| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 42nd | Fair |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 725 NW 57th Ave, Miami, FL, 33126, US |
| Region / Metro | Miami |
| Year of Construction | 1997 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
725 NW 57th Ave Miami Multifamily Investment
Located in Miami 26 97 vintage with 110 units the asset benefits from a deep renter base and proximity to major employers, according to WDSuite s CRE market data.
This Urban Core location sits in a neighborhood rated B-, placing it above the metro median among 449 Miami neighborhoods. Neighborhood occupancy is reported at 88.7% (neighborhood metric, not the property), while renter-occupied share is high, indicating a substantial tenant base that supports multifamily leasing depth.
Day-to-day amenities skew toward convenience rather than lifestyle retail: restaurants are comparatively dense (top quartile nationally), and both parks and pharmacies rank near the top of U.S. neighborhoods. Caf s and grocery options are lighter within the neighborhood boundary, so residents typically rely on nearby corridors for those needs.
The property s 1997 construction is newer than the neighborhood s average vintage (early 1990s), which generally improves competitive positioning versus older stock. Investors should still plan for targeted systems modernization and common-area refreshes to sustain leasing velocity.
Within a 3-mile radius, demographics show a mixed but investor-relevant pattern: population has edged down, yet the number of households has grown and is projected to continue increasing as average household size trends smaller. This points to a broader renter pool and supports occupancy stability even as demographics shift. Median contract rents in the 3-mile radius are projected to rise, and higher value-to-income ratios in the neighborhood indicate a relatively high-cost ownership market, which tends to sustain reliance on multifamily rentals and can aid lease retention.
Safety indicators are mixed. Compared with U.S. neighborhoods, this area trends above average (around the mid-60s percentile nationally, where higher percentiles indicate safer conditions). Within the Miami metro, the neighborhood s crime rank sits in a higher-incident tier (ranked 34 among 449), suggesting investors should budget for appropriate on-site security measures and lighting. Recent year-over-year estimates indicate notable decreases in both property and violent offense rates, pointing to improving local trends.
The immediate area draws a diversified white-collar workforce, with several corporate offices nearby that help support renter demand and retention. Key employers include World Fuel Services, Lennar, Johnson & Johnson, Ryder System, and Mosaic.
- World Fuel Services energy logistics (4.7 miles) HQ
- Lennar homebuilding (5.1 miles) HQ
- Johnson & Johnson healthcare & consumer products (8.6 miles)
- Ryder System logistics & transportation (8.7 miles) HQ
- Mosaic chemicals (10.5 miles)
This 110-unit, 1997-vintage asset offers durable renter demand drivers relative to the Miami metro. A high share of renter-occupied housing in the neighborhood supports depth of the tenant base, while proximity to multiple corporate offices adds commute convenience that can aid leasing and retention. Within a 3-mile radius, households are increasing and average household size is trending smaller, which expands the renter pool and helps support occupancy stability. According to CRE market data from WDSuite, the surrounding neighborhood shows strong access to parks and pharmacies and solid restaurant density, with rents in the wider trade area projected to trend upward.
Key considerations include managing rent-to-income affordability pressure and calibrating capital plans for a late-1990s vintage targeted modernization and energy-efficiency upgrades can enhance competitiveness against newer deliveries. Safety metrics are improving year over year but remain higher than the metro average, warranting continued attention to property-level operations.
- High renter concentration in the neighborhood supports demand depth and leasing stability
- 3-mile household growth and smaller household sizes expand the renter pool
- Strong nearby employer base and Urban Core location bolster retention
- 1997 vintage offers value-add via targeted systems and common-area upgrades
- Risk: affordability pressure and above-metro crime exposure require active management