| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 49th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1629 NW 14th St, Miami, FL, 33125, US |
| Region / Metro | Miami |
| Year of Construction | 2000 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | $475,000 |
| Buyer | TEQUESTA KNOLL LLC |
| Seller | TEQUESTA KNOLL APARTMENTS LTD |
1629 NW 14th St Miami Multifamily—Urban Core Demand
Situated in Miami’s Urban Core, the asset is supported by a deep renter base and steady neighborhood occupancy, according to WDSuite’s CRE market data. Built in 2000, it competes well against older nearby stock while allowing room for targeted modernization.
Competitive Urban Core setting. The neighborhood is competitive among Miami–Miami Beach–Kendall subareas (26 of 449), with strong amenity access—parks, pharmacies, groceries, and restaurants—that supports daily convenience and renter retention.
Neighborhood occupancy trends are above the national midpoint and have improved over the last five years, pointing to durable demand for rental units. The share of housing units that are renter-occupied is high locally, indicating a deep tenant base and a broad pool for leasing and renewals.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, alongside smaller average household sizes. This typically expands the renter pool and supports occupancy stability for professionally managed communities, based on commercial real estate analysis from WDSuite.
Home values in the neighborhood are elevated relative to many U.S. areas, creating a high-cost ownership market that reinforces reliance on multifamily rentals and can aid pricing power. At the same time, rent-to-income levels suggest some affordability pressure, warranting attentive lease management and renewal strategies.
The property’s 2000 construction is newer than the neighborhood’s average vintage (1990), enhancing competitive positioning versus older inventory while still calling for periodic system updates and targeted value-add to meet current renter expectations.
Safety metrics for the neighborhood trail metro and national norms. The area ranks 436 out of 449 neighborhoods within the Miami–Miami Beach–Kendall metro, indicating higher crime levels than most of the region. Nationally, percentiles are low, so underwriting often incorporates security features and management practices that support resident comfort and retention.
Recent neighborhood trends are mixed: estimated property offenses have edged lower year over year, while estimated violent offenses have increased. These are neighborhood-level indicators, not property-specific, and should be evaluated alongside on-site controls, lighting, access management, and partnerships with local safety resources.
A diverse corporate base within commuting distance supports workforce housing demand, with notable employers in energy, homebuilding, healthcare, and logistics: Mosaic, World Fuel Services, Lennar, Johnson & Johnson, and Ryder System.
- Mosaic — corporate offices (6.4 miles)
- World Fuel Services — energy & logistics (8.4 miles) — HQ
- Lennar — homebuilding (9.2 miles) — HQ
- Johnson & Johnson — healthcare products (9.3 miles)
- Ryder System — transportation & logistics (11.6 miles) — HQ
This 100-unit, 2000-vintage asset benefits from Miami’s Urban Core fundamentals: a high share of renter-occupied housing, improving neighborhood occupancy, and strong amenity density that supports retention. Elevated local home values create a high-cost ownership market, which reinforces reliance on multifamily rentals. According to CRE market data from WDSuite, neighborhood occupancy sits above the national midpoint while the renter pool continues to deepen.
The property’s newer-than-average vintage versus the neighborhood (1990 average) supports competitive positioning, with scope for targeted value-add to modernize systems and finishes. Investors should also plan around neighborhood safety metrics and affordability pressure (as indicated by rent-to-income levels) to sustain leasing velocity and renewal performance.
- Urban Core location with strong amenity access and a deep renter base
- Neighborhood occupancy above the national midpoint, supporting leasing stability
- 2000 vintage offers relative competitiveness and value-add potential versus older stock
- High-cost ownership market supports rental demand and potential pricing power
- Risks: weaker neighborhood safety metrics and affordability pressure require active management