8-Unit Multifamily Building with
225 Southwest 18th Avenue Miami, FL 33135
225 Southwest 18th Avenue, Miami, FL, 33135
$2,450,000
For Sale
$2,450,000
Eight-unit multifamily property with impact windows, individual electrical meters, and four balconies, plus on-site parking.
Property Size5,994 SF
Price / SF$408.74
Days on Market120
Property Features for 225 Southwest 18th Avenue
General Information
- Standard status
- Active
- Size
- 5,994 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1971
Listing agency
The Keyes Company
(954) 389-3459
Listed by
Stanley Rosen · License #0681734
(954) 389-3459
Source
Compass
Added: Mar 26 Updated: Jul 21 at 7:01AM Checked: Jul 22 at 9:55AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This eight-unit multifamily building includes six 2BR/1BA units and two 1BR/1BA units. The property features impact windows, four balconies, and eight parking spaces. Utilities are separately metered with one water meter and individual electrical meters for the units.
A 40-year recertification has been completed in 2022. The asset is zoned T5-R, which allows redevelopment and expansion, as well as short-term rentals. The building is centrally located near LoanDepot Park and within walking distance to supermarkets, dining, and public transit, with access to medical services, shopping, and major highways.
The current configuration offers a straightforward mix of 2-bedroom and 1-bedroom residences with measured utility setups and on-site parking to support day-to-day operations.
A 40-year recertification has been completed in 2022. The asset is zoned T5-R, which allows redevelopment and expansion, as well as short-term rentals. The building is centrally located near LoanDepot Park and within walking distance to supermarkets, dining, and public transit, with access to medical services, shopping, and major highways.
The current configuration offers a straightforward mix of 2-bedroom and 1-bedroom residences with measured utility setups and on-site parking to support day-to-day operations.
Key Highlights
- Eight‑unit multifamily building (1971) with six 2BR/1BA units and two 1BR/1BA units.
- Impact windows, one water meter, and individual electrical meters for the units.
- Includes four balconies and 8 on‑site parking spaces.
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 | $215.8k | $36.00 |
| − Vacancy | −$14.5k | −$2.41 |
| EGI | $201.3k | $33.59 |
| − OpEx | −$90.6k | −$15.11 |
| NOI | $110.7k | $18.47 |
5,994 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.58M
$1.38M – $1.85M
NOI $110,730 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.05M
$3.54M – $4.72M
NOI $283,219 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property with impact windows, individual electrical meters, and four balconies, plus on-site parking.
Where is this apartment building located?
The property is located at 225 Southwest 18th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Eight‑unit multifamily building (1971) with six 2BR/1BA units and two 1BR/1BA units.; Impact windows, one water meter, and individual electrical meters for the units.; Includes four balconies and 8 on‑site parking spaces.
