| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 20th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2501 NW 7th St, Miami, FL, 33125, US |
| Region / Metro | Miami |
| Year of Construction | 1992 |
| Units | 96 |
| Transaction Date | 2016-12-08 |
| Transaction Price | $8,904,000 |
| Buyer | LAS PALMAS VOA AFFORDABLE HOUSING L P |
| Seller | GREATER MIAMI VOA ELDERLY HOUSING INC |
2501 NW 7th St Miami Multifamily Investment
Neighborhood occupancy trends near the low–mid 90s and a high share of renter‑occupied housing support steady leasing conditions, according to WDSuite’s CRE market data.
Situated in Miami’s Urban Core, the neighborhood rates B and is above the metro median (ranked 191 out of 449 neighborhoods). Amenity access is a relative strength, with restaurants and cafes in the top quartile nationally, supporting resident convenience and day‑to‑day livability that can aid retention.
The 1992 construction is newer than the neighborhood’s average vintage (1960s), which typically helps competitive positioning versus older stock. Investors should still anticipate selective system updates or modernization common for assets of this era to maintain leasing performance.
Renter-occupied housing is elevated both within the neighborhood and across the 3‑mile radius, indicating a sizable tenant base for multifamily. Within a 3‑mile radius, households have grown in recent years and are projected to increase further by 2028, even as average household size trends down — a pattern that can expand the renter pool and support occupancy stability.
Ownership costs are relatively high for local incomes, and neighborhood home values sit well above many U.S. areas. This high‑cost ownership backdrop generally reinforces reliance on rental housing, though rent-to-income levels suggest careful lease management to balance pricing power with retention. Amenity density is strong, but limited park space nearby may reduce access to green areas compared with other submarkets.
Safety metrics are mixed when benchmarked across scales. The neighborhood’s crime ranking sits below the metro median (163 out of 449), while national positioning trends closer to the middle of U.S. neighborhoods. Recent year‑over‑year declines in both property and violent offense estimates point to improving conditions, though investors should underwrite conservatively given variability across blocks and time.
Proximity to a cluster of corporate offices supports workforce housing demand and commute convenience, with energy logistics, homebuilding, healthcare products, and transportation/logistics employers within roughly 8–11 miles.
- Mosaic — corporate offices (7.5 miles)
- World Fuel Services — energy logistics (7.6 miles) — HQ
- Lennar — homebuilding (8.2 miles) — HQ
- Johnson & Johnson — healthcare products (9.3 miles)
- Ryder System — transportation & logistics (11.1 miles) — HQ
With 96 units averaging efficient footprints, this 1992 asset can compete against older neighborhood stock while offering scope for targeted value‑add and systems modernization. Neighborhood occupancy around the mid‑90s and elevated renter-occupied share indicate depth of demand, while amenity density supports day‑to‑day livability that can aid retention, based on commercial real estate analysis from WDSuite.
Within a 3‑mile radius, households have increased and are projected to grow further into 2028 even as average household size declines — trends that typically broaden the tenant base and support leasing. Elevated ownership costs relative to incomes reinforce renter reliance on multifamily housing; however, rent‑to‑income levels suggest balanced pricing and renewal strategies will be important to sustain occupancy.
- Newer‑than‑area vintage (1992) vs. older local stock, with potential for targeted modernization
- Neighborhood occupancy in the low–mid 90s and high renter concentration support demand depth
- Amenity‑rich urban location with strong restaurant, cafe, and daily‑needs access
- 3‑mile household growth and smaller household sizes expand the renter pool
- Risks: rent‑to‑income pressure and limited nearby park space may require thoughtful lease and amenity strategy