Remodeled Quadplex With
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 Market48
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
Window Unit(s), Central Air, 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: Oct 13
Last Checked: Oct 13 at 7:06PM
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 / Yr
$54,827
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Multifamily in South region
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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
