6-Unit Apartment
For Sale
$1,575,000
1619 NW 1st St, Miami, FL 33125
Renovated unit interiors, assigned parking, and shared laundry support day-to-day residential use.
Property Size4,762 SF
Lot Size0.17 Acres
Price / SF$330.74
Days on Market11
Property Features for 1619 NW 1st St
General Information
Standard status
Active
Size
4,762 SF
Lot size
0.17 Acres
Property subtype
Quadruplex
Site & Location
Neighborhood
Orange Bowl
Public Transit
Yes
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$17,109
Amenities
assigned parking
on-site laundry facilities
Building Details
Building Size
4,762 SF
Year Built
1970
Buildings
1
Listing Agency:
Real Estate Sales Force
Listed By:
Antonio Cristobal · License #3253230
Source:
Allyandaj
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 4 at 6:44PM
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 Real Estate Sales Force
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6-unit apartment building contains approximately 4,762 square feet on a 7,500-square-foot lot. Constructed in 1970, it includes assigned parking and on-site laundry, with remodeled interiors in the units.
The property is in Miami’s Little Havana neighborhood, with shops, restaurants, and public transportation accessible nearby.
The property is in Miami’s Little Havana neighborhood, with shops, restaurants, and public transportation accessible nearby.
Key Highlights
- 6 apartment units
- Approximately 4,762 square feet of building area
- 7,500‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,970
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,759,400
$1.8M
Cap Rate 7%
$1,256,714
$1.3M
Cap Rate 9%
$977,444
$977.4K
Market Conditions
NOI Build-Up for 4,762 SF
Gross rent
$171.4K $36.00/SF
− Vacancy
−$11.5K −$2.41/SF
EGI
$159.9K $33.59/SF
− OpEx
−$72.0K −$15.11/SF
NOI
$88.0K $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%
$1,759,400
Cap Rate 7%
$1,256,714
Cap Rate 9%
$977,444
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,970 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.21M
$2.81M – $3.75M
NOI $225,007 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,788
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated unit interiors, assigned parking, and shared laundry support day-to-day residential use.
Where is this apartment building located?
The property is located at 1619 NW 1st St Miami, FL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 6 apartment units; Approximately 4,762 square feet of building area; 7,500‑square‑foot lot
