Fourplex with Two-Bedroom
New
For Sale
$1,100,000
1849 NW 35th St, Miami, FL 33142
Two units offer a second bedroom, while the other two are configured as one-bedroom apartments.
Property Size2,450 SF
Days on Market6
Property Features for 1849 NW 35th St
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,751
Building Details
Building Size
2,450 SF
Year Built
1962
Listing Agency:
London Foster Realty
Listed By:
Adner Joseph · License #3492748
(786) 261-8602
Source:
Miamibrokersgroup
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 11:25AM
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 London Foster Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. The building was constructed in 1962 and contains 2,450 square feet.
The property is in Allapattah, close to Little Havana and major highways.
The property is in Allapattah, close to Little Havana and major highways.
Key Highlights
- Four‑unit multifamily property
- Two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- 2,450 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,136
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,720
$982.7K
Cap Rate 7%
$701,943
$701.9K
Cap Rate 9%
$545,956
$546.0K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$75.0K $30.60/SF
− Vacancy
−$4.8K −$1.95/SF
EGI
$70.2K $28.65/SF
− OpEx
−$21.1K −$8.60/SF
NOI
$49.1K $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 Rate 5%
$982,720
Cap Rate 7%
$701,943
Cap Rate 9%
$545,956
Alternative Uses
Best Use
Multifamily LT 5
$701.9K
$614.2K – $818.9K
NOI $49,136 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$646.6K
$565.8K – $754.3K
NOI $45,260 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,764 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,370
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two units offer a second bedroom, while the other two are configured as one-bedroom apartments.
Where is this quadplex located?
The property is located at 1849 NW 35th St 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: Four‑unit multifamily property; Two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; 2,450 square feet
