Two-Story
For Sale
$895,000
295 NE 55th Street, Miami, FL 33137
Four-unit property with concrete-block construction, a concrete roof, and window and wall-unit air conditioning.
Property Size2,163 SF
Lot Size0.08 Acres
Price / SF$413.78
Days on Market71
Property Features for 295 NE 55th Street
General Information
Standard status
Active
Size
2,163 SF
Lot size
0.08 Acres
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$9,608
Amenities
window and wall-unit air conditioning systems
Building Details
Building Size
2,163 SF
Year Built
1925
Stories
2
Construction
concrete block
Tenancy
Multi
Listing Agency:
Home Sold Realty LLC
(833) 700-2782
Listed By:
Camilo De la Cruz Perez · License #3467504
Source:
Casacollectiongroup
Added: Jun 3
Changed: Aug 10
Last Checked: Aug 11 at 12:20PM
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 Home Sold Realty LLC
Investment Insights
Based on property information with market context.
This four-unit multifamily property occupies a two-story concrete-block building with a concrete roof. Constructed in 1925, the property contains 2,163 gross square feet on a 3,400-square-foot lot. Cooling is provided through a combination of window and wall-unit air conditioning systems.
The property is located at 295 NE 55th Street in Miami, Florida, with access to the Design District, Wynwood, Midtown Miami, and Little River. Its configuration, durable construction, and established location support continued use as a small-scale multifamily asset.
The property is located at 295 NE 55th Street in Miami, Florida, with access to the Design District, Wynwood, Midtown Miami, and Little River. Its configuration, durable construction, and established location support continued use as a small-scale multifamily asset.
Key Highlights
- Four‑unit multifamily property
- 2,163 gross square feet on a 3,400‑square‑foot lot
- Two‑story concrete‑block building with a concrete roof
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
$43,380
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
4.85%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with concrete-block construction, a concrete roof, and window and wall-unit air conditioning.
Where is this quadplex located?
The property is located at 295 NE 55th Street 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 multifamily property; 2,163 gross square feet on a 3,400‑square‑foot lot; Two‑story concrete‑block building with a concrete roof
