1620 NW 18th Street, Miami, FL 33125

$5,750,000 · $386 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $5,750,000
  • Price per sq ft: $386
  • Building size: 14,879 sq ft
  • Lot size: 6,970 sq ft
  • Zoning: 4601
  • Year built: 2025
  • Units: 4
  • Buildings: 1
  • Parcel ID: 0131350052340
  • MLS#: A12092840
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About this property

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 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 such as new white shaker cabinetry, quartz countertops, stainless steel appliance packages, wood-style vinyl plank flooring, full bathtubs, and spacious walk-in closets in select units. In the corner units, floor-to-ceiling glass sliding doors open to private balconies, filling the space with natural light and giving the building a clean, contemporary presence. Select units are served by central air conditioning, with the balance served by efficient mini-split systems. The property is individually metered for electric and 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.

Building Features and Utilities

Rent Roll

Unit typeUnitsBeds / bathsSizeRent per unitPro forma
Efficiency5——$129/mo—
Efficiency5——$129/mo—
1 Bedroom41 / ——$134/mo—
1 Bedroom41 / ——$134/mo—
1 Bedroom51 / ——$149/mo—
1 Bedroom51 / ——$149/mo—
2 Bedroom62 / ——$173/mo—

34 units. Reported rent $58,680 a year ($4,890 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Property taxes$11,433/yr

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 1620 NW 18th Street

  • Included: Building, Land

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

MSP Group, LLC · deme@mspgroup.com · Listing agent: Demosthenes George Mekras

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1620 NW 18th Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 1620 NW 18th Street

How much is 1620 NW 18th Street?
1620 NW 18th Street is listed at $5,750,000, about $386 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 1620 NW 18th Street zoned?
The listing reports zoning of 4601. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 1620 NW 18th Street?
The listing reports 14,879 square feet of building.
When was 1620 NW 18th Street built?
1620 NW 18th Street was built in 2025. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 1620 NW 18th Street?
The listing reports annual property taxes of $11,433 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 1620 NW 18th Street?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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