Multifamily Property Near
For Sale
$399,999
Pending
4419 Northwest 17th Avenue, Miami, FL 33142
Income-generating multifamily property with development potential in a desirable location.
Property Size1,652 SF
Days on Market218
Property Features for 4419 Northwest 17th Avenue
General Information
Standard status
Pending
Size
1,652 SF
Property subtype
Multi-Family Income / Duplex
Taxes and HOA fees
Annual Taxes
$4,832
Building Details
Year Built
1938
Listing Agency:
Carmona Realty Group, LLC.
Listed By:
Antonio Gutierrez · License #3028949
(305) 271-1810
Source:
Compass
Added: Mar 10
Changed: Oct 7
Last Checked: Oct 12 at 10:09PM
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 Carmona Realty Group, LLC.
Investment Insights
Based on property information with market context.
This multifamily property offers potential for commercial space mix use or development. It is centrally located near the expressway, airport, and Wynwood. The property is currently fully occupied with a total of three units. These include one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. The units are currently occupied on a month-to-month basis. The property is an income generator. The roof was installed within the last 2 years. The property size is 1652 square feet.
Key Highlights
- Excellent income‑producing property.
- Zoned T5‑O with potential for multifamily/commercial development.
- Centrally located near Expressway, Airport, and Wynwood.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,518
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,360
$610.4K
Cap Rate 7%
$435,971
$436.0K
Cap Rate 9%
$339,089
$339.1K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$59.5K $36.00/SF
− Vacancy
−$4.0K −$2.41/SF
EGI
$55.5K $33.59/SF
− OpEx
−$25.0K −$15.11/SF
NOI
$30.5K $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%
$610,360
Cap Rate 7%
$435,971
Cap Rate 9%
$339,089
Alternative Uses
Best Use
Apartment 5plus
$436.0K
$381.5K – $508.6K
NOI $30,518 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.12M
$975.7K – $1.30M
NOI $78,058 @ 7.0% cap · market cap 19.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Income-generating multifamily property with development potential in a desirable location.
Where is this multifamily property located?
The property is located at 4419 Northwest 17th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Excellent income‑producing property.; Zoned T5‑O with potential for multifamily/commercial development.; Centrally located near Expressway, Airport, and Wynwood.
