Six-Unit Multifamily
For Sale
$1,625,000
2765 NW 17th Ter, Miami, FL 33125
Fully leased two-story six-unit building with added leased parking income on a 13,275 SF lot zoned T6-8-O.
Property Size4,577 SF
Lot Size0.30 Acres
Price / SF$355.04
Days on Market220
Property Features for 2765 NW 17th Ter
General Information
Standard status
Active
Size
4,577 SF
Lot size
0.30 Acres
Property subtype
Quadruplex
Zoning
T6-8-O
Occupancy
100%
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$16,694
Building Details
Building Size
4,577 SF
Year Built
1945
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX 360 Real Estate
Listed By:
Agustin Duarte · License #3284824
(305) 602-0360
Source:
Allyandaj
Added: Mar 16
Changed: Oct 16
Last Checked: Oct 21 at 6:29AM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,553
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,691,060
$1.7M
Cap Rate 7%
$1,207,900
$1.2M
Cap Rate 9%
$939,478
$939.5K
Market Conditions
NOI Build-Up for 4,577 SF
Gross rent
$164.8K $36.00/SF
− Vacancy
−$11.0K −$2.41/SF
EGI
$153.7K $33.59/SF
− OpEx
−$69.2K −$15.11/SF
NOI
$84.6K $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%
$1,691,060
Cap Rate 7%
$1,207,900
Cap Rate 9%
$939,478
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 authorities.
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,878
Businesses Nearby
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Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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)
