| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 73rd | Best |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8075 SW 73rd Ave, Miami, FL, 33143, US |
| Region / Metro | Miami |
| Year of Construction | 1984 |
| Units | 20 |
| Transaction Date | 2004-03-29 |
| Transaction Price | $1,400,000 |
| Buyer | DADELAND COVE APARTMENTS LLC |
| Seller | DADELAND VIEW APARTMENTS INC |
8075 SW 73rd Ave Miami Multifamily Investment
Neighborhood renter concentration is high and supported by steady household growth within a 3-mile radius, according to WDSuite’s CRE market data, pointing to durable tenant demand despite uneven amenity density nearby.
Located in Miami’s inner suburb of the Miami–Miami Beach–Kendall metro, the neighborhood scores a B and sits near the middle of the pack among 449 metro neighborhoods. Amenity density is limited immediately around the property (few cafes, groceries, restaurants, or parks inside the neighborhood footprint), so residents typically rely on nearby corridors for daily needs. For investors, that places more emphasis on access and onsite conveniences to support leasing and retention.
Renter-occupied housing is elevated at the neighborhood level (59.7% of units), indicating a deep tenant base and consistent demand for multifamily product. At the same time, the neighborhood’s occupancy trend has improved modestly over the last five years, though levels can vary across the metro; asset selection and operations remain important to sustain stability.
Within a 3-mile radius, demographics show a large and affluent renter pool: household counts have increased and median incomes are high, with additional population growth projected through 2028. Forecast rent levels in the surrounding area are expected to continue rising, which supports revenue durability for well-positioned assets and underscores the importance of lease management as pricing moves higher.
Home values in the neighborhood are elevated relative to many U.S. areas, which tends to reinforce reliance on rental housing and can aid lease retention. However, rent-to-income levels suggest some affordability pressure for certain cohorts, so operators may need to balance rent growth with renewal strategies to maintain occupancy.
Vintage matters: built in 1984, the asset is somewhat newer than the neighborhood average construction year. That positioning can be competitive versus older stock, while still leaving room for targeted modernization of interiors and building systems to capture value-add upside.
Safety indicators for the neighborhood are roughly middle of the pack among 449 metro neighborhoods and below the national median. Recent data show a notable year-over-year decline in estimated property offenses, a constructive trend for owners and residents. Violent offense measures sit below national averages, so conditions warrant continued diligence, but recent directionality on property crime is favorable.
Proximity to several corporate offices and headquarters within roughly 7–14 miles supports commuter convenience and helps deepen the renter pool, particularly for white-collar households likely to value shorter drive times.
- Lennar — homebuilding HQ (6.7 miles) — HQ
- World Fuel Services — energy & logistics HQ (8.4 miles) — HQ
- Ryder System — transportation & logistics HQ (12.8 miles) — HQ
- Mosaic — building & design offices (14.2 miles)
- Johnson & Johnson — healthcare & consumer offices (14.4 miles)
8075 SW 73rd Ave offers exposure to a renter-heavy Miami neighborhood with improving occupancy trends and a sizable, affluent tenant base within 3 miles. Built in 1984, the property is newer than much of the local stock, creating a balanced profile: competitive against older assets while leaving room for targeted upgrades that can enhance rent positioning and operating efficiency.
Based on CRE market data from WDSuite, neighborhood rents are high relative to many U.S. areas and are expected to advance further in the surrounding area, supported by projected population and household growth through 2028. Elevated ownership costs nearby help sustain multifamily demand, though rent-to-income levels point to retention and affordability considerations that should be incorporated into leasing strategy.
- Renter-occupied share is high at the neighborhood level, supporting depth of demand and occupancy stability.
- 1984 vintage provides competitive positioning versus older stock with room for value-add improvements.
- Surrounding 3-mile area shows strong incomes and projected growth, supporting rent levels and leasing velocity.
- Elevated home values in the area reinforce reliance on rental housing, aiding pricing power for well-operated assets.
- Risks: limited immediate amenity density and rent-to-income pressure require focused renewal and retention strategy.