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    Four-Unit Residential Income Property Title is generated by Realmo AI

    1499 NW 32nd St, Miami, FL 33142

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    Claim this Listing
    For Sale
    Under Contract
    $1,100,000

    MULTI_FAMILY - Miami, FL

    Property size:
    3,665 SF
    Price / SF:
    $300/SF
    Added:
    Jun 10, 2026
    Days on Market:
    23
    Last Refresh:
    Jul 2 at 8:06 am

    Property Features for 1499 NW 32nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Rooms
    Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3
    Parking
    4
    Standard status
    Active Under Contract
    APN
    01-31-26-022-0100
    Size
    3,665 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    ALLAPATTAH MANORS SUB PB 15-76 LOT 1 & W5FT LOT 2 BLK 2 LOT SIZE 55.000 X 1100 OR 10846-1683 0880 1
    Tax Annual Amount
    4493

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1930
    Floors in Building
    2
    Building materials
    Brick, Block

    We can help!

    Contact an agent
    Faith Johnson

    Listing agent Faith Johnson License #3553382

    Listing office The Keyes Company 6850 Main Street, Miami, FL

    Listing date Jun 10, 2026

    MLS# A11849114 Listing URL

    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.

    HighLights

    • Two duplex buildings with 4 total residential units
    • All units are on one parcel and can be sold together
    • Construction materials include brick and block
    • Year built: 1930
    • Sewer: public sewer
    • Zoning: nonconforming T3‑O

    Overview

    This for-sale residential income property consists of two duplex buildings totaling four residential units. All units are located on a single parcel, allowing the buildings to be acquired together. The property is listed as a nonconforming zoning T3-O asset, which may be important for buyers evaluating intended use and compliance requirements. Total building size is noted as 3,665 square feet.

    The property is located at 1499 NW 32nd St, Miami, FL 33142, in Miami-Dade County.

    The all-in-one parcel configuration can simplify acquisition for investors seeking a single transaction covering multiple units. The zoning classification being identified as nonconforming may also be a key consideration for buyers and their advisors when planning for operation, financing, and any future improvements. Interested parties should review zoning, nonconforming status, and unit-specific details during due diligence.

    Local 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 $112.1k $30.60
    − Vacancy −$7.1k −$1.95
    EGI $105.0k $28.65
    − OpEx −$31.5k −$8.60
    NOI $73.5k $20.06
    3,665 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.05M
    $918.8K – $1.23M (±1% cap)
    NOI $73,504 @ 7.0% cap · market cap 6.68%
    Second Best
    Apartment 5plus
    $967.2K
    $846.3K – $1.13M (±1% cap)
    NOI $67,705 @ 7.0% cap · market cap 6.16%
    Theoretical Best
    Specialty Retail
    $2.47M
    $2.16M – $2.89M (±1% cap)
    NOI $173,173 @ 7.0% cap · market cap 15.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.22162
    Latitude
    25.806541

    FAQs

    What type of property is this?
    Quadplex - Four units across two duplex buildings on one parcel, offered for sale with T3-O nonconforming zoning.
    Where is this quadplex located?
    The property is located at 1499 NW 32nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Two duplex buildings with 4 total residential units; All units are on one parcel and can be sold together; Construction materials include brick and block
    More about this property
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