Renovated
New
For Sale
$1,500,000
418 NW 47th St, Miami, FL 33127
Residential Income, Miami, FL
Property Size3,050 SF
Price / SF$491.80
Days on Market3
Property Features for 418 NW 47th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
0104
Bedrooms
6
Full bathrooms
6
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 6, Bedroom 4, Bedroom 5, Bathroom 7, Bedroom 6, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3
Parking
4
Window features
Blinds
Exterior features
Fence
Fencing
Fenced
Subdivision
BUENA VISTA HEIGHTS EXTEN
Lot features
< 1/4 Acre
Directions
Take I-95 and exit on 62nd Street and stay on the side of the expressway (I-95) to 54th street and go east. to NW 5th Avenue and go South to NW 47th Street and property in the rear.
Special listing conditions
Short Sale
Standard status
Active
APN
01-31-24-018-1540
Size
3,050 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2023
Tax Description
BUENA VISTA HGTS EXTN PB 3-64 LOT 9 BLK 32 & E1/2 OF ALLEY LYG W & ADJ CLOSED PER ORD#13492 LOT SIZE 7920 SQ FT M/L OR 9335 1053
Tax Annual Amount
16294
Legal Description
BUENA VISTA HGTS EXTN PB 3-64 LOT 9 BLK 32 & E1/2 OF ALLEY LYG W & ADJ CLOSED PER ORD#13492 LOT SIZE 7920 SQ FT M/L OR 9335 1053
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Flooring type
Tile - Ceramic, Tile
Building materials
CBS (Concrete Block Structure), Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Claudienne Hibbert · License #3022949
(786) 229-6567
Added: Oct 27
Changed: Oct 29
Last Checked: Oct 29 at 4:06AM
MLS# A11621180
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,050-square-foot quadplex was built in 1952 and has been renovated. Concrete block construction, ceramic tile flooring, central heating and air conditioning, and a fenced exterior are among its features. Public water and sewer serve the property, and the roof is shingle.
The building is fully rented. The landlord covers electric and water service.
The building is fully rented. The landlord covers electric and water service.
Key Highlights
- Four‑unit residential income property, fully rented
- 3,050 square feet; renovated
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,169
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,223,380
$1.2M
Cap Rate 7%
$873,843
$873.8K
Cap Rate 9%
$679,656
$679.7K
Market Conditions
NOI Build-Up for 3,050 SF
Gross rent
$93.3K $30.60/SF
− Vacancy
−$5.9K −$1.95/SF
EGI
$87.4K $28.65/SF
− OpEx
−$26.2K −$8.60/SF
NOI
$61.2K $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%
$1,223,380
Cap Rate 7%
$873,843
Cap Rate 9%
$679,656
Alternative Uses
Best Use
Multifamily LT 5
$873.8K
$764.6K – $1.02M
NOI $61,169 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$804.9K
$704.3K – $939.1K
NOI $56,344 @ 7.0% cap · market cap 3.76%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $144,114 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,102
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The property is fully leased, with electric and water costs paid by the landlord.
Where is this quadplex located?
The property is located at 418 NW 47th St Miami, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four‑unit residential income property, fully rented; 3,050 square feet; renovated; Built in 1952
