| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 33rd | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 126 SW 8th Ave, Miami, FL, 33130, US |
| Region / Metro | Miami |
| Year of Construction | 2011 |
| Units | 24 |
| Transaction Date | 2010-08-10 |
| Transaction Price | $2,075,000 |
| Buyer | RUDG MBCDC I LLC |
| Seller | GEBF REAL ESTATE LLC |
126 SW 8th Ave Miami Multifamily Investment
According to WDSuite’s CRE market data, the surrounding neighborhood shows a very high share of renter-occupied units and steady occupancy, which supports demand for a 2011-vintage asset in Miami’s urban core. The property’s newer construction relative to nearby stock positions it competitively for renter retention.
This Urban Core location balances renter demand with day-to-day convenience. Amenity access is competitive among Miami-Miami Beach-Kendall neighborhoods (54th of 449), with neighborhood amenities placing in the top quartile nationally. Cafes, restaurants, groceries, and pharmacies are dense for Miami standards, while park access is comparatively limited—an operating consideration for marketing and resident experience.
Neighborhood occupancy is near the national median and has trended upward over the past five years, indicating stable renter demand at the neighborhood level. Renter concentration is notably high (top national percentile), signaling a deep tenant base for multifamily. Median asking rents in the neighborhood rank above many U.S. neighborhoods, aligning with an urban Miami context.
Within a 3-mile radius, WDSuite’s data shows recent population growth with faster household expansion and gradually smaller average household sizes. That shift points to a larger tenant base and sustained absorption for well-located apartments. Forward-looking projections in the same 3-mile radius call for additional population and household growth, which should support occupancy stability and leasing velocity.
Home values in the neighborhood are elevated versus many U.S. areas, and value-to-income ratios are high, indicating a high-cost ownership market. For investors, this context typically sustains reliance on rental housing and can support pricing power, although rent-to-income around this area suggests some affordability pressure that warrants disciplined lease management and renewal strategies.
Vintage matters: the average nearby construction year is 1972, while the property was built in 2011. The newer vintage provides relative competitiveness versus older stock, with potential to capture demand from residents seeking more modern finishes and systems, while still planning for mid-life building systems over the hold.
Safety conditions in this neighborhood track below national averages based on WDSuite’s crime percentiles, which is consistent with some dense urban cores. Recent year estimates indicate modest improvement, with declines in both violent and property offense rates year over year. As with most city neighborhoods, conditions can vary by block and over time; investors typically account for this through on-site security measures, lighting, and resident engagement.
Proximity to a diverse set of corporate offices supports a broad commuter tenant base and can aid retention for workforce and professional renters. Nearby employers include Mosaic, World Fuel Services, Lennar, Johnson & Johnson, and Ryder System.
- Mosaic — corporate offices (5.95 miles)
- World Fuel Services — corporate offices (9.54 miles) — HQ
- Lennar — corporate offices (10.10 miles) — HQ
- Johnson & Johnson — corporate offices (10.63 miles)
- Ryder System — corporate offices (12.89 miles) — HQ
Built in 2011 and totaling 24 units with larger-than-typical average unit sizes, 126 SW 8th Ave is positioned to compete against an older local stock while appealing to households seeking additional space. Based on CRE market data from WDSuite, the surrounding neighborhood exhibits a very high renter concentration and occupancy around the national median, suggesting depth of demand with stable leasing fundamentals. Elevated ownership costs in the neighborhood context further reinforce reliance on rental housing.
Demographics aggregated within a 3-mile radius indicate recent population growth and a faster increase in households alongside smaller household sizes—factors that can expand the renter pool and support occupancy stability. While the property benefits from strong amenity access typical of Miami’s core, affordability pressure in the area and below-average safety percentiles call for active management, prudent renewal strategies, and attention to on-site operations.
- 2011 vintage competes well against older area stock while approaching mid-life systems planning
- High neighborhood renter concentration supports demand depth and leasing stability
- 3-mile radius shows population and household growth, expanding the tenant base
- Elevated ownership costs in the area can support rental pricing power
- Risks: affordability pressure and below-average safety metrics require proactive management