Renovated Fourplex With Impact
1814 Northwest 2nd Court Miami, FL 33136
For Sale
$1,300,000
Fully renovated fourplex with four 2-bedroom, 1-bath units, new kitchens and baths, plus a brand-new roof and impact windows.
Property Size2,752 SF
Price / SF$472.38
Days on Market229
Property Features for 1814 Northwest 2nd Court
General Information
- Standard status
- Active
- Size
- 2,752 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 2024
Listing Agency:
The Real Estate Lab, Inc.
(844) 299-3499
Listed By:
Abraham A Elbaz · License #3484615
(844) 299-3499
Source:
Compass
Added: Dec 7, 2025
Changed: Jul 23
Last Checked: Jul 23 at 1:58PM
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 The Real Estate Lab, Inc.
Investment Insights
Based on property information with market context.
This fully renovated fourplex offers four separate residential units, each configured with 2 bedrooms and 1 bathroom. Improvements include new kitchens and bathrooms with stainless steel appliances and modern finishes, completed with permits. The property also features a brand-new roof and impact windows, designed for long-term durability.
The building is located near Wynwood and Downtown in Miami. It is positioned for rental demand in a strong local market.
As presented, the property provides a turnkey setup for either investment use or owner occupancy, with all units updated to the same renovated standard.
The building is located near Wynwood and Downtown in Miami. It is positioned for rental demand in a strong local market.
As presented, the property provides a turnkey setup for either investment use or owner occupancy, with all units updated to the same renovated standard.
Key Highlights
- Fully renovated fourplex built in 2024 with four 2‑bedroom, 1‑bath units
- Each unit includes new kitchens and bathrooms with stainless steel appliances
- New roof plus impact windows for added durability and protection
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.2k | $30.60 |
| − Vacancy | −$5.4k | −$1.95 |
| EGI | $78.8k | $28.65 |
| − OpEx | −$23.7k | −$8.60 |
| NOI | $55.2k | $20.06 |
2,752 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$788.5K
$689.9K – $919.9K
NOI $55,193 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$726.3K
$635.5K – $847.3K
NOI $50,839 @ 7.0% cap · market cap 3.91%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,033 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully renovated fourplex with four 2-bedroom, 1-bath units, new kitchens and baths, plus a brand-new roof and impact windows.
Where is this quadplex located?
The property is located at 1814 Northwest 2nd Court Miami, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully renovated fourplex built in 2024 with four 2‑bedroom, 1‑bath units; Each unit includes new kitchens and bathrooms with stainless steel appliances; New roof plus impact windows for added durability and protection
