Six-Unit Multifamily
2765 NW 17th Ter Miami, FL 33125
2765 NW 17th Ter, Miami, FL, 33125
$1,625,000
For Sale
$1,625,000
Fully leased two-story six-unit building with added leased parking income on a 13,275 SF lot zoned T6-8-O.
Property Size3,993 SF
Lot Size0.30 Acres
Price / SF$406.96
Days on Market73
Property Features for 2765 NW 17th Ter
General Information
- Standard status
- Active
- Size
- 3,993 SF
- Lot size
- 0.30 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1945
Listing agency
RE/MAX 360 Real Estate
(305) 450-5992
Listed by
Agustin Duarte · License #3284824
(305) 450-5992
Source
Elliman
Added: May 10 Updated: Jul 20 at 6:22PM Checked: Jul 21 at 5:47AM
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 features four 1-bedroom homes and two 3-bedroom homes, providing in-place rental cash flow. The site is identified by folio 01-3133-008-0340.
The property sits on a 13,275 SF lot and is zoned T6-8-O. The property is described as eligible for Live Local incentives, and the seller notes conceptual redevelopment potential of up to 42 units subject to verification and approvals.
As a covered-land opportunity with existing income during planning, the asset offers a straightforward, current income stream alongside redevelopment upside tied to local approvals.
The property sits on a 13,275 SF lot and is zoned T6-8-O. The property is described as eligible for Live Local incentives, and the seller notes conceptual redevelopment potential of up to 42 units subject to verification and approvals.
As a covered-land opportunity with existing income during planning, the asset offers a straightforward, current income stream alongside redevelopment upside tied to local approvals.
Key Highlights
- Fully leased six‑unit, two‑story multifamily totaling approx. 3,993 SF on a 13,275 SF lot
- Unit mix: four 1‑bedroom units and two 3‑bedroom units, plus additional leased parking income
- Zoned T6‑8‑O (Primary Zone 6100 – Commercial Neighborhood) providing conceptual redevelopment potential of up to 42 units (subject to verification and approvals)
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 | $143.7k | $36.00 |
| − Vacancy | −$9.6k | −$2.41 |
| EGI | $134.1k | $33.59 |
| − OpEx | −$60.4k | −$15.11 |
| NOI | $73.8k | $18.47 |
3,993 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$922.1K – $1.23M
NOI $73,764 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.14M
NOI $188,671 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully leased two-story six-unit building with added leased parking income on a 13,275 SF lot zoned T6-8-O.
Where is this apartment building located?
The property is located at 2765 NW 17th Ter 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, two‑story multifamily totaling approx. 3,993 SF on a 13,275 SF lot; Unit mix: four 1‑bedroom units and two 3‑bedroom units, plus additional leased parking income; Zoned T6‑8‑O (Primary Zone 6100 – Commercial Neighborhood) providing conceptual redevelopment potential of up to 42 units (subject to verification and approvals)
