Quadplex with Impact
5204 North Miami Avenue Miami, FL 33127
5204 North Miami Avenue, Miami, FL, 33127
$1,600,000
For Sale
$1,600,000
Quadplex with North Miami Avenue frontage, a brand new roof, and impact windows and doors in a T4L zone.
Property Size2,943 SF
Price / SF$543.66
Days on Market458
Property Features for 5204 North Miami Avenue
General Information
- Standard status
- Active
- Size
- 2,943 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1964
Listing agency
Borque Group Realty, LLC.
(305) 699-3073
Listed by
Hilal Borque · License #3256299
(305) 699-3073
Source
Compass
Added: Apr 21, 2025 Updated: Jul 20 at 6:45PM Checked: Jul 21 at 6:34AM
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 Borque Group Realty, LLC.
Investment Insights
Based on property information with market context.
This quadplex for sale offers a multi-unit residential income configuration with a brand new roof and complete impact windows and doors. The property is presented for buyers seeking a steadier housing asset with key exterior protection already addressed.
Situated with North Miami Avenue frontage, the property is identified as being in a T4L zone. The listing highlights both the street-facing presence and the updated, impact-ready building envelope.
For additional due diligence and to confirm unit layouts and any specific site details, interested parties should request the available offering materials.
Situated with North Miami Avenue frontage, the property is identified as being in a T4L zone. The listing highlights both the street-facing presence and the updated, impact-ready building envelope.
For additional due diligence and to confirm unit layouts and any specific site details, interested parties should request the available offering materials.
Key Highlights
- Quadplex with North Miami Avenue frontage
- Brand new roof
- Complete impact windows and impact doors
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 | $90.1k | $30.60 |
| − Vacancy | −$5.7k | −$1.95 |
| EGI | $84.3k | $28.65 |
| − OpEx | −$25.3k | −$8.60 |
| NOI | $59.0k | $20.06 |
2,943 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$843.2K
$737.8K – $983.7K
NOI $59,023 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$776.7K
$679.6K – $906.1K
NOI $54,367 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,058 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Quadplex with North Miami Avenue frontage, a brand new roof, and impact windows and doors in a T4L zone.
Where is this quadplex located?
The property is located at 5204 North Miami Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Quadplex with North Miami Avenue frontage; Brand new roof; Complete impact windows and impact doors
