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12-Unit Residential Development Project
For Sale
$1,500,000

61 NW 17th Pl, Miami, FL 33125

COMMERCIAL - Miami, FL

Property SizeContact for details
Lot Size0.16 Acres
Days on Market100

Property Features for 61 NW 17th Pl

General Information

Property type Commercial Sale
Property subtype Other
Zoning description 3900
Subdivision ORANGE PARK
Lot features Rectangular Lot
Directions See MapQuest
Standard status Active
APN 01-41-03-012-0210
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description ORANGE PARK PB 1-109 LOT 8 LESS W2FT FOR ST BLK 2 LOT SIZE 7000 SQUARE FEET
Tax Annual Amount 10082
Legal Description ORANGE PARK PB 1-109 LOT 8 LESS W2FT FOR ST BLK 2 LOT SIZE 7000 SQUARE FEET

Utilities

Utilities Water Available
Sewer type Public Sewer
Water source Public
Listing Agency: BRS
Listed By: Angel Barreiro · License #3194683
Added: Apr 29 Changed: Aug 4 Last Checked: Aug 6 at 3:06AM
MLS# A11977546

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.

Investment Insights

Based on property information with market context.

This multifamily development project is currently in the final stage of approval, with Process #BD24-026131-001 and final plans approval expected within 30 days or less. The proposed configuration includes 12 residential units, with each unit planned as 2 bedrooms and 2 bathrooms.

The project is located in the Orange Park subdivision of Miami, just minutes from LoanDepot Park and Downtown Miami.

The asking information provided includes projected rent of $2,600 per unit and estimated gross monthly income of $31,200, for estimated gross annual income of $374,400.

Key Highlights

  • Multifamily development project with 12 residential units, each with 2 bedrooms and 2 bathrooms
  • Projected rent of $2,600 per unit and estimated gross monthly income of $31,200
  • Estimated gross annual income of $374,400

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Acupuncture Carpet & Flooring Store Butcher Pet Grooming Service Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

3,788
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Ready-to-build multifamily development featuring 12 two-bedroom, two-bath residential units in final approval stage.
Where is this apartment building located?
The property is located at 61 NW 17th Pl 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: Multifamily development project with 12 residential units, each with 2 bedrooms and 2 bathrooms; Projected rent of $2,600 per unit and estimated gross monthly income of $31,200; Estimated gross annual income of $374,400
More about this property
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