Miami Multifamily
For Sale
$610,000
4717-19 NW 1st St, Miami, FL 33126
Multifamily property with multiple living units and access to shopping, dining, schools, and major roadways.
Property Size1,137 SF
Days on Market14
Property Features for 4717-19 NW 1st St
General Information
Standard status
Active
Size
1,137 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
leaving room for upgrades and improvements
Additional Details
Gross Income
$48,000
Taxes and HOA fees
Annual Taxes
$6,971
Building Details
Building Size
1,137 SF
Year Built
1937
Listing Agency:
EXP Realty LLC
Listed By:
George Cabezas · License #3065556
(786) 269-8063
Source:
Marcelosteinmander
Added: Sep 13
Changed: Sep 15
Last Checked: Sep 24 at 4:57PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
Located at 4717-19 NW 1st Street in Miami, this multifamily property contains multiple living units and is being offered in its existing as-is condition. The property was built in 1937 and carries zoning designation 5700.
The surrounding area includes shopping, dining, schools, major roadways, and Miami amenities. Showings are available by appointment, and buyers are responsible for independently verifying unit count, square footage, zoning, permits, and permitted uses.
The surrounding area includes shopping, dining, schools, major roadways, and Miami amenities. Showings are available by appointment, and buyers are responsible for independently verifying unit count, square footage, zoning, permits, and permitted uses.
Key Highlights
- Multiple living units at 4717‑19 NW 1st Street
- Built in 1937
- Zoned 5700
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
$21,004
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
3.44%
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%
$420,080
$420.1K
Cap Rate 7%
$300,057
$300.1K
Cap Rate 9%
$233,378
$233.4K
Market Conditions
NOI Build-Up for 1,137 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
$40.9K $36.00/SF
− Vacancy
−$2.7K −$2.41/SF
EGI
$38.2K $33.59/SF
− OpEx
−$17.2K −$15.11/SF
NOI
$21.0K $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 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%
$420,080
Cap Rate 7%
$300,057
Cap Rate 9%
$233,378
Alternative Uses
Best Use
Apartment 5plus
$300.1K
$262.6K – $350.1K
NOI $21,004 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$767.5K
$671.6K – $895.4K
NOI $53,724 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,345
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
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?
Multifamily property - Multifamily property with multiple living units and access to shopping, dining, schools, and major roadways.
Where is this multifamily property located?
The property is located at 4717-19 NW 1st St Miami, FL.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Multiple living units at 4717‑19 NW 1st Street; Built in 1937; Zoned 5700
