Triplex with Private
For Sale
$675,000
163 NW 18th Ct, Miami, FL 33125
Residential Income, Miami, FL
Property Size2,561 SF
Price / SF$263.57
Days on Market106
Property Features for 163 NW 18th Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 1
Parking
3
Exterior features
Fence
Fencing
Fenced
Subdivision
HILLCREST
Lot features
< 1/4 Acre
Directions
West Flagler (968) North on 18 Avenue, East on NW 1 Street, North on 18 Court, property on East side.
Standard status
Active
APN
01-41-03-011-0470
Size
2,561 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
HILLCREST PB 1-178 LOT 43 LOT SIZE 49.000 X 150 OR 20584-4642 07 2002 1 COC 23944-1125 10 2005 1
Tax Annual Amount
12446
Legal Description
HILLCREST PB 1-178 LOT 43 LOT SIZE 49.000 X 150 OR 20584-4642 07 2002 1 COC 23944-1125 10 2005 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Electric (Heating)
Cooling system
Wall/Window Unit(s), Electric, Window Unit(s)
Building Details
Year built
1953
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
BHHS EWM Realty
(305) 960-2400
Listed By:
Nelly David PA · License #0690899
(305) 807-0580
Added: Jun 29
Changed: Oct 10
Last Checked: Oct 12 at 9:06PM
MLS# A11850559
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,561-square-foot triplex, built in 1953, contains three separately entered residences: one with two bedrooms and one bathroom, another with three bedrooms and one bathroom, and a one-bedroom, one-bathroom unit. The property is block construction with tile flooring, a shingle roof, wall and window unit cooling, electric heating, fencing, and public sewer service.
Located at 163 NW 18th Ct in Miami, the property is near Marlins Stadium and public transportation, with access to major highways. Brickell, Downtown Miami, Coral Gables, Miami Beach, Wynwood, and Coconut Grove are identified as nearby destinations. The units are occupied on a month-to-month basis and the property is zoned Multifamily (2-9 Units).
Located at 163 NW 18th Ct in Miami, the property is near Marlins Stadium and public transportation, with access to major highways. Brickell, Downtown Miami, Coral Gables, Miami Beach, Wynwood, and Coconut Grove are identified as nearby destinations. The units are occupied on a month-to-month basis and the property is zoned Multifamily (2-9 Units).
Key Highlights
- 2,561‑square‑foot triplex with 3 separately entered units
- Unit mix includes 2 bd/1 bth, 3 bd/1 bth, and 1 bd/1 bth residences
- Zoned Multifamily (2‑9 Units)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,362
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,240
$1.0M
Cap Rate 7%
$733,743
$733.7K
Cap Rate 9%
$570,689
$570.7K
Market Conditions
NOI Build-Up for 2,561 SF
Gross rent
$78.4K $30.60/SF
− Vacancy
−$5.0K −$1.95/SF
EGI
$73.4K $28.65/SF
− OpEx
−$22.0K −$8.60/SF
NOI
$51.4K $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%
$1,027,240
Cap Rate 7%
$733,743
Cap Rate 9%
$570,689
Alternative Uses
Best Use
Multifamily LT 5
$733.7K
$642.0K – $856.0K
NOI $51,362 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$675.9K
$591.4K – $788.5K
NOI $47,310 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.02M
NOI $121,008 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property offering separately accessed residences with a varied bedroom mix and month-to-month occupancy.
Where is this triplex located?
The property is located at 163 NW 18th Ct Miami, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,561‑square‑foot triplex with 3 separately entered units; Unit mix includes 2 bd/1 bth, 3 bd/1 bth, and 1 bd/1 bth residences; Zoned Multifamily (2‑9 Units)
