22-Unit Apartment
For Sale
$4,500,000
2170 NW Flagler Ter, Miami, FL 33125
Fully occupied multifamily asset with access to Downtown Miami, Brickell, Coral Gables, and the Miami Health District.
Property Size13,530 SF
Price / SF$332.59
Days on Market106
Property Features for 2170 NW Flagler Ter
General Information
Standard status
Active
Size
13,530 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
22
Taxes and HOA fees
Annual Taxes
$52,316
Building Details
Building Size
13,530 SF
Year Built
1958
Listing Agency:
Real Estate Sales Force
Listed By:
Antonio Cristobal · License #3253230
Source:
Casacollectiongroup
Added: Jul 6
Changed: Oct 17
Last Checked: Oct 16 at 4:21PM
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 Real Estate Sales Force
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Investment Insights
Based on property information with market context.
This 22-unit apartment property was built in 1958 and is reported to be 100% occupied. The asset is located at 2170 NW Flagler Terrace in Miami, Florida, providing an established multifamily configuration in an urban rental setting.
The property offers access to Downtown Miami, Brickell, Coral Gables, the Miami Health District, and major expressways. The surrounding area is described as experiencing redevelopment and population growth, placing the property within an active Miami market.
The property offers access to Downtown Miami, Brickell, Coral Gables, the Miami Health District, and major expressways. The surrounding area is described as experiencing redevelopment and population growth, placing the property within an active Miami market.
Key Highlights
- 22‑unit apartment property
- 100% occupancy reported
- Built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,945
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,998,900
$5.0M
Cap Rate 7%
$3,570,643
$3.6M
Cap Rate 9%
$2,777,167
$2.8M
Market Conditions
NOI Build-Up for 13,530 SF
Gross rent
$487.1K $36.00/SF
− Vacancy
−$32.6K −$2.41/SF
EGI
$454.4K $33.59/SF
− OpEx
−$204.5K −$15.11/SF
NOI
$249.9K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,998,900
Cap Rate 7%
$3,570,643
Cap Rate 9%
$2,777,167
Alternative Uses
Best Use
Apartment 5plus
$3.57M
$3.12M – $4.17M
NOI $249,945 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.13M
$7.99M – $10.65M
NOI $639,299 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
22
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,167
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily asset with access to Downtown Miami, Brickell, Coral Gables, and the Miami Health District.
Where is this apartment building located?
The property is located at 2170 NW Flagler Ter Miami, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 22‑unit apartment property; 100% occupancy reported; Built in 1958
