasing durability
- Strong access to groceries, pharmacies, parks, and restaurants aids resident retention
- Household growth and rising incomes within 3 miles enlarge the tenant base
- Risks: older building capex, mixed safety trends, and limited cafe options warrant active management