| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 51st | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5875 W Flagler St, Miami, FL, 33144, US |
| Region / Metro | Miami |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5875 W Flagler St Miami Multifamily Investment
Neighborhood-level occupancy is high and renter demand is supported by strong daily-needs access, according to WDSuite’s CRE market data. Stability at the sub-neighborhood scale and steady rent growth nearby position this asset for durable cash flow with prudent lease management.
Situated along W Flagler St in Miami’s Urban Core, the property benefits from a neighborhood rated A and ranked 65th of 449 metro neighborhoods — top quartile locally — based on WDSuite’s commercial real estate analysis. At the neighborhood level (not the property), occupancy trends are elevated and sit in the top decile nationally, indicating steady leasing conditions for professionally managed multifamily.
Access to daily conveniences is a clear strength: grocery, restaurant, and pharmacy density all score well versus U.S. neighborhoods, with restaurants and pharmacies in the upper national percentiles. Cafe density is also comparatively strong. Childcare options are more limited, which is a consideration for tenant mix and amenity positioning.
Renter concentration at the neighborhood level is roughly balanced with owner-occupied units (about half of housing units are renter-occupied), which deepens the tenant pool and supports leasing velocity. Median contract rents in the neighborhood have risen over the last five years, and the area’s rent positioning sits above the national midpoint, reinforcing pricing power for well-maintained product.
Within a 3-mile radius, households have grown while average household size has declined, pointing to more, smaller households and a broader renter base over time. Income measures have advanced materially in recent years, and forward-looking data indicate continued income gains alongside rising forecast rents — factors that, collectively, support occupancy stability and potential for incremental rent optimization.
The property’s 1972 vintage is older than newer deliveries but slightly newer than the neighborhood’s average construction year. Investors should plan for targeted capital improvements (systems, interiors, and curb appeal) to keep the asset competitive versus refreshed Class C/B- stock while leveraging the area’s strong amenity access and high neighborhood occupancy.
Safety signals are mixed relative to national benchmarks. Overall crime levels for the neighborhood track below the national median for safety (around the 40th percentile nationwide), indicating more incidents than safer U.S. neighborhoods. Within the metro (449 neighborhoods), this area performs below the metro average for safety.
Property crime rates sit in a lower national percentile, but WDSuite’s data show a meaningful year-over-year decline in property offenses, suggesting recent improvement. Violent offense indicators are also below the national median for safety (around the 30th percentile). For investors, this points to routine security and lighting upgrades, resident engagement, and vendor coordination as practical measures to support retention and minimize loss-to-lease from safety perceptions.
Proximity to major employers in corporate headquarters and regional offices underpins workforce-driven renter demand and commute convenience. Key nearby employers include World Fuel Services, Lennar, Ryder System, Johnson & Johnson, and Mosaic.
- World Fuel Services — energy services (4.8 miles) — HQ
- Lennar — homebuilding (4.9 miles) — HQ
- Ryder System — logistics & transportation (8.9 miles) — HQ
- Johnson & Johnson — healthcare & consumer products (9.2 miles)
- Mosaic — materials & chemicals (10.9 miles)
5875 W Flagler St is a 22-unit, 1972-vintage asset positioned in a top-quartile Miami neighborhood with historically high neighborhood occupancy. The submarket shows strong daily-needs access and solid renter concentration, supporting depth of demand and lease-up resilience. According to CRE market data from WDSuite, neighborhood-level rents and incomes have advanced, while a shift toward smaller households within a 3-mile radius expands the renter pool for studios and smaller one-bedrooms — a favorable match for the property’s average unit size profile.
The 1972 construction suggests value-add potential through systems modernization and interior refreshes to strengthen competitive positioning against renovated Class C/B- peers. Elevated ownership costs locally sustain reliance on rental housing, but investors should monitor affordability pressure (rent-to-income dynamics) and manage renewal strategies accordingly. Safety indicators trail national medians yet show improvement in property offenses, supporting a prudent approach to lighting, access control, and community standards.
- Top-quartile Miami neighborhood with strong neighborhood-level occupancy supporting leasing stability
- Workforce demand reinforced by nearby corporate headquarters and regional offices
- 1972 vintage offers clear value-add levers (systems, interiors, curb appeal) for rent optimization
- Demographic shift toward smaller households within 3 miles supports sustained renter pool depth
- Risks: affordability pressure and below-median national safety; mitigate via disciplined renewals and security upgrades