| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 93rd | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3035 SW 1st Ave, Miami, FL, 33129, US |
| Region / Metro | Miami |
| Year of Construction | 1987 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3035 SW 1st Ave, Miami — 33-Unit Urban Core Multifamily
Positioned in Miami s Urban Core with strong neighborhood amenities and a deep renter pool, this asset offers rent durability and value-add potential, according to WDSuite s CRE market data.
This Urban Core location scores competitively for day-to-day convenience, with grocery, dining, and parks density in the top quartile nationally and an amenity rank of 9 among 449 Miami metro neighborhoods. That concentration of services typically supports leasing velocity and resident retention for professionally managed multifamily.
Rents in the immediate neighborhood benchmark in the top decile nationally, while home values are elevated versus U.S. norms. In practice, a high-cost ownership market tends to reinforce reliance on rental housing and supports pricing power for well-run properties. Neighborhood rent-to-income metrics also point to manageable affordability pressure, a constructive signal for renewal rates.
Within a 3-mile radius, population and households have expanded over the last five years with forecasts indicating further growth and smaller average household sizes. A high share of housing units are renter-occupied in this radius, translating to a larger tenant base and consistent demand for multifamily product.
Vintage matters in competitive positioning: the property s 1987 construction is slightly older than the neighborhood average year built (ranked newer stock locally), suggesting near- to medium-term capital planning for interiors and systems could unlock value and sharpen competitiveness against younger product.
Safety indicators for the neighborhood track modestly below national averages overall, with violent and property offense measures positioned in the lower national percentiles. Within the Miami metro, the area sits near the middle of the pack (crime rank 217 among 449 neighborhoods), signaling mixed but manageable conditions for typical urban-core operations.
Recent trends are constructive: property offenses have declined year over year, placing the neighborhood above the national median for improvement momentum. Operators commonly mitigate urban risk with lighting, access controls, and partnerships with local patrols to support resident experience and retention.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand and commute convenience, including Mosaic, World Fuel Services, Lennar, Johnson & Johnson, and Ryder System.
- Mosaic corporate offices (6.9 miles)
- World Fuel Services corporate offices (9.9 miles) HQ
- Lennar corporate offices (10.1 miles) HQ
- Johnson & Johnson corporate offices (11.8 miles)
- Ryder System corporate offices (13.6 miles) HQ
3035 SW 1st Ave combines Urban Core amenity access with deep renter demand signals and elevated neighborhood income levels. Neighborhood rents sit among the nation s highest while ownership costs are also elevated, reinforcing reliance on multifamily housing and supporting pricing power for well-managed assets. According to CRE market data from WDSuite, NOI per unit in this neighborhood ranks near the top of the Miami metro, a backdrop that has historically supported strong operations for quality product.
Built in 1987, the asset is slightly older than the neighborhood average, suggesting practical value-add and systems modernization opportunities to enhance competitiveness against newer stock. Key watch items include softer neighborhood occupancy trends typical of high-growth urban nodes and safety metrics that trail national averages; disciplined lease management and property-level improvements can mitigate these risks.
- Urban Core location with top-quartile amenity access supporting leasing velocity
- Elevated neighborhood rents and high-cost ownership context underpin pricing power and retention
- 1987 vintage offers value-add and modernization potential to compete with newer stock
- Strong NOI per unit indications in the submarket, per WDSuite s CRE data
- Risks: below-average neighborhood safety and softer occupancy; addressable with operations and visibility investments