Four-Unit Residential Income
16030 NE 19th Pl North Miami Beach, FL 33162
For Sale
Contact for pricing
Four-unit quadplex with one 2-bedroom unit and three 1-bedroom units, featuring central A/C across most units.
Property Size2,956 SF
Price / SF$296.01
Days on Market87
Property Features for 16030 NE 19th Pl
General Information
- Standard status
- Active
- Size
- 2,956 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing Agency:
Keller Williams Realty SW
(954) 471-4406
Listed By:
Juan Santos · License #3257036
Source:
Crexi
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 5:30AM
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 Keller Williams Realty SW
Investment Insights
Based on property information with market context.
This four-unit residential income property includes one 2-bedroom, 1-bath unit and three 1-bedroom, 1-bath units. Unit interiors are supported by air conditioning, with Units #1–#3 featuring central A/C and Unit #4 equipped with a wall unit A/C. The property also highlights granite countertops in Unit #1. The metal roof was installed in 2019, contributing to the overall described condition.
The building is located in North Miami Beach, just off 163rd St, with convenient access to major roads. The property is also described as being close to shopping, dining, and schools.
As offered for sale, the property is described as having long-term, month-to-month tenants in place. Rents are currently reported as below market value, creating an opportunity for income improvement over time.
The building is located in North Miami Beach, just off 163rd St, with convenient access to major roads. The property is also described as being close to shopping, dining, and schools.
As offered for sale, the property is described as having long-term, month-to-month tenants in place. Rents are currently reported as below market value, creating an opportunity for income improvement over time.
Key Highlights
- Four‑unit quadplex (1965) with one 2‑bedroom, 1‑bath unit and three 1‑bedroom, 1‑bath units.
- Central A/C in multiple units: Unit #1 has central A/C, Units #1–#3 have central A/C.
- Unit #1 features granite countertops; Unit #4 has wall unit A/C.
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 | $74.5k | $25.20 |
| − Vacancy | −$4.1k | −$1.39 |
| EGI | $70.4k | $23.81 |
| − OpEx | −$21.1k | −$7.14 |
| NOI | $49.3k | $16.67 |
2,956 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$703.9K
$616.0K – $821.3K
NOI $49,276 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$649.4K
$568.3K – $757.7K
NOI $45,461 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,979 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit quadplex with one 2-bedroom unit and three 1-bedroom units, featuring central A/C across most units.
Where is this quadplex located?
The property is located at 16030 NE 19th Pl North Miami Beach, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Four‑unit quadplex (1965) with one 2‑bedroom, 1‑bath unit and three 1‑bedroom, 1‑bath units.; Central A/C in multiple units: Unit #1 has central A/C, Units #1–#3 have central A/C.; Unit #1 features granite countertops; Unit #4 has wall unit A/C.
