1828 SW 18th St
Miami, FL 33145 · single_family · For Sale · 2 days on market
Asking price$725,000
4 beds 3 baths 1,746 sqft
Listed by Nordis Forcade-Martin, Broker, REALTOR®, Probate Specialist, CRS, SRES, CPRES, CLHMS, SRS · Keller Williams Capital Realty
Typesingle_family
Built1938
Price / sqft$415
Est. value (own analysis)$958,432
Rent estimate (own analysis)$7,600/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-09-01
Removed date—
MLSMiamiMLS #A12080877
Coordinates25.75500, -80.22483
Address1828 SW 18th St
CityMiami
StateFL
Zip33145
Listing ID5192621182
Sourceus-real-estate-listings, cached 2026-09-02
Listing description
First time on the market in 53 years! Welcome to this charming 3-bedroom, 2-bathroom plus in-law quarters single-family home nestled in the highly sought-after Shenandoah neighborhood. With a 6 year old roof, this well-maintained home offers A blank canvas for you to turn into your dream home. The backyard offers a great space for a pool. Whether you are looking for your forever home or a solid investment in one of Miami's most desirable neighborhoods, this property delivers on all fronts. Within minutes to Coral Gables, Little Havana, Brickell, and beyond. Conveniently located near major highways, dining, shopping, top-rated schools, hospitals, and places of worship. This home is owner-occupied; please allow 24 hours notice for showings.
Property information
Rental Info
- Lease Considered: No
Homeowners Association
- Senior Community: No
Other Property Info
- Annual Tax Amount: 2532
- Source Listing Status: Active
- County: Miami-Dade
- Tax Year: 2025
- Restrictions: NoRestrictions
- Source Property Type: Residential
- Area: 41
- Source Neighborhood: DURNIERS SUB SEC 3
- Parcel Number: 01-41-10-032-0230
- Postal City: Miami
- Postal Code Plus 4: 1448
- Public Survey Range: 41
- Public Survey Section: 10
- Public Survey Township: 1
- Subdivision: DURNIERS SUB SEC 3
- Zoning Description: 0100
- Property Subtype: SingleFamilyResidence
Building and Construction
- Total Square Feet Living: 1746
- Year Built: 1938
- Building Area Total: 1820
- Construction Materials: Block
- Direction Faces: North
- Property Age: 88
- Roof: Shingle
- Levels or Stories: 1
- Year Built Details: Resale
- Architectural Style: Detached, OneStory
Property features
Interior Features
- BedroomOnMainLevel
- FirstFloorEntry
- Flooring: Hardwood, Wood
Appliances
- Dryer
- Washer
Heating and Cooling
- Cooling Features: WallWindowUnits
Exterior and Lot Features
- RoomForPool
Land Info
- Lot Description: LessThanQuarterAcre
- Lot Size Acres: 0.1251148
- Lot Size Square Feet: 5450
Garage and Parking
- Parking Features: Driveway
School Information
- Elementary School: Coral Way
- High School: Miami Senior
- Middle School: Shenandoah
Utilities
- Sewer: PublicSewer
- Water Source: Public
Annual property tax
| Year | Assessed value | Tax paid |
|---|---|---|
| 2025 | $154,182 | $2,618 |
| 2024 | $154,182 | $2,545 |
| 2023 | $136,238 | $2,320 |
| 2022 | $132,270 | $2,240 |
| 2021 | $128,418 | $2,221 |
| 2020 | $126,645 | $2,190 |
| 2019 | $123,798 | $2,134 |
| 2018 | $121,490 | $2,045 |
| 2017 | $118,992 | $2,016 |
| 2016 | $116,545 | $2,015 |
| 2015 | $115,735 | $2,031 |
| 2014 | $114,817 | $2,049 |
| 2013 | $113,121 | $2,009 |
| 2012 | $114,165 | $2,029 |
| 2011 | $121,992 | $2,217 |
| 2010 | $103,761 | $1,887 |
| 2009 | $101,034 | $1,738 |
| 2008 | $100,934 | $1,712 |
| 2007 | $97,995 | $1,942 |
Real multi-year tax history from US Real Estate Listings.
Listings history
Each provider's latest estimate
| Valuation provider | As of | Estimate |
|---|---|---|
| Collateral Analytics | 2026-08-13 | $938,000 |
| Cotality™ | 2026-08-10 | $796,000 |
| Quantarium | 2026-08-26 | $730,266 |
Independent automated valuation models, none of them Realtor.com's own. They disagree — that spread is why the chart draws a band rather than one line.
| Date | Event | Price |
|---|---|---|
| 2026-09-01 | Listed | $725,000 |
| 1973-07-01 | Sold | $38,000 |
Real listing/price/sale history from US Real Estate Listings.
Permits history
| project_name | permit_type_of_work | permit_project_type_1 | permit_project_type_2 | permit_project_type_3 | permit_effective_date | permit_status |
|---|---|---|---|---|---|---|
| — | Building roofing | Roofing | — | — | Aug 6, 2020 | Final |
ZIP market snapshot (33145)
Typical home value (ZHVI)$735,527
Typical rent (ZORI)$3,018/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $725,000 |
| Down payment (20.0%) | $145,000 |
| Loan amount | $580,000 |
| Closing costs (5.0%) | $36,250 |
| Total cash to close | $181,250 |
| Income | |
| Rent (comp-derived) | $7,600$91,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,992$83,904 |
| Operating expenses | |
| Property tax (real billed amount, county tax history) | $218$2,618 |
| Insurance (est. scaled by flood & wind risk) | $725$8,700 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $380$4,560 |
| Total operating expenses | $1,323$15,878 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $380$4,560 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 3 | 1,900 | $10,000 | 2026-08-14 | — | |
| single_family | 4 | 4 | 2,080 | $9,450 | 2026-08-12 | — | |
| single_family | 4 | 3 | 1,588 | $6,000 | 2026-06-09 | — | |
| single_family | 4 | 3 | 1,788 | $7,600 | 2026-05-24 | — | |
| single_family | 4 | 3 | 2,050 | $10,000 | 2026-05-21 | — | |
| single_family | 4 | 2 | 1,876 | $4,950 | 2026-08-04 | — | |
| single_family | 4 | 3 | 1,769 | $5,000 | 2026-04-24 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 2225 SW 18th Ave | single_family | 4 | 5 | 3,733 | $2,350,000 | 2026-08-24 |
| 1366 SW 15th St | single_family | 4 | 4 | 2,947 | $2,350,000 | 2026-08-13 |
| 2220 SW 16th Ter | single_family | 4 | 3 | 1,968 | $600,000 | 2026-07-30 |
| 2200 SW 23rd Ter | single_family | 4 | 2 | 1,554 | $750,000 | 2026-07-24 |
| 1910 SW 33rd Ave | single_family | 4 | 3 | 2,368 | $2,100,000 | 2026-07-20 |
| 2367 SW 23rd Ter | single_family | 4 | 2 | 1,588 | $750,000 | 2026-07-10 |
| 1441 SW 17th St | single_family | 4 | 2 | 1,398 | $800,000 | 2026-06-15 |
| 1780 SW 23rd St | single_family | 4 | 4 | 1,590 | $750,000 | 2026-06-12 |
| 1971 SW 33rd Ave | single_family | 4 | 3 | 2,331 | $1,550,000 | 2026-06-03 |
| 1710 SW 13th St | single_family | 4 | 3 | 1,334 | $650,000 | 2026-06-02 |
| 1738 SW 17th St | single_family | 4 | 2 | 1,938 | $700,000 | 2026-05-22 |
| 2990 SW 20th St | single_family | 4 | 5 | 2,828 | $2,270,000 | 2026-05-04 |
| 3641 SW 13th Ter | single_family | 4 | 1 | 1,350 | $783,000 | 2026-04-20 |
| 3121 SW 20th St | single_family | 4 | 3 | 2,191 | $1,025,000 | 2026-03-24 |
| 1970 SW 32nd Pl | single_family | 4 | 3 | 2,056 | $1,495,000 | 2026-03-23 |
| 1352 SW 16th St | single_family | 4 | 4 | 2,774 | $975,000 | 2026-03-12 |
| 2291 SW 17th St | single_family | 4 | 3 | 2,142 | $1,200,000 | 2026-03-05 |
| 1931 Coral Gate Dr | single_family | 4 | 3 | 2,061 | $725,000 | 2026-02-23 |
| 1338 SW 14th St | single_family | 4 | 3 | 2,043 | $883,000 | 2026-02-19 |
| 2498 SW 19th Ter | single_family | 4 | 2 | 2,098 | $1,125,000 | 2026-02-17 |
| 3050 SW 21st St | single_family | 4 | 2 | 1,423 | $1,100,000 | 2026-02-12 |
| 1941 SW 18th St | single_family | 4 | 2 | 1,766 | $845,000 | 2026-01-28 |
| 3600 SW 1st Ave | single_family | 4 | 2 | 1,317 | $875,000 | 2026-01-23 |
| 1906 SW 17th Ct | single_family | 4 | 2 | 1,541 | $620,000 | 2026-01-05 |
| 2747 SW 19th Ter | single_family | 4 | 3 | 1,397 | $889,500 | 2025-12-23 |
| 1244 SW 14th St | single_family | 4 | 3 | 2,020 | $1,450,000 | 2025-12-10 |
| 3201 SW 19th Ter | single_family | 4 | 3 | 2,511 | $1,350,000 | 2025-12-03 |
| 2735 SW 19th St | single_family | 4 | 3 | 1,924 | $1,120,000 | 2025-12-01 |
| 3075 SW 19th St | single_family | 4 | 3 | 2,086 | $1,025,000 | 2025-11-10 |
| 1530 SW 24th Ave | single_family | 4 | 2 | 1,867 | $805,000 | 2025-11-10 |
| 1375 SW 17th Ter | single_family | 4 | 5 | 3,395 | $2,280,000 | 2025-10-22 |
| 1884 SW 16th St | single_family | 4 | 3 | 1,839 | $980,000 | 2025-10-14 |
| 2727 SW 20th St | single_family | 4 | 2 | 1,756 | $922,000 | 2025-09-26 |
| 3291 SW 16th Ln | single_family | 4 | 3 | 2,909 | $1,775,000 | 2025-09-26 |
| 2280 SW 16th Ct | single_family | 4 | 3 | 1,664 | $960,000 | 2025-09-23 |
| 2450 SW 23rd Ave | single_family | 4 | 3 | 2,836 | $1,900,000 | 2025-09-19 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1501 SW 21st St | townhomes | 4 | 4 | 2,571 | $1,829,000 | — |
| 2745 SW 23rd Ter | townhomes | 4 | 5 | 2,909 | $1,645,000 | — |
| 1835 SW 18th St | single_family | 4 | 3 | 2,191 | $960,000 | — |
| 2364 SW 14th St | multi_family | 4 | 2 | 1,366 | $729,000 | — |
| 3575 SW 23rd St Unit 3575 | townhomes | 4 | 4 | 2,654 | $1,770,000 | — |
| 2222 SW 14th St Unit Right | townhomes | 4 | 4 | 2,736 | $1,779,000 | — |
| 2290 SW 13th St | condo_townhome_rowhome_coop | 4 | 5 | 3,544 | $2,750,000 | — |
| 2220 SW 14th St | townhomes | 4 | 4 | 2,969 | $1,749,000 | — |
10-year hold projection
IRR19.3%
Equity multiple3.91x
Total return (10yr)$621,303
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $746,750 | $68,026 | $18,739 | $573,711 | $173,039 |
| 2 | $769,153 | $70,146 | $20,745 | $566,991 | $202,161 |
| 3 | $792,227 | $72,332 | $22,814 | $559,809 | $232,418 |
| 4 | $815,994 | $74,585 | $24,948 | $552,134 | $263,860 |
| 5 | $840,474 | $76,908 | $27,148 | $543,932 | $296,542 |
| 6 | $865,688 | $79,303 | $29,417 | $535,167 | $330,521 |
| 7 | $891,659 | $81,772 | $31,757 | $525,799 | $365,859 |
| 8 | $918,408 | $84,317 | $34,170 | $515,789 | $402,619 |
| 9 | $945,961 | $86,941 | $36,658 | $505,091 | $440,870 |
| 10 | $974,339 | $89,646 | $39,225 | $493,658 | $480,681 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.