| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 23rd | Poor |
| Amenities | 37th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1749 E Main St, Pahokee, FL, 33476, US |
| Region / Metro | Pahokee |
| Year of Construction | 1997 |
| Units | 42 |
| Transaction Date | 2019-08-20 |
| Transaction Price | $350,100 |
| Buyer | COUNTY OF PALM BEACH |
| Seller | ROYAL PALM LAKES LTD |
1749 E Main St Pahokee Multifamily with Stable Demand
Neighborhood occupancy has held in the low-90s with recent improvement, supporting consistent leasing and retention according to WDSuite’s CRE market data.
Located in Pahokee within the West Palm Beach–Boca Raton–Boynton Beach metro, the property’s submarket shows steady renter demand. Neighborhood occupancy is competitive among metro neighborhoods and sits around the national middle, with a modest five-year uptrend that supports income stability. The share of housing units that are renter-occupied ranks in the top quartile among 319 metro neighborhoods, indicating a deeper tenant base and potential for durable leasing.
The 1997 vintage is notably newer than the neighborhood’s older housing stock. For investors, this positioning can reduce near-term competitive pressure from dated product while still leaving room for targeted modernization of common areas and building systems to enhance rentability and renewal capture.
Livability is serviceable but modest. Grocery and pharmacy access is competitive among metro peers, while cafes, parks, and restaurants are limited locally. This mix aligns the asset toward workforce housing and value-focused renters, where convenience retail matters more than discretionary amenity clusters.
Demographic statistics aggregated within a 3-mile radius indicate recent population and household growth, with forecasts pointing to continued expansion through the next five years. A gradual shift toward smaller average household size is projected, which can broaden the renter pool and support occupancy stability. Median home values are comparatively low for the region, which can create some competition with ownership; however, rent-to-income levels in the neighborhood remain favorable, giving measured pricing latitude and supporting lease retention.
Safety metrics for the neighborhood trend around the national middle, based on WDSuite’s data. Property and violent offense rates have shown year-over-year declines recently, which is a constructive directional signal for long-term investors monitoring resident retention and insurance considerations.
Regional employers within commuting range provide a diversified base of jobs that can underpin renter demand and renewal stability, notably in foodservice distribution, energy, financial services, healthcare management, and retail corporate functions.
- Sysco Southeast Florida — foodservice distribution (35.2 miles)
- NextEra Energy — energy (36.6 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services (37.2 miles)
- Tenet Healthcare Corporation, Florida Region — healthcare management (43.2 miles)
- Office Depot — retail corporate (44.2 miles) — HQ
This 42-unit, 1997-vintage asset aligns with durable workforce demand in a neighborhood where occupancy trends are steady and the renter-occupied share is high for the metro. According to commercial real estate analysis from WDSuite, rent burdens are relatively low locally, which can support retention and measured rent growth while maintaining affordability for tenants. The property’s newer vintage versus nearby housing stock offers a competitive position today, with potential value-add upside through selective interior and common-area upgrades.
Demographic statistics within a 3-mile radius show recent and projected growth in population and households, expanding the tenant base and supporting occupancy stability over the medium term. Local amenities are practical rather than lifestyle-driven, suggesting an emphasis on price-to-value and commute convenience to regional employers across Palm Beach County.
- Competitive occupancy trends and a renter-heavy neighborhood support consistent leasing
- 1997 vintage offers relative competitiveness with targeted renovation upside
- 3-mile radius shows expanding population and household counts, reinforcing tenant demand
- Favorable rent-to-income positioning may allow measured pricing power while sustaining retention
- Risks: modest local amenity density, commute distance to major job nodes, and ownership competition from lower home values