| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 37th | Fair |
| Amenities | 51st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 995 W 74th St, Hialeah, FL, 33014, US |
| Region / Metro | Hialeah |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
995 W 74th St, Hialeah FL Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy for the metro, according to WDSuite’s CRE market data.
Located in Hialeah’s Urban Core within the Miami-Miami Beach-Kendall metro, the neighborhood carries a B rating and ranks 213 out of 449 neighborhoods overall. Occupancy in the surrounding area is strong and above the metro median, with the neighborhood positioned in the top quartile nationally for occupancy. A majority of housing units are renter-occupied, indicating a deep tenant base that can support leasing stability for a 30-unit asset.
Daily needs are well served: cafes and childcare access benchmark in the upper national percentiles, and grocery options are solid relative to peers. By contrast, parks and pharmacies are limited in the immediate area, which investors should weigh against otherwise convenient neighborhood services.
The local ownership market skews higher-cost by national standards (home values benchmark around the 75th percentile), which tends to sustain reliance on multifamily rentals and can support pricing power. At the same time, rent-to-income metrics signal some affordability pressure, suggesting the need for thoughtful lease management to balance rent growth with retention.
Within a 3-mile radius, recent years saw modest population contraction while household counts increased and are projected to grow further. This points to smaller household sizes and a potentially expanding renter pool, a dynamic that can support occupancy stability and absorption even as demographics evolve. Average school ratings trend above national midpoints, which can aid family renter retention.
Safety indicators for the neighborhood are around the national middle, with overall crime benchmarking near the 52nd percentile nationwide and performance generally comparable to the metro. Recent trend data show year-over-year decreases in both violent and property offenses, which is a constructive signal for long-term livability and leasing stability.
Nearby corporate offices provide a diverse employment base that supports renter demand and commute convenience, led by healthcare, logistics, energy, and homebuilding employers listed below.
- Johnson & Johnson — healthcare (1.0 miles)
- Ryder System — logistics & transportation (5.3 miles) — HQ
- World Fuel Services — energy distribution (6.3 miles) — HQ
- Lennar — homebuilding (8.9 miles) — HQ
- Mosaic — corporate offices (12.5 miles)
This 30-unit Hialeah asset benefits from a renter-heavy neighborhood profile and occupancy that trends above the metro median, supporting income durability relative to older infill stock in Miami-Dade. Household counts within a 3-mile radius have risen and are projected to continue growing even as population eases, implying smaller household sizes and a broader renter pool that can underpin leasing and renewal velocity. According to CRE market data from WDSuite, the area’s amenities skew favorable for daily needs, while the high-cost ownership market reinforces reliance on multifamily housing.
Key considerations include managing affordability pressure evident in rent-to-income benchmarks and the relative scarcity of parks and pharmacies nearby. Still, recent improvements in safety indicators and a diversified employer base within commuting distance support a stable long-term outlook for occupancy and rent collections.
- Above-metro-median neighborhood occupancy supports income stability
- Renter-occupied share above half indicates depth of tenant base
- Daily-needs amenities nearby with strong cafes/childcare access
- Household growth within 3 miles suggests expanding renter pool
- Risks: affordability pressure and limited parks/pharmacies warrant prudent lease and asset management