Updated Quadplex
For Sale
$1,825,000
1736 Northwest 19th Street, Miami, FL 33125
Fully occupied multifamily property with completed electrical, plumbing, and roof improvements.
Property Size4,928 SF
Price / SF$370.33
Days on Market210
Property Features for 1736 Northwest 19th Street
General Information
Standard status
Active
Size
4,928 SF
Property subtype
Multi-Family Income / Fourplex
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$21,542
Building Details
Year Built
1962
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Antonio Cristobal · License #3253230
(305) 392-1497
Source:
Compass
Added: Feb 2
Changed: Aug 30
Last Checked: Aug 31 at 1:48AM
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
Investment Insights
Based on property information with market context.
This quadplex contains 4,928 square feet and was built in 1962. Major building systems have been updated, including the electrical, plumbing, and roofing components. The property is currently 100% occupied, providing a fully leased configuration for multifamily ownership.
Located at 1736 Northwest 19th Street in Miami, Florida 33125, the asset combines an established construction date with completed capital work and current occupancy. Tenant access considerations apply, with showings and financial information provided only after offer acceptance.
Located at 1736 Northwest 19th Street in Miami, Florida 33125, the asset combines an established construction date with completed capital work and current occupancy. Tenant access considerations apply, with showings and financial information provided only after offer acceptance.
Key Highlights
- Quadplex with 4,928 square feet
- 100% occupancy
- Electrical system improvements completed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,834
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,976,680
$2.0M
Cap Rate 7%
$1,411,914
$1.4M
Cap Rate 9%
$1,098,156
$1.1M
Market Conditions
NOI Build-Up for 4,928 SF
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.
Gross rent
$150.8K $30.60/SF
− Vacancy
−$9.6K −$1.95/SF
EGI
$141.2K $28.65/SF
− OpEx
−$42.4K −$8.60/SF
NOI
$98.8K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,976,680
Cap Rate 7%
$1,411,914
Cap Rate 9%
$1,098,156
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.24M – $1.65M
NOI $98,834 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,037 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$3.33M
$2.91M – $3.88M
NOI $232,850 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,776
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
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?
Quadplex - Fully occupied multifamily property with completed electrical, plumbing, and roof improvements.
Where is this quadplex located?
The property is located at 1736 Northwest 19th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Quadplex with 4,928 square feet; 100% occupancy; Electrical system improvements completed
