Eight-Unit Multifamily Corner
For Sale
Contact for pricing
670 NW 56th St, Miami, FL 33127
Eight units on a corner lot, with zoning T68O allowing a broad mix of residential, commercial, and recreational uses.
Property SizeContact for details
Days on Market143
Property Features for 670 NW 56th St
General Information
Standard status
Active
Property subtype
Special Purpose
Zoning
T68O
Additional Details
Cap Rate
5.5%
Highway Access
Yes
Multifamily Units
8
Listing Agency:
Fausto Commercial Realty Consultants
(305) 510-6627
Listed By:
Vicente Rodriguez · License #3289280
Source:
Crexi
Added: Apr 11
Changed: Aug 28
Last Checked: Aug 14 at 7:36AM
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 Fausto Commercial Realty Consultants
Investment Insights
Based on property information with market context.
This is an eight-unit multifamily property on a corner lot with 10,500 square feet and zoning T68O. The current unit mix includes seven studios and one one-bedroom, one-bath. The property is described as currently producing a 5.5% cap rate, with proforma and Airbnb scenarios also provided in the remarks.
The location is just west of I-95, with easy access to the airport and Downtown, and the remarks cite distances to Brickell, Midtown and the Design District, as well as Wynwood.
Zoning T68O is described as permitting a range of uses, including mix-use residential, short-term rental (Airbnb), commercial, retail, office, food and recreational uses, alcohol service establishments, religious facilities, pre-school, and research facilities. The remarks also state the site allows development up to eight stories for future expansion.
The location is just west of I-95, with easy access to the airport and Downtown, and the remarks cite distances to Brickell, Midtown and the Design District, as well as Wynwood.
Zoning T68O is described as permitting a range of uses, including mix-use residential, short-term rental (Airbnb), commercial, retail, office, food and recreational uses, alcohol service establishments, religious facilities, pre-school, and research facilities. The remarks also state the site allows development up to eight stories for future expansion.
Key Highlights
- 8‑unit multifamily on a corner lot with 10,500 sqft of lot area
- Unit mix: 7 studios and 1 one bed, one bath
- Current cap rate of 5.5%; proforma cap rate of 7.98%
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,570
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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?
Apartment building - Eight units on a corner lot, with zoning T68O allowing a broad mix of residential, commercial, and recreational uses.
Where is this apartment building located?
The property is located at 670 NW 56th St Miami, FL.
What are key features of this property?
This property features: 8‑unit multifamily on a corner lot with 10,500 sqft of lot area; Unit mix: 7 studios and 1 one bed, one bath; Current cap rate of 5.5%; proforma cap rate of 7.98%
