10-Unit Apartment
New
For Sale
$2,000,000
6415 NW 17th Ave, Miami, FL 33147
Eight one-bedroom homes and two two-bedroom homes provide a defined residential unit mix.
Property Size5,240 SF
Price / SF$381.68
Days on Market3
Property Features for 6415 NW 17th Ave
General Information
Standard status
Active
Size
5,240 SF
Property subtype
Commercial
Zoning
3901
Site & Location
Neighborhood
Liberty Square
Public Transit
Yes
Units
Unit Mix
8 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
10
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$13,466
Building Details
Building Size
5,240 SF
Year Built
1955
Units
10
Listing Agency:
Green Lands Realty
Listed By:
Laura Sanchez · License #3200886
(305) 503-4121
Source:
Futureoptionrealty
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:04PM
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 Green Lands Realty
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Investment Insights
Based on property information with market context.
This 5,240-square-foot apartment property contains 10 residences: eight with one bedroom and one bathroom, and two with two bedrooms and one bathroom. Separate electric meters serve each apartment. The building dates to 1955 and carries zoning designation 3901.
The property is at 6415 NW 17th Ave in Miami. Major roads, public transportation, retail, dining, and employment centers are nearby.
The property is at 6415 NW 17th Ave in Miami. Major roads, public transportation, retail, dining, and employment centers are nearby.
Key Highlights
- 10 apartments: eight 1‑bedroom, 1‑bathroom units and two 2‑bedroom, 1‑bathroom units
- 5,240 square feet
- Separate electric meters for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,801
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,936,020
$1.9M
Cap Rate 7%
$1,382,871
$1.4M
Cap Rate 9%
$1,075,567
$1.1M
Market Conditions
NOI Build-Up for 5,240 SF
Gross rent
$188.6K $36.00/SF
− Vacancy
−$12.6K −$2.41/SF
EGI
$176.0K $33.59/SF
− OpEx
−$79.2K −$15.11/SF
NOI
$96.8K $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%
$1,936,020
Cap Rate 7%
$1,382,871
Cap Rate 9%
$1,075,567
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,801 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.54M
$3.09M – $4.13M
NOI $247,592 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
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 - Eight one-bedroom homes and two two-bedroom homes provide a defined residential unit mix.
Where is this apartment building located?
The property is located at 6415 NW 17th Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 10 apartments: eight 1‑bedroom, 1‑bathroom units and two 2‑bedroom, 1‑bathroom units; 5,240 square feet; Separate electric meters for each apartment
