Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1647 NW 29Th Ave Miami, FL 33125

    Sponsored
    For Sale
    $1,100,000

    Fourplex, Quadruplex - Miami, FL

    Type:Quadruplex
    Property size:
    2,010 SF
    Days on Market:
    7
    Last Refresh:
    Mar 2 at 12:06 am

    Property Features for 1647 NW 29Th Ave

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Standard status
    Active
    Zoning
    0104
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    01-31-33-015-0110
    Parking
    6
    Size
    2,010 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1967
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Orlando Leon

    Keyes Company Realtors (305) 371-3592

    Listing agent Orlando Leon (305) 323-6036 License #3508666

    Listing date Feb 24, 2026

    MLS# A11970333 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.

    Learn more

    Property Insight Report

    Overview

    Income-Producing Miami Fourplex Opportunity

    This income-producing fourplex is offered as part of a portfolio sale, with two additional fourplexes also available. All units are fully furnished and professionally decorated, featuring modern finishes. The property is turnkey for immediate rental income and currently operates as an active Airbnb rental, providing short-term income potential. The unit mix includes one 2-bedroom, 1-bathroom unit and three 1-bedroom, 1-bathroom units. Located in Miami, the property is situated minutes from the anticipated Freedom Park, the future home of major soccer events and a transformative mixed-use development. This location positions the asset for appreciation and rental demand. The property size is 2010 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.24165
    Latitude
    25.78979

    Nearby Similar for Sale

    • New
      $349,999
      1,674 SF

      Miami Retail/Office Space Available

      Retail or office space near Downtown, Health District, and Brickell.
      1110 NW 1St St, Miami, FL 33128
      View Details
    • New
      $445,000

      Miami Warehouse/Flex Industrial Unit

      Well-maintained warehouse/flex unit in Miami's Airport West submarket.
      7311 NW 12Th St, Miami, FL 33126
      View Details
    • New
      $1,500,000
      2,400 SF

      Freestanding Commercial Building on Corner Lot

      2,400 SF building on 9,300 SF lot in high-traffic area.
      432 NW 12Th Ave, Miami, FL 33128
      View Details
    • $895,000
      1,988 SF

      Miami Mixed-Use Commercial Opportunity

      High-visibility mixed-use property on NW 27th Avenue in Miami.
      4699 NW 27Th Ave, Miami, FL 33142
      View Details
    • $500,000
      1,626 SF

      Operating Supermarket on Corner Lot

      Income-producing retail property in residential neighborhood with high visibility.
      1540 SW 22Nd Ave, Miami, FL 33145
      View Details
    • $600,000
      Pending

      Miami Retail Space in Fashion District

      Retail unit in Miami's Fashion District, suitable for various businesses.
      1830 NW 20Th St, Miami, FL 33142
      View Details
    • $4,700,000
      3,350 SF

      Freestanding Commercial Building on 8th

      Renovated 3,350 SF mixed-use building on high-traffic corner lot.
      7101 SW 8Th St, Miami, FL 33144
      View Details
    • $1,200,000
      1,032 SF

      Miami Freestanding Building with Dealership

      9,750 SF lot with 1,032 SF building in Miami.
      9301 NW 27Th Ave, Miami, FL 33147
      View Details
    • $780,000
      Pending

      Miami Warehouse with Office Space

      Warehouse with office space near Doral, Palmetto Expressway, and Airport.
      7344 NW 56Th St, Miami, FL 33166
      View Details
    • $310,000
      1,400 SF

      Turnkey Miami Storefront Business Opportunity

      Established Miami store for sale with licenses and equipment.
      S /Smoke Shop Store & Smoke Shop For Sale, Miami, FL 33126
      View Details
    • $520,000

      Class A Office Suite, Miami

      Furnished office suite in Downtown Miami's financial district.
      150 SE 2Nd Ave, Miami, FL 33131
      View Details
    • $300,000
      1,200 SF

      Versatile Office Space in Miami

      Modern office condo with excellent visibility and accessibility in Miami.
      12359 SW 132Nd Ct, Miami, FL 33186
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully furnished Miami fourplex near future Freedom Park.
    Where is this quadplex located?
    The property is located at 1647 NW 29Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Strong income potential from active Airbnb rentals with fully furnished and professionally decorated units.; - Prime Miami location near the future Freedom Park, promising strong appreciation and rental demand.; - Turnkey investment with all units fully furnished and modernly finished for immediate rental income.
    (305) 323-6036
    Request Owner's contact information
    1647 NW 29Th Ave Miami, FL 33125
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1647 NW 29Th Ave
    Miami, FL 33125
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1647 NW 29Th Ave Miami, FL 33125
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Orlando Leon
    Real Estate License ID: 3508666
    (305) 323-6036 (305) 595-8166
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!