Two-Story Multifamily
For Sale
$3,990,000
36 NE 65th St, Miami, FL 33138
MULTI_FAMILY - Other - Miami, FL
Property Size15,996 SF
Price / SF$249.44
Days on Market87
Property Features for 36 NE 65th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3900
Parking
20
Subdivision
LIBERTY PK AMD PL 1ST ADD
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
01-31-13-019-0210
Size
15,996 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
13 53 41 LIBERTY PK AMD PL 1ST ADD PB 6-86 LOTS 53-54-67 & 68 LOT SIZE IRREGULAR OR 21176-1515 04 2003 (3) COC 21852-2039 09 2003 1
Tax Annual Amount
70741
Legal Description
13 53 41 LIBERTY PK AMD PL 1ST ADD PB 6-86 LOTS 53-54-67 & 68 LOT SIZE IRREGULAR OR 21176-1515 04 2003 (3) COC 21852-2039 09 2003 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1922
Floors in Building
2
Flooring type
Vinyl
Building materials
Block
Roof type
Flat
Architectural style
Other
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Arthur Porosoff · License #3160379
(305) 209-8866
Added: May 6
Changed: Jul 18
Last Checked: Jul 31 at 10:06PM
MLS# A11945698
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 two-story multifamily building offers a unit mix designed to serve affordable and workforce housing demand. The property is positioned for interior renovations, with the stated goal of rent optimization since current rents remain below market averages.
The building is located at 36 NE 65th St in Miami, Florida (Miami-Dade County), described as just east of North Miami Avenue. The remarks note proximity to the Miami Design District, Wynwood, and Midtown, providing access to major employment centers, retail, and cultural amenities. Little Haiti is also described as experiencing rapid growth and redevelopment, supported by local and national investment.
Overall, the offering is presented as an income-producing multifamily asset, with value-add opportunities tied to interior improvements and adjustments to rental performance.
The building is located at 36 NE 65th St in Miami, Florida (Miami-Dade County), described as just east of North Miami Avenue. The remarks note proximity to the Miami Design District, Wynwood, and Midtown, providing access to major employment centers, retail, and cultural amenities. Little Haiti is also described as experiencing rapid growth and redevelopment, supported by local and national investment.
Overall, the offering is presented as an income-producing multifamily asset, with value-add opportunities tied to interior improvements and adjustments to rental performance.
Key Highlights
- Two‑story multifamily building with block construction and flat roof
- Central heating and central air conditioning
- Vinyl flooring
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $489.5k | $30.60 |
| − Vacancy | −$31.2k | −$1.95 |
| EGI | $458.3k | $28.65 |
| − OpEx | −$137.5k | −$8.60 |
| NOI | $320.8k | $20.06 |
15,996 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$4.58M
$4.01M – $5.35M
NOI $320,809 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$4.22M
$3.69M – $4.93M
NOI $295,501 @ 7.0% cap · market cap 7.41%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-story multifamily asset with a unit mix designed for affordable and workforce housing.
Where is this quadplex 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: Two‑story multifamily building with block construction and flat roof; Central heating and central air conditioning; Vinyl flooring
