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3040 NW 93rd St, Miami FL 33147

Multi-family Active With Contract
$849,995

BTC: 11.10233804

ETH: 377.77555556

32 days
0 room(s)
4,339 sqft

Overview

9 BEDROOMS 6 BATHROOMS 5 UNITS PRIME INCOME PROPERTY Exceptional investment opportunity delivering immediate cash flow. This expansive 4,339 SF multifamily property sits on a 13,044 SF lot and features 5 nonconforming units under one folio. The layout includes includes a spacious 3 bedroom main residence, two 2 bedroom units, and two 1 bedroom units, making it ideal for an owner occupant or full rental investment. Zoned for up to 9 units, offering strong future development and value add potential. The oversized lot provides ample space for additional construction and on site parking. All units are currently rented month to month, allowing flexibility to increase rents or reposition the property. Projected rental income with two units fully rented, cash flowing $12,000 per month. This includes two renovated 1 bedroom units at $2,000 each, 2 bedroom units ranging from $2,000 to $2,500, a 3 bedroom unit at $3,000, and a trailer at $700. Strong income potential from day one with room to grow.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1925
Lot:
No Data
Heating:
Central / Window/Wall
Price/sqft:
$196
Cooling:
Central Air / Electric / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,370,000
$889K – $1.8M
Confidence Low
List vs. estimate
$520K below estimate
List $849,995 · -38.0%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$195
-55.1% vs. city median $436
Based on
10 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $473K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$16,200
2025
Parking
8 spaces
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    • Window/Wall

    Cooling

    • Central Air

    • Electric

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 30-31-04-003-4340

    • Zoning: 5100

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Other financial information

    • Annual tax amount: $16,200

  • Source details

    • MLS ID: A12039482

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Architectural Style: Detached

    • Living Area: 4339

    • Subdivision Name: THE TROPICS AMD

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC