Tenant-Occupied Quadplex with New
For Sale
$944,000
1570 NE 130th St, North Miami, FL 33161
Residential Income, North Miami, FL
Property Size2,857 SF
Price / SF$330.42
Days on Market42
Property Features for 1570 NE 130th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3800
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3
Parking
4
Exterior features
Lighting
Subdivision
MEYERSON MANOR
Lot features
< 1/4 Acre
Standard status
Active
APN
06-22-29-058-0010
Size
2,857 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
MEYERSON MANOR PB 60-52 LOT 1 BLK 1 LOT SIZE 75.000 X 100 OR 17595-4458 0491 4
Tax Annual Amount
10202
Legal Description
MEYERSON MANOR PB 60-52 LOT 1 BLK 1 LOT SIZE 75.000 X 100 OR 17595-4458 0491 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Amenities
split A/C units
hurricane shutters
Building Details
Year built
1957
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Marsha Edwards · License #3238169
(954) 806-0777
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 2:06AM
MLS# A12055900
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 2,857-square-foot residential income property includes four one-bedroom, one-bath apartments and a studio. The building dates to 1957 and is constructed with block materials, ceramic tile flooring, shingle roofing, and wall or window-mounted cooling systems. Separate electric meters serve the apartments, while the property uses one water meter and public sewer service.
Situated on a residential corner lot in North Miami, the property is near transportation, schools, restaurants, shopping, nightlife, and the beach. On-site parking, exterior lighting, hurricane shutters, and a 40-year certification completed in 2019 add to the existing improvements. The property is tenant occupied, and the roof is brand new.
Situated on a residential corner lot in North Miami, the property is near transportation, schools, restaurants, shopping, nightlife, and the beach. On-site parking, exterior lighting, hurricane shutters, and a 40-year certification completed in 2019 add to the existing improvements. The property is tenant occupied, and the roof is brand new.
Key Highlights
- 2,857 SF residential income property on a corner lot
- Four 1 bedroom/1 bathroom apartments plus one studio
- Separate electric meters and 1 water meter
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,626
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$952,520
$952.5K
Cap Rate 7%
$680,371
$680.4K
Cap Rate 9%
$529,178
$529.2K
Market Conditions
NOI Build-Up for 2,857 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.0K $25.20/SF
− Vacancy
−$4.0K −$1.39/SF
EGI
$68.0K $23.81/SF
− OpEx
−$20.4K −$7.14/SF
NOI
$47.6K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$952,520
Cap Rate 7%
$680,371
Cap Rate 9%
$529,178
Alternative Uses
Best Use
Multifamily LT 5
$680.4K
$595.3K – $793.8K
NOI $47,626 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$627.7K
$549.2K – $732.3K
NOI $43,939 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,463 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,932
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with multiple apartments, a studio, separate electric meters, and on-site parking.
Where is this quadplex located?
The property is located at 1570 NE 130th St North Miami, FL.
What is the asking price?
The asking price for this property is $944,000.
What are key features of this property?
This property features: 2,857 SF residential income property on a corner lot; Four 1 bedroom/1 bathroom apartments plus one studio; Separate electric meters and 1 water meter
