| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 36th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1875 W 44th Pl, Hialeah, FL, 33012, US |
| Region / Metro | Hialeah |
| Year of Construction | 1977 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1875 W 44th Pl Hialeah Multifamily Investment
Neighborhood renter demand is durable, supported by high occupancy and a deep renter-occupied housing base, according to WDSuite’s CRE market data. The asset offers scale at 44 units in an Inner Suburb location with daily-needs amenities nearby.
The property sits in Hialeah’s Inner Suburb fabric within the Miami-Miami Beach-Kendall metro, where the neighborhood carries a B+ rating and ranks 121 out of 449 neighborhoods — competitive among Miami-Miami Beach-Kendall neighborhoods. Amenity access is a local strength: restaurants and pharmacies score in the high national percentiles, and grocery options are dense by regional standards.
For multifamily operations, the neighborhood’s occupancy is 98.5%, placing it in the top quartile nationally and above the metro median, based on CRE market data from WDSuite. Renter-occupied housing represents roughly 63% of units in this neighborhood, indicating a sizable tenant base that supports leasing velocity and renewal depth.
Within a 3-mile radius, households have increased over the past five years and are projected to expand further even as population trends edge lower — a pattern consistent with smaller household sizes and more households entering the market. This dynamic typically enlarges the renter pool and can support occupancy stability. Contract rents in the area have risen historically and are projected to continue climbing, which underscores pricing power but warrants attention to affordability management.
Ownership costs are elevated relative to local incomes by national comparison (value-to-income metrics sit in higher national percentiles), which tends to reinforce reliance on multifamily rentals and can aid retention. The main lifestyle trade-off is limited park access in the immediate neighborhood; investors should weigh this against strong daily-needs coverage and abundant food-and-beverage options.
Safety indicators in this neighborhood trend below national and metro averages (crime rank 315 out of 449 within the Miami-Miami Beach-Kendall metro; national safety percentile in the 30s). This suggests investors should underwrite prudent security and insurance assumptions.
That said, recent data show property offenses declining year over year, placing the neighborhood above the national midpoint for improvement momentum. Violent offense metrics remain weaker by national comparison, so maintaining standard risk controls and resident communication programs remains advisable.
Nearby corporate offices provide a diverse employment base that supports renter demand and commute convenience, led by Johnson & Johnson, Ryder System, World Fuel Services, Lennar, and Mosaic.
- Johnson & Johnson — corporate offices (3.2 miles)
- Ryder System — corporate offices (4.0 miles) — HQ
- World Fuel Services — corporate offices (4.2 miles) — HQ
- Lennar — corporate offices (6.7 miles) — HQ
- Mosaic — corporate offices (12.8 miles)
At 44 units with a 1977 vintage, the property aligns with the submarket’s typical stock and presents clear value-add pathways through targeted renovations and system upgrades. Neighborhood fundamentals are investor-friendly: occupancy is strong, renter concentration is high, and household growth within a 3-mile radius points to a larger tenant base even as population trends level. Elevated ownership costs versus incomes further support sustained demand for rentals, according to CRE market data from WDSuite.
Operational focus should balance pricing power with retention, as rent-to-income levels indicate some affordability pressure. Amenity depth (food, pharmacy, and grocery) enhances day-to-day livability, while limited park access and below-average safety metrics argue for thoughtful capex planning and community programming to support resident satisfaction and risk management.
- High neighborhood occupancy and deep renter base support leasing stability
- 1977 vintage offers value-add potential via unit and building upgrades
- Household growth within 3 miles expands the tenant pool despite softer population trends
- Elevated ownership costs versus incomes reinforce multifamily demand and retention
- Key risks: affordability pressure, limited parks, and below-average safety metrics