| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 45th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 825 Cypress Dr, West Palm Beach, FL, 33403, US |
| Region / Metro | West Palm Beach |
| Year of Construction | 1976 |
| Units | 20 |
| Transaction Date | 2004-03-31 |
| Transaction Price | $700,000 |
| Buyer | FILIPE BRASILINO |
| Seller | CORREIA EDUARDO |
825 Cypress Dr, West Palm Beach Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and improving occupancy at the area level, according to WDSuite s CRE market data. The submarket s high-cost ownership landscape and growing household base support leasing durability for well-positioned assets.
Located in an inner-suburb setting of West Palm Beach, the neighborhood rates A- and ranks 81 out of 319 metro neighborhoods, placing it above the metro median for overall performance. Amenity access is a relative strength: grocery, restaurant, pharmacy, childcare, and park availability sit in higher national percentiles, with the area competitive among West Palm Beach neighborhoods for daily needs and dining. Caf e9 density is thinner, which slightly tempers lifestyle variety but does not detract from core convenience.
For multifamily demand, the share of renter-occupied housing units in the neighborhood is above the metro median (40.5%; top-quartile position among 319), signaling a sizable tenant base and consistent leasing velocity at the neighborhood level. Neighborhood occupancy is around the national midpoint but has improved over the past five years, which supports a view of stabilizing renter dynamics; these occupancy references apply to the neighborhood, not the property.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue increasing, indicating a larger tenant base and potential renter pool expansion. The median and mean household income profiles have strengthened, creating room for professionally managed properties to balance pricing with retention. Median contract rents are higher than many national peers, while the rent-to-income ratio in the neighborhood sits near investor-friendly territory, suggesting manageable affordability pressure and supporting lease stability.
Home values in the neighborhood are elevated relative to national benchmarks, reflecting a high-cost ownership market that tends to sustain reliance on rental housing and supports pricing power for competitive units. The average neighborhood construction year is 1969. Built in 1976, the subject property is newer than the local average, which can provide a modest competitive edge versus older stock while still leaving scope for targeted system upgrades or light value-add to optimize positioning.
Safety indicators track near the middle of the pack locally, with the neighborhood ranking 176 out of 319 in the metro. Relative to national patterns, overall crime sits slightly better than average. Recent year-over-year trends in both property and violent offense estimates show declines, which supports a cautiously improving backdrop. Interpretations here reflect neighborhood-level conditions rather than the specific block or property.
Proximity to established employers underpins workforce housing demand and supports retention through commute convenience. Nearby nodes include Sysco a0Southeast Florida, NextEra a0Energy, Siegel Financial Group, Office Depot, and Tenet Healthcare a0Corporation.
- Sysco Southeast Florida d food distribution (2.1 miles)
- NextEra Energy d energy & corporate services (4.5 miles) d HQ
- Siegel Financial Group - Northwestern Mutual d financial services (5.7 miles)
- Office Depot d corporate offices (27.1 miles) d HQ
- Tenet Healthcare Corporation, Florida Region d healthcare administration (36.3 miles)
This 20-unit asset in West Palm Beach benefits from a deep renter pool, strong neighborhood convenience, and an ownership market that reinforces rental demand. According to CRE market data from WDSuite, the neighborhood s renter concentration sits above the metro median and occupancy has trended upward at the neighborhood level, supporting a case for steady leasing. Elevated home values and rising incomes within a 3-mile radius further underpin tenant depth and potential pricing durability for well-maintained units.
Constructed in 1976, the property is newer than the neighborhood s average vintage, offering relative competitiveness versus older stock while preserving optionality for targeted renovations or system updates to drive value. Amenity access is a differentiator, with strong availability of groceries, restaurants, pharmacies, childcare, and parks that can aid retention, even as school ratings and limited caf e9 density present modest drawbacks to monitor.
- Deep renter base and improving neighborhood occupancy support leasing stability
- High-cost ownership market sustains rental demand and pricing power potential
- 1976 vintage is newer than local average, with value-add upside via selective upgrades
- Strong access to daily-needs amenities aids tenant retention
- Risks: school ratings below national averages, thinner caf e9 options, and mid-pack safety metrics to monitor