| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 37th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18225 NW 73rd Ave, Hialeah, FL, 33015, US |
| Region / Metro | Hialeah |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18225 NW 73rd Ave Hialeah Multifamily Investment Opportunity
Renter concentration and steady neighborhood occupancy point to durable leasing fundamentals, according to WDSuite’s CRE market data. Proximity to major employers further supports demand and retention for a 24-unit asset.
Situated in Miami-Dade’s Urban Core, the neighborhood scores a B+ and ranks 145 out of 449 metro neighborhoods, indicating competitive positioning within the metro. Amenity access trends favorable: the area ranks in the top quartile nationally for overall amenity access by metro rank translation, with restaurants and cafes comparing strongly versus neighborhoods nationwide.
Day-to-day conveniences are a strength. Restaurant and cafe density track around the 90th percentile nationally, and grocery and pharmacy access are also above national medians, according to WDSuite’s CRE market data. Park acreage is limited locally, which may temper open-space appeal.
For schools, the neighborhood’s average rating trends below national norms (around the 15th percentile), which can influence unit mix strategy and marketing toward tenants prioritizing commute convenience and services over school quality.
Renter-occupied share in the neighborhood is high (over 60%), signaling depth in the tenant base and supporting demand for multifamily. Neighborhood occupancy is above the national median, aiding leasing stability. Within a 3-mile radius, population and household counts have grown in recent years and are projected to rise further, indicating a larger tenant base and supporting long-run absorption; smaller average household sizes in the outlook suggest continued demand for rental units.
Home values are elevated relative to local incomes, and rent-to-income measures are on the higher side for the metro. In investor terms, this reinforces reliance on multifamily housing while calling for thoughtful lease management and renewal strategies to mitigate affordability pressure.
Safety indicators trail national medians, with both violent and property offense metrics sitting in lower national percentiles compared with neighborhoods nationwide. Within the Miami-Miami Beach-Kendall metro (449 neighborhoods), the area’s crime rank places it below the metro median for safety. Recent data from WDSuite shows property offense rates declining year over year, suggesting gradual improvement, but investors should still underwrite with prudent security and operating assumptions.
The location sits near a diverse employment base that supports renter demand and commute convenience, including Johnson & Johnson, Ryder System, World Fuel Services, Lennar, and AutoNation.
- Johnson & Johnson — corporate offices (2.7 miles)
- Ryder System — logistics & transportation (6.4 miles) — HQ
- World Fuel Services — energy & logistics (9.1 miles) — HQ
- Lennar — homebuilding (11.7 miles) — HQ
- AutoNation — automotive retail (16.5 miles) — HQ
Built in 2000, the asset is newer than the neighborhood average stock and should remain competitive versus older Class B inventory, while investors can plan for targeted system updates and cosmetic upgrades to drive rent positioning. Neighborhood occupancy sits above the national median and the local renter-occupied share is high, supporting demand stability; according to CRE market data from WDSuite, amenity access is strong relative to national peers, which helps retention even as parks are limited.
Within a 3-mile radius, population and household counts have increased and are expected to grow further, pointing to a larger tenant base and supportive absorption over the hold period. Ownership costs run high relative to incomes in the neighborhood context, reinforcing reliance on rental housing. Underwriting should account for affordability pressure and below-median school ratings, but proximity to major employers and solid amenity access underpin steady leasing.
- Newer 2000 vintage offers a competitive edge vs. older local stock with selective value-add potential
- High renter-occupied share and above-median neighborhood occupancy support stable demand
- Strong access to daily amenities and proximity to major employers aid retention
- Growing 3-mile population and households expand the tenant base and support absorption
- Risks: safety metrics below national median, limited parks, and affordability pressure require prudent lease and operating management