| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Poor |
| Demographics | 33rd | Fair |
| Amenities | 40th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2800 NW 43rd Ter, Miami, FL, 33142, US |
| Region / Metro | Miami |
| Year of Construction | 2013 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2800 NW 43rd Ter Miami Multifamily Investment
Built in 2013, this 100-unit asset offers newer-vintage positioning in an inner-suburb location with a deep renter base, according to WDSuite’s CRE market data. Expect demand supported by high renter concentration and a high-cost ownership landscape, with leasing strategies calibrated to neighborhood-level occupancy dynamics.
The property sits in an Inner Suburb of Miami-Dade where neighborhood fundamentals show a strong renter base and a high-cost ownership market. Renter-occupied housing accounts for a substantial share of units (ranked 63 out of 449 metro neighborhoods, top quartile nationally), which supports a larger tenant pool and steadier leasing pipelines. By contrast, neighborhood occupancy has been softer relative to the metro (ranked 394 of 449), suggesting investors should prioritize retention, renewals, and targeted lease-up tactics.
This asset’s 2013 construction is newer than the neighborhood’s average vintage (1974), which can be a competitive advantage versus older local stock. Investors can emphasize relative appeal and potentially lower near-term capital needs while planning for systems maintenance as the property approaches its second decade.
Livability is mixed: grocery access compares favorably (around the 74th percentile nationally), while the immediate area shows limited density of parks, pharmacies, and cafes. Average school ratings in the neighborhood track below many Miami submarkets, which may weigh more heavily on family-driven demand than on workforce-oriented renter segments.
Within a 3-mile radius, demographics indicate a growing household count and smaller average household sizes over time, pointing to a larger number of renting households even as population trends fluctuate. Median home values in the neighborhood are elevated relative to incomes (high national percentile for value-to-income), reinforcing reliance on multifamily rentals and supporting pricing power and lease retention when managed carefully. These dynamics, based on CRE market data from WDSuite, position the asset for demand capture with disciplined operations.
Safety metrics should be assessed with care. Compared with the Miami metro, this neighborhood ranks in the lower tier for crime safety (crime rank 335 out of 449 metro neighborhoods), indicating higher reported incidents than many peers. Nationally, the area sits in low safety percentiles for both violent and property offenses, signaling that security measures and resident engagement programs may be important for retention and asset protection.
That said, recent trends point to improvement: both violent and property offense rates have declined year over year, with reductions that compare favorably to national patterns. Investors can underwrite to current conditions while recognizing the trajectory and the potential benefits of visible on-site management, lighting, and partnerships with local safety initiatives.
Nearby corporate employment anchors add depth to the renter pool and support commute convenience for residents, led by energy, healthcare, homebuilding, and logistics offices within roughly 7–10 miles.
- World Fuel Services — energy and fuel services (7.1 miles) — HQ
- Johnson & Johnson — healthcare products (7.1 miles)
- Mosaic — chemicals and fertilizer (7.4 miles)
- Lennar — homebuilding (8.4 miles) — HQ
- Ryder System — logistics and transportation (9.7 miles) — HQ
This 2013-vintage, 100-unit Miami asset benefits from a deep renter pool and newer construction relative to the surrounding neighborhood stock. Elevated ownership costs in the neighborhood bolster reliance on multifamily rentals, while the 3-mile trade area shows household growth and smaller household sizes that expand the renter base. According to commercial real estate analysis from WDSuite, neighborhood occupancy trends have been softer than the metro, so performance hinges on disciplined leasing, renewals, and resident retention.
The property’s competitive positioning versus older local inventory supports pricing and absorption when paired with attentive asset management. Key risks include neighborhood safety metrics and below-average school ratings, which argue for active operations, community engagement, and security investments to sustain tenancy and control turnover.
- Newer 2013 construction versus a 1970s neighborhood average enhances competitive appeal
- Deep renter concentration supports demand depth and leasing stability
- High-cost ownership market reinforces renter reliance and potential pricing power
- Household growth within 3 miles expands the tenant base despite mixed population trends
- Risks: softer neighborhood occupancy, lower school ratings, and elevated crime call for proactive management