Renovated 4-Unit Residential
1430 Northwest 2nd Avenue Florida City, FL 33034
For Sale
Contact for pricing
Four renovated 2-bedroom units feature impact windows and central air, built in 1956.
Property Size3,094 SF
Lot Size0.14 Acres
Price / SF$353.91
Days on Market79
Property Features for 1430 Northwest 2nd Avenue
General Information
- Standard status
- Active
- Size
- 3,094 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing Agency:
MSP Group
(786) 671-0149
Listed By:
Deme Mekras · License #0704134
Source:
Crexi
Added: May 6
Changed: Jul 23
Last Checked: Jul 23 at 5:51AM
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 MSP Group
Investment Insights
Based on property information with market context.
This four-unit residential income property consists of 2-bedroom, 1.5-bath units, with each home laid out at approximately 774 square feet. The building was constructed in 1956 and was completely renovated in 2025. Unit interiors include renovated floors, kitchens, and bathroom vanities, along with impact windows and central air conditioning.
The property is located in Florida City, conveniently positioned near US-1 and the Florida Turnpike. Nearby points of interest within about one mile include Washington and Blakey Parks, West Homestead Elementary School, and the Florida Department of Health – Florida City Clinic.
The property totals approximately 3,094 rentable square feet across the four units. It is less than two miles from Downtown Homestead, where new investment is underway, including the opening of the Homestead Station development.
The property is located in Florida City, conveniently positioned near US-1 and the Florida Turnpike. Nearby points of interest within about one mile include Washington and Blakey Parks, West Homestead Elementary School, and the Florida Department of Health – Florida City Clinic.
The property totals approximately 3,094 rentable square feet across the four units. It is less than two miles from Downtown Homestead, where new investment is underway, including the opening of the Homestead Station development.
Key Highlights
- 4‑unit multifamily property built in 1956 on 0.14 acres with approx. 3,094 rentable SF
- All units are 2‑bedroom/1.5‑bath units with approx. 774 SF each
- Completely renovated in 2025 with renovated floors, kitchens, and bathroom vanities
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 | $78.0k | $25.20 |
| − Vacancy | −$4.3k | −$1.39 |
| EGI | $73.7k | $23.81 |
| − OpEx | −$22.1k | −$7.14 |
| NOI | $51.6k | $16.67 |
3,094 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$736.8K
$644.7K – $859.6K
NOI $51,576 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$679.8K
$594.8K – $793.1K
NOI $47,584 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,880 @ 7.0% cap · market cap 10.03%
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 renovated 2-bedroom units feature impact windows and central air, built in 1956.
Where is this quadplex located?
The property is located at 1430 Northwest 2nd Avenue Florida City, FL.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 4‑unit multifamily property built in 1956 on 0.14 acres with approx. 3,094 rentable SF; All units are 2‑bedroom/1.5‑bath units with approx. 774 SF each; Completely renovated in 2025 with renovated floors, kitchens, and bathroom vanities
