| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 20th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2900 NW 7th St, Miami, FL, 33125, US |
| Region / Metro | Miami |
| Year of Construction | 2010 |
| Units | 35 |
| Transaction Date | 2005-10-19 |
| Transaction Price | $1,100,000 |
| Buyer | AIJDE WANOUNOU IV INC |
| Seller | 2900 HOLDINGS LLC |
2900 NW 7th St Miami Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady occupancy, with a high share of renter-occupied housing and a 2010 vintage that competes well against older local stock, according to CRE market data from WDSuite.
This Urban Core location in Miami-Dade offers daily convenience and service density that supports leasing velocity. Neighborhood amenity access ranks competitively among 449 metro neighborhoods, with restaurants and cafes in the top quartile nationally, and pharmacies and groceries also above national medians. Limited park access is a relative weakness investors should note for resident lifestyle positioning.
For multifamily demand, the neighborhood shows occupancy stability (measured at the neighborhood level, not the property), landing above the national median. Renter-occupied share is elevated versus national norms, indicating a deep tenant base and resilient absorption for professionally managed assets. The property’s 2010 construction is newer than the neighborhood’s 1960s-average vintage, which typically enhances competitive positioning versus older stock while still warranting standard system upkeep and potential modernization to support rent growth.
Within a 3‑mile radius, households increased over the last five years even as population contracted, signaling smaller household sizes and a shift that can expand the renter pool and support occupancy stability. Looking ahead, forecasts call for additional household growth with modest population recovery, which tends to sustain leasing pipelines for workforce and market-rate units.
Ownership costs in the surrounding area are elevated relative to local incomes, and neighborhood home values have risen faster than rents in recent years. In investor terms, this high-cost ownership market can reinforce reliance on multifamily housing and support pricing power, though attentive lease management is prudent where rent-to-income ratios are higher than national norms.
Safety indicators for the neighborhood are mixed in a regional context and near the national middle. The area’s crime ranking sits around the metro midpoint among 449 neighborhoods, and national percentiles suggest neither an outlier high nor low. Importantly, recent trend data shows improvement: estimated property offenses declined meaningfully year over year and violent offense rates also moved lower, according to WDSuite’s CRE market data. Investors can frame this as a stabilization signal while continuing standard security and lighting best practices common to Urban Core assets.
Proximity to regional corporate offices supports commuter convenience and broad white‑collar and services employment, which can aid leasing and retention. Notable nearby employers include World Fuel Services, Mosaic, Lennar, Johnson & Johnson, and Ryder System.
- World Fuel Services — energy & logistics (7.3 miles) — HQ
- Mosaic — business services (7.8 miles)
- Lennar — homebuilding (8.0 miles) — HQ
- Johnson & Johnson — healthcare products offices (9.2 miles)
- Ryder System — transportation & logistics (10.8 miles) — HQ
2900 NW 7th St offers investors a 2010-vintage, 35‑unit asset positioned in a neighborhood with above‑median occupancy and a deep renter base. The asset’s newer construction relative to the 1960s neighborhood average can enhance competitive standing versus older comparables, with scope for targeted upgrades to drive retention and rent performance. According to WDSuite’s commercial real estate analysis, nearby amenities rank well nationally, supporting day‑to‑day livability that underpins leasing.
Households within 3 miles have grown despite a contraction in population, pointing to smaller household sizes and potential renter pool expansion. Elevated ownership costs versus incomes sustain reliance on multifamily housing, which can support occupancy stability and pricing power; at the same time, higher rent-to-income ratios warrant disciplined renewals and revenue management. Trend improvements in neighborhood safety further support a cautiously constructive long‑term outlook.
- 2010 vintage outcompetes older neighborhood stock, with value‑add potential via selective modernization.
- Above‑median neighborhood occupancy and a high renter‑occupied share indicate demand depth for multifamily.
- Strong amenity density (restaurants, cafes, services) supports resident retention and leasing velocity.
- 3‑mile household growth with smaller household sizes suggests a larger tenant base over time.
- Risks: limited park access and higher rent‑to‑income ratios require thoughtful lease management and resident experience strategies.