Five-Unit Multifamily Investment
For Sale
$2,800,000
2504 NW 14th St, Miami, FL 33125
Well-maintained five-unit multifamily property offered as turnkey near major highways and key employment, shopping, and dining.
Property Size5,432 SF
Days on Market53
Property Features for 2504 NW 14th St
General Information
Standard status
Active
Size
5,432 SF
Property subtype
Income/MultiFamily
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$19,734
Building Details
Building Size
5,432 SF
Year Built
1987
Tenancy
Multi
Listing Agency:
Beachfront Realty Inc
Listed By:
Javier Gaitan · License #3209436
(305) 469-3117
Source:
Relinkre
Added: Jul 16
Changed: Aug 23
Last Checked: Sep 5 at 7:49AM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This well-maintained five-unit multifamily property is presented in excellent condition and marketed as turnkey. The asset is configured as a five-unit residential income building, suitable for buyers seeking a ready-to-operate investment.
The property is located at 2504 NW 14th St, Miami, FL 33125, just minutes from Miami International Airport. It is also described as being near Miami Freedom Park and Soccer Village (Marlins Stadium), with convenient access to major highways, along with shopping, dining, and employment centers.
Per the listing, the property is positioned to benefit from strong local rental demand and long-term investment potential in a rapidly growing area.
The property is located at 2504 NW 14th St, Miami, FL 33125, just minutes from Miami International Airport. It is also described as being near Miami Freedom Park and Soccer Village (Marlins Stadium), with convenient access to major highways, along with shopping, dining, and employment centers.
Per the listing, the property is positioned to benefit from strong local rental demand and long-term investment potential in a rapidly growing area.
Key Highlights
- Well‑maintained five‑unit multifamily property built in 1987
- Offered as a turnkey property
- Located minutes from 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
$100,348
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
3.58%
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%
$2,006,960
$2.0M
Cap Rate 7%
$1,433,543
$1.4M
Cap Rate 9%
$1,114,978
$1.1M
Market Conditions
NOI Build-Up for 5,432 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
$195.6K $36.00/SF
− Vacancy
−$13.1K −$2.41/SF
EGI
$182.5K $33.59/SF
− OpEx
−$82.1K −$15.11/SF
NOI
$100.3K $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 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%
$2,006,960
Cap Rate 7%
$1,433,543
Cap Rate 9%
$1,114,978
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,348 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.67M
$3.21M – $4.28M
NOI $256,664 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,932
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?
Apartment building - Well-maintained five-unit multifamily property offered as turnkey near major highways and key employment, shopping, and dining.
Where is this apartment building located?
The property is located at 2504 NW 14th St Miami, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Well‑maintained five‑unit multifamily property built in 1987; Offered as a turnkey property; Located minutes from Miami International Airport
