| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 42nd | Fair |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5275 NW 7th St, Miami, FL, 33126, US |
| Region / Metro | Miami |
| Year of Construction | 1972 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5275 NW 7th St Miami Multifamily Investment
Renter-occupied housing is concentrated in the surrounding neighborhood, supporting a deeper tenant base even as occupancy trends vary, according to WDSuite’s CRE market data. Vintage positioning points to potential value-add upside in an Urban Core location.
This Urban Core neighborhood carries a B- rating and performs above the metro median overall (ranked 235 of 449 Miami-area neighborhoods), offering investors a balanced backdrop for workforce and middle-income demand. Parks and daily services are a relative strength, with park and pharmacy access in the top national percentiles, while restaurants are plentiful compared with many U.S. areas. Within the immediate neighborhood boundary, cafes and grocery stores are limited; residents typically rely on nearby corridors elsewhere in Miami for those needs.
Renter-occupied housing accounts for a high share of local units (62.4%), placing the area in the top decile across U.S. neighborhoods and signaling a sizable renter pool for multifamily. By contrast, neighborhood occupancy is comparatively softer than many peer areas, which underscores the importance of hands-on leasing and asset differentiation. Median household incomes in the area’s neighborhood dataset are lower than many national peers, but 3-mile demographics show rising purchasing power over time, which can help underpin rent collections and retention when paired with pragmatic pricing.
Three-mile demographics indicate a nuanced demand profile: households increased over the last five years while population declined, pointing to smaller average household sizes and a broader base of renting households. Looking ahead, WDSuite’s data shows a projected increase in households within three miles, expanding the potential tenant base even as average household size trends down. Median and mean household incomes within three miles have grown meaningfully over the past period, supporting steady demand for well-managed apartments.
Home values in the neighborhood sit in the mid-range nationally, and ownership costs run relatively high versus income by national comparison. For investors, this dynamic tends to reinforce reliance on rental options and can support lease retention. Rent-to-income levels suggest pockets of affordability pressure, making product-market fit and renewal management important for sustaining occupancy and pricing power.
Safety indicators are competitive relative to many U.S. neighborhoods, with overall crime measures sitting in the better half nationally. Recent trend data from WDSuite shows meaningful year-over-year reductions in both violent and property offenses, an improving trajectory that supports renter appeal and leasing stability.
As always, investors should contextualize neighborhood-level signals with submarket and citywide patterns and evaluate block-by-block conditions during due diligence.
Proximity to regional corporate offices supports commuter convenience and a diversified renter base. Notable nearby employers include World Fuel Services, Lennar, Johnson & Johnson, Ryder System, and Mosaic.
- World Fuel Services — energy logistics (5.1 miles) — HQ
- Lennar — homebuilding & development (5.5 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (8.7 miles)
- Ryder System — transportation & logistics (8.9 miles) — HQ
- Mosaic — industrial & materials offices (10.2 miles)
5275 NW 7th St offers scale at 52 units in an Urban Core location with a high share of renter-occupied housing, providing depth to the tenant base. Built in 1972, the asset is older than nearby stock on average, pointing to value-add and capital planning opportunities to improve competitive positioning and support occupancy stability. According to CRE market data from WDSuite, neighborhood-level rents track in the higher ranges nationally while rent-to-income ratios indicate affordability pressure, suggesting disciplined renewal strategies and targeted upgrades can be accretive.
Three-mile demographics show household growth and rising incomes over time, with projections calling for additional household expansion and continued rent growth, supporting demand for well-managed units. Neighborhood amenities skew toward parks and daily services, while restaurant density is strong; together with access to major corporate employers across Miami, these dynamics can aid leasing and retention over a full cycle.
- 52-unit scale in an Urban Core with a high renter-occupied share, supporting a deeper tenant base
- 1972 vintage creates value-add and capex pathways to enhance positioning versus newer nearby stock
- Three-mile household growth and rising incomes expand the prospective renter pool and support absorption
- Amenity strengths (parks, services) and proximity to major employers aid leasing and retention
- Risk: neighborhood occupancy is comparatively softer; disciplined pricing and targeted upgrades are important