Multifamily Property Near
For Sale
$1,800,000
2015 NW 6th Pl, Miami, FL 33127
Multifamily property near Wynwood with redevelopment potential.
Property Size3,130 SF
Lot Size0.10 Acres
Price / SF$575.08
Days on Market218
Property Features for 2015 NW 6th Pl
General Information
Standard status
Active
Size
3,130 SF
Lot size
0.10 Acres
Building Details
Year Built
1951
Listing Agency:
Keller Williams Eagle Realty
Listed By:
Danielle Hall · License #3643177
(786) 726-2696
Source:
Chenoregroup
Added: Mar 10
Changed: Oct 2
Last Checked: Oct 13 at 12:17AM
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 Keller Williams Eagle Realty
Investment Insights
Based on property information with market context.
This multifamily property is located on the outskirts of Wynwood, minutes from Wynwood, Midtown, and Downtown Miami. The property features six one-bedroom, one-bath units within 3,130 square feet of space. Situated on a 4,500 square foot lot with multifamily zoning, the property presents upside potential for renovation or redevelopment. Its location provides easy access to major highways, facilitating quick connections to Miami Beach, the airport, and other major city hubs. The surrounding area is characterized by art, culture, and ongoing growth. The recent construction of the University of Miami Life Science & Technology Park across the street highlights the area's development. The property is tenant-occupied and represents an investment opportunity in a high-demand area near Miami’s dynamic neighborhoods.
Key Highlights
- Prime location minutes from Wynwood, Midtown, and Downtown Miami.
- Multifamily zoning offers strong upside potential for renovation or redevelopment.
- Income‑producing asset featuring 6 one‑bedroom/one‑bath units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,822
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,440
$1.2M
Cap Rate 7%
$826,029
$826.0K
Cap Rate 9%
$642,467
$642.5K
Market Conditions
NOI Build-Up for 3,130 SF
Gross rent
$112.7K $36.00/SF
− Vacancy
−$7.5K −$2.41/SF
EGI
$105.1K $33.59/SF
− OpEx
−$47.3K −$15.11/SF
NOI
$57.8K $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%
$1,156,440
Cap Rate 7%
$826,029
Cap Rate 9%
$642,467
Alternative Uses
Best Use
Apartment 5plus
$826.0K
$722.8K – $963.7K
NOI $57,822 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,894 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
7,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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?
Apartment building - Multifamily property near Wynwood with redevelopment potential.
Where is this apartment building located?
The property is located at 2015 NW 6th Pl Miami, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location minutes from Wynwood, Midtown, and Downtown Miami.; Multifamily zoning offers strong upside potential for renovation or redevelopment.; Income‑producing asset featuring 6 one‑bedroom/one‑bath units.
