| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 49th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1471 NW 17th St, Miami, FL, 33125, US |
| Region / Metro | Miami |
| Year of Construction | 2007 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1471 NW 17th St Miami Multifamily Opportunity
Positioned in Miami s urban core, this 45-unit asset benefits from deep renter demand and steady neighborhood occupancy, according to CRE market data from WDSuite. Neighborhood occupancy is measured for the surrounding area, not the property, and supports a durable tenant base for long-term operations.
The property sits in an A-rated Urban Core neighborhood that is competitive among Miami-Miami Beach-Kendall, FL neighborhoods (26 of 449). Amenity access is a clear strength: restaurants, cafes, groceries, parks, and pharmacies all register in the top quartile nationally, with parks and childcare density particularly strong. This concentration of daily-needs and lifestyle services tends to support retention and leasing velocity for workforce and professional renters.
Neighborhood-level occupancy is above the national median and has trended higher over the last five years, per WDSuite s CRE market data. Renter concentration is high (renter-occupied share near the top of national ranges), signaling a deep tenant pool and consistent multifamily demand. The local ownership market is high-cost by national standards, which generally reinforces reliance on rental housing and can support pricing power where units are well-maintained.
Within a 3-mile radius, demographics show recent population growth with a notable increase in households and a projected expansion over the next five years. Household sizes are trending smaller, which can translate to more renters entering the market and support occupancy stability. Median household incomes in the 3-mile area have risen and are forecast to continue growing, supporting rent collections and renewal potential; however, rent-to-income ratios in the immediate neighborhood indicate some affordability pressure, warranting disciplined lease management.
Built in 2007, the asset is newer than the neighborhood s average vintage (1990). That relative youth should help the property compete against older stock, though investors should still plan for ongoing system updates and targeted common-area refreshes to align with renter expectations in a highly amenitized submarket.
Safety indicators for the neighborhood trail national benchmarks, and the area ranks below the metro median on crime when compared with 449 Miami-Miami Beach-Kendall neighborhoods. National percentiles are on the lower end, indicating comparatively higher reported crime levels than many neighborhoods nationwide. Year-over-year data show mixed movement, so investors should underwrite with conservative assumptions and monitor local trend lines.
Operationally, standard risk mitigants (access control, lighting, cameras, and coordination with professional security as needed) and daytime leasing strategies can help maintain resident confidence. Evaluate insurance, loss-prevention practices, and capital plans with these comparative metrics in mind rather than block-level assumptions.
The broader Miami employment base provides strong commuter demand, with proximity to corporate offices across energy, homebuilding, healthcare, logistics, and diversified industrials that support leasing and retention.
- Mosaic — corporate offices (6.3 miles)
- World Fuel Services — energy & logistics (8.5 miles) — HQ
- Johnson & Johnson — healthcare products (9.1 miles)
- Lennar — homebuilding (9.4 miles) — HQ
- Ryder System — transportation & logistics (11.6 miles) — HQ
1471 NW 17th St offers durable renter demand in a high-amenity Miami location. Neighborhood occupancy is above national medians and renter-occupied share is among the highest nationwide, indicating a sizable tenant base and favorable leasing depth. According to CRE market data from WDSuite, local ownership costs are elevated versus incomes, which tends to sustain reliance on multifamily housing and support pricing power for well-managed assets.
Constructed in 2007, the property is newer than the neighborhood average, providing competitive positioning against older stock while leaving room for targeted value-add through interior updates and modernization of common areas and systems. Within a 3-mile radius, household counts have expanded and are projected to continue growing alongside incomes, suggesting continued renter pool expansion that can support occupancy stability and renewals. Key risks include neighborhood safety metrics that lag national percentiles and localized affordability pressure, both of which warrant conservative underwriting and proactive operations.
- High renter concentration and above-median neighborhood occupancy support a deep tenant base
- Newer 2007 vintage versus local stock offers competitive positioning with selective value-add upside
- Strong amenity access (parks, childcare, daily-needs retail) aids leasing and retention
- Elevated ownership costs in the area reinforce multifamily demand and potential pricing power
- Risks: below-national safety metrics and affordability pressure require conservative assumptions and active management