| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 18th | Poor |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 355 NW 72nd Ave, Miami, FL, 33126, US |
| Region / Metro | Miami |
| Year of Construction | 1983 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | $1,450,200 |
| Buyer | LOCH LOMOND APARTMENTS INC |
| Seller | BESEL PROPERTIES INC |
355 NW 72nd Ave Miami Multifamily Investment
Neighborhood renter concentration and occupancy stability support durable demand, according to WDSuite’s CRE market data. Amenity density nearby adds everyday convenience that can aid retention.
This Inner Suburb pocket of Miami offers everyday convenience that renters value: restaurant and cafe density ranks competitive among Miami-Miami Beach-Kendall neighborhoods and places the area in the top quartile nationally, while grocery and park access also land above typical U.S. levels. Pharmacy options are more limited, so residents may rely on nearby submarkets for certain errands.
Neighborhood occupancy is strong at the area level, sitting in the top quartile nationally, while the share of renter-occupied housing is elevated. For multifamily owners, that combination points to a deep tenant base and potential leasing stability, with pricing needing to stay aligned to local income dynamics.
Within a 3-mile radius, households have increased in recent years and are projected to continue rising even as total population edges down, indicating smaller household sizes and a gradual renter pool expansion. Income growth in the radius has outpaced prior periods, which supports rent levels; however, rent-to-income ratios in the neighborhood indicate affordability pressure that warrants thoughtful lease management and renewal strategies.
Overall, this C+ rated neighborhood ranks below the metro median (292 of 449), yet day-to-day amenities and above-average occupancy create workable fundamentals for workforce-oriented product. These dynamics align with observations from WDSuite’s multifamily property research without relying on speculative catalysts.
Safety conditions are mixed and should be weighed in underwriting. The neighborhood ranks in the lower tier among 449 Miami-Miami Beach-Kendall neighborhoods, and it sits below the national median for overall safety, with violent incidents closer to the bottom decile nationally. That said, recent estimates indicate property-related offenses have decreased year over year, signaling some improvement in trend even if levels remain elevated versus national norms.
Investors typically account for this by emphasizing on-site security, lighting, and resident engagement, and by benchmarking insurance and operating practices to comparable Miami submarkets rather than national averages.
Proximity to major corporate offices supports a stable renter base seeking commute convenience, including homebuilding, energy logistics, transportation, healthcare products, and chemicals employers listed below.
- Lennar — homebuilding HQ (3.6 miles) — HQ
- World Fuel Services — energy & logistics (3.7 miles) — HQ
- Ryder System — transportation & logistics (7.9 miles) — HQ
- Johnson & Johnson — healthcare products offices (8.9 miles)
- Mosaic — chemicals & fertilizers offices (12.0 miles)
A 44-unit asset at 355 NW 72nd Ave benefits from a renter-heavy housing mix and neighborhood occupancy in the top quartile nationally. Amenity access is strong by Miami standards (restaurants, cafes, and groceries), reinforcing day-to-day convenience that can aid leasing velocity and retention. Within a 3-mile radius, household counts are rising and are expected to continue growing as household sizes trend smaller, which supports a larger tenant base even as overall population softens.
Balancing these positives, investors should plan around elevated rent-to-income levels that can pressure renewals and acknowledge below-median neighborhood safety metrics. On balance, fundamentals appear serviceable for workforce-oriented positioning, with underwriting best anchored to local comparables; according to CRE market data from WDSuite, occupancy and renter concentration provide the most reliable support for long-term cash flow relative to the broader metro.
- Renter-heavy neighborhood and top-quartile occupancy underpin demand stability
- Amenity-rich inner suburb location supports leasing and retention
- 3-mile household growth and smaller household sizes expand the tenant base
- Nearby corporate employers provide commute-driven renter demand
- Risks: affordability pressure (rent-to-income), below-median safety; manage via pricing, screening, and operations