Updated Multifamily
For Sale
$685,000
2625 NW 55th Street, Miami, FL 33142
The multi-unit configuration supports owner occupancy alongside rental income from the remaining units.
Property Size2,213 SF
Price / SF$328.85
Days on Market10
Property Features for 2625 NW 55th Street
General Information
Standard status
Active
Size
2,213 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
0100
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,887
Building Details
Building Size
2,213 SF
Year Built
1956
Stories
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Shirlee Fernandez
(786) 287-1023
Source:
Laerrealty
Added: Oct 23
Changed: Oct 26
Last Checked: Nov 1 at 2:33AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,083-square-foot multifamily property was built in 1956 and includes updated units. A new roof was installed in 2025. The configuration allows an owner to occupy one unit while receiving rental income from the others, or to operate the property as a rental investment.
Tri-Rail is nearby. Brickell, Downtown Miami, Wynwood, Midtown, and the Design District are approximately 15 minutes away.
Tri-Rail is nearby. Brickell, Downtown Miami, Wynwood, Midtown, and the Design District are approximately 15 minutes away.
Key Highlights
- 2,083‑square‑foot multifamily property built in 1956
- Updated units and a new roof installed in 2025
- Owner‑occupancy option with rental income from other units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,480
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,600
$769.6K
Cap Rate 7%
$549,714
$549.7K
Cap Rate 9%
$427,556
$427.6K
Market Conditions
NOI Build-Up for 2,083 SF
Gross rent
$75.0K $36.00/SF
− Vacancy
−$5.0K −$2.41/SF
EGI
$70.0K $33.59/SF
− OpEx
−$31.5K −$15.11/SF
NOI
$38.5K $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%
$769,600
Cap Rate 7%
$549,714
Cap Rate 9%
$427,556
Alternative Uses
Best Use
Apartment 5plus
$549.7K
$481.0K – $641.3K
NOI $38,480 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,423 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The multi-unit configuration supports owner occupancy alongside rental income from the remaining units.
Where is this multifamily property located?
The property is located at 2625 NW 55th Street Miami, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 2,083‑square‑foot multifamily property built in 1956; Updated units and a new roof installed in 2025; Owner‑occupancy option with rental income from other units
