| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 32nd | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 250 E 2nd Ave, Hialeah, FL, 33010, US |
| Region / Metro | Hialeah |
| Year of Construction | 1998 |
| Units | 34 |
| Transaction Date | 1995-04-13 |
| Transaction Price | $250,000 |
| Buyer | PARK PLACEA RENTAL APTS LTD |
| Seller | BARNETT BK S FL |
250 E 2nd Ave Hialeah Multifamily Investment Opportunity
Neighborhood occupancy is strong with a deep renter-occupied base, supporting steady leasing dynamics according to WDSuite’s CRE market data. Amenity access and central Hialeah positioning add demand resilience for income-focused ownership.
Hialeah’s Urban Core location delivers daily convenience that supports renter retention. Amenity access ranks competitively among 449 Miami-Miami Beach-Kendall neighborhoods, and the area sits in the top quartile nationally for amenities, with especially dense grocery, pharmacy, park, and cafe options. This walkable services mix is a positive for day-to-day livability and leasing stability.
Multifamily fundamentals are favorable at the neighborhood level: occupancy is elevated (top quintile nationally), and the share of housing units that are renter-occupied is exceptionally high. For investors, that depth of renter concentration suggests a broad tenant pool and fewer gaps between turns, though pricing decisions should remain disciplined.
Within a 3-mile radius, households have grown in recent years and are projected to expand further even as average household size trends smaller. This points to a larger number of renting households over time, which typically supports occupancy stability and absorption of modest new supply. Median incomes have been rising, which can aid collections, but lease management should account for affordability pressure where rent-to-income ratios are elevated.
Ownership costs remain comparatively high for the area (value-to-income metrics rank in a high national percentile), which often sustains reliance on multifamily housing. That can reinforce tenant retention and pricing power for well-managed assets. School quality indicators are mixed locally, with average ratings below regional leaders; this may tilt the demand mix toward workforce renters and smaller-household segments rather than school-driven moves.
Safety signals are mixed and should be monitored over time. The neighborhood’s crime positioning ranks 61st out of 449 Miami-Miami Beach-Kendall neighborhoods, indicating it sits below the metro median on safety. Nationally, the area trends around the middle-to-better range, with property incidents closer to midpack and recent year-over-year declines in both property and violent categories.
For underwriting and operations, this suggests standard security best practices and resident communication are prudent. The recent downward trend in incident rates is encouraging, but comparative performance within the metro remains the key benchmark to track as leasing and renewal strategies are refined.
Nearby corporate offices broaden the commuter tenant base and help support weekday leasing stability, led by energy services, healthcare products, homebuilding, logistics, and chemicals employers listed below.
- World Fuel Services — energy services (4.9 miles) — HQ
- Johnson & Johnson — healthcare products (5.6 miles)
- Lennar — homebuilder (6.6 miles) — HQ
- Ryder System — logistics & transportation (7.4 miles) — HQ
- Mosaic — chemicals & fertilizers (9.7 miles)
250 E 2nd Ave is a 34-unit, 1998-vintage asset in Hialeah’s Urban Core, where neighborhood occupancy is high and renter concentration is deep, according to CRE market data from WDSuite. The 1998 construction is newer than the area’s average vintage, offering relative competitiveness versus older stock while allowing for targeted upgrades to refresh interiors and systems as part of a value-add plan.
Local amenity density (groceries, pharmacies, parks, and cafes) ranks strongly both within the Miami-Miami Beach-Kendall metro and nationally, reinforcing day-to-day livability. Within a 3-mile radius, households are increasing and are projected to continue expanding even as household sizes decline—conditions that typically support a larger tenant base, steady absorption, and occupancy stability. Balanced pricing remains important given elevated rent-to-income ratios and mixed school ratings, and investors should monitor safety trends that, while improving year over year, trail the metro median.
- High neighborhood occupancy and deep renter-occupied base support leasing stability
- 1998 vintage offers relative competitiveness with targeted value-add potential
- Strong amenity access and proximity to major employers enhance retention
- Household growth within 3 miles points to a broader tenant pool over time
- Risks: metro-relative safety positioning, affordability pressure, and disciplined pricing requirements