Income-Producing Fourplex in Growing
For Sale
Contact for pricing
1836 NW 16th Ter, Miami, FL 33125
Fourplex with rental income potential in a rapidly growing Miami corridor.
Property Size2,332 SF
Price / SF$471.70
Days on Market185
Property Features for 1836 NW 16th Ter
General Information
Standard status
Active
Size
2,332 SF
Property subtype
Multifamily
Zoning
T3-O
Building Details
Year Built
1939
Listing Agency:
The Keyes Company
(305) 323-6036
Listed By:
Orlando Leon · License #3508666
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Jul 23 at 2:01PM
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 Keyes Company
Investment Insights
Based on property information with market context.
This income-producing fourplex is offered as part of a portfolio sale, with two additional fourplexes also available. The property is located at 1836 NW 16th Terrace and presents rental income potential, suitable for investors seeking cash flow. The unit layout is suited for long-term or short-term rental strategies, with potential for increased value. The property is positioned minutes from Freedom Park, major highways, Downtown Miami, Wynwood, and Miami International Airport. The property size is 2332 square feet.
Key Highlights
- Income‑producing Fourplex: Immediate cash flow potential.
- Portfolio Sale Opportunity: Acquire with two additional Fourplexes.
- Strategic Location: Minutes from Freedom Park, major highways, Downtown Miami, Wynwood, and Miami International Airport.
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
$46,770
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
4.25%
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%
$935,400
$935.4K
Cap Rate 7%
$668,143
$668.1K
Cap Rate 9%
$519,667
$519.7K
Market Conditions
NOI Build-Up for 2,332 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
$71.4K $30.60/SF
− Vacancy
−$4.5K −$1.95/SF
EGI
$66.8K $28.65/SF
− OpEx
−$20.0K −$8.60/SF
NOI
$46.8K $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%
$935,400
Cap Rate 7%
$668,143
Cap Rate 9%
$519,667
Alternative Uses
Best Use
Multifamily LT 5
$668.1K
$584.6K – $779.5K
NOI $46,770 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$615.4K
$538.5K – $718.0K
NOI $43,080 @ 7.0% cap · market cap 3.92%
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,188 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,441
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex with rental income potential in a rapidly growing Miami corridor.
Where is this quadplex located?
The property is located at 1836 NW 16th Ter Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Income‑producing Fourplex: Immediate cash flow potential.; Portfolio Sale Opportunity: Acquire with two additional Fourplexes.; Strategic Location: Minutes from Freedom Park, major highways, Downtown Miami, Wynwood, and Miami International Airport.
