Remodeled Quadplex With
New
For Sale
$1,390,000
340 NE 125th St, North Miami, FL 33161
Residential Income, North Miami, FL
Property Size3,289 SF
Lot Size0.25 Acres
Price / SF$422.62
Days on Market2
Property Features for 340 NE 125th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3800
Parking
10
Subdivision
GRIFFING BISCAYNE PK ESTA
Lot features
< 1/4 Acre
Directions
Please use Google Maps.
Standard status
Active
APN
06-22-30-028-0160
Size
3,289 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GRIFFING BISCAYNE PK ESTS BLKS 6-A & 40 PB 8-119 LOT 4 BLK 40 LOT SIZE 11250 SQUARE FEET OR 16177-0622 TO 28 1293 4
Tax Annual Amount
16411
Legal Description
GRIFFING BISCAYNE PK ESTS BLKS 6-A & 40 PB 8-119 LOT 4 BLK 40 LOT SIZE 11250 SQUARE FEET OR 16177-0622 TO 28 1293 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1927
Floors in Building
2
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
John Salt · License #3270043
(786) 485-0888
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 28 at 9:06PM
MLS# A12075717
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit property includes two buildings: a remodeled three-bedroom, two-bath front residence and a rear triplex. The improvements total 3,289 square feet on a quarter-acre site and include separate storage, a large carport, and 10 parking spaces. The 1927 block construction features updated plumbing, electrical service, mechanical systems, impact glass, kitchens, baths, fixtures, and stainless appliances. Flooring includes laminate and tile, with central heating and a combination of central and window or wall-mounted cooling.
The property is located at 340 NE 125th St in North Miami, within walking distance of downtown restaurants, shops, the Museum of Contemporary Art, and yoga facilities. Whole Foods is stated as 4 minutes away, Wynwood 9 minutes, the beach and Bal Harbour 10 minutes, and Miami International Airport 12 minutes. The site carries R-6 zoning, a stated 110+ feet height limit, and Opportunity Zone designation.
The property is located at 340 NE 125th St in North Miami, within walking distance of downtown restaurants, shops, the Museum of Contemporary Art, and yoga facilities. Whole Foods is stated as 4 minutes away, Wynwood 9 minutes, the beach and Bal Harbour 10 minutes, and Miami International Airport 12 minutes. The site carries R-6 zoning, a stated 110+ feet height limit, and Opportunity Zone designation.
Key Highlights
- Four total units across two buildings, including a 3‑bedroom, 2‑bath front residence and rear triplex
- 3,289 SF total on a quarter‑acre site
- 10 parking spaces plus a large carport and separate storage
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
$54,827
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
3.94%
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%
$1,096,540
$1.1M
Cap Rate 7%
$783,243
$783.2K
Cap Rate 9%
$609,189
$609.2K
Market Conditions
NOI Build-Up for 3,289 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
$82.9K $25.20/SF
− Vacancy
−$4.6K −$1.39/SF
EGI
$78.3K $23.81/SF
− OpEx
−$23.5K −$7.14/SF
NOI
$54.8K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$1,096,540
Cap Rate 7%
$783,243
Cap Rate 9%
$609,189
Alternative Uses
Best Use
Multifamily LT 5
$783.2K
$685.3K – $913.8K
NOI $54,827 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$722.6K
$632.3K – $843.1K
NOI $50,583 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,805 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,751
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two buildings combine a remodeled front residence with a rear triplex, plus separate storage and public water and sewer.
Where is this quadplex located?
The property is located at 340 NE 125th St North Miami, FL.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Four total units across two buildings, including a 3‑bedroom, 2‑bath front residence and rear triplex; 3,289 SF total on a quarter‑acre site; 10 parking spaces plus a large carport and separate storage
