Quadplex With Private
For Sale
$1,075,000
1821 NW 33rd St, Miami, FL 33142
Residential Income, Miami, FL
Property Size3,042 SF
Price / SF$353.39
Days on Market81
Property Features for 1821 NW 33rd St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
5700
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 4
Parking
10
Subdivision
HOLLEMAN MANOR ADDN
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-27-011-0190
Size
3,042 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLEMAN MANOR ADD PB 13-60 LOT 22 & S23FT LOT 3 BLK 8 LOT SIZE 52.000 X 166 OR 13871-1957 1088 4 COC 22555-1540 08 2004 4
Tax Annual Amount
11991
Legal Description
HOLLEMAN MANOR ADD PB 13-60 LOT 22 & S23FT LOT 3 BLK 8 LOT SIZE 52.000 X 166 OR 13871-1957 1088 4 COC 22555-1540 08 2004 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
Central A/C
private parking
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
All Hud Realty and Management,
(239) 703-0474
Listed By:
Lourdes Muro · License #3166059
(239) 703-0474
Added: Jun 11
Changed: Aug 26
Last Checked: Aug 30 at 4:06AM
MLS# A11944416
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 Miami quadplex contains four one-bedroom, one-bath units within a 3,042-square-foot building constructed in 1925. The property features block construction, ceramic tile flooring, central heating and air conditioning, ceiling fans, individual electric meters, and large private parking. Public water and sewer serve the building, while the roof is shingle.
Airbnb use is permitted by warrant, supporting both short-term and long-term rental arrangements. The property is positioned 7 minutes from Wynwood Arts District and 15 minutes from the Brickell area, providing access to two prominent Miami destinations. The address is 1821 NW 33rd St, Miami, FL 33142, in Miami-Dade County.
Airbnb use is permitted by warrant, supporting both short-term and long-term rental arrangements. The property is positioned 7 minutes from Wynwood Arts District and 15 minutes from the Brickell area, providing access to two prominent Miami destinations. The address is 1821 NW 33rd St, Miami, FL 33142, in Miami-Dade County.
Key Highlights
- Four 1BR/1BA units in a 3,042‑square‑foot quadplex
- Individual electric meters for each unit
- Central A/C serving all units
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
$61,009
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
5.68%
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%
$1,220,180
$1.2M
Cap Rate 7%
$871,557
$871.6K
Cap Rate 9%
$677,878
$677.9K
Market Conditions
NOI Build-Up for 3,042 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
$93.1K $30.60/SF
− Vacancy
−$5.9K −$1.95/SF
EGI
$87.2K $28.65/SF
− OpEx
−$26.1K −$8.60/SF
NOI
$61.0K $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%
$1,220,180
Cap Rate 7%
$871,557
Cap Rate 9%
$677,878
Alternative Uses
Best Use
Multifamily LT 5
$871.6K
$762.6K – $1.02M
NOI $61,009 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$802.8K
$702.5K – $936.6K
NOI $56,196 @ 7.0% cap · market cap 5.23%
Theoretical Best
Specialty Retail
$2.05M
$1.80M – $2.40M
NOI $143,736 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
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 - Separate electric metering and central air serve all units, with rental flexibility for short- or long-term occupancy.
Where is this quadplex located?
The property is located at 1821 NW 33rd St Miami, FL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Four 1BR/1BA units in a 3,042‑square‑foot quadplex; Individual electric meters for each unit; Central A/C serving all units
