Four-Unit Apartment
295 NE 55th St Miami, FL 33137
For Sale
$925,000
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$427.65
Days on Market49
Property Features for 295 NE 55th St
General Information
- Standard status
- Active
- Size
- 2,163 SF
- Lot size
- 0.08 Acres
- Property subtype
- Multifamily
Listing Agency:
Fort Lauderdale Office
(954) 245-3445
Listed By:
Cory Sanchez · License #License(s): FL: SL3605832
(954) 245-3445
Source:
Marcusmillichap
Added: Jun 5
Changed: Jul 22
Last Checked: Jul 23 at 2:37AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.2k | $30.60 |
| − Vacancy | −$4.2k | −$1.95 |
| EGI | $62.0k | $28.65 |
| − OpEx | −$18.6k | −$8.60 |
| NOI | $43.4k | $20.06 |
2,163 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$619.7K
$542.3K – $723.0K
NOI $43,380 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$570.8K
$499.5K – $666.0K
NOI $39,958 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,203 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
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 $925,000.
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
