4-Unit
New
For Sale
$1,195,000
3221 W Flagler St, Miami, FL 33135
Each residence has one bedroom, one bathroom, and a kitchen.
Property Size1,874 SF
Days on Market5
Property Features for 3221 W Flagler St
General Information
Standard status
Active
Size
1,874 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Auburndale
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,503
Building Details
Building Size
1,874 SF
Year Built
1957
Buildings
1
Listing Agency:
Pinnacle Realty of Florida Corp
Listed By:
Roberto Claro · License #3570526
(786) 298-8214
Source:
Vanessafrankmiami
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 12:16PM
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 Pinnacle Realty of Florida Corp
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Investment Insights
Based on property information with market context.
Built in 1957, this four-unit residential property has a consistent layout: one bedroom and one bathroom in each unit. The kitchens are in very good condition, and the bathrooms are well maintained.
The property is on W Flagler St in Miami, near restaurants, major expressways, and everyday amenities.
The property is on W Flagler St in Miami, near restaurants, major expressways, and everyday amenities.
Key Highlights
- Four units, each with 1 bedroom and 1 bathroom
- Built in 1957
- Kitchens are in very good condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,584
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,680
$751.7K
Cap Rate 7%
$536,914
$536.9K
Cap Rate 9%
$417,600
$417.6K
Market Conditions
NOI Build-Up for 1,874 SF
Gross rent
$57.3K $30.60/SF
− Vacancy
−$3.7K −$1.95/SF
EGI
$53.7K $28.65/SF
− OpEx
−$16.1K −$8.60/SF
NOI
$37.6K $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%
$751,680
Cap Rate 7%
$536,914
Cap Rate 9%
$417,600
Alternative Uses
Best Use
Multifamily LT 5
$536.9K
$469.8K – $626.4K
NOI $37,584 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$494.6K
$432.7K – $577.0K
NOI $34,619 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$1.26M
$1.11M – $1.48M
NOI $88,547 @ 7.0% cap · market cap 7.41%
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
3,207
Businesses Nearby
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Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
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 - Each residence has one bedroom, one bathroom, and a kitchen.
Where is this quadplex located?
The property is located at 3221 W Flagler St Miami, FL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Four units, each with 1 bedroom and 1 bathroom; Built in 1957; Kitchens are in very good condition
