6-Unit Apartment
For Sale
$1,575,000
1619 NW 1st St, Miami, FL 33125
Residential Income, Miami, FL
Property Size4,762 SF
Lot Size0.17 Acres
Price / SF$330.74
Days on Market10
Property Features for 1619 NW 1st St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
6107
Bedrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
Parking
6
Subdivision
LAWRENCE ESTATE LAND CO
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-02-005-8650
Size
4,762 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 16 BLK 56 LOT SIZE 7500 SQUARE FEET OR 18359-3929 1198 1
Tax Annual Amount
17109
Legal Description
LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 16 BLK 56 LOT SIZE 7500 SQUARE FEET OR 18359-3929 1198 1
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
assigned parking
on-site laundry facilities
Building Details
Year built
1970
Floors in Building
2
Flooring type
Concrete
Building materials
Block
Roof type
Concrete
Architectural style
Other
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Antonio Cristobal · License #3253230
(786) 457-3211
Added: Oct 26
Changed: Oct 30
Last Checked: Nov 4 at 4:06PM
MLS# A12113232
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.
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Investment Insights
Based on property information with market context.
This six-unit apartment property contains approximately 4,762 square feet of building area on a 7,500-square-foot lot. Built in 1970, the building has block construction, concrete flooring and a concrete roof. Unit interiors have been remodeled, and the property includes assigned parking and on-site laundry facilities.
Located in Miami’s Little Havana neighborhood, the property has access to shops, restaurants and public transportation. Public sewer service is also present.
Located in Miami’s Little Havana neighborhood, the property has access to shops, restaurants and public transportation. Public sewer service is also present.
Key Highlights
- Six apartments in a building with approximately 4,762 square feet of area
- 7,500‑square‑foot lot
- Built in 1970; block construction, concrete flooring and concrete roof
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 - Remodeled unit interiors, assigned parking and on-site laundry serve this multifamily property.
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: Six apartments in a building with approximately 4,762 square feet of area; 7,500‑square‑foot lot; Built in 1970; block construction, concrete flooring and concrete roof
