| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 25th | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1907 N Haverhill Rd, West Palm Beach, FL, 33417, US |
| Region / Metro | West Palm Beach |
| Year of Construction | 1980 |
| Units | 22 |
| Transaction Date | 2009-07-31 |
| Transaction Price | $4,265,000 |
| Buyer | BARONE PELLEGRINO |
| Seller | CONTINENTAL GARDENS OF MIAMI INC |
1907 N Haverhill Rd West Palm Beach Multifamily Investment
Neighborhood renter concentration is high and occupancy sits around the national middle, pointing to steady tenant demand according to WDSuite s CRE market data.
Positioned in an Inner Suburb of West Palm Beach, the immediate area shows durable renter demand signals. Neighborhood occupancy is near the national midpoint, while a high share of housing units are renter-occupied, indicating a deep tenant base and generally consistent leasing.
Daily needs are convenient: grocery and restaurant density rank competitively in the metro (among 319 neighborhoods) and trend in the top tier nationally, supporting livability for residents. Park and cafe access are limited in the immediate blocks, which modestly tempers lifestyle appeal but does not materially disrupt access to essentials.
Demographics aggregated within a 3-mile radius show population growth and a projected increase in households alongside gradually smaller household sizes, which can expand the renter pool and support occupancy stability. Household incomes are rising in the area, and median home values remain elevated for the region, reinforcing reliance on multifamily rentals versus ownership for many households.
From an investor lens, rents track in the upper half of national peers while the neighborhood s rent-to-income positioning signals some affordability pressure. This supports disciplined revenue management and resident retention strategies rather than aggressive near-term rent pushes, based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood sit around or modestly better than national midpoints, with violent offense metrics trending above the national median for safety and property offense levels close to the national middle. Recent data points to a notable year-over-year decline in estimated property offenses, suggesting improving conditions compared with broader patterns.
Within the West Palm Beach Boca Raton Boynton Beach metro (319 neighborhoods), the area s safety profile is mixed relative to peers but broadly consistent with national norms. Investors should focus on on-site lighting, access controls, and management presence to sustain resident confidence and support leasing stability over time.
Proximity to financial services, food distribution, energy, office retail, and healthcare employers supports a diverse commuter base and can aid weekday occupancy and renewals for workforce renters.
- Siegel Financial Group Northwestern Mutual financial services (3.6 miles)
- Sysco Southeast Florida food distribution (4.8 miles)
- NextEra Energy energy (11.3 miles) HQ
- Office Depot office supplies retail (20.8 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare management (29.4 miles)
This 22-unit asset benefits from a high renter-occupied housing share in the neighborhood, grocery and restaurant density that supports daily convenience, and 3-mile demographic trends that point to a larger tenant base over time. Rents align with the national upper half while neighborhood occupancy is around the national midpoint, supporting steady operations and room to optimize through management and targeted unit refreshes where appropriate, according to CRE market data from WDSuite.
Elevated ownership costs in the area continue to sustain reliance on rental housing, which can underpin demand across cycles. Key watch items include measured affordability pressure (rent-to-income positioning) and limited park/cafe amenities nearby, both of which argue for thoughtful retention strategies and community-building programming to maintain leasing velocity.
- High neighborhood renter concentration supports depth of tenant demand and leasing resilience.
- Grocery and restaurant density boost livability and day-to-day convenience for residents.
- 3-mile population and household growth signal a larger renter pool and support occupancy stability.
- Rents in the national upper half with occupancy around the middle offer steady operations with management-driven upside.
- Risks: affordability pressure (rent-to-income), limited parks/cafes nearby; prioritize retention and resident experience to mitigate.