| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 29th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1942 NW Flagler Ter, Miami, FL, 33125, US |
| Region / Metro | Miami |
| Year of Construction | 2005 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | $260,000 |
| Buyer | CONTINENTAL LAND INVESTMENTS INC |
| Seller | FOSTER CARL J |
1942 NW Flagler Ter Miami Multifamily Investment
Neighborhood occupancy runs high with a deep renter base, supporting steady leasing and limited downtime, according to WDSuite’s CRE market data. Positioning in Miami’s urban core provides resilient renter demand dynamics with pricing set by a high-cost ownership market.
Located in Miami’s Urban Core, the property benefits from a renter-driven neighborhood and strong usage of nearby amenities. Grocery, pharmacy, and restaurant density ranks above most metro peers (each measured against 449 neighborhoods) and sits in the top decile nationally by amenity availability, which supports day-to-day convenience and resident retention.
Neighborhood occupancy is elevated and above metro median (ranked 66 of 449; 92nd percentile nationally), pointing to stable lease-up and low frictional vacancy for operators. The share of housing units that are renter-occupied is exceptionally high (87.2%; ranked 8 of 449), indicating a deep tenant pool and consistent multifamily demand at the neighborhood level.
Within a 3-mile radius, WDSuite data shows modest recent population growth and a projected increase in households over the next five years, which can expand the local renter pool and support occupancy stability. Household sizes are trending smaller in the 3-mile radius, a shift that typically increases demand for smaller units and efficient floor plans.
Home values in the neighborhood are elevated relative to incomes (high national value-to-income percentile), indicating a high-cost ownership market that tends to reinforce reliance on rental housing and can aid lease retention. At the same time, rent-to-income ratios indicate notable affordability pressure in the neighborhood, suggesting a need for careful lease management and measured rent growth strategies.
Average neighborhood construction skew is older, but this asset’s 2005 vintage is newer than the area’s typical 1970 stock. That positioning can enhance competitive standing versus older buildings, while investors should still plan for mid-life system updates or selective modernization to sustain rentability.
Amenity access is a strength: cafes, childcare, groceries, pharmacies, and restaurants each rank competitively within the metro (all measured against 449 neighborhoods) and score in the upper national percentiles. School ratings in the immediate neighborhood are limited and may trail metro averages; investors should consider this when targeting renter segments less sensitive to school performance.
Safety indicators are mixed but improving. The neighborhood’s overall crime rank sits around the middle of the pack within the Miami-Miami Beach-Kendall metro (ranked 154 of 449), aligning roughly with national mid-range conditions (47th percentile). Year-over-year trends show meaningful declines in both property and violent offense estimates, with WDSuite reporting double-digit percentage improvements that compare favorably versus many neighborhoods nationwide.
Investors should interpret these figures at the neighborhood level rather than the block. Continued monitoring of local trends and property-level measures can help maintain resident confidence and support retention.
Proximity to regional corporate offices supports a broad commuter tenant base and can aid leasing stability. Notable employers within typical commuting distance include Mosaic, World Fuel Services, Lennar, Johnson & Johnson, and Ryder System.
- Mosaic — corporate offices (7.1 miles)
- World Fuel Services — energy logistics (8.3 miles) — HQ
- Lennar — homebuilding (8.8 miles) — HQ
- Johnson & Johnson — healthcare & consumer (9.9 miles)
- Ryder System — logistics & transportation (11.8 miles) — HQ
This 24-unit, 2005-vintage asset sits in a Miami neighborhood with high occupancy and a very large share of renter-occupied housing units, pointing to durable multifamily demand and favorable lease-up dynamics. Amenity density is a local strength, and the property’s newer-than-average vintage offers competitive positioning versus older area stock, with potential to capture steady demand as households in the 3-mile radius grow and continue shifting toward smaller sizes.
Attribution from WDSuite’s commercial real estate analysis indicates elevated neighborhood rent-to-income ratios and mid-range safety, which call for disciplined pricing and tenant retention strategies even as the high-cost ownership environment supports rental demand. Operators who prioritize operational efficiency and targeted upgrades can position the asset for stable performance relative to metro peers.
- High neighborhood occupancy and deep renter base support leasing stability
- 2005 construction competes well versus older local stock; plan for mid-life system updates
- Strong amenity access (groceries, pharmacies, restaurants) aids retention
- Household growth within 3 miles expands the tenant pool and supports occupancy
- Risks: affordability pressure (higher rent-to-income), mid-range safety, and sensitivity to school ratings