4-Unit Multifamily
For Sale
$625,000
Pending
3121 NW 133RD Street #1-4, Opa Locka, FL 33054
Four one-bedroom residences with recent building-system updates and flexible month-to-month occupancy.
Property Size2,948 SF
Days on Market56
Property Features for 3121 NW 133RD Street #1-4
General Information
Standard status
Pending
Size
2,948 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
0100
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,700
Building Details
Building Size
2,948 SF
Year Built
1971
Stories
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Corbin Mitchell · License #3291178
(954) 593-0181
Source:
Laerrealty
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 28 at 5:09AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 4-unit multifamily property contains four 1-bedroom, 1-bath residences. Three units are occupied under month-to-month arrangements, providing an existing rental component with lease flexibility. Property improvements include a new permitted roof and new water heaters serving all 4 units.
The property is located in Opa-locka with access to NW 135th St, Gratigny Pkwy, and major Miami-Dade corridors. Built in 1971, it is also rated Somewhat Bikeable with a bike score of 49 and Car-Dependent with a walk score of 39.
The property is located in Opa-locka with access to NW 135th St, Gratigny Pkwy, and major Miami-Dade corridors. Built in 1971, it is also rated Somewhat Bikeable with a bike score of 49 and Car-Dependent with a walk score of 39.
Key Highlights
- 4‑unit multifamily property with four 1BR/1BA residences
- 3 of 4 units currently rented month‑to‑month
- New permitted roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,460
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,200
$1.1M
Cap Rate 7%
$778,000
$778.0K
Cap Rate 9%
$605,111
$605.1K
Market Conditions
NOI Build-Up for 2,948 SF
Gross rent
$106.1K $36.00/SF
− Vacancy
−$7.1K −$2.41/SF
EGI
$99.0K $33.59/SF
− OpEx
−$44.6K −$15.11/SF
NOI
$54.5K $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%
$1,089,200
Cap Rate 7%
$778,000
Cap Rate 9%
$605,111
Alternative Uses
Best Use
Multifamily LT 5
$844.6K
$739.1K – $985.4K
NOI $59,124 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$778.0K
$680.8K – $907.7K
NOI $54,460 @ 7.0% cap · market cap 8.71%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,294 @ 7.0% cap · market cap 22.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
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Business Placement
Demographics for 33054, FL
30,352
Population
10,263
Households
3
Avg Household Size
37
Median Age
10%
College-Educated
75%
High-School Grad
8.4 sq mi
ZIP Area
3,613
Density / Sq Mi
$42,779
Median Household Income
$31,147
Median Earnings
$1,346
Median Rent
$291,700
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 - Four one-bedroom residences with recent building-system updates and flexible month-to-month occupancy.
Where is this quadplex located?
The property is located at 3121 NW 133RD Street #1-4 Opa Locka, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4‑unit multifamily property with four 1BR/1BA residences; 3 of 4 units currently rented month‑to‑month; New permitted roof
