8213 NE 1st Ave, Miami, FL 33138

Building Details

Building Size 2,556 SF More

Year Built 1957 More

Units 4 More

Listing Agency: The Alpha Commercial Advisors LLC s***@thealphacomm.com Show Phone

Listed By: Jamie Maniscalco · License #3391005 Show Phone

Source: Futureoptionrealty

Added: Oct 23 Changed: Nov 7 Last Checked: Nov 8 at 3:43PM

Report an Issue

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 The Alpha Commercial Advisors LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 2,556-square-foot property contains four apartments: two with one bedroom and one bathroom, and two with two bedrooms and two bathrooms. The roof was replaced in 2023; the building dates to 1957.

The property is at 8213 NE 1st Ave in Miami. It is described as adjacent to the NE 82nd Street connector corridor, with access between I-95 and the Little River business district. Biscayne Boulevard, NE 79th Street, and NE 2nd Avenue are identified as nearby transit hubs.

Key Highlights

• Four apartments totaling 2,556 square feet
• Unit mix includes two 1‑bedroom/1‑bath units and two 2‑bedroom/2‑bath units
• Roof replaced in 2023

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,262

Cap Rate

3.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,025,240 $1.0M

Cap Rate 7%

$732,314 $732.3K

Cap Rate 9%

$569,578 $569.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,556 SF

Gross rent

$78.2K $30.60/SF

− Vacancy

−$5.0K −$1.95/SF

EGI

$73.2K $28.65/SF

− OpEx

−$22.0K −$8.60/SF

NOI

$51.3K $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%

$1,025,240

Cap Rate 7%

$732,314

Cap Rate 9%

$569,578

Alternative Uses

Best Use

Multifamily LT 5

$732.3K

$640.8K – $854.4K (±1% cap)

NOI $51,262 @ 7.0% cap · market cap 3.96%

Second Best

Apartment 5plus

$674.5K

$590.2K – $787.0K (±1% cap)

NOI $47,218 @ 7.0% cap · market cap 3.65%

Theoretical Best

Specialty Retail

$1.73M

$1.51M – $2.01M (±1% cap)

NOI $120,772 @ 7.0% cap · market cap 9.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Suggested Use

Top Pick Dental Office Electrical Service Locksmith Nursing Home Butcher Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,602

Businesses Nearby

Explore this area Business Placement

Demographics for 33138, FL

27,601

Population

14,310

Households

1.9

Avg Household Size

43

Median Age

47%

College-Educated

87%

High-School Grad

4.2 sq mi

ZIP Area

6,572

Density / Sq Mi

$71,518

Median Household Income

$52,853

Median Earnings

$1,647

Median Rent

$686,300

Median Home Value

Market

Average Price Trend$/SF for Quadplexes in Miami, FL

$521 Jul

$552 Aug

$562 Sep

$504 Oct

Properties on Market for Quadplexes in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Updated Furnished Quadplex

1520 SW 22nd Ave, Miami, FL 33145

$1,298,000

2,484 SF

View details

Renovated Four-Unit Residential Property

53 NE 56th St, Miami, FL 33137

$1,290,000

View details

Quadplex with Assisted Living Facility

17010 SW 100th Ave, Miami, FL 33157

$1,200,000

View details

4-Unit Quadplex

416 NW 58th Ave, Miami, FL 33126

$1,150,000

2,624 SF

View details

Fourplex Apartment Building

27 NE 60th Ter, Miami, FL 33137

$1,300,000

2,804 SF

View details

4-Unit Miami Quadplex

922 NW 2nd St, Miami, FL 33128

$1,350,000

0.14 Acres

View details

Fourplex with Two-Bedroom Units

1849 NW 35th St, Miami, FL 33142

$1,100,000

View details

Fully Renovated Fourplex

529 SW 3rd St, Miami, FL 33130

$1,449,000

2,730 SF

View details

Turnkey Fourplex with Central A/C

1419 SW 22nd Ave, Miami, FL 33145

$1,455,000

View details

Updated 4-Unit Quadplex

414 NW 53rd St, Miami, FL 33127

$1,500,000

2,752 SF

View details

Four-Unit Quadplex with Pool Area

800 NE 85th St, Miami, FL 33138

$1,500,000

2,358 SF

View details

Turnkey Fourplex Investment

11775 SW 223rd St, Miami, FL 33170

$970,000

View details

Frequently Asked Questions

What type of property is this?

Quadplex - Four apartments offer a mix of one- and two-bedroom floor plans.

Where is this quadplex located?

The property is located at 8213 NE 1st Ave Miami, FL.

What is the asking price?

The asking price for this property is $1,295,000.

What are key features of this property?

This property features: Four apartments totaling 2,556 square feet; Unit mix includes two 1‑bedroom/1‑bath units and two 2‑bedroom/2‑bath units; Roof replaced in 2023