| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 22nd | Poor |
| Amenities | 14th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 28355 SW 152nd Ave, Homestead, FL, 33033, US |
| Region / Metro | Homestead |
| Year of Construction | 2012 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
28355 SW 152nd Ave Homestead Multifamily Investment
Neighborhood occupancy is competitive within the Miami-Miami Beach-Kendall metro, and a deep renter-occupied base supports leasing durability, according to WDSuite’s CRE market data.
Located in Homestead within the Miami-Miami Beach-Kendall metro, the neighborhood shows occupancy that is competitive among 449 metro neighborhoods, indicating steady renter demand and potential stability for multifamily cash flows. Renter-occupied housing accounts for a top-quartile share locally, signaling a sizable tenant base for professionally managed apartments.
Within a 3-mile radius, WDSuite data points to population growth over the last five years alongside an even faster increase in households and a declining average household size. This combination typically expands the renter pool and can support absorption and lease-up velocity for well-managed assets.
Ownership costs in the immediate area are elevated relative to local incomes by national comparison, which can reinforce reliance on rental housing and support pricing power when balanced with lease management and renewal strategies. Median rents in the 3-mile area have risen in recent years and are projected to continue climbing, which, if realized, would support revenue growth for operators who maintain competitive product positioning.
Local amenity density is limited for retail, groceries, restaurants, parks, and pharmacies inside the neighborhood boundary, while childcare availability ranks comparatively stronger. For investors, on-site conveniences and transportation access can help offset lower walk-to retail and enhance resident retention.
Safety indicators are mixed relative to national norms. The neighborhood’s overall crime standing sits around the metro median among 449 neighborhoods, placing it below the national median for safety. However, recent trends show year-over-year declines in both violent and property offenses, an improvement direction that is favorable from a risk-management perspective.
Investors should underwrite to current conditions while noting the downward trend, monitor submarket reports, and align security measures and resident engagement with local best practices to support retention.
Proximity to major Miami-Dade employers supports a commuter-friendly renter base, with workforce demand linked to homebuilding, energy and logistics, transportation, chemicals, and healthcare.
- Lennar — homebuilding (19.2 miles) — HQ
- World Fuel Services — energy & logistics (21.7 miles) — HQ
- Ryder System — transportation & logistics (25.3 miles) — HQ
- Mosaic — chemicals (28.8 miles)
- Johnson & Johnson — healthcare (28.9 miles)
Positioned in a renter-oriented pocket of Homestead, the asset benefits from neighborhood occupancy that is competitive among Miami-Miami Beach-Kendall neighborhoods and a top-quartile renter-occupied share. Within a 3-mile radius, population growth, faster household formation, and smaller household sizes point to a larger tenant base and support for occupancy stability. Rising rents in the surrounding area further suggest potential for revenue growth when paired with disciplined operations and market-appropriate finishes, based on commercial real estate analysis from WDSuite.
Key considerations include the neighborhood’s limited walkable retail and below-national-median safety standing, alongside rent-to-income pressure that warrants active lease management. Balanced against these risks are improving safety trends and strong employer access across Miami-Dade, which can aid retention and leasing consistency.
- Competitive neighborhood occupancy and sizable renter base support steady demand
- 3-mile population growth and rising household counts expand the renter pool
- Area rent growth trends and employer proximity bolster revenue potential
- Risk: amenity gaps and affordability pressure require proactive lease and expense management
- Risk: below-national-median safety metrics offset by recent improvement trend