| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 31st | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1475 W 39th Pl, Hialeah, FL, 33012, US |
| Region / Metro | Hialeah |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1475 W 39th Pl Hialeah Multifamily Investment
Neighborhood occupancy trends are strong and supportive of lease stability, according to CRE market data from WDSuite, with renter demand reinforced by the area s urban core amenities. Metrics cited below reflect neighborhood conditions, not property-level performance.
The property sits in Hialeah s Urban Core within the Miami Miami Beach Kendall metro, where the neighborhood is competitive among 449 metro neighborhoods by overall rating (B+). Amenity access is a relative strength: restaurants and groceries are dense for the area (both above national medians), and parks score in the top quartile nationally, supporting day-to-day livability that tends to aid retention.
Average neighborhood construction skews late-1970s, while this asset s 1985 vintage is somewhat newer. That positioning can reduce near-term modernization gaps versus older stock, though investors should still plan for targeted systems updates and value-add interior finishes to remain competitive.
Schools in the neighborhood average around 3.0 out of 5 (above the national median), and daily conveniences are accessible, though pharmacy availability is limited within the immediate neighborhood. For operators, this mix suggests solid livability drivers with a few service gaps to weigh in marketing and resident-experience planning.
Tenure data indicates a renter-occupied share near the majority at the neighborhood level, implying a broad tenant base for workforce and family-oriented product. Within a 3-mile radius, demographics show households have grown in recent years and are projected to increase further even as population edges lower, reflecting smaller household sizes and a potential renter pool expansion. Median home values and value-to-income levels are elevated in context, which in turn supports sustained reliance on multifamily rentals and can bolster lease-up and renewal prospects.
Neighborhood rents benchmark above many U.S. areas, and occupancy performance ranks in the top decile nationally, based on CRE market data from WDSuite. While this backdrop supports pricing power, elevated rent-to-income levels locally call for disciplined lease management to balance growth with retention.
Safety indicators for the neighborhood are below the national median overall, with violent offense rates weaker than many U.S. neighborhoods and property crime closer to the national middle. Recent year-over-year readings point to some uptick, so investors may want to underwrite security measures and resident engagement to support community stability.
These metrics reflect neighborhood-level conditions rather than the property itself, and trends should be compared with submarket and metro benchmarks during due diligence.
The surrounding employment base includes nearby corporate offices and headquarters that support commuter convenience and multifamily renter demand, notably Johnson & Johnson, World Fuel Services, Ryder System, Lennar, and Mosaic.
- Johnson & Johnson healthcare products (3.3 miles)
- World Fuel Services energy & logistics (4.2 miles) HQ
- Ryder System transportation & logistics (4.6 miles) HQ
- Lennar homebuilding (6.7 miles) HQ
- Mosaic fertilizers & mining (12.2 miles)
This 20-unit, 1985-vintage asset offers durable demand drivers in an urban Hialeah location where neighborhood occupancy is consistently strong and the renter-occupied share provides depth to the tenant pool. Within a 3-mile radius, households have increased and are projected to expand further even as average household size declines, signaling a larger renter base and support for occupancy stability. Elevated ownership costs in the area reinforce reliance on multifamily rentals, while, according to CRE market data from WDSuite, neighborhood performance compares favorably to national benchmarks on occupancy and amenities.
From an operations standpoint, the vintage is somewhat newer than the neighborhood s average stock, suggesting moderate capital needs with potential value-add upside through targeted renovations. Affordability pressure and below-median safety readings at the neighborhood level warrant prudent underwriting, resident experience programming, and measured rent growth to sustain retention.
- Strong neighborhood occupancy and amenity access support leasing stability
- 1985 vintage is newer than local average, enabling targeted value-add execution
- 3-mile household growth and smaller household sizes point to renter pool expansion
- Elevated ownership costs in context bolster demand for rentals
- Risks: high rent-to-income levels and below-median safety require disciplined lease and security strategies