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 Market219
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 17
Changed: Oct 15
Last Checked: Oct 19 at 9:09AM
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 LP Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$42,257
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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
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
