| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Poor |
| Demographics | 12th | Poor |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10160 NW 19th Ave, Miami, FL, 33147, US |
| Region / Metro | Miami |
| Year of Construction | 2007 |
| Units | 102 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10160 NW 19th Ave Miami 2007 Multifamily Investment
Newer construction relative to nearby housing stock positions this 102-unit asset to compete against older inventory, with renter demand supported by high renter-occupied concentration in the neighborhood, according to WDSuite’s CRE market data.
Located in Miami’s Inner Suburb fabric, the property benefits from neighborhood dynamics that matter to multifamily investors. Neighborhood occupancy is near the national mid-range but sits below the metro median, while renter-occupied housing is elevated (top decile nationally), signaling a deep tenant base that can support leasing and renewal activity. These are neighborhood-level indicators, not property performance.
Daily needs are accessible: pharmacies and groceries index well above national averages, while restaurants are also comparatively available. Parks and cafes are sparse locally, which may temper lifestyle appeal but typically has limited impact on workforce-oriented demand. Overall amenity access is competitive among Miami-Miami Beach-Kendall neighborhoods.
The average nearby housing vintage skews older (1960s). With a 2007 construction year, this asset stands newer than the neighborhood norm—an advantage versus legacy stock. Investors should still plan for mid-life system updates and selective modernization to maintain competitive positioning and support rent trade-outs.
Within a 3-mile radius, households have grown even as population edged down modestly in recent years, and projections indicate a meaningful increase in households ahead. That trend generally enlarges the renter pool and supports occupancy stability. Rising incomes and asking rents in the 3-mile area suggest ongoing pricing power, though operators should calibrate leasing to local affordability to sustain retention.
Home values in the neighborhood sit on the high side relative to local incomes (top-tier value-to-income nationally). In investor terms, this is a high-cost ownership market that tends to reinforce reliance on rental housing, supporting depth of demand for multifamily units and potentially aiding lease-up and renewal resilience.
Neighborhood safety indicators trend below the metro median and sit in the lower third nationally for comparable areas, indicating higher relative crime exposure than many Miami neighborhoods. It is prudent to underwrite security measures and insurance assumptions accordingly.
Recent trends are mixed: estimated property offenses declined year over year, while violent offense estimates ticked up slightly. These figures are neighborhood-level signals (among 449 metro neighborhoods) and should be paired with on-the-ground diligence and operational controls when assessing risk.
Proximity to a diversified employment base supports renter demand and commute convenience, led by healthcare products, energy logistics, transportation, and homebuilding corporate offices.
- Johnson & Johnson — healthcare products (4.8 miles)
- Mosaic — fertilizers & chemicals (7.8 miles)
- World Fuel Services — energy logistics (8.7 miles) — HQ
- Ryder System — transportation & logistics (9.6 miles) — HQ
- Lennar — homebuilding (10.7 miles) — HQ
This 2007-vintage, 102-unit property offers relative age advantage versus nearby 1960s-era stock, supporting competitiveness on finishes, systems, and leasing appeal. Neighborhood-level indicators point to a deep renter base and mid-range occupancy that can sustain operations with effective management. Within a 3-mile radius, households have been increasing and are projected to expand further, indicating a larger tenant base and support for occupancy stability. According to CRE market data from WDSuite, ownership costs remain elevated relative to local incomes, which typically reinforces reliance on multifamily housing and helps underpin renter demand.
Key underwriting considerations include calibrating rents to local affordability, addressing below-metro safety readings with appropriate security and insurance planning, and reserving for mid-life capital items consistent with a 2007 build. Amenity access is serviceable for daily needs (pharmacies, groceries, restaurants), though limited parks/cafes may modestly cap lifestyle appeal.
- 2007 vintage versus older neighborhood stock supports competitive positioning with selective modernization upside
- Elevated renter-occupied concentration indicates depth of tenant demand and potential renewal stability
- 3-mile household growth and projected expansion point to a larger renter pool over the hold period
- High-cost ownership environment can reinforce multifamily demand and leasing durability
- Risks: below-metro safety readings, affordability pressure, and limited parks/cafes require thoughtful operations and pricing