Four Apartments in North Miami
2072 NE 169th St, North Miami Beach, FL 33162
Multi Family - North Miami Beach, FL
Type:Single Family Attached
Property size:
3,310 SFPrice / SF:
$301/SF- Added:
- Feb 11, 2026
- Days on Market:
- 100
- Last Refresh:
- May 22 at 10:06 pm
Property Features for 2072 NE 169th St
General Information
- Property type
- Commercial Sale
- Property subtype
- Single Family Attached
- Zoning
- 4900
- Standard status
- Active
- APN
- 07-22-09-012-0050
- Size
- 3,310 SF
Taxes and HOA fees
- Tax Annual Amount
- 2289
Building Details
- Year built
- 1963
- Architectural style
- Other
Listing agent David Heinrich License #3187652 (800) 438-3973
Listing office The Keyes Company 2822 NE 187th Street, Miami, FL (800) 438-3973
Listing date Feb 11, 2026
MLS# A11648497
Listing URL
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.
HighLights
- Four 2BR/2BA condo units offered as a package, ideal for investors.
- Excellent location near beaches, Aventura Mall, highways, shopping, and dining.
- Significant rental growth potential due to below‑market rents.
- No rental restrictions and low HOA fees ($400/month per unit).
- Value‑add potential through renovations.
- Each unit has a separate electric meter, paid by the tenant.
Overview
This is an opportunity to purchase four 2-bedroom, 2-bathroom condo units in a well-maintained boutique building containing a total of 12 units. The units feature spacious layouts and abundant natural light. There are no rental restrictions and low HOA fees. Ideal for investors seeking stable cash flow with long-term appreciation. The location is minutes from beaches, Aventura Mall, major highways, shopping, and dining. The seller prefers to sell all four units as a package. Each tenant pays their own electricity, as each unit has separate electric meters. The units included in the sale are Apt. #5, which is 750 square feet; Apt. #9, which is 1,025 square feet; Apt. #11, which is 750 square feet; and Apt. #12, which is 785 square feet. All four apartments are currently well below market rents. The HOA fee is $400 per month per unit and includes water and garbage.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$613.1K
NOI $55,177 @ 9.00% cap · cautious / downside scenario
Moderate
$788.2K
NOI $55,177 @ 7.00% cap · market / base-case scenario
Aggressive
$1.10M
NOI $55,177 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.4k | $25.20 |
| − Vacancy | −$4.6k | −$1.39 |
| EGI | $78.8k | $23.81 |
| − OpEx | −$23.6k | −$7.14 |
| NOI | $55.2k | $16.67 |
3,310 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$788.2K
$689.7K – $919.6K
NOI $55,177 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$727.2K
$636.3K – $848.4K
NOI $50,906 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,551 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- North Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.178
- Latitude
- 25.9282
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four 2BR/2BA apartments for sale in North Miami Beach, FL.
Where is this quadplex located?
The property is located at 2072 NE 169th St North Miami Beach, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four 2BR/2BA condo units offered as a package, ideal for investors.; Excellent location near beaches, Aventura Mall, highways, shopping, and dining.; Significant rental growth potential due to below‑market rents.
