Renovated 4-Unit
New
For Sale
$1,450,000
112 SW 11th Avenue, Miami, FL 33130
Four leased apartments offer a current multifamily income stream, with dedicated parking for each residence.
Property Size3,320 SF
Lot Size0.11 Acres
Price / SF$436.75
Days on Market2
Property Features for 112 SW 11th Avenue
General Information
Standard status
Active
Size
3,320 SF
Total Parking Spaces
4
Lot size
0.11 Acres
Property subtype
Multi-family
Zoning
T6-12-O
Occupancy
100%
Lease Term
[]
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Parking per Unit
1
Building Details
Year Built
1971
Buildings
1
Stories
2
Listing Agency:
One Sotheby's International Realty
Listed By:
Lisa Snider
(516) 413-4810
Source:
Onesothebysrealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This two-story quadplex contains four renovated apartments, each configured with two bedrooms and one bathroom. The building encompasses 3,320 square feet on a 5,000-square-foot lot and was built in 1971. Improvements completed with permits include a replacement roof, new kitchens, updated plumbing and electrical systems, and impact-resistant windows and doors.
All four units are occupied under annual leases, and the property includes four parking spaces. The site is at 112 SW 11th Avenue in Miami’s East Little Havana neighborhood, near Brickell, Downtown Miami, Calle Ocho, restaurants, shopping, employment centers, and transportation routes. Zoning is T6-12-O under Miami 21; any future use or redevelopment would be subject to verification and City approvals.
All four units are occupied under annual leases, and the property includes four parking spaces. The site is at 112 SW 11th Avenue in Miami’s East Little Havana neighborhood, near Brickell, Downtown Miami, Calle Ocho, restaurants, shopping, employment centers, and transportation routes. Zoning is T6-12-O under Miami 21; any future use or redevelopment would be subject to verification and City approvals.
Key Highlights
- Four 2‑bedroom, 1‑bathroom apartments; all are occupied with annual leases
- 3,320 square feet on a 5,000‑square‑foot lot
- Four parking spaces, one per apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,584
Cap Rate
4.59%
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 4.59%
Second Best
Apartment 5plus
$876.2K
$766.7K – $1.02M
NOI $61,332 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,871 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,038
Businesses Nearby
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Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four leased apartments offer a current multifamily income stream, with dedicated parking for each residence.
Where is this quadplex located?
The property is located at 112 SW 11th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bathroom apartments; all are occupied with annual leases; 3,320 square feet on a 5,000‑square‑foot lot; Four parking spaces, one per apartment
