4-Unit
New
For Sale
$984,900
1430 NE 171st St, North Miami Beach, FL 33162
Two residences are vacant, and the other two are occupied by month-to-month tenants.
Property Size4,064 SF
Days on Market6
Property Features for 1430 NE 171st St
General Information
Standard status
Active
Size
4,064 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,456
Building Details
Building Size
4,064 SF
Year Built
1959
Listing Agency:
Continental Realty, LLC
Listed By:
Luis Guzman · License #3113346
(786) 499-6994
Source:
Vanessafrankmiami
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 9:01AM
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 Continental Realty, LLC
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Investment Insights
Based on property information with market context.
This 4,064-square-foot quadplex in North Miami Beach contains four units. Two are vacant, while the remaining units have month-to-month tenants. Built in 1959, the property has a new roof installed in 2024; impact-resistant window replacements and an electrical house panel upgrade are also underway. The property is zoned 3800.
Key Highlights
- Four‑unit property totaling 4,064 square feet
- Two vacant units; two units occupied by month‑to‑month tenants
- New roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,746
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,920
$1.4M
Cap Rate 7%
$967,800
$967.8K
Cap Rate 9%
$752,733
$752.7K
Market Conditions
NOI Build-Up for 4,064 SF
Gross rent
$102.4K $25.20/SF
− Vacancy
−$5.6K −$1.39/SF
EGI
$96.8K $23.81/SF
− OpEx
−$29.0K −$7.14/SF
NOI
$67.7K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,920
Cap Rate 7%
$967,800
Cap Rate 9%
$752,733
Alternative Uses
Best Use
Multifamily LT 5
$967.8K
$846.8K – $1.13M
NOI $67,746 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$892.9K
$781.3K – $1.04M
NOI $62,502 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,329 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two residences are vacant, and the other two are occupied by month-to-month tenants.
Where is this quadplex located?
The property is located at 1430 NE 171st St North Miami Beach, FL.
What is the asking price?
The asking price for this property is $984,900.
What are key features of this property?
This property features: Four‑unit property totaling 4,064 square feet; Two vacant units; two units occupied by month‑to‑month tenants; New roof installed in 2024
