11-Unit Apartment
1534 NW 1st Street, Miami, FL 33125
For Sale
Contact for pricing
The three-story residential property has a mostly two-bedroom layout and covered parking off the street.
Property Size12,616 SF
Lot Size0.17 Acres
Price / SF$309.13
Days on Market36
Property Features for 1534 NW 1st Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Buildings
Stories
Listing Agency:
Horvath & Tremblay
Listed By:
Kirk Felici · License FL BK672851
(954) 245-3400
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 10 at 7:32AM
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 Horvath & Tremblay
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Investment Insights
Based on property information with market context.
This newer-construction apartment property in Miami comprises 11 residences across three floors, with 12,616 square feet of gross living area. The unit mix includes one 1-bedroom/1-bathroom apartment and ten 2-bedroom/2-bathroom apartments. The building occupies a 0.17-acre parcel and provides 11 covered, off-street parking spaces.
In Little Havana, the property is near Downtown Miami and Brickell, as well as a few blocks from Calle Ocho, a retail and cultural corridor.
In Little Havana, the property is near Downtown Miami and Brickell, as well as a few blocks from Calle Ocho, a retail and cultural corridor.
Key Highlights
- 11 apartments: one 1‑bedroom/1‑bathroom unit and ten 2‑bedroom/2‑bathroom units
- 12,616 square feet of gross living area across three stories
- 0.17‑acre parcel with 11 covered off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$233,060
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,661,200
$4.7M
Cap Rate 7%
$3,329,429
$3.3M
Cap Rate 9%
$2,589,556
$2.6M
Market Conditions
NOI Build-Up for 12,616 SF
Gross rent
$454.2K $36.00/SF
− Vacancy
−$30.4K −$2.41/SF
EGI
$423.7K $33.59/SF
− OpEx
−$190.7K −$15.11/SF
NOI
$233.1K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,661,200
Cap Rate 7%
$3,329,429
Cap Rate 9%
$2,589,556
Alternative Uses
Best Use
Apartment 5plus
$3.33M
$2.91M – $3.88M
NOI $233,060 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.52M
$7.45M – $9.94M
NOI $596,112 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
3,802
Businesses Nearby
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Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Miami, FL
Properties on Market for Apartment buildings in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The three-story residential property has a mostly two-bedroom layout and covered parking off the street.
Where is this apartment building located?
The property is located at 1534 NW 1st Street Miami, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 11 apartments: one 1‑bedroom/1‑bathroom unit and ten 2‑bedroom/2‑bathroom units; 12,616 square feet of gross living area across three stories; 0.17‑acre parcel with 11 covered off‑street parking spaces
