| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 25th | Poor |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1050 NW 155th Ln, Miami, FL, 33169, US |
| Region / Metro | Miami |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | 2021-12-21 |
| Transaction Price | $15,011,900 |
| Buyer | 1030 NW 155TH LANE FL OWNER LLC |
| Seller | GOLDEN ASSOCIATES II LTD |
1050 NW 155th Ln Miami Multifamily Investment
Neighborhood occupancy has held near stable and renter concentration is high, according to WDSuite s CRE market data. This points to a durable tenant base in an inner-suburban Miami location with accessible daily amenities and established workforce demand.
Located in Miami s inner suburbs, the area balances everyday convenience with steady renter demand. Grocery access is a relative strength versus the metro, while parks, pharmacies, and cafes are sparse, signaling a car-oriented environment. Compared with other neighborhoods across the Miami-Miami Beach-Kendall metro (449 total), the amenity mix sits below the metro median, but core essentials are present and support day-to-day livability.
The property s 2000 construction is newer than the neighborhood s average vintage of the early 1970s. For investors, that typically translates to a competitive position versus older stock and potentially lighter near-term capital exposure, while still planning for system updates and modernization where needed to drive rentability.
Renter-occupied housing is prevalent at the neighborhood level, indicating depth in the tenant pool and support for leasing velocity. Based on CRE market data from WDSuite, neighborhood occupancy has been broadly steady, aligning with a workforce housing profile where lease retention can be supported by proximity to jobs and essential services.
Demographic statistics are aggregated within a 3-mile radius: households increased over the past five years and are projected to grow further, even as average household size trends lower. That combination typically expands the renter pool and supports occupancy stability. Median home values in the neighborhood place it within a higher-cost ownership context (relative to local incomes), which can reinforce reliance on multifamily rentals and bolster pricing power, while elevated rent-to-income ratios warrant attentive lease management to mitigate turnover risk.
Safety conditions here track below the metro average among 449 Miami-area neighborhoods and are weaker than national norms. According to WDSuite s CRE market data, property crime shows recent year-over-year improvement, while violent incidents have trended higher in the latest period. Investors typically account for these mixed signals through on-site security measures, lighting, and partnership with professional management to support resident retention.
Nearby corporate employers provide a diversified employment base that supports renter demand and practical commute times, including roles in healthcare/pharma, logistics, energy services, and homebuilding: Johnson & Johnson, Mosaic, Ryder System, World Fuel Services, and Lennar.
- Johnson & Johnson — healthcare/pharma (5.1 miles)
- Mosaic — chemicals & materials (9.4 miles)
- Ryder System — logistics (11.0 miles) — HQ
- World Fuel Services — energy services (11.3 miles) — HQ
- Lennar — homebuilding (13.6 miles) — HQ
This 24-unit asset built in 2000 sits in an inner-suburban Miami neighborhood with steady renter demand and a tenant base supported by proximity to diversified employers. The vintage is newer than local stock, offering competitive positioning versus 1970s-era properties and potential to capture premiums with targeted upgrades. According to CRE market data from WDSuite, neighborhood occupancy has remained relatively stable and renter concentration is high, supporting leasing durability.
Households within a 3-mile radius have grown and are projected to increase further, even as smaller household sizes emerge a dynamic that typically expands the renter pool and supports absorption. A high-cost ownership landscape relative to incomes reinforces reliance on multifamily, though elevated rent-to-income levels and below-metro safety benchmarks call for attentive underwriting, resident services, and proactive retention strategies.
- Newer 2000 vintage versus neighborhood average, reducing near-term capex pressure while enabling value-add upgrades
- Stable neighborhood occupancy and high renter concentration support leasing and retention
- 3-mile household growth and projected increases expand the local renter pool
- High-cost ownership context favors rental demand and can support pricing power
- Risks: elevated rent-to-income ratios and below-metro safety trends require active management and underwriting discipline