Quadplex Investment
2865 Northwest 22nd Avenue Miami, FL 33142
For Sale
$929,000
Four-unit multifamily property for sale near Little Havana and major highways in Miami.
Property Size2,511 SF
Price / SF$369.97
Days on Market1158
Property Features for 2865 Northwest 22nd Avenue
General Information
- Standard status
- Active
- Size
- 2,511 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1960
Listing Agency:
Pinnacle Realty of Florida
(786) 631-5815
Listed By:
Roberto Claro · License #3570526
(786) 631-5815
Source:
Compass
Added: May 24, 2023
Changed: Jul 22
Last Checked: Jul 23 at 8:57AM
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 Pinnacle Realty of Florida
Investment Insights
Based on property information with market context.
This quadplex at 2865 Northwest 22nd Avenue offers four residential units under one ownership structure, positioned for income-focused buyers. The property is presented for sale as a multifamily investment.
The location is described as being close to the Little Havana entertainment district and near major highways, supporting convenient area access. The property is also noted as being next to 2855 NW 22 Ave, which is listed for sale as well.
Buyers considering this opportunity will want to review the specific unit mix and any available financial or operating information as part of their due diligence.
The location is described as being close to the Little Havana entertainment district and near major highways, supporting convenient area access. The property is also noted as being next to 2855 NW 22 Ave, which is listed for sale as well.
Buyers considering this opportunity will want to review the specific unit mix and any available financial or operating information as part of their due diligence.
Key Highlights
- Four‑unit multifamily property for sale in Miami
- Year built: 1960
- Located near the Little Havana entertainment district
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 | $76.8k | $30.60 |
| − Vacancy | −$4.9k | −$1.95 |
| EGI | $71.9k | $28.65 |
| − OpEx | −$21.6k | −$8.60 |
| NOI | $50.4k | $20.06 |
2,511 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$719.4K
$629.5K – $839.3K
NOI $50,359 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$662.7K
$579.8K – $773.1K
NOI $46,387 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.98M
NOI $118,646 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property for sale near Little Havana and major highways in Miami.
Where is this quadplex located?
The property is located at 2865 Northwest 22nd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Four‑unit multifamily property for sale in Miami; Year built: 1960; Located near the Little Havana entertainment district
