Four-Unit Multifamily Property For
For Sale
$1,200,000
1574 SW 1st Street, Miami, FL 33135
Four-unit property with residential and commercial spaces in upcoming area.
Property Size2,076 SF
Days on Market322
Property Features for 1574 SW 1st Street
General Information
Standard status
Active
Size
2,076 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,065
Building Details
Building Size
2,076 SF
Year Built
1937
Listing Agency:
One Option LLC
Listed By:
Ernesto G Avila · License #3109531
(754) 235-3535
Source:
Silverleafrealtygroup
Added: Nov 27, 2025
Changed: Oct 2
Last Checked: Oct 15 at 6:09AM
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 One Option LLC
Investment Insights
Based on property information with market context.
This property features four rental units, including three residential units and a cafeteria. Situated in an area experiencing new residential and commercial construction, the property presents an opportunity for ownership in a developing location.
Key Highlights
- Four income‑producing units, including 3 residential and 1 cafeteria.
- Located in an upcoming area experiencing new residential and commercial construction.
- Investment opportunity with existing rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,092
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,961,840
$2.0M
Cap Rate 7%
$1,401,314
$1.4M
Cap Rate 9%
$1,089,911
$1.1M
Market Conditions
NOI Build-Up for 2,076 SF
Gross rent
$132.8K $63.96/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$130.8K $63.00/SF
− OpEx
−$32.7K −$15.75/SF
NOI
$98.1K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,961,840
Cap Rate 7%
$1,401,314
Cap Rate 9%
$1,089,911
Alternative Uses
Best Use
Specialty Retail
$1.40M
$1.23M – $1.63M
NOI $98,092 @ 7.0% cap · market cap 8.17%
Second Best
Retail
$967.6K
$846.6K – $1.13M
NOI $67,731 @ 7.0% cap · market cap 5.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,802
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Four-unit property with residential and commercial spaces in upcoming area.
Where is this multifamily property located?
The property is located at 1574 SW 1st Street Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four income‑producing units, including 3 residential and 1 cafeteria.; Located in an upcoming area experiencing new residential and commercial construction.; Investment opportunity with existing rental income.
