| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 49th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1919 NW 15th Ave, Miami, FL, 33125, US |
| Region / Metro | Miami |
| Year of Construction | 1987 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1919 NW 15th Ave Miami Multifamily Investment
Neighborhood occupancy is above the national median and renter concentration is high, supporting demand durability for a 1987-vintage, 100-unit asset, according to WDSuite s CRE market data.
Located in Miami s Urban Core, the property sits in a neighborhood rated A and ranked 26 out of 449 metro neighborhoods, signaling competitive positioning within the Miami-Miami Beach-Kendall region. Amenity access is a clear strength: restaurants, parks, pharmacies, childcare, and cafes benchmark in the top quartile nationally, which helps attract and retain renters seeking convenience.
Neighborhood occupancy is in the 62nd national percentile, indicating steadier lease-up prospects versus the nation. Median home values trend in the 85th national percentile, a high-cost ownership environment that tends to sustain reliance on multifamily rentals and can bolster pricing power when managed carefully.
Renter-occupied housing accounts for a large share of neighborhood units (near four out of five), pointing to a deep tenant base and consistent leasing velocity for professionally managed assets. For investors, this renter concentration supports ongoing demand, while lease management should still account for affordability pressure where rent-to-income ratios run higher than national norms.
Within a 3-mile radius, population has expanded in recent years and is projected to continue growing, while households are increasing and average household size is trending smaller. These shifts generally translate to a larger tenant base and more renters entering the market, reinforcing occupancy stability over the medium term based on commercial real estate analysis from WDSuite.
Safety indicators for this neighborhood trail both metro and national benchmarks. The area ranks near the lower end among 449 metro neighborhoods, and national percentiles point to below-average safety compared with neighborhoods nationwide.
Recent trends are mixed: estimated property offenses have edged down year over year, while estimated violent offenses have risen. Investors typically respond with practical measures enhanced lighting, access controls, and active management to support resident retention and operational stability. As always, evaluate property-level security, insurance costs, and vendor programs alongside neighborhood trends.
Proximity to corporate employment centers supports commuter convenience and renter demand, with a mix of energy, healthcare, homebuilding, and logistics employers within roughly 6 12 miles of the property. The following nearby offices anchor the local workforce draw referenced here.
- Mosaic corporate offices (6.3 miles)
- World Fuel Services energy & logistics (8.4 miles) HQ
- Johnson & Johnson healthcare & consumer products offices (9.0 miles)
- Lennar homebuilding corporate offices (9.3 miles) HQ
- Ryder System logistics & transportation (11.5 miles) HQ
This 1987-vintage, 100-unit asset benefits from strong Urban Core fundamentals: top-quartile amenity access nationally, a deep renter pool, and neighborhood occupancy above the national median. Elevated home values in the surrounding area help sustain rental demand, while the neighborhood s renter-occupied share points to durable leasing. According to CRE market data from WDSuite, these conditions position the asset for steady tenant demand, with renovations and operational execution driving the performance spread versus older competing stock.
Value-add potential is supported by vintage: systems may require capital planning and modernization to stay competitive against newer deliveries, while amenity-driven retention and disciplined lease management are important given higher rent-to-income ratios and safety considerations. Household growth within a 3-mile radius and continued increases in household incomes bolster the case for ongoing renter demand over the medium term.
- Urban Core location with top-quartile national amenity access supports leasing velocity and retention
- High renter-occupied share indicates a deep tenant base and demand resilience
- 1987 vintage offers value-add and modernization upside relative to newer competition
- Elevated ownership costs in the area reinforce reliance on multifamily housing and can support pricing power
- Risks: below-average neighborhood safety and affordability pressure require active management and targeted capex