| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Poor |
| Demographics | 38th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2404 Schall Cir, West Palm Beach, FL, 33417, US |
| Region / Metro | West Palm Beach |
| Year of Construction | 1983 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2404 Schall Cir West Palm Beach Multifamily Opportunity
Amenity-rich inner suburb with stable renter demand supported by strong retail access and employer proximity, according to WDSuite’s CRE market data. Neighborhood occupancy and rent-to-income dynamics warrant disciplined leasing and renewal strategies.
Located in an Inner Suburb of West Palm Beach, the area surrounding 2404 Schall Cir benefits from strong daily-needs access. Grocery and pharmacy density ranks among the top quartile nationally, and restaurants are similarly plentiful, supporting resident convenience and leasing velocity for workforce-oriented assets.
Amenity positioning is competitive among West Palm Beach–Boca Raton–Boynton Beach neighborhoods (20th of 319 by amenity rank), while café density is limited, indicating everyday retail strength over boutique offerings. Parks and childcare access trend above national averages, contributing to broader livability for family households.
The property’s 1983 vintage is somewhat newer than the neighborhood’s average construction year (1972). For investors, this suggests relative competitiveness versus older local stock, with potential to further modernize interiors and systems as part of a targeted value-add plan.
Tenure patterns vary by lens. At the neighborhood level, the share of housing units that are renter-occupied is below half, implying an owner-leaning micro-market and some competition from for-sale alternatives. Within a 3-mile radius, however, renter-occupied share is roughly balanced with owners, creating a deeper tenant base for multifamily assets.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue expanding, with households rising faster than population — a setup that typically produces a larger tenant base and supports occupancy stability. Median contract rents in the neighborhood sit above many national peers, while rent-to-income metrics indicate affordability pressure; prudent income verification and renewal management can help sustain retention.
Home values in the immediate neighborhood are comparatively lower versus national medians, which can improve the accessibility of ownership and introduce competition with entry-level for-sale housing. For multifamily owners, this mix argues for product differentiation and service quality to preserve pricing power.
Safety metrics for the neighborhood are around the metro middle when compared with 319 West Palm Beach–Boca Raton–Boynton Beach neighborhoods. Nationally, the area trends better than average on several indicators, with violent and property offense rates positioned above the national median for safety.
Recent trends are mixed: property offenses have declined meaningfully year over year, while violent incidents showed an uptick, according to CRE market data from WDSuite. Investors should underwrite with standard security best practices and monitor submarket trendlines rather than drawing block-level conclusions.
Proximity to diversified employers supports commuter convenience and renter retention, including financial services, food distribution, energy, office supplies, and healthcare administration.
- Siegel Financial Group - Northwestern Mutual — financial services offices (3.1 miles)
- Sysco Southeast Florida — foodservice distribution (4.3 miles)
- NextEra Energy — energy & corporate offices (10.8 miles) — HQ
- Office Depot — office supplies corporate (21.1 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (29.9 miles)
This 76-unit asset, built in 1983, aligns with a value-add or light-renovation strategy: it is newer than much of the local stock, yet reaching an age where targeted system and interior upgrades can refresh competitiveness. The location’s strength lies in dense daily-needs retail and access to diversified employers, which together reinforce leasing fundamentals even as the neighborhood shows owner-leaning tenure.
Within a 3-mile radius, population growth and a faster increase in households point to a larger tenant base ahead, supporting occupancy stability with disciplined leasing. At the same time, neighborhood rent levels relative to incomes suggest affordability pressure; prudent underwriting on renewals and unit turns remains important. According to CRE market data from WDSuite, amenity access ranks well in the metro, while safety sits near the metro middle with improving property crime but some volatility in violent incidents — a balanced but monitorable risk profile.
- Amenity-rich inner suburb with top-tier grocery, pharmacy, and restaurant access supporting leasing velocity
- 1983 vintage offers value-add and modernization potential versus older neighborhood stock
- 3-mile radius shows population and household growth, expanding the renter pool and aiding retention
- Employer proximity across energy, healthcare, and distribution underpins workforce demand
- Risks: owner-leaning neighborhood tenure, affordability pressure relative to incomes, and mixed but stable-to-improving safety trends