Multifamily Property Near
2015 NW 6th Pl Miami, FL 33127
For Sale
$1,800,000
Multifamily property near Wynwood with redevelopment potential.
Property Size3,130 SF
Lot Size0.10 Acres
Price / SF$575.08
Days on Market142
Property Features for 2015 NW 6th Pl
General Information
Standard status
Active
Size
3,130 SF
Lot size
0.10 Acres
Property subtype
Commercial
Building Details
Year Built
1951
Listing Agency:
Eagle Realty LLC d/b/a Keller Williams Eagle Realty
(786) 726-2696
Listed By:
Danielle Hall · License #3643177
(786) 726-2696
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 28 at 7:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eagle Realty LLC d/b/a Keller Williams Eagle Realty
Investment Insights
Based on property information with market context.
This multifamily property is located on the outskirts of Wynwood, minutes from Wynwood, Midtown, and Downtown Miami. The property features six one-bedroom, one-bath units within 3,130 square feet of space. Situated on a 4,500 square foot lot with multifamily zoning, the property presents upside potential for renovation or redevelopment. Its location provides easy access to major highways, facilitating quick connections to Miami Beach, the airport, and other major city hubs. The surrounding area is characterized by art, culture, and ongoing growth. The recent construction of the University of Miami Life Science & Technology Park across the street highlights the area's development. The property is tenant-occupied and represents an investment opportunity in a high-demand area near Miami’s dynamic neighborhoods.
Key Highlights
- Prime location minutes from Wynwood, Midtown, and Downtown Miami.
- Multifamily zoning offers strong upside potential for renovation or redevelopment.
- Income‑producing asset featuring 6 one‑bedroom/one‑bath units.
Financial Insights For Apartment 5plus
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 | $112.7k | $36.00 |
| − Vacancy | −$7.5k | −$2.41 |
| EGI | $105.1k | $33.59 |
| − OpEx | −$47.3k | −$15.11 |
| NOI | $57.8k | $18.47 |
3,130 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$826.0K
$722.8K – $963.7K
NOI $57,822 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,894 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property near Wynwood with redevelopment potential.
Where is this apartment building located?
The property is located at 2015 NW 6th Pl Miami, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location minutes from Wynwood, Midtown, and Downtown Miami.; Multifamily zoning offers strong upside potential for renovation or redevelopment.; Income‑producing asset featuring 6 one‑bedroom/one‑bath units.
