4-Unit Residential
11351 NW 11th Ave, Miami, FL 33168
For Sale
$655,000
Residential Income, Miami, FL
Property Size2,244 SF
Price / SF$291.89
Days on Market50
Property Features for 11351 NW 11th Ave
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Lot features
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Premier Realty & Invest. Group
(305) 756-4450
Listed By:
Ronald Henry · License FL #0662397
(305) 300-9653
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 10 at 8:06PM
MLS# A12093378
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,244-square-foot quadplex was built in 1953 and has a concrete-block structure. The property includes six bedrooms and four bathrooms, with ceramic tile flooring and a shingle roof. Cooling is provided by window or wall units and ceiling fans; heating is electric via wall furnaces.
The building occupies a corner location in Miami. Public water and sewer serve the property, and cable is available. Tenancies are month to month. Drive-by viewing only; interior access is subject to an accepted offer or seller approval.
The building occupies a corner location in Miami. Public water and sewer serve the property, and cable is available. Tenancies are month to month. Drive-by viewing only; interior access is subject to an accepted offer or seller approval.
Key Highlights
- Quadplex totaling 2,244 square feet
- Six bedrooms and four bathrooms
- Concrete‑block construction; built in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,005
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,100
$900.1K
Cap Rate 7%
$642,929
$642.9K
Cap Rate 9%
$500,056
$500.1K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$68.7K $30.60/SF
− Vacancy
−$4.4K −$1.95/SF
EGI
$64.3K $28.65/SF
− OpEx
−$19.3K −$8.60/SF
NOI
$45.0K $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%
$900,100
Cap Rate 7%
$642,929
Cap Rate 9%
$500,056
Alternative Uses
Best Use
Multifamily LT 5
$642.9K
$562.6K – $750.1K
NOI $45,005 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$592.2K
$518.2K – $690.9K
NOI $41,454 @ 7.0% cap · market cap 6.33%
Theoretical Best
Specialty Retail
$1.51M
$1.33M – $1.77M
NOI $106,030 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Miami, FL
Properties on Market for Quadplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Month-to-month tenancies provide flexibility around future occupancy decisions.
Where is this quadplex located?
The property is located at 11351 NW 11th Ave Miami, FL.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Quadplex totaling 2,244 square feet; Six bedrooms and four bathrooms; Concrete‑block construction; built in 1953
