Triplex with Updated
For Sale
$399,999
4419 NW 17th Ave, Miami, FL 33142
Residential Income, Miami, FL
Property Size1,652 SF
Price / SF$242.13
Days on Market42
Property Features for 4419 NW 17th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
6101
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
Parking
1
Window features
Blinds
Patio and Porch features
Patio
Exterior features
Fence, Patio
Fencing
Fenced
Subdivision
NORTH MIAMI ESTATES
Lot features
< 1/4 Acre
Directions
17 AVENUE BETWEEN 44 ST & & 45 ST
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
01-31-23-037-0420
Size
1,652 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH MIAMI ESTATES PB 5-48 S50FT OF LOTS 5 & 6 LESS W10FT OF S50FT LOT 6 BLK 9 LOT SIZE 50.000 X 90 OR 19694-2888 0501 1 COC 24831-4373 08
Tax Annual Amount
4832
Legal Description
NORTH MIAMI ESTATES PB 5-48 S50FT OF LOTS 5 & 6 LESS W10FT OF S50FT LOT 6 BLK 9 LOT SIZE 50.000 X 90 OR 19694-2888 0501 1 COC 24831-4373 08
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Window Unit(s), Electric, Central Air, Zoned, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1938
Floors in Building
1
Flooring type
Tile
Building materials
Block, Frame, Stucco
Roof type
Shingle, Flat
Listing Agency:
Carmona Realty Group, LLC.
(305) 271-1810
Listed By:
Antonio Gutierrez · License #3028949
(305) 215-4501
Added: Jul 18
Changed: Aug 26
Last Checked: Aug 28 at 11:06PM
MLS# A11980250
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.
Investment Insights
Based on property information with market context.
This 1,652-square-foot triplex, built in 1938, contains three occupied units: one two-bedroom, one-bath residence and two one-bedroom, one-bath residences. The property includes tile flooring, a fenced outdoor area with patio, block, frame, and stucco construction, and public water and sewer service. The roof and central air-conditioning unit serving the main house were installed within the last 2 years.
The property is located at 4419 NW 17th Ave in Miami, near the expressway, the airport, and Wynwood. It carries the T5-O zoning designation. Current lease arrangements include one 1-year lease and month-to-month occupancy, providing a mix of term structures across the fully occupied property.
The property is located at 4419 NW 17th Ave in Miami, near the expressway, the airport, and Wynwood. It carries the T5-O zoning designation. Current lease arrangements include one 1-year lease and month-to-month occupancy, providing a mix of term structures across the fully occupied property.
Key Highlights
- Three occupied units with one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units
- 1,652 square feet on a property built in 1938
- Roof and main‑house central air‑conditioning unit installed within the last 2 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$662,640
$662.6K
Cap Rate 7%
$473,314
$473.3K
Cap Rate 9%
$368,133
$368.1K
Market Conditions
NOI Build-Up for 1,652 SF
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.
Gross rent
$50.6K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$47.3K $28.65/SF
− OpEx
−$14.2K −$8.60/SF
NOI
$33.1K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$662,640
Cap Rate 7%
$473,314
Cap Rate 9%
$368,133
Alternative Uses
Best Use
Multifamily LT 5
$473.3K
$414.2K – $552.2K
NOI $33,132 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$436.0K
$381.5K – $508.6K
NOI $30,518 @ 7.0% cap · market cap 7.63%
Theoretical Best
Specialty Retail
$1.12M
$975.7K – $1.30M
NOI $78,058 @ 7.0% cap · market cap 19.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied units include one two-bedroom residence and two one-bedroom residences, with central air serving the main house.
Where is this triplex located?
The property is located at 4419 NW 17th Ave Miami, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Three occupied units with one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units; 1,652 square feet on a property built in 1938; Roof and main‑house central air‑conditioning unit installed within the last 2 years
