Brand New Fourplex
147 Northwest 61st Street Miami, FL 33127
147 Northwest 61st Street, Miami, FL, 33127
$2,350,000
For Sale
$2,350,000
Brand new fourplex with four-bedroom units and a driveway sized for up to eight vehicles.
Property Size5,369 SF
Price / SF$437.70
Days on Market648
Property Features for 147 Northwest 61st Street
General Information
- Standard status
- Active
- Size
- 5,369 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 2025
Listing agency
Sustainable RE, LLC.
(305) 510-4613
Listed by
Joao Barbosa · License #3592191
(305) 510-4613
Source
Compass
Added: Oct 13, 2024 Updated: Jul 20 at 5:54PM Checked: Jul 21 at 8:07AM
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 Sustainable RE, LLC.
Investment Insights
Based on property information with market context.
A brand new fourplex offering four spacious units, each configured with four bedrooms. The property’s driveway provides space for up to eight vehicles, supporting convenient day-to-day access for residents and guests.
Located at 147 Northwest 61st Street in Miami, the home is described as being minutes from the highway. The seller’s remarks indicate steady demand for this type of rental configuration.
From a layout standpoint, this is a straightforward income property: four residential units within a single fourplex structure, each with the same four-bedroom configuration.
Located at 147 Northwest 61st Street in Miami, the home is described as being minutes from the highway. The seller’s remarks indicate steady demand for this type of rental configuration.
From a layout standpoint, this is a straightforward income property: four residential units within a single fourplex structure, each with the same four-bedroom configuration.
Key Highlights
- Brand new fourplex built in 2025 in Miami
- Each unit features 4 bedrooms
- Driveway provides space for up to 8 vehicles
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 | $164.3k | $30.60 |
| − Vacancy | −$10.5k | −$1.95 |
| EGI | $153.8k | $28.65 |
| − OpEx | −$46.1k | −$8.60 |
| NOI | $107.7k | $20.06 |
5,369 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.54M
$1.35M – $1.79M
NOI $107,678 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$1.42M
$1.24M – $1.65M
NOI $99,184 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$3.62M
$3.17M – $4.23M
NOI $253,688 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Brand new fourplex with four-bedroom units and a driveway sized for up to eight vehicles.
Where is this quadplex located?
The property is located at 147 Northwest 61st Street Miami, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Brand new fourplex built in 2025 in Miami; Each unit features 4 bedrooms; Driveway provides space for up to 8 vehicles
