4-Unit
New
For Sale
$625,000
1478 NW 2nd Ave, Florida City, FL 33034
Residential Income, Florida City, FL
Property Size2,280 SF
Price / SF$274.12
Days on Market2
Property Features for 1478 NW 2nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3000
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1
Parking
4
Subdivision
CORAL BAY MANOR
Lot features
< 1/4 Acre
Standard status
Active
APN
16-78-24-020-0210
Size
2,280 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
24 57 38 CORAL BAY MANOR PB 57-40 LOT 1 BLK 2 LOT SIZE 60.000 X 100 COC 24684-3087 06 2006 1
Tax Annual Amount
7080
Legal Description
24 57 38 CORAL BAY MANOR PB 57-40 LOT 1 BLK 2 LOT SIZE 60.000 X 100 COC 24684-3087 06 2006 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1956
Floors in Building
1
Flooring type
Tile
Building materials
CBS (Concrete Block Structure), Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
The Keyes Company
3403236
Listed By:
Saud Rai · License #3403236
(305) 376-7202
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 22 at 10:06PM
MLS# A12110647
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 2,280-square-foot quadplex in Florida City contains four one-bedroom, one-bathroom residences. The units have open floor plans and tile flooring, with wall or window air-conditioning units. The concrete-block building was constructed in 1956 and has a shingle roof, described as new. Public sewer serves the property, and cable is available.
US-1 and the Florida Turnpike are nearby, along with restaurants and shopping centers. Homestead Outlet Mall and Downtown Homestead are also identified as nearby destinations.
US-1 and the Florida Turnpike are nearby, along with restaurants and shopping centers. Homestead Outlet Mall and Downtown Homestead are also identified as nearby destinations.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units in a 2,280‑square‑foot building
- Separate water and electric meters for each unit
- New shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,007
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,140
$760.1K
Cap Rate 7%
$542,957
$543.0K
Cap Rate 9%
$422,300
$422.3K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$57.5K $25.20/SF
− Vacancy
−$3.2K −$1.39/SF
EGI
$54.3K $23.81/SF
− OpEx
−$16.3K −$7.14/SF
NOI
$38.0K $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%
$760,140
Cap Rate 7%
$542,957
Cap Rate 9%
$422,300
Alternative Uses
Best Use
Multifamily LT 5
$543.0K
$475.1K – $633.5K
NOI $38,007 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$500.9K
$438.3K – $584.4K
NOI $35,065 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,972 @ 7.0% cap · market cap 12.96%
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
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has its own water and electric meter, and the building has a new shingle roof.
Where is this quadplex located?
The property is located at 1478 NW 2nd Ave Florida City, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units in a 2,280‑square‑foot building; Separate water and electric meters for each unit; New shingle roof
