| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 38th | Fair |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1005 W 77th St, Hialeah, FL, 33014, US |
| Region / Metro | Hialeah |
| Year of Construction | 1973 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1005 W 77th St Hialeah Multifamily Investment
Neighborhood occupancy is high and renter-occupied housing is prevalent, supporting durable leasing and retention according to WDSuite’s CRE market data.
Situated in Hialeah’s Urban Core, the property benefits from strong rental fundamentals at the neighborhood level, where occupancy is 98.2% (about the 90th percentile nationally). A materially renter-occupied housing base (around 59% of units are renter-occupied in the neighborhood) points to a deep tenant pool and steady multifamily demand.
Everyday convenience is supported by a solid amenity mix: grocery access is competitive within the Miami-Miami Beach-Kendall metro (ranked 163 out of 449 neighborhoods) and restaurants are comparatively dense (164 out of 449). By contrast, neighborhood parks, pharmacies, and cafes are limited, which may reduce walkable recreation and service options but can be offset by short drives to nearby commercial corridors.
Within a 3-mile radius, household counts have been rising and are projected to expand further by 2028 even as population trends modestly lower, signaling smaller household sizes and a larger base of renting households. Median household incomes in the 3-mile area have trended higher over the past five years, which supports rent collections and helps sustain occupancy stability for well-managed assets.
Elevated ownership costs in the neighborhood (home values trend high relative to incomes nationally and the value-to-income ratio ranks in the upper percentiles) reinforce reliance on multifamily rentals, which can support pricing power and lease retention for competitively positioned properties.
Safety indicators show a mixed picture when contextualized properly. Compared with the Miami-Miami Beach-Kendall metro, the neighborhood’s crime rank (81 out of 449) suggests higher crime levels than many local peers. Nationally, however, the area sits slightly above the median for safety (around the 55th percentile), and recent year-over-year estimates indicate double-digit declines in both property and violent offenses, which is a constructive trend to monitor rather than a guarantee.
Proximity to established corporate employers supports workforce housing demand and commute convenience for renters, including roles in healthcare, logistics, energy, and homebuilding that can bolster leasing stability.
- Johnson & Johnson — healthcare offices (0.9 miles)
- Ryder System — logistics & transportation (5.3 miles) — HQ
- World Fuel Services — energy & fuel services (6.5 miles) — HQ
- Lennar — homebuilding (9.0 miles) — HQ
- Mosaic — corporate offices (12.6 miles)
This Hialeah asset aligns with durable renter demand drivers: high neighborhood occupancy, a majority renter-occupied housing base, and proximity to diversified employers. Elevated ownership costs in the surrounding area and improving income trends within a 3-mile radius underpin a stable tenant base and support rent levels, while grocery and dining access add everyday convenience. Based on CRE market data from WDSuite, the neighborhood’s occupancy is strong relative to national norms, and household growth nearby indicates a widening renter pool even as average household size decreases.
Key considerations include amenity gaps in immediate walkability (limited parks/cafes/pharmacies) and crime levels that run higher than many Miami-area neighborhoods despite improving year-over-year trends. Well-executed operations and thoughtful leasing strategies can help maintain occupancy and retention given the neighborhood’s renter concentration and employment access.
- High neighborhood occupancy and deep renter-occupied housing base support leasing stability.
- Proximity to diversified employers aids tenant demand and retention.
- Elevated ownership costs reinforce multifamily reliance and pricing power potential.
- Household growth within 3 miles expands the renter pool as household sizes trend smaller.
- Risks: limited nearby parks/cafes/pharmacies and crime levels above many local peers, though recent trends are improving.