147 NW 61st St Miami, FL 33127
New 2025 Section 8 fourplex with four separately metered 4-bedroom units, 100% leased.
- Added:
- Jun 30, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 4 at 2:43 am
Property Features for 147 NW 61st St
General Information
- Standard status
- Active
- Size
- 6,299 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing office Fausto Commercial (786) 261-5393
Listing date Jun 30, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Located in Little Haiti at 147 NW 61st St in Miami, the property is described as being one mile north of the Design District, with quick access to I-95 and I-195. The asset is presented as 100% leased, with the reported rental stream characterized as authority-paid.
For buyers seeking a residential income structure with minimal execution risk, this offering provides an immediately leased configuration and a construction-warranty profile. The seller reports current annual income of $180,756 and a pricing level of $2,190,000 ($547,500 per unit). The remarks state the price reflects a 6% going-in cap on in-place rents with post-sale taxes included, and note that two units are renting below building-approved levels, leaving room for renewed rents at lease expiration.
Key Highlights
- Brand‑new 2025 Section 8 fourplex with four separately metered 4‑bedroom units
- 100% leased property producing $180,756/year in authority‑paid rent
- Concrete block, hurricane‑rated construction under builder warranty
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 | $192.7k | $30.60 |
| − Vacancy | −$12.3k | −$1.95 |
| EGI | $180.5k | $28.65 |
| − OpEx | −$54.1k | −$8.60 |
| NOI | $126.3k | $20.06 |
