2385 SW 17th St, Miami, FL 33145
- Added:
- Jun 30, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 1 at 6:06 pm
Property Features for 2385 SW 17th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 2, Bathroom 1
- Parking
- 6
- Standard status
- Active
- APN
- 01-41-10-027-0500
- Size
- 2,306 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- VEDADO PB 10-19 LOT 14 LOT 14A BLK 3 AND S3FT OF LOT 11 LOT SIZE 50.000 X 112 COC 26162-2299 02/08 /26202-0983
- Tax Annual Amount
- 11281
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Flooring type
- Tile, Vinyl
- Building materials
- Block, Frame, Stucco
Listing agent Eric Farmelant License #3290089 (954) 850-3905
Listing office Compass Florida, LLC 2550 S Bayshore Dr Suite 106, Miami, FL (305) 697-5402
Listing date Jun 30, 2026
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
- Triplex built in 1930 with block, frame, and stucco construction
- Income details include two main 2 bed/2 bath units plus a detached 1 bed cottage
- Renovated 2 bed/2 bath unit rented annually for $2,350/mo
- Gutted 2 bed/2 bath unit awaiting full remodel (rental details not stated)
- Detached 1 bed cottage rented annually for $1,500/mo
- Roof is about 5 years old; buyer to assume responsibility for curing a CITY VIOLATION and associated fines, with architectural plans provided
Overview
The property is located at 2385 SW 17th St, Miami, FL 33145 in Miami-Dade County. The seller is marketing the home as a short sale, and the buyer will be responsible for curing a city violation and any associated fines. Architectural plans for the cure will be provided upon inquiry.
For investors or owner-occupants looking for a multi-unit residential setup, the mix of an already-renovated unit and units requiring remodel offers flexibility in operations and unit mix. Annual rent is in place on the renovated 2/2 unit and the detached cottage, while the second 2/2 unit presents an opportunity for a full interior repositioning once the required city cure is addressed. The listing also notes projected gross income of $7,000+ per month.
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 | $70.6k | $30.60 |
| − Vacancy | −$4.5k | −$1.95 |
| EGI | $66.1k | $28.65 |
| − OpEx | −$19.8k | −$8.60 |
| NOI | $46.2k | $20.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.234071
- Latitude
- 25.756726
