| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 32nd | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 134 E 9th St, Hialeah, FL, 33010, US |
| Region / Metro | Hialeah |
| Year of Construction | 1997 |
| Units | 20 |
| Transaction Date | 2005-10-31 |
| Transaction Price | $4,300,000 |
| Buyer | KINA HIALEAH LLC |
| Seller | BROTHERS INVESTMENTS |
134 E 9th St Hialeah 20-Unit Multifamily Investment
Neighborhood occupancy remains strong and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for well-positioned units. This commercial real estate analysis points to durable fundamentals, with the metrics referring to the surrounding neighborhood rather than the property itself.
This Urban Core location in Hialeah benefits from dense, daily-needs amenities that support resident retention. Neighborhood amenity access ranks competitive among Miami-Miami Beach-Kendall, FL neighborhoods (rank 44 out of 449), with groceries, pharmacies, parks, and cafes in the top deciles nationally. These conveniences typically reduce turnover friction for workforce-oriented assets.
Occupancy in the neighborhood is high and stable (97.7%), placing it in the top quartile nationally and competitive among 449 metro neighborhoods (rank 107). Renter concentration is also very high (share of housing units that are renter-occupied), indicating a deep tenant base for multifamily leasing. These are neighborhood-level indicators and not specific to the property.
Within a 3-mile radius, households have grown over the past five years and are projected to expand further even as average household size trends lower. That combination can widen the renter pool and support occupancy stability and leasing velocity for larger floor plans (the asset averages 1,401 sf per unit).
Ownership costs in this area are elevated relative to local incomes (high value-to-income ratio nationally), which tends to sustain reliance on rental housing and can support pricing power for competitive product. At the same time, neighborhood rent-to-income levels suggest some affordability pressure, calling for attentive lease management and renewal strategies.
Schools average below mid-range locally, and childcare access is limited in the immediate neighborhood, which may influence family-oriented demand positioning; however, the dense network of parks, pharmacies, groceries, and cafes helps round out livability for a wide renter base.
Safety indicators at the neighborhood level are mixed but improving. Relative to neighborhoods nationwide, overall safety sits modestly above average. Within the Miami-Miami Beach-Kendall, FL metro, the neighborhood ranks 61 out of 449 on crime, indicating stronger-than-median performance locally.
Recent trend data shows declines in both property and violent offense rates over the past year, placing the neighborhood above metro averages on improvement pace. These are neighborhood-wide metrics and should be paired with property-level diligence and standard operational protocols.
Proximity to established employers underpins renter demand through commute convenience, notably energy and logistics, diversified healthcare, homebuilding, and transportation corporate offices nearby: World Fuel Services, Johnson & Johnson, Lennar, Ryder System, and Mosaic.
- World Fuel Services — energy & logistics (4.9 miles) — HQ
- Johnson & Johnson — diversified healthcare (5.2 miles)
- Lennar — homebuilding (6.8 miles) — HQ
- Ryder System — transportation & logistics (7.2 miles) — HQ
- Mosaic — chemicals & fertilizer (9.8 miles)
134 E 9th St offers a 20-unit, larger-format multifamily profile (average 1,401 sf) in an amenity-rich Urban Core pocket of Hialeah. Neighborhood-level fundamentals point to a deep renter base, high occupancy in the top quartile among 449 metro neighborhoods, and day-to-day conveniences that support retention. According to CRE market data from WDSuite, renter-occupied share in the neighborhood is very high, reinforcing demand depth for multifamily product.
Built in 1997, the asset is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while leaving room for selective modernization to enhance rents and operating efficiency. Within a 3-mile radius, households have increased and are forecast to rise further as household sizes trend smaller, expanding the tenant base even as population growth remains muted. Elevated ownership costs locally continue to sustain rental reliance, while neighborhood rent-to-income levels call for disciplined lease management and value-focused amenity upgrades.
- High neighborhood occupancy and strong renter base support leasing stability
- 1997 vintage provides competitive positioning with targeted value-add potential
- Dense daily-needs amenities and nearby employers bolster retention
- Household growth within 3 miles and smaller household sizes expand the renter pool
- Risk: rent-to-income pressures necessitate careful renewal and pricing strategies