Updated Fourplex with Individual
For Sale
$845,000
3180 Northwest 19th Avenue, Miami, FL 33142
Fully leased multifamily property with updated interiors, separate utility meters, and parking.
Property Size2,107 SF
Price / SF$401.04
Days on Market159
Property Features for 3180 Northwest 19th Avenue
General Information
Standard status
Active
Size
2,107 SF
Property subtype
Residential Income / Fourplex
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,533
Building Details
Year Built
1955
Buildings
1
Listing Agency:
LP Realty Group
Listed By:
Enolismel Padilla · License #3157928
(786) 814-9991
Source:
Compass
Added: Mar 29
Changed: Sep 3
Last Checked: Sep 2 at 11:30PM
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 LP Realty Group
Investment Insights
Based on property information with market context.
This fourplex contains four one-bedroom, one-bath units within a 2,107-square-foot property built in 1955. The residences feature updated kitchens and modern bathrooms, while individual electric and water meters support separate utility measurement. Parking is also provided.
The property is fully rented with no reported vacancy. It is located 2–3 miles from Wynwood, approximately 10 minutes from Miami Beach, and minutes from LoanDepot Park, Miami Freedom Park, Inter Miami Stadium, and Miami International Airport. Maya Angelou Elementary School is directly across the street, with Georgia Jones Ayers Middle School nearby. The address is 3180 Northwest 19th Avenue, Miami, FL 33142.
The property is fully rented with no reported vacancy. It is located 2–3 miles from Wynwood, approximately 10 minutes from Miami Beach, and minutes from LoanDepot Park, Miami Freedom Park, Inter Miami Stadium, and Miami International Airport. Maya Angelou Elementary School is directly across the street, with Georgia Jones Ayers Middle School nearby. The address is 3180 Northwest 19th Avenue, Miami, FL 33142.
Key Highlights
- Fourplex with four 1BR/1BA units
- 2,107‑square‑foot property built in 1955
- Fully rented with no vacancy
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
$42,257
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
5.00%
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%
$845,140
$845.1K
Cap Rate 7%
$603,671
$603.7K
Cap Rate 9%
$469,522
$469.5K
Market Conditions
NOI Build-Up for 2,107 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
$64.5K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$60.4K $28.65/SF
− OpEx
−$18.1K −$8.60/SF
NOI
$42.3K $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%
$845,140
Cap Rate 7%
$603,671
Cap Rate 9%
$469,522
Alternative Uses
Best Use
Multifamily LT 5
$603.7K
$528.2K – $704.3K
NOI $42,257 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$556.0K
$486.5K – $648.7K
NOI $38,923 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,557 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
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 - Fully leased multifamily property with updated interiors, separate utility meters, and parking.
Where is this quadplex located?
The property is located at 3180 Northwest 19th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Fourplex with four 1BR/1BA units; 2,107‑square‑foot property built in 1955; Fully rented with no vacancy
