Multifamily with Studio and Four 1BR
1570 NE 130th St North Miami, FL 33161
New
1570 NE 130th St, North Miami, FL, 33161
$944,000
For Sale
$944,000
MULTI_FAMILY - Other - North Miami, FL
Property Size2,857 SF
Price / SF$330.42
Days on Market2
Property Features for 1570 NE 130th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 4
- Rooms
- Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 4
- Parking
- 4
- Exterior features
- Lighting
- Standard status
- Active
- APN
- 06-22-29-058-0010
- Size
- 2,857 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MEYERSON MANOR PB 60-52 LOT 1 BLK 1 LOT SIZE 75.000 X 100 OR 17595-4458 0491 4
- Tax Annual Amount
- 10202
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1957
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
LoKation
(954) 545-5583
Listed by
Marsha Edwards · License #3238169
(954) 806-0777
Added: Jul 20 Checked: Jul 21 at 10:06AM
MLS# A12055900
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 for-sale multifamily property is situated on a residential corner lot and features four 1 bedroom/1 bathroom apartments plus one studio. The optional 2/2 configuration is noted as an alternative option, depending on how an owner-occupant may choose to use the unit. Each unit has efficient split A/C, and utilities are separately metered with separate electric meters and one shared water meter. The property includes adequate parking, and the units are currently tenant occupied.
The home is located at 1570 NE 130th St, North Miami, FL 33161. Public remarks indicate proximity to major transportation, schools, restaurants, shopping, nightlife, and the beach.
Additional exterior and building items include hurricane shutters in place and a brand new roof. A 40-year certification was completed in 2019, supporting the property’s maintained condition.
The home is located at 1570 NE 130th St, North Miami, FL 33161. Public remarks indicate proximity to major transportation, schools, restaurants, shopping, nightlife, and the beach.
Additional exterior and building items include hurricane shutters in place and a brand new roof. A 40-year certification was completed in 2019, supporting the property’s maintained condition.
Key Highlights
- Four 1‑bedroom/1‑bath apartments plus one studio on a residential corner lot in North Miami
- Tenant‑occupied units currently producing $6,000 per month in income
- Split A/C and wall/window unit(s) cooling with separate electric meters (1 water meter)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $25.20 |
| − Vacancy | −$4.0k | −$1.39 |
| EGI | $68.0k | $23.81 |
| − OpEx | −$20.4k | −$7.14 |
| NOI | $47.6k | $16.67 |
2,857 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$680.4K
$595.3K – $793.8K
NOI $47,626 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$627.7K
$549.2K – $732.3K
NOI $43,939 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,463 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Residential corner lot multifamily offering four 1BR/1BA apartments and one studio, with efficient split A/C.
Where is this quadplex located?
The property is located at 1570 NE 130th St North Miami, FL.
What is the asking price?
The asking price for this property is $944,000.
What are key features of this property?
This property features: Four 1‑bedroom/1‑bath apartments plus one studio on a residential corner lot in North Miami; Tenant‑occupied units currently producing $6,000 per month in income; Split A/C and wall/window unit(s) cooling with separate electric meters (1 water meter)
