4-Unit Multifamily
1717 NW 16th St, Miami, FL 33125
For Sale
$1,100,000
The 2,975-square-foot building dates to 1986 and contains four units.
Property Size2,975 SF
Price / SF$369.75
Days on Market139
Property Features for 1717 NW 16th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Onyx Realty
Listed By:
Sean Guim · License FL #3403699
(786) 236-0240
Source:
Emporiore
Added: Jun 24
Changed: Nov 7
Last Checked: Nov 9 at 12:56PM
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 Onyx Realty
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Investment Insights
Based on property information with market context.
This Miami multifamily property contains four residential units within 2,975 square feet. Built in 1986, the building offers a four-unit configuration for residential income use.
Shopping, dining, schools, and major transportation routes are identified in the surrounding area.
Shopping, dining, schools, and major transportation routes are identified in the surrounding area.
Key Highlights
- Four‑unit residential property
- 2,975 square feet of building area
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,665
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,300
$1.2M
Cap Rate 7%
$852,357
$852.4K
Cap Rate 9%
$662,944
$662.9K
Market Conditions
NOI Build-Up for 2,975 SF
Gross rent
$91.0K $30.60/SF
− Vacancy
−$5.8K −$1.95/SF
EGI
$85.2K $28.65/SF
− OpEx
−$25.6K −$8.60/SF
NOI
$59.7K $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%
$1,193,300
Cap Rate 7%
$852,357
Cap Rate 9%
$662,944
Alternative Uses
Best Use
Multifamily LT 5
$852.4K
$745.8K – $994.4K
NOI $59,665 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$785.1K
$687.0K – $916.0K
NOI $54,958 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,570 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
7,129
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
$377,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The 2,975-square-foot building dates to 1986 and contains four units.
Where is this quadplex located?
The property is located at 1717 NW 16th St Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit residential property; 2,975 square feet of building area; Built in 1986
