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    Three-Unit Income Property with Private Entrances Title is generated by Realmo AI

    163 NW 18th Ct, Miami, FL 33125

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    Claim this Listing
    For Sale
    $675,000

    MULTI_FAMILY - Miami, FL

    Property size:
    2,561 SF
    Price / SF:
    $263/SF
    Added:
    Jun 29, 2026
    Days on Market:
    10
    Last Refresh:
    Jul 8 at 11:06 am

    Property Features for 163 NW 18th Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Rooms
    Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 3
    Parking
    3
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    01-41-03-011-0470
    Size
    2,561 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    HILLCREST PB 1-178 LOT 43 LOT SIZE 49.000 X 150 OR 20584-4642 07 2002 1 COC 23944-1125 10 2005 1
    Tax Annual Amount
    12446

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Wall Furnace
    Cooling system
    Electric, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1953
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block
    Roof type
    Shingle

    We can help!

    Contact an agent
    Nelly David PA

    Listing agent Nelly David PA License #0690899

    Listing office BHHS EWM Realty 550 S Dixie Highway, MIAMI, FL

    Listing date Jun 29, 2026

    MLS# A11850559 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multifamily property (2‑9 units) with 3 total units, each featuring a private entrance
    • Unit mix: 2BR/1BA, 3BR/1BA, and 1BR/1BA
    • Rented month‑to‑month
    • Built in 1953 with block construction and shingle roof
    • Fenced exterior; tile flooring throughout
    • Utilities include cable available; public sewer; electric heating with wall furnace and electric/window AC units

    Overview

    This three-unit multifamily property is zoned for multifamily use (2–9 units) and includes three separate residences, each with its own private entrance. The unit mix is two-bedroom/one-bath, three-bedroom/one-bath, and one-bedroom/one-bath. The property is described as a suitable candidate for renovation, and the units are currently rented on a month-to-month basis.

    The building is located in Miami, within Miami-Dade County, at 163 NW 18th Ct in the 33125 area. Public remarks note it is a few blocks from Marlins Stadium and provides access to major highways, with public transportation nearby.

    For tenants, this configuration may work well for households seeking privacy through separate entries within a small community. For owner-occupants or investors, the unit variety supports different leasing and living arrangements, while the month-to-month occupancy may appeal to operators who want flexibility. The property’s stated zoning and compact three-unit layout can also be an efficient fit for those focused on small multifamily ownership and renovation-driven improvements.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $78.4k $30.60
    − Vacancy −$5.0k −$1.95
    EGI $73.4k $28.65
    − OpEx −$22.0k −$8.60
    NOI $51.4k $20.06
    2,561 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $733.7K
    $642.0K – $856.0K (±1% cap)
    NOI $51,362 @ 7.0% cap · market cap 7.61%
    Second Best
    Apartment 5plus
    $675.9K
    $591.4K – $788.5K (±1% cap)
    NOI $47,310 @ 7.0% cap · market cap 7.01%
    Theoretical Best
    Specialty Retail
    $1.73M
    $1.51M – $2.02M (±1% cap)
    NOI $121,008 @ 7.0% cap · market cap 17.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Butcher Carpet & Flooring Store (Bike/Boat/Book/etc) Store Fish Market Acupuncture Pet Grooming Service Clothing & Fashion Store Restaurant Buffet

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.226151
    Latitude
    25.775661

    FAQs

    What type of property is this?
    Triplex - Three separate units with private entrances offer flexible live-in or rental income options.
    Where is this triplex located?
    The property is located at 163 NW 18th Ct Miami, FL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Multifamily property (2‑9 units) with 3 total units, each featuring a private entrance; Unit mix: 2BR/1BA, 3BR/1BA, and 1BR/1BA; Rented month‑to‑month
    More about this property
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