Four-Unit
For Sale
$880,000
1500 NW 69th Ter, Miami, FL 33147
Residential Income, Miami, FL
Property Size2,920 SF
Price / SF$301.37
Days on Market59
Property Features for 1500 NW 69th Ter
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
4801
Bedrooms
8
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bedroom 7, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 8, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
Parking
4
Subdivision
NORTH LIBERTY CITY
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-14-015-0990
Size
2,920 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH LIBERTY CITY PB 39-77 LOT 24 & LOT 25 LESS N5FT BLK 6 BLK 6 LOT SIZE 45.000 X 100 OR 19215-4514 0700 1
Tax Annual Amount
13163
Legal Description
NORTH LIBERTY CITY PB 39-77 LOT 24 & LOT 25 LESS N5FT BLK 6 BLK 6 LOT SIZE 45.000 X 100 OR 19215-4514 0700 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1962
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Johana Parra · License #3371418
(786) 314-3149
Added: Jul 5
Changed: Aug 29
Last Checked: Sep 1 at 10:06AM
MLS# A12028410
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.
Investment Insights
Based on property information with market context.
This 2,920-square-foot quadplex contains four residential units, each arranged with two bedrooms and one bathroom. The property was built in 1962 and features block construction, tile flooring, central heating, central air conditioning, a shingle roof, and public sewer service. All four units are currently occupied.
The property is located at 1500 NW 69th Ter in Miami, Florida, within Miami-Dade County. Its four-unit layout provides a defined multifamily configuration, while the existing central systems and durable block construction are established components of the improvement.
Unit-level room data identifies eight bedrooms and four bathrooms across the property, consistent with the four-unit residential arrangement.
The property is located at 1500 NW 69th Ter in Miami, Florida, within Miami-Dade County. Its four-unit layout provides a defined multifamily configuration, while the existing central systems and durable block construction are established components of the improvement.
Unit-level room data identifies eight bedrooms and four bathrooms across the property, consistent with the four-unit residential arrangement.
Key Highlights
- Four‑unit quadplex with four 2BR/1BA residences
- 2,920 square feet of building area
- All four units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,562
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,171,240
$1.2M
Cap Rate 7%
$836,600
$836.6K
Cap Rate 9%
$650,689
$650.7K
Market Conditions
NOI Build-Up for 2,920 SF
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.
Gross rent
$89.4K $30.60/SF
− Vacancy
−$5.7K −$1.95/SF
EGI
$83.7K $28.65/SF
− OpEx
−$25.1K −$8.60/SF
NOI
$58.6K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,171,240
Cap Rate 7%
$836,600
Cap Rate 9%
$650,689
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a fully occupied configuration with two bedrooms and one bathroom per unit.
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: Four‑unit quadplex with four 2BR/1BA residences; 2,920 square feet of building area; All four units are currently occupied
