8-Unit Apartment
14355 NE 6th Ave, North Miami, FL 33161
For Sale
$1,400,000
Impact-rated windows and individually metered electric service support a straightforward multifamily configuration.
Property Size3,850 SF
Lot Size0.27 Acres
Days on Market16
Property Features for 14355 NE 6th Ave
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Cap Rate
Amenities
Separately Metered Electricity Reducing Owner-Paid Utility Expenses
Concrete Block Construction With Hurricane Impact Windows
Minutes From Downtown North Miami, Barry University, And FIU's Biscayne Bay Campus
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
Fort Lauderdale Office
Listed By:
Cory Sanchez · License #License(s): FL: SL3605832
(954) 245-3445
Source:
Marcusmillichap
Added: Oct 23
Changed: Nov 6
Last Checked: Nov 6 at 3:32PM
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 Fort Lauderdale Office
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Investment Insights
Based on property information with market context.
This 8-unit apartment property contains 3,850 rentable square feet on a 0.27-acre parcel. Completed in 1955, the building has concrete block construction, hurricane impact windows, a pitched composite shingle roof, and separate electric meters for each unit. The individual meters allow residents to maintain their own electric accounts.
At 14355 NE 6th Avenue in North Miami, the property is near Biscayne Boulevard, NE 125th Street, and Interstate 95. Nearby destinations include Downtown North Miami, Barry University, Florida International University’s Biscayne Bay Campus, Aventura, Jackson North Medical Center, shopping centers, restaurants, and area employment corridors. The beaches are also within the stated surrounding context.
At 14355 NE 6th Avenue in North Miami, the property is near Biscayne Boulevard, NE 125th Street, and Interstate 95. Nearby destinations include Downtown North Miami, Barry University, Florida International University’s Biscayne Bay Campus, Aventura, Jackson North Medical Center, shopping centers, restaurants, and area employment corridors. The beaches are also within the stated surrounding context.
Key Highlights
- 8 apartments with 3,850 rentable square feet
- Built in 1955 on an 11,949‑square‑foot (0.27‑acre) lot
- Concrete block construction, hurricane impact windows, and pitched composite shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,210
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,200
$1.2M
Cap Rate 7%
$845,857
$845.9K
Cap Rate 9%
$657,889
$657.9K
Market Conditions
NOI Build-Up for 3,850 SF
Gross rent
$112.7K $29.28/SF
− Vacancy
−$5.1K −$1.32/SF
EGI
$107.7K $27.96/SF
− OpEx
−$48.4K −$12.58/SF
NOI
$59.2K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,200
Cap Rate 7%
$845,857
Cap Rate 9%
$657,889
Alternative Uses
Best Use
Apartment 5plus
$845.9K
$740.1K – $986.8K
NOI $59,210 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,729 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Miami-Dade County, FL
Properties on Market for Apartment buildings in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Impact-rated windows and individually metered electric service support a straightforward multifamily configuration.
Where is this apartment building located?
The property is located at 14355 NE 6th Ave North Miami, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 8 apartments with 3,850 rentable square feet; Built in 1955 on an 11,949‑square‑foot (0.27‑acre) lot; Concrete block construction, hurricane impact windows, and pitched composite shingle roof
