Vacant Corner-Lot
New
For Sale
$679,000
3745 NW 22nd Ct, Miami, FL 33142
Residential Income, Miami, FL
Property Size1,824 SF
Lot Size0.14 Acres
Price / SF$372.26
Days on Market3
Property Features for 3745 NW 22nd Ct
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
6107
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 1
Parking
4
Subdivision
GARDEN CITY
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-22-008-0890
Size
1,824 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
22 53 41 GARDEN CITY PB 5-73 LOT 30 BLK 4 LOT SIZE 6210 SQUARE FEET OR 18740-1815 08 1999 4
Tax Annual Amount
9663
Legal Description
22 53 41 GARDEN CITY PB 5-73 LOT 30 BLK 4 LOT SIZE 6210 SQUARE FEET OR 18740-1815 08 1999 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile
Building materials
CBS (Concrete Block Structure), Block, Stucco
Roof type
Concrete
Architectural style
Other
Buildings
1
Listing Agency:
LoKation
(954) 545-5583
Listed By:
David Vasquez · License #3548764
(973) 594-2400
Added: Oct 26
Last Checked: Oct 28 at 7:06PM
MLS# A12102335
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.
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Investment Insights
Based on property information with market context.
This one-story fourplex was built in 1964 and has concrete-block construction, tile flooring, and central air. The property is vacant and needs rehabilitation. Public sewer serves the site, and cable is available.
The approximately 6,200-square-foot corner lot has frontage on NW 22nd Court and NW 38th Street, with rear alley access. T5-L zoning is identified in preliminary engineer research; a concept for up to 9 total units through a vertical addition remains subject to City verification, design, structural feasibility, parking relief, and permits. The concept is not approved.
The approximately 6,200-square-foot corner lot has frontage on NW 22nd Court and NW 38th Street, with rear alley access. T5-L zoning is identified in preliminary engineer research; a concept for up to 9 total units through a vertical addition remains subject to City verification, design, structural feasibility, parking relief, and permits. The concept is not approved.
Key Highlights
- Four‑unit residential building on an approximately 6,200‑square‑foot corner lot
- Vacant property requiring rehabilitation
- Frontage on NW 22nd Court and NW 38th Street, plus rear alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,581
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,620
$731.6K
Cap Rate 7%
$522,586
$522.6K
Cap Rate 9%
$406,456
$406.5K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$55.8K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$52.3K $28.65/SF
− OpEx
−$15.7K −$8.60/SF
NOI
$36.6K $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%
$731,620
Cap Rate 7%
$522,586
Cap Rate 9%
$406,456
Alternative Uses
Best Use
Multifamily LT 5
$522.6K
$457.3K – $609.7K
NOI $36,581 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$481.4K
$421.2K – $561.6K
NOI $33,695 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,185 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The four-unit residential property is vacant and requires rehabilitation.
Where is this quadplex located?
The property is located at 3745 NW 22nd Ct Miami, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Four‑unit residential building on an approximately 6,200‑square‑foot corner lot; Vacant property requiring rehabilitation; Frontage on NW 22nd Court and NW 38th Street, plus rear alley access
