| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 38th | Fair |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1075 W 77th St, Hialeah, FL, 33014, US |
| Region / Metro | Hialeah |
| Year of Construction | 1989 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1075 W 77th St, Hialeah FL Multifamily Investment
Neighborhood metrics point to stable occupancy and a deep renter base, according to WDSuite’s CRE market data, with ownership costs in Miami-Dade reinforcing steady multifamily demand.
Situated in Hialeah’s Urban Core, the property benefits from neighborhood occupancy that is competitive among the 449 Miami-Miami Beach-Kendall neighborhoods, supporting day-one leasing stability. The area’s renter-occupied share is also competitive versus the metro, signaling a broad tenant base and consistent absorption for mid-size assets.
Livability is mixed but serviceable for workforce renters. Restaurants and groceries are competitive among the metro’s neighborhoods and sit in the top quartile nationally for density, while parks, cafes, and childcare options are thinner locally. For investors, this pattern often supports practical day-to-day convenience without commanding top-tier amenity premiums.
Within a 3-mile radius, households have increased in recent years and are projected to rise further even as total population trends down, implying smaller average household sizes and a larger count of households to lease units. This dynamic supports occupancy stability and broadens the renter pool over time.
Home values sit in a higher national percentile and the local value-to-income ratio ranks above most U.S. neighborhoods, indicating a high-cost ownership market that tends to sustain renter reliance on multifamily housing. For operators, this typically aids retention and pricing discipline, particularly when paired with neighborhood occupancy strength.
The asset’s 1989 vintage is newer than the neighborhood’s average construction year of 1972, offering relative competitiveness versus older stock. Investors should still plan for selective system updates or common-area refreshes to keep positioning strong against newer deliveries.
Safety indicators are mixed. Within the Miami-Miami Beach-Kendall metro, the neighborhood’s crime rank (measured against 449 neighborhoods) sits below the metro median for safety, while nationally it trends around the middle of the pack. Violent incidents have decreased year over year and property offenses have also declined, indicating improving momentum.
For underwriting, frame assumptions using comparative context rather than block-level conclusions: trends show improvement, national standing is roughly average to modestly favorable, and metro-relative positioning is weaker. This combination argues for prudent security measures and realistic loss assumptions while recognizing the recent downward trend.
Nearby corporate offices provide diverse employment anchors that support renter demand and commute convenience for the submarket, including healthcare, logistics, energy services, and homebuilding employers listed below.
- Johnson & Johnson — healthcare & consumer products offices (0.9 miles)
- Ryder System — transport & logistics (5.3 miles) — HQ
- World Fuel Services — energy services (6.5 miles) — HQ
- Lennar — homebuilding (9.0 miles) — HQ
- Mosaic — fertilizer & resources offices (12.7 miles)
This 22‑unit, 1989-vintage asset offers exposure to a renter-heavy pocket of Miami-Dade where neighborhood occupancy is competitive among metro peers. A high-cost ownership environment supports sustained reliance on rentals, while a growing household count within a 3-mile radius points to a larger tenant base despite population contraction. Based on CRE market data from WDSuite, these conditions favor leasing stability and measured pricing power for well-managed properties.
Relative to older local stock, the vintage provides competitive positioning, though operators should plan for periodic system updates to maintain performance. Proximity to diversified employers underpins day-to-day demand, while amenity coverage is practical rather than premium, supporting workforce housing fundamentals.
- Competitive neighborhood occupancy versus the Miami metro supports stable leasing
- Renter-occupied concentration and higher ownership costs reinforce multifamily demand and retention
- Household growth within 3 miles expands the tenant base even as average household size trends lower
- 1989 vintage is newer than local average, with scope for targeted updates to enhance competitiveness
- Risk: metro-relative safety rank argues for prudent security budgeting and conservative loss assumptions