$10,000

closing credit¹

127 NW 47th Ter Miami, FL 33127

$1,690,000
4,120 sqft
$410 / sqft
Multi-Family

Property details

About 127 NW 47th Ter

Great Investment opportunity with stable rent growth and cash flow. Located in close proximity to the Design District, Wynwood, and downtown Miami. The property has a new roof consists of 6 individual units with a total of 11 bedrooms and 6 bathrooms. Included a one story single family home which was subdivided into a 2 bedrooms, 1 bath apartment for $2,200 a month and an additional 1 bedroom, 1 bath apartment for $1,133 a month. Two separate 2 -story buildings in the back of the property consist of another 4 apartments, each having 2 bedrooms and 1 full bath. All units are secured with current tenants and an average monthly rent of $2,200. Laundry is on premise. This property offers an opportunity to further increase cash flow through small improvements according to fair market value.

Highlights

Home typeQuadruplex
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric
Size4,120 sqft
Year built1926
MLS #RX-11061048

Virtual tour

Summary

  • MLS Number: RX-11061048
  • Office Name: Douglas Elliman
  • Office Phone: (561) 245-2635
  • Listing Agent: Tinka Ellington
  • Agent Phone: (954) 448-5226

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 3:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of home's exterior featuring a carport

$1,690,000

127 NW 47th Ter

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Mar 29, 2012
Home Sold
$95,000
Aug 02, 2004
Home Sold
$285,000
Jun 05, 2001
Home Sold
$185,000
Jul 21, 2000
Home Sold
$126,000

Tax history

YearAssessmentProperty Tax
2023$710,811$11,457
2022$418,985$9,043
2021$418,985$9,043
2020$363,485$8,851
2018$231,918$6,845
2017$334,414$6,850

History based on county public records data.

Nearby schools

7

Shadowlawn Elementary School

Public District PK-5

0.1 mi

149 NW 49th St

7

Toussaint L'Ouverture Elementary School

Public District PK-5

0.7 mi

120 NE 59th St

4

Eneida Massas Hartner Elementary School

Public District PK-5

1.1 mi

401 NW 29th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $27,923. Most Miami, FL residents have annual incomes less than $<35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

63%
<35k
34%
35k-100k
3%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

44%
Single, No Kids
24%
Single, with Kids
15%
Married, No Kids
17%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
35%
35-64 yrs old
17%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • BurlingtonBurlington
  • Foot LockerFoot Locker
  • H&MH&M

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Little CaesarsLittle Caesars
  • Boston MarketBoston Market

What do the neighbors drive?

  • KiaKia
  • DodgeDodge
  • HondaHonda

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 127 NW 47th Ter in Miami, FL and zip code 33127 in the Shadow Lawn neighborhood. This 4,120 square foot home was built in 1926. Features: 0 bathroom. It has been listed on Rocket Homes since February 10, 2025 and is currently priced at $1,690,000.

While more than 31 listings in Miami, FL in January 2025 were sold above asking price, there were more than 74 listings sold at asking price, and more than 425 were sold below. In January 2025 in Miami, FL there were 14.8% more homes for sale than in December. In January 2025 median list price was $574,895 and the average listing age was 76 days.

From Rocket Homes Real Estate and based on county public records data.

More resources