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1620 NW 18th St, Miami FL 33125

Commercial For Sale
$5,750,000

BTC: 67.21215663

ETH: 2,300.00000000

New
0 room(s)

Overview

Presenting The Lola Apartments, a 2025-built multifamily asset offering 20 units across three stories on a 7,150 square foot (0.16 acre) lot. The building totals 14,879 gross square feet with 10,246 square feet of net rentable living space, and features a well-balanced unit mix: (5) studios at 410 square feet, (4) one-bedroom/one-bath units at 410 square feet, (5) one-bedroom/one-bath units at 531 square feet, and (6) two-bedroom/one-bath units at 650 square feet. Every unit has been outfitted with modern touches. Interiors feature new white shaker cabinetry, quartz countertops, stainless steel appliance packages, wood-style vinyl plank flooring, full bathtubs, and spacious walk-in closets. Floor-to-ceiling glass sliding doors open to private balconies, filling each unit with natural light and giving the building a clean, contemporary presence on the street. Select units are served by central air conditioning, with the balance on efficient mini-split systems. The property is individually metered for water, allowing ownership more managerial flexibility. While the building does not have an elevator, it is fully handicap accessible via a wheelchair lift, expanding the tenant pool and satisfying accessibility requirements. Connectivity is a defining strength of the location. The Dolphin Expressway is less than a mile away and I-95 is under two miles, giving residents of The Lola immediate proximity to highways that access all of Miami-Dade and Broward counties.

Location

Florida • Miami • 33125 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
2025
Lot:
7150 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,712,762
$1.8M – $6.3M
Confidence Low
List vs. estimate
$3.0M above estimate
List $5,750,000 · +112.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $530K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$11,433
2025
All facts and features

  • Lot

    • Lot: 7150 Square Feet

    Other Property Information

    • Parcel Number: 01-31-35-005-2340

    • Zoning: 4601

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $11,433

  • Source details

    • MLS ID: A12092840

    Other facts

    • Construction Materials: Concrete Block Construction

    • Window Features: Complete Impact Glass

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33125
214
median $682K
Active
Same city
Miami
12,835
median $635K
Active
Same type
Commercial
1,228
median $1.1M
Active
Similar price
$4.0M – $7.5M
493
median $5.2M
Active

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: MSP Group, LLC