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    Miami Fourplex Investment Opportunity Title is generated by Realmo AI

    2865 NW 22nd Ave, Miami, FL 33142

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    Claim this Listing
    For Sale
    $875,700

    Fourplex, Quadruplex - Miami, FL

    Type:Quadruplex
    Property size:
    2,511 SF
    Price / SF:
    $348/SF
    Added:
    Mar 18, 2026
    Days on Market:
    75
    Last Refresh:
    May 31 at 1:06 am

    Property Features for 2865 NW 22nd Ave

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Zoning
    6101
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    5
    Standard status
    Active
    APN
    01-31-27-031-0010
    Size
    2,511 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10136

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Other (Cooling)

    Building Details

    Year built
    1960
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Roberto Claro

    Listing agent Roberto Claro License #3570526

    Listing office Pinnacle Realty of Florida 7200 NW 19 ST., DORAL, FL

    Listing date Mar 18, 2026

    MLS# A11392942 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.

    HighLights

    • Located in Miami, close to the desirable Little Havana entertainment district.
    • Great investment opportunity.
    • Located close to major highways.
    • Opportunity to receive up to $20,000 toward closing costs with a full‑price offer (using seller's preferred loan officer).
    • Property next to 2855 NW 22 AVE, MIAMI, FL 33142 also for sale.
    • Constructed of Block with a Shingle Roof.

    Overview

    This fourplex is located in Miami, Florida, near the Little Havana entertainment district and major highways. The property offers an investment opportunity. The building has a property size of 2511 square feet. Another property located next to this one at 2855 NW 22 AVE, MIAMI, FL 33142 is also for sale.

    Local Financial Insights For Multifamily LT 5

    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 $76.8k $30.60
    − Vacancy −$4.9k −$1.95
    EGI $71.9k $28.65
    − OpEx −$21.6k −$8.60
    NOI $50.4k $20.06
    2,511 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $719.4K
    $629.5K – $839.3K (±1% cap)
    NOI $50,359 @ 7.0% cap · market cap 5.75%
    Second Best
    Apartment 5plus
    $662.7K
    $579.8K – $773.1K (±1% cap)
    NOI $46,387 @ 7.0% cap · market cap 5.30%
    Theoretical Best
    Specialty Retail
    $1.69M
    $1.48M – $1.98M (±1% cap)
    NOI $118,646 @ 7.0% cap · market cap 13.55%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.231728
    Latitude
    25.802505

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    FAQs

    What type of property is this?
    Quadplex - Fourplex near Little Havana and major highways in Miami.
    Where is this quadplex located?
    The property is located at 2865 NW 22nd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $875,700.
    What are key features of this property?
    This property features: Located in Miami, close to the desirable Little Havana entertainment district.; Great investment opportunity.; Located close to major highways.
    (786) 298-8214
    We can help!
    Listing Contact
    Roberto Claro
    Real Estate License ID: 3570526
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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