Miami Multifamily Building For
For Sale
$3,500,000
Pending
17050 NW 55th Ave, Miami, FL 33055
Eleven-unit apartment building with recent upgrades in a prime location.
Property Size15,506 SF
Lot Size0.70 Acres
Days on Market327
Property Features for 17050 NW 55th Ave
General Information
Standard status
Pending
Size
15,506 SF
Lot size
0.70 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$31,993
Building Details
Building Size
15,506 SF
Year Built
1994
Stories
2
Listed By:
Lynda Harris
(954) 559-9816
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 19
Last Checked: Oct 20 at 7:34PM
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 Lynda Harris
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Investment Insights
Based on property information with market context.
This eleven-unit apartment building is located in unincorporated Miami-Dade County on a 30,000 sq ft corner lot. The two-story walk-up building features eight units with 3 bedrooms and 2 bathrooms, and three units with 2 bedrooms and 1 bathroom. A laundry facility is located on site. The property includes assigned parking spaces, separate electric meters, and one water meter. A new roof and new impact windows were installed 4 months ago. The property is located near Walmart, Target, Costco and many restaurants, and is 2 miles from Miami Lakes.
Key Highlights
- New roof and impact windows installed 4 months ago.
- 11‑unit apartment building with a mix of 3‑bedroom/2‑bath and 2‑bedroom/1‑bath units.
- Located on a large 30,000 sq ft corner lot in unincorporated Miami‑Dade County.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$286,449
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,728,980
$5.7M
Cap Rate 7%
$4,092,129
$4.1M
Cap Rate 9%
$3,182,767
$3.2M
Market Conditions
NOI Build-Up for 15,506 SF
Gross rent
$558.2K $36.00/SF
− Vacancy
−$37.4K −$2.41/SF
EGI
$520.8K $33.59/SF
− OpEx
−$234.4K −$15.11/SF
NOI
$286.4K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,728,980
Cap Rate 7%
$4,092,129
Cap Rate 9%
$3,182,767
Alternative Uses
Best Use
Apartment 5plus
$4.09M
$3.58M – $4.77M
NOI $286,449 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.47M
$9.16M – $12.21M
NOI $732,665 @ 7.0% cap · market cap 20.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,810
Businesses Nearby
Explore this area
Business Placement
Demographics for 33055, FL
42,950
Population
12,112
Households
3.5
Avg Household Size
42
Median Age
16%
College-Educated
76%
High-School Grad
6.0 sq mi
ZIP Area
7,158
Density / Sq Mi
$59,728
Median Household Income
$36,177
Median Earnings
$1,624
Median Rent
$341,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Eleven-unit apartment building with recent upgrades in a prime location.
Where is this apartment building located?
The property is located at 17050 NW 55th Ave Miami, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: New roof and impact windows installed 4 months ago.; 11‑unit apartment building with a mix of 3‑bedroom/2‑bath and 2‑bedroom/1‑bath units.; Located on a large 30,000 sq ft corner lot in unincorporated Miami‑Dade County.
