| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 30th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 250 W 74th Pl, Hialeah, FL, 33014, US |
| Region / Metro | Hialeah |
| Year of Construction | 1973 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
250 W 74th Pl Hialeah 36-Unit Multifamily Investment
Neighborhood occupancy is strong and renter concentration is high, supporting stable demand near Miami’s inner suburbs, according to WDSuite’s CRE market data. Built in 1973, the asset may benefit from targeted renovations to modernize systems and capture value-add upside.
The property sits in an Inner Suburb of Hialeah within the Miami-Miami Beach-Kendall metro. Neighborhood occupancy is high (top quartile nationally) and ranks in the top quartile among 449 metro neighborhoods, a positive backdrop for maintaining leased units and managing turnover. Renter-occupied housing accounts for a substantial share of units (66.1%), placing the area among the higher renter concentrations in the metro, which deepens the tenant base for multifamily operators.
Amenity access is competitive among Miami-Miami Beach-Kendall neighborhoods (ranked 136 out of 449), with solid coverage of groceries, pharmacies, and restaurants. Cafes and grocers score in higher national percentiles, while formal childcare options are comparatively limited, which may influence tenant mix and service demand rather than core leasing fundamentals.
Within a 3-mile radius, household counts have grown despite population softening, and forecasts point to continued increases in households alongside smaller average household sizes. This shift typically supports a larger renter pool and can help sustain occupancy. Median contract rents have risen over the last five years, and neighborhood housing metrics sit above the national median, indicating durable demand for professionally managed rentals.
Home values relative to incomes are elevated compared with national norms, which tends to reinforce reliance on multifamily rentals and can support pricing power and lease retention. At the same time, rent-to-income levels indicate some affordability pressure, suggesting operators should emphasize renewal strategies and measured rent steps to balance occupancy and revenue.
Safety trends are mixed. Relative to neighborhoods nationwide, this area sits below the national median for safety, and its crime rank places it below the metro median among 449 Miami-Miami Beach-Kendall neighborhoods. However, property offense rates have declined meaningfully year over year, placing that improvement in a stronger tier nationally, which suggests recent momentum in the right direction.
Investors should underwrite to current operating realities, focus on standard risk controls (lighting, access management, and tenant screening), and monitor neighborhood trendlines rather than block-level conclusions.
Proximity to corporate offices supports a steady commuter renter base and leasing retention. Nearby employers include healthcare and consumer products, logistics, energy services, homebuilding, and industrial production offices listed below.
- Johnson & Johnson — healthcare & consumer products offices (1.1 miles)
- Ryder System — logistics (6.2 miles) — HQ
- World Fuel Services — energy services (6.8 miles) — HQ
- Lennar — homebuilding (9.3 miles) — HQ
- Mosaic — fertilizers & industrial products (11.7 miles)
This 36-unit asset offers scale in a renter-heavy Hialeah neighborhood where occupancy performance is strong compared with both the metro and the nation. Based on CRE market data from WDSuite, the surrounding area shows durable renter demand supported by a broad employment base and amenity coverage, while elevated ownership costs relative to income tend to keep multifamily competitive. The 1973 vintage points to value-add potential through modernization and system upgrades; the average unit size around 1,600 square feet provides flexibility for reconfigurations or premium finishes to enhance revenue.
Within a 3-mile radius, households have increased and are projected to keep rising as household sizes trend smaller, a combination that generally supports occupancy stability and a growing renter pool. Rents have advanced over the past five years and are projected to rise further, which can underpin revenue management, though operators should calibrate increases against local rent-to-income conditions and watch neighborhood safety trends.
- High neighborhood occupancy and strong renter concentration support leasing stability
- 1973 vintage with clear value-add pathway via renovations and system upgrades
- Large average unit sizes enable repositioning or premium finish strategies
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Risks: below-median safety relative to nation and affordability pressure require disciplined rent steps and operating controls