4-Unit
New
For Sale
$984,900
1430 NE 171st St, North Miami Beach, FL 33162
Residential Income, North Miami Beach, FL
Property Size4,064 SF
Price / SF$242.35
Days on Market3
Property Features for 1430 NE 171st St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3800
Bedrooms
8
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 7
Parking
4
Subdivision
FULFORD BY SEA SEC O
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
07-22-08-006-0650
Size
4,064 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
8 52 42 FULFORD BY SEA SEC O PB 10-27 LOT 4 BLK 133 LOT SIZE 5300 SQUARE FEET OR 20015-1070 10 2001 1 COC 22348-3418 05 2004 1
Tax Annual Amount
12456
Legal Description
8 52 42 FULFORD BY SEA SEC O PB 10-27 LOT 4 BLK 133 LOT SIZE 5300 SQUARE FEET OR 20015-1070 10 2001 1 COC 22348-3418 05 2004 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1959
Floors in Building
2
Flooring type
Tile
Building materials
CBS (Concrete Block Structure), Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Continental Realty, LLC
(786) 558-1099
Listed By:
Luis Guzman · License #3113346
(786) 558-0888
Added: Oct 17
Last Checked: Oct 18 at 11:06PM
MLS# A12108429
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.
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Investment Insights
Based on property information with market context.
This four-unit property contains 4,064 square feet and was built in 1959. Construction is concrete block, with tile flooring, central electric heating and central air conditioning. The building has a shingle roof and connects to public sewer.
Two units are vacant, and two are occupied by month-to-month tenants. A new roof was installed in 2024. The seller is upgrading the windows to impact-resistant glass and replacing the electrical house panel.
Two units are vacant, and two are occupied by month-to-month tenants. A new roof was installed in 2024. The seller is upgrading the windows to impact-resistant glass and replacing the electrical house panel.
Key Highlights
- Four units totaling 4,064 square feet
- Two vacant units and two 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,536
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
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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 apartments are vacant, while the other two have 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 units totaling 4,064 square feet; Two vacant units and two occupied by month‑to‑month tenants; New roof installed in 2024
