Room-Configured Quadplex with Covered
New
For Sale
$1,600,000
1761 SW 14th St, Miami, FL 33145
Residential Income, Miami, FL
Property Size3,050 SF
Price / SF$524.59
Days on Market2
Property Features for 1761 SW 14th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
0100
Parking
4
Subdivision
SOUTH SHENANDOAH
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-10-064-0710
Size
3,050 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTH SHENANDOAH PB 11-64 LOT 18 & E1/2 LOT 17 BLK 5 LOT SIZE 75.000 X 125 OR 18076-4629 0498 4
Tax Annual Amount
21018
Legal Description
SOUTH SHENANDOAH PB 11-64 LOT 18 & E1/2 LOT 17 BLK 5 LOT SIZE 75.000 X 125 OR 18076-4629 0498 4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
coded entry pad
covered patio
laundry machines
Building Details
Year built
1952
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Barrel
Architectural style
Other
Listing Agency:
Luxe Living Realty
(305) 673-6787
Listed By:
Dora Puig · License #3268462
(305) 873-4919
Added: Sep 3
Last Checked: Sep 4 at 5:06PM
MLS# A11979593
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.
Investment Insights
Based on property information with market context.
This 3,050-square-foot quadplex, built in 1952, is arranged with 10 bedrooms and 9 bathrooms. Coded entry pads provide separate access to each bedroom, while guests share a spacious living and dining area along with the kitchen. Ceramic tile flooring, central heating, central air conditioning, block construction, a barrel roof, and public sewer service are in place.
Outdoor features include a covered patio with laundry machines, a privacy fence, and yard space that could accommodate a pool. The property also offers ample vehicle parking and access near US-1 and I-95. Miami International Airport is a few miles away, with Coconut Grove, Coral Gables, Brickell, and Downtown Miami also identified as nearby destinations. The layout can support individual room rentals, whole-property occupancy, or longer-term multifamily use.
Outdoor features include a covered patio with laundry machines, a privacy fence, and yard space that could accommodate a pool. The property also offers ample vehicle parking and access near US-1 and I-95. Miami International Airport is a few miles away, with Coconut Grove, Coral Gables, Brickell, and Downtown Miami also identified as nearby destinations. The layout can support individual room rentals, whole-property occupancy, or longer-term multifamily use.
Key Highlights
- 3,050‑square‑foot quadplex built in 1952
- 10 bedrooms and 9 bathrooms
- Coded entry pads provide separate access to each bedroom
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
$61,169
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
3.82%
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%
$1,223,380
$1.2M
Cap Rate 7%
$873,843
$873.8K
Cap Rate 9%
$679,656
$679.7K
Market Conditions
NOI Build-Up for 3,050 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
$93.3K $30.60/SF
− Vacancy
−$5.9K −$1.95/SF
EGI
$87.4K $28.65/SF
− OpEx
−$26.2K −$8.60/SF
NOI
$61.2K $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%
$1,223,380
Cap Rate 7%
$873,843
Cap Rate 9%
$679,656
Alternative Uses
Best Use
Multifamily LT 5
$873.8K
$764.6K – $1.02M
NOI $61,169 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$804.9K
$704.3K – $939.1K
NOI $56,344 @ 7.0% cap · market cap 3.52%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $144,114 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,986
Businesses Nearby
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Miami property with private room access, shared common areas, and flexible rental configuration.
Where is this quadplex located?
The property is located at 1761 SW 14th St Miami, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 3,050‑square‑foot quadplex built in 1952; 10 bedrooms and 9 bathrooms; Coded entry pads provide separate access to each bedroom
