Four-Unit Quadplex with
For Sale
$1,399,000
3524 NW 4th Ter, Miami, FL 33125
Residential Income, Miami, FL
Property Size4,350 SF
Price / SF$321.61
Days on Market204
Property Features for 3524 NW 4th Ter
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
8
Full bathrooms
6
Half bathrooms
2
Rooms
Bedroom 8, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 1, Bathroom 6, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 7, Bedroom 6, Bathroom 8, Bedroom 1, Bedroom 3, Bedroom 5
Parking
6
Security features
Security
Exterior features
Balcony, Security/High Impact Doors
Subdivision
TWELFTH ST MANORS
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-04-023-1800
Size
4,350 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
TWELFTH STREET MANORS PB 5-59 E6FT OF S27FT OF LOT 4 & ALL LOT 5 LESS N5FT OF LOT 5 FOR R/W BLK 24 LOT SIZE 5162 SQ FT OR 18267-3665 0898 3
Tax Annual Amount
12319
Legal Description
TWELFTH STREET MANORS PB 5-59 E6FT OF S27FT OF LOT 4 & ALL LOT 5 LESS N5FT OF LOT 5 FOR R/W BLK 24 LOT SIZE 5162 SQ FT OR 18267-3665 0898 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
parking
in-unit laundry
yard area
Building Details
Year built
1988
Floors in Building
2
Flooring type
Hardwood, Wood, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
Xcellence Realty
(305) 305-9597
Listed By:
Monica Benitez · License #3180234
(866) 595-6025
Added: Mar 12
Changed: Sep 12
Last Checked: Oct 1 at 4:06PM
MLS# A11981519
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.
Built in 1988, this 4,350-square-foot quadplex contains four residential units within a block-construction building. The property includes two meters, parking, in-unit laundry, and yard area. Interior finishes include hardwood, wood, and ceramic tile flooring, while central electric heating and central air conditioning serve the building. A shingle roof and high-impact windows and doors are among the property improvements.
The units are occupied by long-term tenants under month-to-month arrangements. Public sewer service and cable availability are reported, and the property is located at 3524 NW 4th Ter in Miami, Florida, within Miami-Dade County.
The units are occupied by long-term tenants under month-to-month arrangements. Public sewer service and cable availability are reported, and the property is located at 3524 NW 4th Ter in Miami, Florida, within Miami-Dade County.
Key Highlights
- Four residential units in a 4,350‑square‑foot quadplex
- Built in 1988 with block construction
- New impact windows and doors; roof is 4 years old
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
$87,242
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
6.24%
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%
$1,744,840
$1.7M
Cap Rate 7%
$1,246,314
$1.2M
Cap Rate 9%
$969,356
$969.4K
Market Conditions
NOI Build-Up for 4,350 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
$133.1K $30.60/SF
− Vacancy
−$8.5K −$1.95/SF
EGI
$124.6K $28.65/SF
− OpEx
−$37.4K −$8.60/SF
NOI
$87.2K $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 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%
$1,744,840
Cap Rate 7%
$1,246,314
Cap Rate 9%
$969,356
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.45M
NOI $87,242 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,359 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$2.94M
$2.57M – $3.43M
NOI $205,539 @ 7.0% cap · market cap 14.69%
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
1,935
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 - Four residential units feature impact-resistant windows and doors, parking, in-unit laundry, and private yard space.
Where is this quadplex located?
The property is located at 3524 NW 4th Ter Miami, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four residential units in a 4,350‑square‑foot quadplex; Built in 1988 with block construction; New impact windows and doors; roof is 4 years old
