Fourplex with Separate Utility
3180 NW 19th Ave, Miami, FL 33142
For Sale
$810,000
All four one-bedroom residences are occupied and have individual water and electric meters.
Property Size2,107 SF
Price / SF$384.43
Days on Market208
Property Features for 3180 NW 19th Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Net Operating Income
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Parking per Unit
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Central Air, Ceiling Fan(s)
Central
Fourplex
Building Details
Building Size
Year Built
Stories
Listing Agency:
LP Realty Group
Listed By:
Enolismel Padilla · License #3157928
(305) 542-6685
Source:
Evrealestate
Added: Apr 14
Changed: Nov 7
Last Checked: Nov 4 at 9:39AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,107-square-foot fourplex contains four 1-bedroom/1-bathroom units. Each residence has an oversized bedroom, an updated kitchen, a modern bathroom, separate water and electric meters, and one parking space. The building was constructed in 1955 and has a new roof. All four units are occupied.
The property is in Miami, approximately 2–3 miles from Wynwood. Maya Angelou Elementary School is directly across the street, and Georgia Jones Ayers Middle School is nearby. Other named destinations in the area include Miami International Airport, LoanDepot Park, Miami Freedom Park/Inter Miami Stadium, Downtown Miami, major highways, and transit.
The property is in Miami, approximately 2–3 miles from Wynwood. Maya Angelou Elementary School is directly across the street, and Georgia Jones Ayers Middle School is nearby. Other named destinations in the area include Miami International Airport, LoanDepot Park, Miami Freedom Park/Inter Miami Stadium, Downtown Miami, major highways, and transit.
Key Highlights
- Four 1‑bedroom/1‑bathroom units in 2,107 square feet
- Separate water and electric meters for each unit
- One parking space per residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,257
Cap Rate
5.22%
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 5.22%
Second Best
Apartment 5plus
$556.0K
$486.5K – $648.7K
NOI $38,923 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,557 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,715
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
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Miami, FL
Properties on Market for Quadplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four one-bedroom residences are occupied and have individual water and electric meters.
Where is this quadplex located?
The property is located at 3180 NW 19th Ave Miami, FL.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Four 1‑bedroom/1‑bathroom units in 2,107 square feet; Separate water and electric meters for each unit; One parking space per residence
