| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 31st | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2175 W 52nd St, Hialeah, FL, 33016, US |
| Region / Metro | Hialeah |
| Year of Construction | 1995 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2175 W 52nd St Hialeah Multifamily Opportunity
Neighborhood occupancy trends sit in the mid-90s, supporting stable leasing conditions for multifamily, according to WDSuite’s CRE market data. These figures reflect the surrounding neighborhood, not the property, and point to durable renter demand in this Hialeah location.
Situated in Miami-Dade’s Urban Core, the neighborhood posts an occupancy rate that is above the metro median among 449 Miami neighborhoods, a constructive backdrop for maintaining tenancy. Renter-occupied housing concentration is competitive among Miami neighborhoods and sits in the top quartile nationally, indicating a deep tenant base that can help sustain leasing velocity and retention.
Daily-life amenities skew toward services and dining: restaurant, cafe, childcare, and pharmacy density all rank high nationally, while parks and grocery options are limited within neighborhood boundaries. For investors, this mix suggests convenience-driven appeal with potential for additional retail services nearby, though residents may travel slightly farther for green space and full-line grocers.
Demographics aggregated within a 3-mile radius show fewer residents but more households over the last five years, with average household size trending smaller. That combination generally expands the renter pool and supports occupancy stability even as population growth moderates. Forward-looking estimates point to continued household growth and a marginal shift toward renter households, which can underpin demand for well-managed multifamily product.
The asset’s 1995 construction is newer than the local average vintage (1980s), offering a relative competitive edge versus older stock. Investors should still plan for systems modernization and selective upgrades to meet current renter preferences, but starting from a mid-1990s baseline can lower near-term capex intensity compared with older properties.
On affordability, neighborhood home values are elevated relative to incomes in national terms, which tends to reinforce reliance on rental housing and can support pricing power. At the same time, rent-to-income ratios indicate higher affordability pressure locally, calling for disciplined lease management and attention to renewal strategies to mitigate turnover risk.
Safety indicators are mixed when benchmarked nationally. Overall crime sits below the national median for safety, while recent data shows a notable year-over-year decline in property offenses alongside an increase in violent offenses. Within the Miami metro, the neighborhood trends around the middle of the pack among 449 neighborhoods, suggesting conditions that warrant standard risk controls rather than extraordinary assumptions.
For underwriting, consider prudent measures such as lighting, access control, and community engagement. Monitoring trend direction is important: the recent improvement in property offenses is constructive, but the uptick in violent offenses implies continued attention to security and resident communication.
Nearby corporate offices provide a diversified employment base that supports renter demand and retention, with commutable access to healthcare products, logistics, energy, and homebuilding employers listed below.
- Johnson & Johnson — healthcare & consumer products offices (2.9 miles)
- Ryder System — logistics & transportation (3.7 miles) — HQ
- World Fuel Services — energy & fuel services (4.5 miles) — HQ
- Lennar — homebuilding (7.0 miles) — HQ
This 38-unit, 1995-vintage property benefits from a neighborhood with above-metro-median occupancy and a strong share of renter-occupied units, supporting depth of demand. Demographics within a 3-mile radius show rising household counts and smaller household sizes, trends that typically expand the renter pool and bolster leasing stability. According to CRE market data from WDSuite, local ownership costs are relatively high compared with incomes, which tends to sustain reliance on multifamily rentals and can support pricing power when paired with disciplined operations.
The mid-1990s vintage provides a competitive position versus older sub-1980s stock, while still allowing value-add potential through targeted renovations and systems updates. Investors should underwrite with attention to affordability pressure and mixed safety trends, balancing rent growth expectations with retention-focused strategies and standard security measures.
- Above-metro-median neighborhood occupancy supports leasing stability and retention.
- Strong renter-occupied housing concentration indicates a deep tenant base.
- 1995 vintage offers competitive positioning vs. older stock with clear value-add paths.
- Household growth and smaller household sizes within 3 miles expand the renter pool.
- Risks: elevated rent-to-income ratios and mixed safety signals call for careful lease and security strategies.