| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Fair |
| Demographics | 39th | Fair |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2425 Coral Way, Miami, FL, 33145, US |
| Region / Metro | Miami |
| Year of Construction | 2013 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | $275,000 |
| Buyer | 2425 INVESTMENTS INC |
| Seller | MARTI ALFREDO |
2425 Coral Way Miami Multifamily Investment (2013)
Newer vintage in an older Miami urban core positions this 20-unit asset to compete on finishes and systems while benefiting from stable neighborhood occupancy, according to CRE market data from WDSuite. Renter demand is supported by high-cost homeownership dynamics and a deep local renter pool.
Located along Coral Way in Miami’s Urban Core, the property sits in a neighborhood rated B- and roughly mid-pack among 449 metro neighborhoods, per WDSuite. The local housing stock skews older (average vintage 1953), so a 2013 asset typically shows better competitive positioning versus legacy buildings, though investors should still plan for routine modernization over the hold.
Daily needs and lifestyle amenities are a relative strength: restaurants and grocery options score in the top quartile nationally by density, and cafés are also abundant. By contrast, parks, pharmacies, and childcare options are limited within the immediate neighborhood, which may influence resident preferences for onsite services or nearby private options.
At the neighborhood level, occupancy is about 94%, indicating resilient renter demand through cycles. Renter-occupied housing units account for 60.5% locally (top quartile by renter concentration within the metro), signaling a deep tenant base for multifamily operators. Within a 3-mile radius, households grew in recent years and are projected to increase further alongside smaller average household sizes, which typically expands the renter pool and supports leasing velocity.
Home values are elevated relative to incomes (high national percentile for value-to-income), reinforcing sustained reliance on rental housing and aiding pricing power for well-positioned assets. At the same time, rent-to-income is on the higher side, so leasing strategy and renewals should balance growth with retention risk.
Safety indicators benchmark near the national middle, based on WDSuite. The neighborhood’s overall crime positioning is around the national median, while recent year-over-year trends show meaningful declines in both violent and property offenses compared with many neighborhoods nationwide. This mix suggests typical urban scrutiny for safety, with an improving trajectory that may support perception and leasing over time.
Proximity to a diverse set of white-collar employers underpins renter demand and commute convenience, notably in energy, homebuilding, logistics, healthcare, and corporate services.
- Mosaic — corporate services (8.1 miles)
- World Fuel Services — energy & logistics (8.5 miles) — HQ
- Lennar — homebuilding (8.6 miles) — HQ
- Johnson & Johnson — pharmaceuticals (11.2 miles)
- Ryder System — logistics & transportation (12.4 miles) — HQ
Built in 2013, this 20-unit property offers newer-vintage appeal versus much of the surrounding mid-century stock, supporting competitive positioning on systems and finishes. Neighborhood occupancy sits near the mid-90s and the local renter-occupied share is high, indicating a durable tenant base and potential for steady lease-up and retention. Within a 3-mile radius, households have increased and are projected to continue rising even as average household size declines, a pattern that typically expands the renter pool and supports occupancy stability.
Elevated home values relative to incomes sustain reliance on rental housing, while strong restaurant and grocery density enhances livability. According to CRE market data from WDSuite, rent-to-income is on the higher side locally, so revenue management should weigh pricing power against renewal risk. Overall, the asset’s newer construction, location fundamentals, and deep renter base point to solid long-term operations, with attention to affordability and amenity expectations.
- 2013 construction offers competitive positioning versus older neighborhood stock
- Stable neighborhood occupancy and high renter-occupied share support demand
- 3-mile households trending up with smaller sizes, expanding the renter pool
- Strong dining and grocery access enhances resident appeal and retention
- Risk: higher rent-to-income levels require careful renewal and pricing strategy