Fully Leased Six-Unit
2765 Northwest 17th Terrace Miami, FL 33125
For Sale
$1,625,000
Two-story six-unit property with in-place parking income, fully occupied, on a 13,275 SF lot zoned T6-8-O.
Property Size4,577 SF
Lot Size0.30 Acres
Price / SF$355.04
Days on Market132
Property Features for 2765 Northwest 17th Terrace
General Information
- Standard status
- Active
- Size
- 4,577 SF
- Lot size
- 0.30 Acres
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1945
Listing Agency:
RE/MAX 360 Real Estate
(305) 602-0360
Listed By:
Agustin Duarte · License #3284824
(305) 602-0360
Source:
Compass
Added: Mar 14
Changed: Jul 23
Last Checked: Jul 23 at 3:59PM
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 RE/MAX 360 Real Estate
Investment Insights
Based on property information with market context.
This fully leased two-story multifamily property totals six units and includes additional leased parking income. The unit mix consists of four one-bedroom apartments and two three-bedroom apartments, providing in-place occupancy and cash flow.
The site sits on a 13,275 SF lot and is zoned T6-8-O. The property is noted as being within the Little Havana multifamily corridor, a consistently occupied rental market.
With an eligible Live Local designation noted in the remarks, the property is positioned for redevelopment planning, with conceptual density potential of up to 42 units subject to verification and approvals. Folio number 01-3133-008-0340.
The site sits on a 13,275 SF lot and is zoned T6-8-O. The property is noted as being within the Little Havana multifamily corridor, a consistently occupied rental market.
With an eligible Live Local designation noted in the remarks, the property is positioned for redevelopment planning, with conceptual density potential of up to 42 units subject to verification and approvals. Folio number 01-3133-008-0340.
Key Highlights
- Fully leased six‑unit multifamily with approx. 3,993 SF in a two‑story building
- Unit mix: four 1‑bedroom units and two 3‑bedroom units, plus additional leased parking income
- 13,275 SF lot with T6‑8‑O zoning (Primary Zone 6100 – Commercial Neighborhood)
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 | $164.8k | $36.00 |
| − Vacancy | −$11.0k | −$2.41 |
| EGI | $153.7k | $33.59 |
| − OpEx | −$69.2k | −$15.11 |
| NOI | $84.6k | $18.47 |
4,577 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,553 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.09M
$2.70M – $3.60M
NOI $216,265 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two-story six-unit property with in-place parking income, fully occupied, on a 13,275 SF lot zoned T6-8-O.
Where is this apartment building located?
The property is located at 2765 Northwest 17th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Fully leased six‑unit multifamily with approx. 3,993 SF in a two‑story building; Unit mix: four 1‑bedroom units and two 3‑bedroom units, plus additional leased parking income; 13,275 SF lot with T6‑8‑O zoning (Primary Zone 6100 – Commercial Neighborhood)
