New Fourplex with Four-Bedroom
147 NW 61st St, Miami, FL 33127
For Sale
$2,190,000
Newly built quadplex with four-bedroom units and driveway parking.
Property Size5,369 SF
Days on Market53
Property Features for 147 NW 61st St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Sustainable RE, LLC.
Listed By:
Joao Barbosa · License FL #3592191
(305) 904-6929
Source:
Elliman
Added: Sep 19
Changed: Nov 6
Last Checked: Nov 8 at 5:55AM
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.
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Investment Insights
Based on property information with market context.
Completed in 2025, this quadplex contains four spacious residential units, with each unit configured as a four-bedroom home. The driveway accommodates up to 8 vehicles, providing dedicated on-site parking for residents and guests.
The property is located at 147 NW 61st St in Miami, Florida, with highway access described as minutes away. Walk Score is 78, classified as Very Walkable; Bike Score is 57, classified as Bikeable; and Transit Score is 48, classified as Some Transit. The four-unit configuration and consistent bedroom count create a clearly defined residential income property profile.
The property is located at 147 NW 61st St in Miami, Florida, with highway access described as minutes away. Walk Score is 78, classified as Very Walkable; Bike Score is 57, classified as Bikeable; and Transit Score is 48, classified as Some Transit. The four-unit configuration and consistent bedroom count create a clearly defined residential income property profile.
Key Highlights
- Four‑unit quadplex completed in 2025
- Each unit includes 4 bedrooms
- Driveway accommodates up to 8 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,678
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,153,560
$2.2M
Cap Rate 7%
$1,538,257
$1.5M
Cap Rate 9%
$1,196,422
$1.2M
Market Conditions
NOI Build-Up for 5,369 SF
Gross rent
$164.3K $30.60/SF
− Vacancy
−$10.5K −$1.95/SF
EGI
$153.8K $28.65/SF
− OpEx
−$46.1K −$8.60/SF
NOI
$107.7K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,153,560
Cap Rate 7%
$1,538,257
Cap Rate 9%
$1,196,422
Alternative Uses
Best Use
Multifamily LT 5
$1.54M
$1.35M – $1.79M
NOI $107,678 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$1.42M
$1.24M – $1.65M
NOI $99,184 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$3.62M
$3.17M – $4.23M
NOI $253,688 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,354
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
$398,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Miami, FL
Properties on Market for Quadplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Newly built quadplex with four-bedroom units and driveway parking.
Where is this quadplex located?
The property is located at 147 NW 61st St Miami, FL.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Four‑unit quadplex completed in 2025; Each unit includes 4 bedrooms; Driveway accommodates up to 8 vehicles
