1946 NW 49th St, Miami, FL 33142

Building Details

Year Built

1929

Listing office s***@gmail.com Show Phone

Listing date Apr 24, 2026

Source Elliman

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Overview

This income-producing multi-unit property presents an investment opportunity located approximately 5 minutes from Wynwood and the Miami Design District. The property was fully remodeled with permits approximately 6 months ago. Remodeling included a new roof, impact windows, plumbing, HVAC, and modern kitchens with high-end finishes. The property is currently fully leased and generates rental income. The front unit, featuring 2 bedrooms and 2 bathrooms, is leased for $2,800 per month. The rear unit, with 2 bedrooms and 1 bathroom, is leased for $2,100 per month. The studio unit is leased for $1,200 per month, bringing the total monthly income to $6,100. The property is professionally maintained and located in an area with demand for both long-term and short-term rentals. It offers cash flow for investors seeking stable returns with upside potential. The bike score is 57, indicating it is bikeable. The walk score is 63, indicating it is somewhat walkable. The transit score is 50, indicating good transit.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Miami

County

Miami-Dade

State

Florida

Longitude

-80.22952

Latitude

25.819614

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FAQs

What type of property is this?

Multifamily property - Fully remodeled multi-unit property near Wynwood and Miami Design District.

Where is this multifamily property located?

The property is located at 1946 NW 49th St Miami, FL.

What is the asking price?

The asking price for this property is $760,000.

What are key features of this property?

This property features: Fully remodeled with permits 6 months ago, including new roof, impact windows, plumbing, HVAC, and modern kitchens.; Currently fully leased with a total monthly income of $6,100.; Located just 5 minutes from Wynwood and the Miami Design District.