| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Poor |
| Demographics | 66th | Best |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2533 SW 19th Ave, Miami, FL, 33133, US |
| Region / Metro | Miami |
| Year of Construction | 2007 |
| Units | 41 |
| Transaction Date | 2003-04-11 |
| Transaction Price | $450,000 |
| Buyer | NAVARRE 2 REALTY LLC |
| Seller | CONGREGATION ANSHE EMES INC |
2533 SW 19th Ave Miami Multifamily — 2007 Vintage
Positioned in an inner-suburb Miami corridor where neighborhood metrics indicate elevated ownership costs and a deep 3-mile renter base, according to WDSuite’s CRE market data, this asset’s demand profile supports stable leasing and retention. Neighborhood statistics reflect area conditions rather than property operations.
The property sits in a B+ rated inner-suburb neighborhood (ranked 162 of 449 in the Miami metro), placing it above the metro median in overall standing. Local amenity access trends favor daily needs and dining: grocery availability tracks in the 91st percentile nationally, and restaurant density is in the 96th percentile. By contrast, cafes and parks are limited within neighborhood boundaries, suggesting on-site common areas and programming can help anchor resident experience.
Construction patterns in the surrounding area skew older (average year 1973), while this asset’s 2007 vintage offers a newer profile relative to nearby stock. For investors, that typically translates to competitive positioning versus older product, with potential to further differentiate through targeted modernization as building systems age.
At the neighborhood level, occupancy trends sit below national medians, indicating that leasing may be more management-driven than purely market-driven. However, within a 3-mile radius, renter-occupied housing represents a majority of units, providing a sizable tenant base that can support absorption and renewal activity as operators focus on service, pricing, and resident retention.
Demographic indicators within 3 miles show modest recent population growth and a notable increase in household counts alongside smaller average household sizes. Forward-looking projections point to continued population growth and a substantial rise in households, which typically expands the renter pool and supports occupancy stability for well-maintained multifamily assets.
Home values in the neighborhood are elevated relative to income levels (with value-to-income measures near the top of national comparisons), creating a high-cost ownership market. For multifamily investors, this context often sustains rental demand and can support pricing power, while rent-to-income levels suggest prudent lease management to balance growth with retention.
Safety indicators are mixed. The neighborhood’s overall crime rank places it below the metro median (ranked 309 out of 449 Miami neighborhoods), but national percentiles suggest a nuanced picture: violent-offense risk sits slightly better than the national midpoint, while property-offense exposure trends weaker. Taken together, this reads as average-to-middling safety conditions compared with U.S. neighborhoods, and below-average relative to the Miami metro.
Recent year-over-year estimates indicate violent offenses increased, while property offenses declined modestly. Investors may want to emphasize visible property management, lighting, and access control to support resident comfort and retention, while monitoring neighborhood-level trends over time.
Nearby employment anchors span corporate offices in homebuilding, energy logistics, healthcare, and transportation, supporting commuter convenience and a broad renter base that can aid leasing stability.
- Mosaic — corporate offices (7.9 miles)
- Lennar — homebuilding HQ/corporate (9.2 miles) — HQ
- World Fuel Services — energy logistics (9.2 miles) — HQ
- Johnson & Johnson — healthcare products offices (11.8 miles)
- Ryder System — transportation & logistics (13.1 miles) — HQ
This 2007 multifamily asset offers newer-than-neighborhood vintage in a B+ inner-suburb location where elevated ownership costs and a majority-renter 3-mile trade area underpin demand. Based on commercial real estate analysis from WDSuite, dining and grocery access outperforms national norms, while neighborhood occupancy runs below national medians—pointing to an operator-led play focused on service, amenity activation, and thoughtful pricing.
Forward indicators within a 3-mile radius show population growth and meaningful household expansion alongside smaller household sizes, which typically enlarges the renter pool and supports leasing durability. The newer construction relative to area stock provides competitive positioning today, with scope for selective upgrades as systems mature to drive differentiation and retention.
- Newer 2007 vintage versus older neighborhood stock supports competitive positioning and rentability.
- High-cost ownership market strengthens reliance on rentals, aiding pricing power and lease retention.
- 3-mile projections show population and household growth, expanding the tenant base.
- Strong grocery and dining access enhances livability and supports resident satisfaction.
- Risks: below-median neighborhood occupancy and mixed safety signals call for active management and security-focused operations.