Updated Furnished
For Sale
$1,298,000
1520 SW 22nd Ave, Miami, FL 33145
Residential Income, Miami, FL
Property Size2,484 SF
Price / SF$522.54
Days on Market87
Property Features for 1520 SW 22nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
5700
Bedrooms
5
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking
5
Spa
1
Subdivision
GRAPELAND
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
01-41-10-002-1050
Size
2,484 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
GRAPELAND SUB REV PB 3-196 LOT 4 LESS E20FT FOR R/W BLK 6 LOT SIZE 50 X 120 OR 15591-3839 0692 5
Tax Annual Amount
15291
Legal Description
GRAPELAND SUB REV PB 3-196 LOT 4 LESS E20FT FOR R/W BLK 6 LOT SIZE 50 X 120 OR 15591-3839 0692 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s)
Amenities
impact windows
new flooring
shed
gazebo lounge area
jacuzzi
Building Details
Year built
1924
Floors in Building
1
Flooring type
Tile - Ceramic, Tile
Building materials
Block
Roof type
Concrete, Shingle
Listing Agency:
Elite Ocean View Realty LLC
(305) 600-1278
Listed By:
Luiza Renuart · License #3582588
(305) 905-7514
Added: Jul 18
Changed: Oct 10
Last Checked: Oct 12 at 10:06PM
MLS# A12052250
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 four-unit residential income property contains 2,484 square feet and was built in 1924 with block construction. Each unit is furnished, and recent improvements include new flooring in the interiors and shared areas, including the parking spaces. The property also has impact windows, tile and ceramic tile flooring, window or wall/window cooling units, and ceiling fans.
Shared outdoor features include a shed, furnished gazebo lounge, and jacuzzi. The studio is leased month-to-month, while the other three units are vacant following flooring work. A solid concrete roof supports drafted architectural concepts for a second-floor addition containing a two-bedroom, two-bathroom apartment. The property is served by public sewer, with cable available, and is located at 1520 SW 22nd Ave in Miami, Florida.
Shared outdoor features include a shed, furnished gazebo lounge, and jacuzzi. The studio is leased month-to-month, while the other three units are vacant following flooring work. A solid concrete roof supports drafted architectural concepts for a second-floor addition containing a two-bedroom, two-bathroom apartment. The property is served by public sewer, with cable available, and is located at 1520 SW 22nd Ave in Miami, Florida.
Key Highlights
- Four‑unit property with 2,484 square feet
- All four units are furnished and recently updated
- Impact windows and new flooring throughout interior and exterior common areas
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
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,481
Businesses Nearby
Explore this area
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished units feature updated interiors, impact windows, and shared outdoor amenities.
Where is this quadplex located?
The property is located at 1520 SW 22nd Ave 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: Four‑unit property with 2,484 square feet; All four units are furnished and recently updated; Impact windows and new flooring throughout interior and exterior common areas
