4-Unit CBS
For Sale
$1,650,000
1800 Nw 19th St, Miami, FL 33136
T4-R zoning, twelve parking spaces, and a unit mix serving Miami’s Allapattah neighborhood.
Property Size4,138 SF
Lot Size0.16 Acres
Price / SF$398.74
Days on Market137
Property Features for 1800 Nw 19th St
General Information
Standard status
Active
Size
4,138 SF
Total Parking Spaces
12
Lot size
0.16 Acres
Property subtype
Residential Income
Zoning
T4-R
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
4
Parking per Unit
3
Additional Details
Gross Income
$151,800
Taxes and HOA fees
Annual Taxes
$13,600
Building Details
Year Built
1979
Buildings
1
Construction
CBS
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Miguel Fuentes · License #3403804
(305) 915-3492
Source:
Exprealty
Added: May 2
Changed: Sep 13
Last Checked: Sep 14 at 12:53PM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This 4,138-square-foot quadplex in Miami’s Allapattah neighborhood contains four residential units: two three-bedroom, two-bath units and two two-bedroom, one-bath units. The building dates to 1979 and sits on a 7,072-square-foot lot, with CBS construction and 12 dedicated parking spaces.
The property is located at 1800 NW 19th St, within blocks of Miami’s Health District, including Jackson Memorial and the University of Miami. T4-R zoning, identified as an Urban Centre Zone – Transition, adds a defined zoning framework to the multifamily asset.
The property is located at 1800 NW 19th St, within blocks of Miami’s Health District, including Jackson Memorial and the University of Miami. T4-R zoning, identified as an Urban Centre Zone – Transition, adds a defined zoning framework to the multifamily asset.
Key Highlights
- Four‑unit configuration with two 3‑bedroom/2‑bath units and two 2‑bedroom/1‑bath units
- 4,138‑square‑foot building on a 7,072‑square‑foot lot
- 1979 CBS construction
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
$82,990
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
5.03%
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%
$1,659,800
$1.7M
Cap Rate 7%
$1,185,571
$1.2M
Cap Rate 9%
$922,111
$922.1K
Market Conditions
NOI Build-Up for 4,138 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
$126.6K $30.60/SF
− Vacancy
−$8.1K −$1.95/SF
EGI
$118.6K $28.65/SF
− OpEx
−$35.6K −$8.60/SF
NOI
$83.0K $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%
$1,659,800
Cap Rate 7%
$1,185,571
Cap Rate 9%
$922,111
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $82,990 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$1.09M
$955.5K – $1.27M
NOI $76,443 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$2.79M
$2.44M – $3.26M
NOI $195,522 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,038
Businesses Nearby
Explore this area
Business Placement
Demographics for 33136, FL
15,439
Population
7,994
Households
1.9
Avg Household Size
36
Median Age
25%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
11,028
Density / Sq Mi
$43,481
Median Household Income
$34,130
Median Earnings
$1,337
Median Rent
$352,700
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
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Frequently Asked Questions
What type of property is this?
Quadplex - T4-R zoning, twelve parking spaces, and a unit mix serving Miami’s Allapattah neighborhood.
Where is this quadplex located?
The property is located at 1800 Nw 19th St Miami, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Four‑unit configuration with two 3‑bedroom/2‑bath units and two 2‑bedroom/1‑bath units; 4,138‑square‑foot building on a 7,072‑square‑foot lot; 1979 CBS construction
