Fully Occupied
1500 NW 69th Ter, Miami, FL 33147
New
Fourplex, Quadruplex - Miami, FL
Type:Quadruplex
Property size:
2,920 SFPrice / SF:
$301/SF- Added:
- Jun 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 2 at 3:06 pm
Property Features for 1500 NW 69th Ter
General Information
- Property type
- Residential
- Property subtype
- Quadruplex
- Zoning
- 4801
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 4
- Standard status
- Active
- APN
- 01-31-14-015-0990
- Size
- 2,920 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13163
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1962
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Johana Parra License #3371418 (786) 477-4715
Listing office Realty One Group Evolution 2822 NW 79th Ave, Doral, FL (786) 477-4715
Listing date Jun 2, 2026
MLS# A12028410
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
- Fully occupied fourplex with four 2BR/1BA units
- Central heating and central air conditioning
- Block construction with tile flooring
- Roof is shingle; building was constructed in 1962
- Each unit includes 1 bathroom and 2 bedrooms (total: 4 bedrooms listed per unit)
Overview
This fully occupied fourplex is configured as four separate 2-bedroom, 1-bath units, offering an investor the convenience of built-in, in-place tenancy. The property is positioned as a cash-flowing residential income asset designed for buyers looking for stability and long-term holding. With all units currently leased, it provides immediate rental performance rather than requiring lease-up.
Located in Miami, the property benefits from convenience to major highways along with nearby shopping, schools, and employment centers. The combination of strong residential rental demand and practical access supports the asset’s appeal as a steady income investment in a growing market. Zoning is listed as 4801, and financing options are available for qualified buyers.
For investors and buyers seeking a turn-key multifamily opportunity, this fourplex fits well for those who want consistent monthly income from day one. Its unit mix of 2BR/1BA layouts can be attractive to a range of tenants, while the fully occupied status reduces near-term operational uncertainty. As a performing four-unit property, it offers a straightforward path for long-term appreciation and ongoing cash flow.
Located in Miami, the property benefits from convenience to major highways along with nearby shopping, schools, and employment centers. The combination of strong residential rental demand and practical access supports the asset’s appeal as a steady income investment in a growing market. Zoning is listed as 4801, and financing options are available for qualified buyers.
For investors and buyers seeking a turn-key multifamily opportunity, this fourplex fits well for those who want consistent monthly income from day one. Its unit mix of 2BR/1BA layouts can be attractive to a range of tenants, while the fully occupied status reduces near-term operational uncertainty. As a performing four-unit property, it offers a straightforward path for long-term appreciation and ongoing cash flow.
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 | $89.4k | $30.60 |
| − Vacancy | −$5.7k | −$1.95 |
| EGI | $83.7k | $28.65 |
| − OpEx | −$25.1k | −$8.60 |
| NOI | $58.6k | $20.06 |
2,920 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$836.6K
$732.0K – $976.0K
NOI $58,562 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$770.6K
$674.3K – $899.0K
NOI $53,942 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$1.97M
$1.72M – $2.30M
NOI $137,971 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.223946
- Latitude
- 25.8377
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four 2BR/1BA units provide immediate rental income in a consistently demanded Miami location.
Where is this quadplex located?
The property is located at 1500 NW 69th Ter Miami, FL.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Fully occupied fourplex with four 2BR/1BA units; Central heating and central air conditioning; Block construction with tile flooring
