Four-Unit Residential
853 NW 29th St, Miami, FL 33127
For Sale
New
$1,485,000
Residential Income, Miami, FL
Property Size2,136 SF
Price / SF$695.22
Days on Market1
Property Features for 853 NW 29th St
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Subdivision
Lot features
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Amenities
covered patio
exterior staircase
mature trees
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(305) 662-7325
Listed By:
Ricky Kallabat PA · License FL #3254287
(305) 747-5117
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# A12117995
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.
Built in 1936, this 2,136-square-foot, two-story property contains four residential units. Exterior features include stucco over concrete block, a covered ground-level patio, an outdoor staircase, and mature trees around the perimeter. Interior finishes include ceramic tile, multi-pane windows, cabinetry, dark countertops, a tiled backsplash, and a black electric range. The property has central air and ceiling fans, with public sewer service and a shingle roof.
The property is in Miami, near Wynwood, Midtown, and Downtown, with major roadways, dining, and entertainment also identified in the surrounding area. Two units are currently rented, while the other two are not described as rented. The stated development concept is 15 or more units, potentially with commercial space at ground level; zoning, permitted uses, condition, and rental details require buyer verification.
The property is in Miami, near Wynwood, Midtown, and Downtown, with major roadways, dining, and entertainment also identified in the surrounding area. Two units are currently rented, while the other two are not described as rented. The stated development concept is 15 or more units, potentially with commercial space at ground level; zoning, permitted uses, condition, and rental details require buyer verification.
Key Highlights
- Four residential units in a 2,136‑square‑foot building
- Two units currently rented; two additional units are present
- Potential development concept of 15 or more units, with possible ground‑floor commercial use; buyer to verify
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,839
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,780
$856.8K
Cap Rate 7%
$611,986
$612.0K
Cap Rate 9%
$475,989
$476.0K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$65.4K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$61.2K $28.65/SF
− OpEx
−$18.4K −$8.60/SF
NOI
$42.8K $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%
$856,780
Cap Rate 7%
$611,986
Cap Rate 9%
$475,989
Alternative Uses
Best Use
Multifamily LT 5
$612.0K
$535.5K – $714.0K
NOI $42,839 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$563.7K
$493.2K – $657.7K
NOI $39,459 @ 7.0% cap · market cap 2.66%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,927 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,112
Businesses Nearby
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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
$398,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Miami, FL
Properties on Market for Quadplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two of the four units are currently rented, with two additional units in the building.
Where is this quadplex located?
The property is located at 853 NW 29th St Miami, FL.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Four residential units in a 2,136‑square‑foot building; Two units currently rented; two additional units are present; Potential development concept of 15 or more units, with possible ground‑floor commercial use; buyer to verify
