CBS Quadplex With On-Site
For Sale
$1,650,000
1800 NW 19th Ter, Miami, FL 33125
Four residential units include a mix of two- and three-bedroom floor plans with dedicated parking.
Property Size4,138 SF
Lot Size0.16 Acres
Days on Market98
Property Features for 1800 NW 19th Ter
General Information
Standard status
Active
Size
4,138 SF
Total Parking Spaces
12
Lot size
0.16 Acres
Property subtype
Quadruplex
Zoning
T4-R (Urban Centre Zone - Transition)
Additional Details
Gross Income
$150,000
Taxes and HOA fees
Annual Taxes
$13,600
Building Details
Building Size
4,138 SF
Year Built
1979
Buildings
1
Construction
CBS
Tenancy
Multi
Listing Agency:
Fausto Commercial Realty Consultants Inc
(305) 443-7423
Listed By:
Miguel Fuentes · License #3403804
Source:
Miamibrokersgroup
Added: May 1
Changed: Aug 2
Last Checked: Aug 6 at 4:21AM
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 four-unit multifamily property was built in 1979 using CBS construction and occupies a 7,072-square-foot lot. The unit mix includes two three-bedroom, two-bath residences and two two-bedroom, one-bath residences, providing varied layouts within a compact income-property format. Twelve dedicated parking spaces are located on site.
The property is at 1800 NW 19th Ter in Miami, Florida, within Allapattah and just blocks from the Miami Health District, including Jackson Memorial and UM. T4-R zoning, identified as an Urban Centre Zone—Transition, governs the property and supports its urban multifamily setting. The location also places the building near the Wynwood and Edgewater corridor.
The property is at 1800 NW 19th Ter in Miami, Florida, within Allapattah and just blocks from the Miami Health District, including Jackson Memorial and UM. T4-R zoning, identified as an Urban Centre Zone—Transition, governs the property and supports its urban multifamily setting. The location also places the building near the Wynwood and Edgewater corridor.
Key Highlights
- Four‑unit multifamily property with two 3‑bedroom/2‑bath units and two 2‑bedroom/1‑bath units
- 1979 CBS construction on a 7,072‑square‑foot lot
- 12 dedicated on‑site parking spaces
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
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,997
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 - Four residential units include a mix of two- and three-bedroom floor plans with dedicated parking.
Where is this quadplex located?
The property is located at 1800 NW 19th Ter 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 multifamily property with two 3‑bedroom/2‑bath units and two 2‑bedroom/1‑bath units; 1979 CBS construction on a 7,072‑square‑foot lot; 12 dedicated on‑site parking spaces
