Two-Story Multifamily
For Sale
$3,990,000
36 NE 65th St, Miami, FL 33138
Two-level apartment property with a varied unit configuration in Miami’s Little Haiti area.
Property Size15,996 SF
Price / SF$249.44
Days on Market271
Property Features for 36 NE 65th St
General Information
Standard status
Active
Size
15,996 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$70,741
Building Details
Building Size
15,996 SF
Year Built
1922
Stories
2
Listing Agency:
Compass Florida, LLC
Listed By:
Arthur Porosoff · License #3160379
(305) 209-8866
Source:
Casacollectiongroup
Added: Jan 14
Changed: Sep 28
Last Checked: Oct 11 at 10:59AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This 15,996-square-foot multifamily property is arranged across two stories and offers a varied apartment mix. The building is located at 36 NE 65th St in Miami, within the Little Haiti area.
The property sits east of North Miami Avenue, with access to the Miami Design District, Wynwood, and Midtown. These nearby districts provide connections to employment, retail, and cultural destinations. The surrounding context includes ongoing redevelopment and investment activity in Little Haiti.
The property sits east of North Miami Avenue, with access to the Miami Design District, Wynwood, and Midtown. These nearby districts provide connections to employment, retail, and cultural destinations. The surrounding context includes ongoing redevelopment and investment activity in Little Haiti.
Key Highlights
- 15,996‑square‑foot multifamily building
- Two‑story apartment property
- Varied unit mix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$295,501
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,910,020
$5.9M
Cap Rate 7%
$4,221,443
$4.2M
Cap Rate 9%
$3,283,344
$3.3M
Market Conditions
NOI Build-Up for 15,996 SF
Gross rent
$575.9K $36.00/SF
− Vacancy
−$38.6K −$2.41/SF
EGI
$537.3K $33.59/SF
− OpEx
−$241.8K −$15.11/SF
NOI
$295.5K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,910,020
Cap Rate 7%
$4,221,443
Cap Rate 9%
$3,283,344
Alternative Uses
Best Use
Apartment 5plus
$4.22M
$3.69M – $4.93M
NOI $295,501 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.80M
$9.45M – $12.60M
NOI $755,818 @ 7.0% cap · market cap 18.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Two-level apartment property with a varied unit configuration in Miami’s Little Haiti area.
Where is this multifamily property located?
The property is located at 36 NE 65th St Miami, FL.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: 15,996‑square‑foot multifamily building; Two‑story apartment property; Varied unit mix
