Income-Producing Fourplex with Updated
For Sale
$1,175,000
10015 SW 170th Ter, Miami, FL 33157
Centrally located fourplex with new A/C units and updated electric.
Property Size2,664 SF
Price / SF$441.07
Days on Market298
Property Features for 10015 SW 170th Ter
General Information
Standard status
Active
Size
2,664 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$8,906
Building Details
Building Size
2,664 SF
Year Built
1957
Listing Agency:
Charleemax Realtors
(305) 216-3433
Listed By:
Aliette Perez · License #3352147
Source:
Miamibrokersgroup
Added: Nov 5, 2025
Changed: Aug 23
Last Checked: Aug 29 at 2:51PM
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 Charleemax Realtors
Investment Insights
Based on property information with market context.
This income-producing fourplex is centrally located. The property features four units, each with 2 bedrooms, 1 bathroom, and a spacious kitchen. All units are equipped with new 2025 A/C units and updated electrical systems. The property is conveniently located near shopping, dining, and major highways. The property size is 2664 square feet.
Key Highlights
- Income‑producing fourplex: Provides immediate rental income.
- Centrally located: Offers convenient access to shopping, dining, and major highways.
- Spacious units: Each unit features 2 bedrooms, 1 bathroom, and a spacious kitchen.
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
$56,217
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
4.78%
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%
$1,124,340
$1.1M
Cap Rate 7%
$803,100
$803.1K
Cap Rate 9%
$624,633
$624.6K
Market Conditions
NOI Build-Up for 2,664 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
$84.7K $31.80/SF
− Vacancy
−$4.4K −$1.65/SF
EGI
$80.3K $30.15/SF
− OpEx
−$24.1K −$9.04/SF
NOI
$56.2K $21.10/SF
Area
ZIP 33157
Vacancy
5.20%
Lease Rate
$31.80 /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%
$1,124,340
Cap Rate 7%
$803,100
Cap Rate 9%
$624,633
Alternative Uses
Best Use
Multifamily LT 5
$803.1K
$702.7K – $937.0K
NOI $56,217 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$701.5K
$613.9K – $818.5K
NOI $49,108 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,609 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Centrally located fourplex with new A/C units and updated electric.
Where is this quadplex located?
The property is located at 10015 SW 170th Ter Miami, FL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Income‑producing fourplex: Provides immediate rental income.; Centrally located: Offers convenient access to shopping, dining, and major highways.; Spacious units: Each unit features 2 bedrooms, 1 bathroom, and a spacious kitchen.
