| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 29th | Poor |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1355 W 53rd St, Hialeah, FL, 33012, US |
| Region / Metro | Hialeah |
| Year of Construction | 1972 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1355 W 53rd St Hialeah Multifamily Income Asset
Neighborhood occupancy is high, according to CRE market data from WDSuite, supporting stable renter demand in an amenity-rich pocket of Hialeah within the Miami metro.
Positioned in Hialeah’s Urban Core, the neighborhood scores competitive among Miami-Miami Beach-Kendall neighborhoods (A- rating; rank 95 of 449) with a mix of daily conveniences and transit-friendly density. Amenities index in the top quartile nationally, with strong access to groceries, parks, pharmacies, cafes, and restaurants supporting everyday livability and leasing appeal.
At the neighborhood level, occupancy is elevated relative to national norms, which can support cash flow consistency for nearby multifamily assets. Renter-occupied housing represents a meaningful share of local units (about two-fifths), indicating a deep tenant base for workforce-oriented product without overreliance on transient demand.
Within a 3-mile radius, household counts have increased in recent years and are projected to continue rising even as population trends edge lower—pointing to smaller average household sizes and a broader household base. This pattern typically expands the renter pool and helps sustain occupancy, particularly for larger floor plans.
Homeownership costs benchmark above local incomes, and neighborhood rents sit above national medians. In practice, this high-cost ownership market tends to reinforce reliance on multifamily housing, supporting tenant retention, though lease management should account for affordability pressure. Average school ratings in the area trend below national averages, which may shape the resident mix but doesn’t preclude steady apartment demand given proximity to jobs and services.
Neighborhood safety indicators sit below the national median (around the 40th percentile nationwide), placing the area closer to the metro middle rather than top-tier safety clusters. Year-over-year trends are mixed: violent offense rates are roughly flat while property incidents have risen modestly, based on CRE market data from WDSuite. Investors typically address this with targeted on-site measures and resident engagement to support retention.
Proximity to major corporate offices underpins commuter demand and supports retention for workforce housing, with a cluster of employers within 8 miles including healthcare products, logistics, energy services, and homebuilding.
- Johnson & Johnson — healthcare products (2.4 miles)
- Ryder System — logistics (4.7 miles) — HQ
- World Fuel Services — energy services (5.0 miles) — HQ
- Lennar — homebuilding (7.5 miles) — HQ
- Mosaic — fertilizer & industrial products (12.4 miles)
1355 W 53rd St offers scale at 60 units with larger-than-typical average floor plans, aligning with a neighborhood that shows strong livability and elevated occupancy versus national benchmarks. According to CRE market data from WDSuite, the surrounding area demonstrates top-quartile amenity access nationally and a renter base sufficient to support leasing stability, while household growth within 3 miles points to a broader tenant pool even as population levels normalize.
Ownership costs run high relative to incomes in this part of the Miami metro, which generally sustains demand for rentals and can aid retention; however, rent-to-income levels suggest prudent lease management and renewal strategy. School quality trends are weaker and safety sits below national medians, factors best addressed through property-level operations and positioning.
- Elevated neighborhood occupancy and strong amenity access support leasing stability
- Larger average unit size enhances appeal to households seeking space
- High-cost ownership context reinforces multifamily demand and retention
- Expanding household counts within 3 miles indicate a broader renter pool
- Risks: affordability pressure, below-median safety, and weaker school ratings