Detached
For Sale
$1,100,000
1963 SW 17th Court, Miami, FL 33145
Three residential units occupy one detached property.
Property Size1,830 SF
Lot Size0.17 Acres
Days on Market17
Property Features for 1963 SW 17th Court
General Information
Standard status
Active
Size
1,830 SF
Lot size
0.17 Acres
Property subtype
Triplex
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,475
Building Details
Building Size
1,830 SF
Year Built
1948
Listing Agency:
Douglas Elliman
Listed By:
Duber Baptista · License #3476366
(786) 387-1115
Source:
Silverleafrealtygroup
Added: Sep 23
Changed: Oct 8
Last Checked: Oct 7 at 6:15PM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This detached triplex contains three residential units within a 1,830-square-foot building on a 7,500-square-foot lot. The property was built in 1948.
The Miami property is near Coral Gables, Brickell, and Downtown Miami, with shopping, dining, major highways, and public transportation in the surrounding area.
The Miami property is near Coral Gables, Brickell, and Downtown Miami, with shopping, dining, major highways, and public transportation in the surrounding area.
Key Highlights
- Three residential units in a detached building
- 1,830‑square‑foot building on a 7,500‑square‑foot lot
- Built in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,702
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,040
$734.0K
Cap Rate 7%
$524,314
$524.3K
Cap Rate 9%
$407,800
$407.8K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$56.0K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$52.4K $28.65/SF
− OpEx
−$15.7K −$8.60/SF
NOI
$36.7K $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%
$734,040
Cap Rate 7%
$524,314
Cap Rate 9%
$407,800
Alternative Uses
Best Use
Multifamily LT 5
$524.3K
$458.8K – $611.7K
NOI $36,702 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$482.9K
$422.6K – $563.4K
NOI $33,806 @ 7.0% cap · market cap 3.07%
Theoretical Best
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,468 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units occupy one detached property.
Where is this triplex located?
The property is located at 1963 SW 17th Court 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: Three residential units in a detached building; 1,830‑square‑foot building on a 7,500‑square‑foot lot; Built in 1948
