Historic Quadplex with
620 SW 13th Ave, Miami, FL 33135
For Sale
$1,100,000
Residential Income, Miami, FL
Property Size1,980 SF
Price / SF$555.56
Days on Market98
Property Features for 620 SW 13th Ave
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
RE/MAX Advance Realty II · RE/MAX International
(305) 251-2127
Listed By:
Haraum Mellado · License FL #3355465
(305) 297-6223
Added: Aug 4
Changed: Oct 26
Last Checked: Nov 9 at 8:06PM
MLS# A12065263
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.
Built in 1926, this 1,980-square-foot quadplex contains four residential units. Two apartments feature two bedrooms and one bathroom, while the remaining two offer one bedroom and one bathroom each. Every unit has a reserved parking space. The building includes block construction, ceramic tile flooring, shingle roofing, and wall or window air-conditioning units.
The property is located within walking distance of Little Havana in Miami. T5-0 zoning supports short-term rental use and redevelopment for up to seven units, as stated in the property information. Cable service is available.
The property is located within walking distance of Little Havana in Miami. T5-0 zoning supports short-term rental use and redevelopment for up to seven units, as stated in the property information. Cable service is available.
Key Highlights
- Four residential units totaling 1,980 square feet
- Unit mix includes two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- Each residence includes a reserved parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,710
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,200
$794.2K
Cap Rate 7%
$567,286
$567.3K
Cap Rate 9%
$441,222
$441.2K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$60.6K $30.60/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$56.7K $28.65/SF
− OpEx
−$17.0K −$8.60/SF
NOI
$39.7K $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%
$794,200
Cap Rate 7%
$567,286
Cap Rate 9%
$441,222
Alternative Uses
Best Use
Multifamily LT 5
$567.3K
$496.4K – $661.8K
NOI $39,710 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$522.5K
$457.2K – $609.6K
NOI $36,577 @ 7.0% cap · market cap 3.33%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,556 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,618
Businesses Nearby
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Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Miami, FL
Properties on Market for Quadplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit building with reserved parking and a mix of one- and two-bedroom residences.
Where is this quadplex located?
The property is located at 620 SW 13th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four residential units totaling 1,980 square feet; Unit mix includes two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Each residence includes a reserved parking space
