North Miami Quadplex Investment
For Sale
Contact for pricing
511 NW 133rd St, North Miami, FL 33168
Well-maintained quadplex in North Miami with strong rental potential.
Property Size1,966 SF
Price / SF$427.26
Days on Market634
Property Features for 511 NW 133rd St
General Information
Standard status
Active
Size
1,966 SF
Total Parking Spaces
5
Property subtype
Multifamily
Building Details
Year Built
1947
Stories
1
Listing Agency:
Lifestyle International Realty
Listed By:
Serge Saintil · License #3417238
(305) 757-1700
Source:
Crexi
Added: Jan 23, 2025
Changed: Oct 3
Last Checked: Oct 16 at 8:34AM
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 Lifestyle International Realty
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Investment Insights
Based on property information with market context.
This well-maintained quadplex is located in the North Miami area, offering rental potential and return on investment. The property is suitable for investors or owner-occupants seeking to generate rental income. It is conveniently located near major roads with access to I-95, and is in proximity to elementary and high schools, as well as a public park. The property has a total size of 1966 square feet. Unit #1 and Unit #3 are currently month to month. Unit #2 lease ends in September 2025, and Unit #4 lease ends in October 2025.
Key Highlights
- Strong rental income potential in a highly sought‑after North Miami location.
- Excellent return on investment opportunity.
- Convenient access to I‑95 and major roads.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,773
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,460
$655.5K
Cap Rate 7%
$468,186
$468.2K
Cap Rate 9%
$364,144
$364.1K
Market Conditions
NOI Build-Up for 1,966 SF
Gross rent
$49.5K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$46.8K $23.81/SF
− OpEx
−$14.0K −$7.14/SF
NOI
$32.8K $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%
$655,460
Cap Rate 7%
$468,186
Cap Rate 9%
$364,144
Alternative Uses
Best Use
Multifamily LT 5
$468.2K
$409.7K – $546.2K
NOI $32,773 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$431.9K
$378.0K – $503.9K
NOI $30,236 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$997.4K
$872.8K – $1.16M
NOI $69,820 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
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
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex in North Miami with strong rental potential.
Where is this quadplex located?
The property is located at 511 NW 133rd St North Miami, FL.
What is the asking price?
The asking price for this property is $839,999.
What are key features of this property?
This property features: Strong rental income potential in a highly sought‑after North Miami location.; Excellent return on investment opportunity.; Convenient access to I‑95 and major roads.
