| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 50th | Good |
| Amenities | 24th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 103 NW 202nd Ter, Miami, FL, 33169, US |
| Region / Metro | Miami |
| Year of Construction | 1979 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
103 NW 202nd Ter Miami Multifamily Investment
Renter concentration is competitive locally and household growth within a 3-mile radius points to a deeper tenant base, according to WDSuite s CRE market data. Neighborhood occupancy trends sit near the metro middle, supporting stable operations with disciplined lease management.
This Urban Core location in Miami-Dade serves workforce renters with everyday conveniences nearby. Grocery access is a relative strength versus other amenities in the area, while restaurants are present at moderate density; cafes, parks, and pharmacies are limited. For investors, this mix suggests reliable daily-needs retail but fewer lifestyle draws within immediate blocks.
Neighborhood renter-occupied share ranks competitive among the 449 Miami-Miami Beach-Kendall neighborhoods and is high versus national peers, indicating a broad renter pool that can support leasing velocity and renewal depth. By contrast, neighborhood occupancy is closer to the metro median, which implies steady but managerially sensitive performance.
Within a 3-mile radius, population has grown recently and households have expanded faster than population, signaling smaller average household sizes and a larger tenant base for multifamily. Forward-looking projections indicate additional household growth, which typically supports occupancy stability and absorption for well-positioned assets.
Home values in the neighborhood sit in the upper half nationally and the value-to-income relationship trends toward a high-cost ownership market. That context can reinforce multifamily demand and pricing power, though operators should calibrate rent growth to local rent-to-income conditions to manage retention risk.
Safety indicators for the neighborhood trend below the metro median and below national averages, based on WDSuite s data. That positioning warrants prudent security planning and tenant communication, particularly for exterior common areas and parking.
Property crime has shown recent improvement year over year, which is a constructive directional signal, while violent crime metrics remain weaker than national norms. Investors should underwrite with conservative assumptions, emphasize lighting and access control, and monitor municipal and neighborhood initiatives that may further support safety over time.
Proximity to regional corporate offices supports commuter demand and retention, with access to roles across healthcare, energy, logistics, and diversified services for renters prioritizing drive-time convenience. The employers below reflect the near-to-mid radius anchors that can influence leasing fundamentals.
- Johnson & Johnson — corporate offices (7.1 miles)
- AutoNation — corporate offices (11.5 miles) — HQ
- Mosaic — corporate offices (11.5 miles)
- Ryder System — corporate offices (13.0 miles) — HQ
- World Fuel Services — corporate offices (14.0 miles) — HQ
The asset is positioned in a renter-heavy Miami submarket where neighborhood renter concentration is competitive locally and strong versus national peers, supporting depth of demand. Neighborhood occupancy trends are near the metro middle, and within a 3-mile radius both recent and projected increases in households point to a larger tenant base and resilience in lease-up and renewals. Elevated ownership costs in the neighborhood further sustain reliance on rental housing, according to commercial real estate analysis from WDSuite.
Operators should balance pricing with rent-to-income realities to protect retention and stagger expirations, while modest amenity density in the immediate area suggests emphasizing on-site features and management quality to drive renewals. Safety indicators below metro norms warrant practical security measures and conservative underwriting on non-rent income.
- Renter-occupied share is competitive locally, supporting a broad tenant base and leasing stability.
- Household growth within 3 miles expands demand and supports occupancy resilience.
- High-cost ownership context reinforces multifamily demand and pricing power for well-run assets.
- Operating focus: calibrate rents to rent-to-income conditions and elevate on-site services given limited nearby amenities.
- Risks: below-metro safety indicators and mid-pack occupancy suggest conservative underwriting and proactive management.