New Income-Generating Multifamily
205 NW 159th St Miami, FL 33169
205 NW 159th St, Miami, FL, 33169
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For Sale
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Newly constructed 2024 multifamily on a large corner lot with separate water and electric meters for tenant-paid utilities.
Property Size6,756 SF
Price / SF$324.16
Days on Market82
Property Features for 205 NW 159th St
General Information
- Standard status
- Active
- Size
- 6,756 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing agency
Sustainable RE, LLC.
(305) 904-6929
Listed by
Joao Barbosa · License #3592191
Source
Crexi
Added: May 2 Updated: Jul 21 at 5:02PM Checked: Jul 21 at 5:02PM
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 Sustainable RE, LLC.
Investment Insights
Based on property information with market context.
This newly constructed (2024) income-producing multifamily property is offered in turnkey condition and positioned on a large corner lot. The building is set up for low-maintenance ownership, with tenants covering all utilities through separate water and electric meters.
Located at 205 NW 159th St in Miami, FL, the property is described as centrally located and just minutes from I-95 and Biscayne Blvd.
With the tenant-paid utility setup and an investor-oriented, turnkey presentation, this asset is being marketed as a strong option for multifamily buyers seeking stable income from day one.
Located at 205 NW 159th St in Miami, FL, the property is described as centrally located and just minutes from I-95 and Biscayne Blvd.
With the tenant-paid utility setup and an investor-oriented, turnkey presentation, this asset is being marketed as a strong option for multifamily buyers seeking stable income from day one.
Key Highlights
- Newly constructed 2024 multifamily property
- Generates nearly $15,500 per month in income
- Large corner lot
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $243.2k | $36.00 |
| − Vacancy | −$16.3k | −$2.41 |
| EGI | $226.9k | $33.59 |
| − OpEx | −$102.1k | −$15.11 |
| NOI | $124.8k | $18.47 |
6,756 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,806 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.56M
$3.99M – $5.32M
NOI $319,224 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Newly constructed 2024 multifamily on a large corner lot with separate water and electric meters for tenant-paid utilities.
Where is this multifamily property located?
The property is located at 205 NW 159th St Miami, FL.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Newly constructed 2024 multifamily property; Generates nearly $15,500 per month in income; Large corner lot
