Quadplex with Impact
New
For Sale
$799,000
725 SW 1st Avenue, Homestead, FL 33030
Four occupied units include updated cooling systems, remodeled interiors, and dedicated parking.
Property Size2,128 SF
Price / SF$375.47
Days on Market5
Property Features for 725 SW 1st Avenue
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Cap Rate
5.5%
Highway Access
Yes
Multifamily Units
4
Tenant in Place
Yes
Building Details
Year Built
1954
Tenancy
Multi
Listing Agency:
Strike Realty LLC
(305) 330-2305
Listed By:
Gabriel Amedee · License #3388321
(305) 332-0712
Source:
Lehmannflorida
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 1:36PM
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 Strike Realty LLC
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Investment Insights
Based on property information with market context.
This 1954 quadplex contains four units, all equipped with new mini-split air-conditioning systems and impact-resistant windows. Two units have been remodeled, and the exterior has a fresh coat of paint. The property is fully occupied by long-term tenants, with no vacancy reported.
Parking includes four dedicated spaces at the front and a rear lot accommodating eight or more vehicles, RVs, or boats. The property is one block from US-1 and minutes from the Turnpike, Homestead Hospital, and City Hall. Walk Score is 60, Bike Score is 95, and Transit Score is 26.
Parking includes four dedicated spaces at the front and a rear lot accommodating eight or more vehicles, RVs, or boats. The property is one block from US-1 and minutes from the Turnpike, Homestead Hospital, and City Hall. Walk Score is 60, Bike Score is 95, and Transit Score is 26.
Key Highlights
- Four‑unit property built in 1954
- All four units have new mini‑split A/C systems and impact‑resistant windows
- Two units have been remodeled; exterior freshly painted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,473
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,460
$709.5K
Cap Rate 7%
$506,757
$506.8K
Cap Rate 9%
$394,144
$394.1K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$53.6K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$50.7K $23.81/SF
− OpEx
−$15.2K −$7.14/SF
NOI
$35.5K $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%
$709,460
Cap Rate 7%
$506,757
Cap Rate 9%
$394,144
Alternative Uses
Best Use
Multifamily LT 5
$506.8K
$443.4K – $591.2K
NOI $35,473 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$467.5K
$409.1K – $545.5K
NOI $32,727 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.08M
$944.7K – $1.26M
NOI $75,574 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units include updated cooling systems, remodeled interiors, and dedicated parking.
Where is this quadplex located?
The property is located at 725 SW 1st Avenue Homestead, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit property built in 1954; All four units have new mini‑split A/C systems and impact‑resistant windows; Two units have been remodeled; exterior freshly painted
