5-Unit Multifamily Investment
2110 NW 24th St Miami, FL 33142
MULTI_FAMILY - Other - Miami, FL
Property size:
2,508 SFPrice / SF:
$356/SF- Added:
- Apr 23, 2026
- Days on Market:
- 79
- Last Refresh:
- Jul 10 at 4:06 pm
Property Features for 2110 NW 24th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 1
- Rooms
- Bedroom 1, Bathroom 1
- Parking
- 5
- Standard status
- Active
- APN
- 01-31-27-029-0040
- Size
- 2,508 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 27 53 41 PB 42-5 ALLAPATTAH HIGHLANDS ADD 2ND REV LOT 15 BLK 2 LOT SIZE 7148 SQUARE FEET OR 15050-3783 0591 2
- Tax Annual Amount
- 12113
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Concrete
- Architectural style
- Other
Listing agent Antonio Cristobal License #3253230 (786) 457-3211
Listing office Real Estate Sales Force 814 Ponce De Leon Blvd Suite 503, Coral Gables, FL (305) 392-1497
Listing date Apr 23, 2026
MLS# A12006473
Listing URL
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 for-sale multifamily property consists of five units, with all residences configured as one bedroom and one bathroom. The building is reported to be 100% occupied. The property has also recently completed its 40-year recertification, which may reduce immediate capex needs for a new owner.
Located in Miami-Dade County, the asset is described as centrally located with access to major highways, public transportation, and employment centers, supporting convenient day-to-day access for residents.
The property’s unit mix may appeal to buyers seeking a small, efficiently managed residential income asset with consistent occupancy. For buyers looking for broader scale, this 5-unit offering is also available as part of a 10-unit portfolio that includes 2100 and 2110 NW 24 ST, either as an individual purchase or together.
Located in Miami-Dade County, the asset is described as centrally located with access to major highways, public transportation, and employment centers, supporting convenient day-to-day access for residents.
The property’s unit mix may appeal to buyers seeking a small, efficiently managed residential income asset with consistent occupancy. For buyers looking for broader scale, this 5-unit offering is also available as part of a 10-unit portfolio that includes 2100 and 2110 NW 24 ST, either as an individual purchase or together.
Key Highlights
- 5‑unit multifamily property in Miami with all units configured as 1 bed / 1 bath
- 100% occupied property with existing rental income
- Recently completed 40‑year recertification, reducing immediate capital expenditures for a new owner
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.3k | $36.00 |
| − Vacancy | −$6.0k | −$2.41 |
| EGI | $84.2k | $33.59 |
| − OpEx | −$37.9k | −$15.11 |
| NOI | $46.3k | $18.47 |
2,508 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$661.9K
$579.1K – $772.2K
NOI $46,331 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.98M
NOI $118,504 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 5 one-bedroom units are currently occupied, with recent 40-year recertification completed for the next owner.
Where is this apartment building located?
The property is located at 2110 NW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5‑unit multifamily property in Miami with all units configured as 1 bed / 1 bath; 100% occupied property with existing rental income; Recently completed 40‑year recertification, reducing immediate capital expenditures for a new owner
