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Multifamily Property in Miami

2511 NW 24th St Miami, FL 33142

2511 NW 24th St, Miami, FL, 33142
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For Sale
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Multifamily property with 3601 square feet available for sale.

Property Size3,601 SF
Price / SF$242.99
AddedMar 7
Days on Market131
Last RefreshJul 15 at 8:28 pm

Property Features for 2511 NW 24th St

General Information

Standard status
Active
Size
3,601 SF
Property subtype
Multifamily

Building Details

Year Built
1936

Listing office OD Realty Group Corp.

Listing date Mar 7, 2026

Source Crexi

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 OD Realty Group Corp.


Investment Insights

Based on property information with market context.

This multifamily property, categorized as a residential income property, is available for sale. The property offers 3601 square feet of space.

Key Highlights

  • Regular Sale

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 $129.6k $36.00
− Vacancy −$8.7k −$2.41
EGI $121.0k $33.59
− OpEx −$54.4k −$15.11
NOI $66.5k $18.47
3,601 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$950.3K
$831.5K – $1.11M (±1% cap)
NOI $66,523 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.84M (±1% cap)
NOI $170,149 @ 7.0% cap · market cap 19.45%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Real Estate Agency Dental Office Law Firm Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Arcade & Gaming Center Coworking & Hybrid Office

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Multifamily property with 3601 square feet available for sale.
Where is this multifamily property located?
The property is located at 2511 NW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Regular Sale
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