10-Unit Apartment
For Sale
$3,650,000
268 NW 34th St, Miami, FL 33127
Residential Income, Miami, FL
Property Size5,574 SF
Price / SF$654.83
Days on Market56
Property Features for 268 NW 34th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3900
Bedrooms
15
Full bathrooms
10
Rooms
Bathroom 9, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 11, Bedroom 9, Bathroom 8, Bedroom 10, Bedroom 7, Bedroom 14, Bathroom 10, Bedroom 2, Bathroom 5, Bedroom 15, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 8, Bedroom 13, Bathroom 6, Bedroom 3, Bathroom 7, Bedroom 12, Bathroom 3
Parking
3
Subdivision
WYND WOOD PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-25-019-1760
Size
5,574 SF
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
WYNDWOOD PARK PB 5-23 LOT 10 & ELY2FT OF LOT 11 & ELY2FT OF LOT 13 BLK 10 LOT SIZE 52.000 X 132 OR 19372-1553 1100 3 COC 25377-1283 01 2007
Tax Annual Amount
39975
Legal Description
WYNDWOOD PARK PB 5-23 LOT 10 & ELY2FT OF LOT 11 & ELY2FT OF LOT 13 BLK 10 LOT SIZE 52.000 X 132 OR 19372-1553 1100 3 COC 25377-1283 01 2007
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
3
Flooring type
Tile - Porcelian, Tile, Vinyl
Building materials
CBS (Concrete Block Structure), Block
Roof type
Concrete
Architectural style
Other
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(305) 662-7325
Listed By:
Ricky Kallabat PA · License #3254287
(305) 747-5117
Added: Sep 11
Changed: Oct 23
Last Checked: Nov 5 at 12:06AM
MLS# A12087540
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.
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Investment Insights
Based on property information with market context.
This 10-unit apartment property contains 5,574 square feet and was built in 1925. Renovations were completed in 2024. The building has 10 air-conditioning units, 10 electric meters, a single water meter, gated entry, and security cameras. Public water and sewer serve the property, and cable is available.
The property is in Wynwood, Miami, with access to Midtown Miami, the Design District, Downtown Miami, and Brickell. The roof dates to 2019.
The property is in Wynwood, Miami, with access to Midtown Miami, the Design District, Downtown Miami, and Brickell. The roof dates to 2019.
Key Highlights
- 10 apartment units in a 5,574‑square‑foot building
- Renovations completed in 2024
- 10 air‑conditioning units and 10 electric meters; one water meter serves the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,971
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,059,420
$2.1M
Cap Rate 7%
$1,471,014
$1.5M
Cap Rate 9%
$1,144,122
$1.1M
Market Conditions
NOI Build-Up for 5,574 SF
Gross rent
$200.7K $36.00/SF
− Vacancy
−$13.4K −$2.41/SF
EGI
$187.2K $33.59/SF
− OpEx
−$84.2K −$15.11/SF
NOI
$103.0K $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%
$2,059,420
Cap Rate 7%
$1,471,014
Cap Rate 9%
$1,144,122
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $102,971 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.76M
$3.29M – $4.39M
NOI $263,374 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The property has individual electric meters and central air conditioning in each of its 10 units.
Where is this apartment building located?
The property is located at 268 NW 34th St Miami, FL.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 10 apartment units in a 5,574‑square‑foot building; Renovations completed in 2024; 10 air‑conditioning units and 10 electric meters; one water meter serves the property
