Fourplex Near Sunny
151 NW 164th ST, Miami, FL 33169
For Sale
$1,085,000
Built in 1967, this Miami property provides a four-unit multifamily configuration near major highways.
Property Size3,185 SF
Days on Market192
Property Features for 151 NW 164th ST
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Urban Development & Investments LLC
Listed By:
Katty Chaparro · License FL #3330723
(786) 253-3148
Source:
Vanessafrankmiami
Added: May 3
Changed: Oct 31
Last Checked: Nov 10 at 2:03PM
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 Urban Development & Investments LLC
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Investment Insights
Based on property information with market context.
This fourplex in Miami, Florida, contains four residential units within a multifamily property built in 1967. The asset is located at 151 NW 164th ST and is offered for sale as a residential income property.
The property is situated near Sunny Isles and major highways, providing access to established regional destinations and transportation routes. Its four-unit configuration gives buyers a clearly defined multifamily format within the Miami market.
The property is situated near Sunny Isles and major highways, providing access to established regional destinations and transportation routes. Its four-unit configuration gives buyers a clearly defined multifamily format within the Miami market.
Key Highlights
- Fourplex with four residential units
- Built in 1967
- Located at 151 NW 164th ST, Miami, FL 33169
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,877
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,540
$1.3M
Cap Rate 7%
$912,529
$912.5K
Cap Rate 9%
$709,744
$709.7K
Market Conditions
NOI Build-Up for 3,185 SF
Gross rent
$97.5K $30.60/SF
− Vacancy
−$6.2K −$1.95/SF
EGI
$91.3K $28.65/SF
− OpEx
−$27.4K −$8.60/SF
NOI
$63.9K $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 Rate 5%
$1,277,540
Cap Rate 7%
$912,529
Cap Rate 9%
$709,744
Alternative Uses
Best Use
Multifamily LT 5
$912.5K
$798.5K – $1.06M
NOI $63,877 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$840.5K
$735.5K – $980.6K
NOI $58,838 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,493 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,783
Businesses Nearby
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Business Placement
Demographics for 33169, FL
42,308
Population
14,815
Households
2.9
Avg Household Size
37
Median Age
22%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
6,222
Density / Sq Mi
$59,686
Median Household Income
$34,327
Median Earnings
$1,536
Median Rent
$352,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Miami, FL
Properties on Market for Quadplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1967, this Miami property provides a four-unit multifamily configuration near major highways.
Where is this quadplex located?
The property is located at 151 NW 164th ST Miami, FL.
What is the asking price?
The asking price for this property is $1,085,000.
What are key features of this property?
This property features: Fourplex with four residential units; Built in 1967; Located at 151 NW 164th ST, Miami, FL 33169
