Multifamily Property with Private
163 Northwest 18th Court Miami, FL 33125
163 Northwest 18th Court, Miami, FL, 33125
$795,000
For Sale
$795,000
Triplex with three units, each featuring a private entrance and month-to-month rental occupancy.
Property Size2,561 SF
Price / SF$310.43
Days on Market383
Property Features for 163 Northwest 18th Court
General Information
- Standard status
- Active
- Size
- 2,561 SF
- Property subtype
- Multi-Family Income / Triplex
Building Details
- Year Built
- 1953
Listing agency
BHHS EWM Realty
(305) 960-2400
Listed by
Nelly David PA · License #0690899
(305) 960-2400
Source
Compass
Added: Jul 6, 2025 Updated: Jul 21 at 4:25AM Checked: Jul 22 at 10:18AM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This multifamily property is zoned for 2–9 units and contains three total units in a triplex configuration. Each unit has its own private entrance, with layouts including two-bedroom/one-bath, three-bedroom/one-bath, and one-bedroom/one-bath. The property is described as an opportunity to renovate and is currently rented on a month-to-month basis.
The address is 163 Northwest 18th Court in Miami, Florida. Public remarks note it is a few blocks from Marlins Stadium and provides access to major highways, with proximity to public transportation and several central destinations including Brickell, Downtown, Coral Gables, Miami Beach, Wynwood, and Coconut Grove.
The offering is positioned for investors and owner-occupants seeking rental income, supported by the current month-to-month tenancy and the unit mix across three separate, privately accessed homes.
The address is 163 Northwest 18th Court in Miami, Florida. Public remarks note it is a few blocks from Marlins Stadium and provides access to major highways, with proximity to public transportation and several central destinations including Brickell, Downtown, Coral Gables, Miami Beach, Wynwood, and Coconut Grove.
The offering is positioned for investors and owner-occupants seeking rental income, supported by the current month-to-month tenancy and the unit mix across three separate, privately accessed homes.
Key Highlights
- Triplex built in 1953 with 3 total units, each with a private entrance
- Unit mix includes 2 bed/1 bath, 3 bed/1 bath, and 1 bed/1 bath
- All units are rented month‑to‑month
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 | $78.4k | $30.60 |
| − Vacancy | −$5.0k | −$1.95 |
| EGI | $73.4k | $28.65 |
| − OpEx | −$22.0k | −$8.60 |
| NOI | $51.4k | $20.06 |
2,561 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$733.7K
$642.0K – $856.0K
NOI $51,362 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$675.9K
$591.4K – $788.5K
NOI $47,310 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.02M
NOI $121,008 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three units, each featuring a private entrance and month-to-month rental occupancy.
Where is this triplex located?
The property is located at 163 Northwest 18th Court Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Triplex built in 1953 with 3 total units, each with a private entrance; Unit mix includes 2 bed/1 bath, 3 bed/1 bath, and 1 bed/1 bath; All units are rented month‑to‑month
