Four-Unit Apartment
For Sale
$895,000
295 NE 55th St, Miami, FL 33137
Built in 1925, this two-story concrete-block quadplex includes window and wall-unit A/C systems.
Property Size2,163 SF
Lot Size0.08 Acres
Price / SF$413.78
Days on Market141
Property Features for 295 NE 55th St
General Information
Standard status
Active
Size
2,163 SF
Lot size
0.08 Acres
Property subtype
Multifamily
Occupancy
96%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.27%
Multifamily Units
4
Amenities
First Time Offered For Sale In Over 20 Years
Significant Rental Upside In A High-Demand Miami Submarket
Exceptional Location With Immediate Proximity To Wynwood, The Miami Design District, And Downtown Miami
Building Details
Building Size
2,163 SF
Year Built
1925
Stories
2
Units
4
Listing Agency:
Fort Lauderdale Office
(954) 245-3400
Listed By:
Cory Sanchez · License #FL: SL3605832
(954) 245-3445
Source:
Marcusmillichap
Added: Jun 5
Changed: Oct 21
Last Checked: Oct 20 at 5:15PM
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 Fort Lauderdale Office
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Investment Insights
Based on property information with market context.
Rosedale Apartments is a four-unit multifamily property built in 1925. The two-story building is constructed of concrete block with a concrete roof and totals 2,163 gross square feet on a 3,400-square-foot lot. Units are served by a mix of window and wall-unit air conditioning systems.
The property is located at 295 NE 55th Street in Miami, Florida, in an urban corridor described as experiencing rapid evolution and substantial investment. Access to Biscayne Boulevard, Interstate 95, and Downtown Miami is highlighted in the remarks. The asset is presented as having been offered for sale for the first time in more than 20 years.
The property is located at 295 NE 55th Street in Miami, Florida, in an urban corridor described as experiencing rapid evolution and substantial investment. Access to Biscayne Boulevard, Interstate 95, and Downtown Miami is highlighted in the remarks. The asset is presented as having been offered for sale for the first time in more than 20 years.
Key Highlights
- Four‑unit (quadplex) multifamily property at 295 NE 55th Street, Miami, FL
- Built in 1925; two‑story concrete‑block building with concrete roof
- Total 2,163 gross SF on a 3,400‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,380
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,600
$867.6K
Cap Rate 7%
$619,714
$619.7K
Cap Rate 9%
$482,000
$482.0K
Market Conditions
NOI Build-Up for 2,163 SF
Gross rent
$66.2K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$62.0K $28.65/SF
− OpEx
−$18.6K −$8.60/SF
NOI
$43.4K $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%
$867,600
Cap Rate 7%
$619,714
Cap Rate 9%
$482,000
Alternative Uses
Best Use
Multifamily LT 5
$619.7K
$542.3K – $723.0K
NOI $43,380 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$570.8K
$499.5K – $666.0K
NOI $39,958 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,203 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,219
Businesses Nearby
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1925, this two-story concrete-block quadplex includes window and wall-unit A/C systems.
Where is this quadplex located?
The property is located at 295 NE 55th St Miami, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four‑unit (quadplex) multifamily property at 295 NE 55th Street, Miami, FL; Built in 1925; two‑story concrete‑block building with concrete roof; Total 2,163 gross SF on a 3,400‑square‑foot lot
