Quadplex Residential Income
For Sale
$1,298,000
1520 SW 22nd Avenue, Miami, FL 33145
For sale quadplex generating residential income at 1520 SW 22nd Ave, Miami, FL.
Property Size2,484 SF
Price / SF$522.54
Days on Market102
Property Features for 1520 SW 22nd Avenue
General Information
Standard status
Active
Size
2,484 SF
Property subtype
Triplex
Building Details
Year Built
1924
Listing Agency:
Elite Ocean View Realty LLC
(305) 600-1278
Listed By:
Luiza Renuart · License #3582588
(305) 905-7514
Source:
Lehmannflorida
Added: Jul 12
Changed: Oct 19
Last Checked: Oct 19 at 11:27AM
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 Elite Ocean View Realty LLC
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Investment Insights
Based on property information with market context.
This for-sale quadplex is a residential income property with a total size of 2,484 square feet. The asset is positioned to serve investors or owner-operators seeking a multi-unit rental structure within the residential income property category.
The property is located at 1520 SW 22nd Ave in Miami, Florida. Its compact size may appeal to buyers looking for a smaller multifamily format while maintaining a multi-unit setup under one ownership.
If you’d like, I can help coordinate a showing and confirm additional details such as current occupancy and unit configuration, as those specifics are not provided in the available listing information.
The property is located at 1520 SW 22nd Ave in Miami, Florida. Its compact size may appeal to buyers looking for a smaller multifamily format while maintaining a multi-unit setup under one ownership.
If you’d like, I can help coordinate a showing and confirm additional details such as current occupancy and unit configuration, as those specifics are not provided in the available listing information.
Key Highlights
- Quadplex for sale generating residential income
- Built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,818
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,360
$996.4K
Cap Rate 7%
$711,686
$711.7K
Cap Rate 9%
$553,533
$553.5K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$76.0K $30.60/SF
− Vacancy
−$4.8K −$1.95/SF
EGI
$71.2K $28.65/SF
− OpEx
−$21.4K −$8.60/SF
NOI
$49.8K $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%
$996,360
Cap Rate 7%
$711,686
Cap Rate 9%
$553,533
Alternative Uses
Best Use
Multifamily LT 5
$711.7K
$622.7K – $830.3K
NOI $49,818 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$655.5K
$573.6K – $764.8K
NOI $45,888 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,370 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,481
Businesses Nearby
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Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - For sale quadplex generating residential income at 1520 SW 22nd Ave, Miami, FL.
Where is this quadplex located?
The property is located at 1520 SW 22nd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Quadplex for sale generating residential income; Built in 1924
