Fourplex with Development
520 SW Krome Ter, Homestead, FL 33030
For Sale
$1,475,000
Fourplex near Krome Avenue with development potential.
Property Size3,907 SF
Days on Market348
Property Features for 520 SW Krome Ter
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Charleemax Realtors
Listed By:
Aliette Perez · License FL #3352147
(305) 216-3433
Source:
Elliman
Added: Nov 28, 2025
Changed: Nov 10
Last Checked: Jul 15 at 8:41PM
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 Charleemax Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a fourplex located off Krome Avenue, near US-1 and downtown Homestead. Each of the four units includes 2 bedrooms and 1 bath. The property has a 40-year recertification valid through June 27, 2032. The listing includes the fourplex and two neighboring lots, offering future development potential.
Key Highlights
- Fourplex with steady rental income in a high‑growth area
- Includes two neighboring lots, expanding development possibilities
- Each unit features 2 bedrooms and 1 bath, appealing to tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,627
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,540
$1.2M
Cap Rate 7%
$866,100
$866.1K
Cap Rate 9%
$673,633
$673.6K
Market Conditions
NOI Build-Up for 3,907 SF
Gross rent
$118.1K $30.24/SF
− Vacancy
−$7.9K −$2.03/SF
EGI
$110.2K $28.21/SF
− OpEx
−$49.6K −$12.70/SF
NOI
$60.6K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,540
Cap Rate 7%
$866,100
Cap Rate 9%
$673,633
Alternative Uses
Best Use
Apartment 5plus
$866.1K
$757.8K – $1.01M
NOI $60,627 @ 7.0% cap · market cap 4.11%
Second Best
Multifamily LT 5
$655.3K
$573.4K – $764.5K
NOI $45,870 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,346 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,600
Businesses Nearby
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Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Miami-Dade County, FL
Properties on Market for Quadplexes in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex near Krome Avenue with development potential.
Where is this quadplex located?
The property is located at 520 SW Krome Ter Homestead, FL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Fourplex with steady rental income in a high‑growth area; Includes two neighboring lots, expanding development possibilities; Each unit features 2 bedrooms and 1 bath, appealing to tenants
