| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 25th | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5112 Stacy St, West Palm Bch, FL, 33417, US |
| Region / Metro | West Palm Bch |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5112 Stacy St, West Palm Beach Multifamily Investment
Workforce-oriented location with a large renter base and competitive neighborhood occupancy, according to WDSuite’s CRE market data. Steady renter demand and proximity to jobs support income durability for a 24-unit asset.
This inner-suburb pocket of West Palm Beach offers everyday convenience and broad renter appeal. Neighborhood grocery and dining access rank strong versus national norms (both in the 90th-plus percentile), while overall amenity access sits around the metro middle. For investors, that mix supports day-to-day livability without relying on destination retail.
The neighborhood’s occupancy performance is competitive among West Palm Beach-Boca Raton-Boynton Beach neighborhoods (244 total in-metro peers), suggesting stable leasing conditions rather than outsized vacancy risk. Renter-occupied housing share is high for the metro, indicating a deep tenant base that can support consistent absorption and turnover management.
Within a 3-mile radius, population has expanded in recent years and households have grown faster than population, reflecting smaller household sizes. That dynamic typically increases apartment demand by adding more households to the market even when headcount growth is modest. Forward-looking projections point to continued increases in households, reinforcing a larger tenant base and supporting occupancy stability.
Ownership costs are elevated relative to incomes in this area by national standards, which tends to sustain reliance on rental housing and can aid lease retention. At the same time, rent-to-income levels signal affordability pressure for some cohorts, so disciplined rent setting and renewals remain important to manage turnover.
Safety indicators for the neighborhood sit around the middle of the metro landscape (among 319 West Palm Beach-Boca Raton-Boynton Beach neighborhoods), while comparing somewhat better than average nationally. Property offense rates have trended down over the past year, an encouraging sign for long-term livability.
Investors should view these metrics as neighborhood-level context rather than block-specific readings and monitor trends over time alongside on-site measures such as lighting, access control, and resident engagement.
Nearby employers span financial services, food distribution, energy, office supplies, and healthcare administration — a diverse base that supports renter demand and commute convenience for workforce housing.
- Siegel Financial Group - Northwestern Mutual — financial services (3.7 miles)
- Sysco Southeast Florida — food distribution (5.3 miles)
- NextEra Energy — energy (11.8 miles) — HQ
- Office Depot — office supplies (20.2 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (28.9 miles)
Built in 1985, the asset is slightly newer than the neighborhood’s average vintage, offering a competitive edge versus older stock while leaving room for targeted system upgrades or value-add renovations. According to CRE market data from WDSuite, the surrounding neighborhood shows competitive occupancy within the metro and a high concentration of renter-occupied units — factors that support demand depth and income stability.
Household growth within a 3-mile radius, coupled with shrinking average household size, expands the renter pool and supports steady absorption. Elevated ownership costs relative to incomes reinforce reliance on multifamily housing, though rent-to-income levels warrant disciplined leasing and renewal strategies to manage retention risk.
- Workforce location with competitive neighborhood occupancy and strong day-to-day amenities
- 1985 vintage offers operational upside via targeted renovations and systems updates
- 3-mile household growth and smaller household sizes support ongoing renter demand
- Elevated ownership costs sustain multifamily demand and can aid lease retention
- Risk: affordability pressure requires prudent rent setting and active renewal management