Solar-Powered
For Sale
$1,550,000
1459 NW 2nd St, Miami, FL 33125
Residential Income, Miami, FL
Property Size3,320 SF
Price / SF$466.87
Days on Market34
Property Features for 1459 NW 2nd St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
6107
Bedrooms
12
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 8, Bedroom 3, Bedroom 10, Bedroom 11, Bedroom 12, Bedroom 1, Bedroom 6, Bedroom 9, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 5, Bathroom 2
Parking
5
Subdivision
LAWRENCE ESTATE LAND CO
Lot features
< 1/4 Acre
Directions
Google
Standard status
Active
APN
01-41-02-005-8080
Size
3,320 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 13 LESS S10FT BLK 53 LOT SIZE 7000 SQUARE FEET OR 19090-2003 02 2000 4 COC 25541-1412 04 20
Tax Annual Amount
20062
Legal Description
2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 13 LESS S10FT BLK 53 LOT SIZE 7000 SQUARE FEET OR 19090-2003 02 2000 4 COC 25541-1412 04 20
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
impact-rated doors & windows
key-card & code entry
washer and dryer inside unit
newer kitchen
Wifi internet included
rooftop solar panels
individual water and power meters
Building Details
Year built
1984
Floors in Building
2
Flooring type
Vinyl, Tile
Building materials
Block
Roof type
Concrete
Architectural style
Other
Listing Agency:
Carlton International
(305) 735-1221
Listed By:
Bruno Piotrowski · License #3215399
(305) 771-9428
Added: Sep 3
Changed: Sep 25
Last Checked: Oct 6 at 8:06PM
MLS# A12082920
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,320-square-foot fourplex was built in 1984 and recently renovated. The building has block construction, a concrete roof, impact-rated doors and windows, central heating and air conditioning, and vinyl and tile flooring. Features include key-card and code entry, in-unit washer and dryer, newer kitchen cabinets and flooring, included Wi-Fi, interior parking, and separate water and power meters. Rooftop solar panels supply 60% of the electricity used by the building.
The property is one block from Marlin Park Stadium. It currently operates as a co-living short-term rental, with a stated 10.5% cap rate. Miami-21 T-5L zoning is identified as allowing a 16-unit project.
The property is one block from Marlin Park Stadium. It currently operates as a co-living short-term rental, with a stated 10.5% cap rate. Miami-21 T-5L zoning is identified as allowing a 16-unit project.
Key Highlights
- Miami‑21 T‑5L zoning allows a 16‑unit project
- Stated 10.5% cap rate
- 3,320‑square‑foot fourplex built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,584
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,331,680
$1.3M
Cap Rate 7%
$951,200
$951.2K
Cap Rate 9%
$739,822
$739.8K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$101.6K $30.60/SF
− Vacancy
−$6.5K −$1.95/SF
EGI
$95.1K $28.65/SF
− OpEx
−$28.5K −$8.60/SF
NOI
$66.6K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,331,680
Cap Rate 7%
$951,200
Cap Rate 9%
$739,822
Alternative Uses
Best Use
Multifamily LT 5
$951.2K
$832.3K – $1.11M
NOI $66,584 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$876.2K
$766.7K – $1.02M
NOI $61,332 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,871 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,802
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated multifamily property with key-card and code entry, individual utility meters, and rooftop solar generation.
Where is this quadplex located?
The property is located at 1459 NW 2nd St Miami, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Miami‑21 T‑5L zoning allows a 16‑unit project; Stated 10.5% cap rate; 3,320‑square‑foot fourplex built in 1984
