4-Unit Multifamily Property with
For Sale
$1,325,000
3020 NW 17th St, Miami, FL 33125
The property includes a detached rear residence, a swimming pool, and an expansive backyard.
Property Size2,060 SF
Days on Market15
Property Features for 3020 NW 17th St
General Information
Standard status
Active
Size
2,060 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Parkdale South
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$17,546
Amenities
swimming pool
backyard
Building Details
Building Size
2,060 SF
Year Built
1948
Buildings
2
Listing Agency:
NV Realty Services, Inc.
Listed By:
Kristopher Elliott · License #3221591
(305) 345-9774
Source:
Marcelosteinmander
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 11:38AM
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 NV Realty Services, Inc.
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Investment Insights
Based on property information with market context.
This Miami multifamily property contains four units with a combined eight bedrooms and four bathrooms. One residence is detached at the rear of the property. A swimming pool and expansive backyard provide outdoor space, and the building dates to 1948.
The property is in Miami, with access to Miami International Airport, Downtown Miami, Wynwood, and South Beach.
The property is in Miami, with access to Miami International Airport, Downtown Miami, Wynwood, and South Beach.
Key Highlights
- Four units with a combined 8 bedrooms and 4 bathrooms
- One detached residence at the rear of the property
- Swimming pool and expansive backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,314
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,280
$826.3K
Cap Rate 7%
$590,200
$590.2K
Cap Rate 9%
$459,044
$459.0K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$63.0K $30.60/SF
− Vacancy
−$4.0K −$1.95/SF
EGI
$59.0K $28.65/SF
− OpEx
−$17.7K −$8.60/SF
NOI
$41.3K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,280
Cap Rate 7%
$590,200
Cap Rate 9%
$459,044
Alternative Uses
Best Use
Multifamily LT 5
$590.2K
$516.4K – $688.6K
NOI $41,314 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$543.6K
$475.7K – $634.3K
NOI $38,055 @ 7.0% cap · market cap 2.87%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,336 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,164
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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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?
Quadplex - The property includes a detached rear residence, a swimming pool, and an expansive backyard.
Where is this quadplex located?
The property is located at 3020 NW 17th St Miami, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Four units with a combined 8 bedrooms and 4 bathrooms; One detached residence at the rear of the property; Swimming pool and expansive backyard
