7-Unit Apartment
For Sale
$1,650,000
842 SW 12th Ave, Miami, FL 33130
T4-R zoning applies to this multifamily property near SW 8th Street.
Property Size3,051 SF
Price / SF$540.81
Days on Market149
Property Features for 842 SW 12th Ave
General Information
Standard status
Active
Size
3,051 SF
Property subtype
Quadruplex
Zoning
T4-R
Site & Location
Neighborhood
East Little Havana
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$9,360
Building Details
Building Size
3,051 SF
Year Built
1935
Listing Agency:
One Stop Shop Realty LLC
Listed By:
Wendy Alvarez Sanchez · License #3635819
(305) 783-7911
Source:
Emporiore
Added: Jun 10
Changed: Nov 2
Last Checked: Nov 4 at 7:02AM
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 One Stop Shop Realty LLC
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Investment Insights
Based on property information with market context.
This 7-unit multifamily property at 842 SW 12th Ave contains 3,051 square feet and was built in 1935. The site is zoned T4-R.
The property is near SW 8th Street and within the broader area of Miami’s medical districts, Downtown, Brickell, Key Biscayne, Coconut Grove, Coral Gables, the Design District, and Miami Beach. Occupant access is by appointment only.
The property is near SW 8th Street and within the broader area of Miami’s medical districts, Downtown, Brickell, Key Biscayne, Coconut Grove, Coral Gables, the Design District, and Miami Beach. Occupant access is by appointment only.
Key Highlights
- Seven existing apartment units
- 3,051 square feet
- T4‑R zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,362
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,240
$1.1M
Cap Rate 7%
$805,171
$805.2K
Cap Rate 9%
$626,244
$626.2K
Market Conditions
NOI Build-Up for 3,051 SF
Gross rent
$109.8K $36.00/SF
− Vacancy
−$7.4K −$2.41/SF
EGI
$102.5K $33.59/SF
− OpEx
−$46.1K −$15.11/SF
NOI
$56.4K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,240
Cap Rate 7%
$805,171
Cap Rate 9%
$626,244
Alternative Uses
Best Use
Apartment 5plus
$805.2K
$704.5K – $939.4K
NOI $56,362 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $144,161 @ 7.0% cap · market cap 8.74%
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
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
3,291
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
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?
Apartment building - T4-R zoning applies to this multifamily property near SW 8th Street.
Where is this apartment building located?
The property is located at 842 SW 12th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Seven existing apartment units; 3,051 square feet; T4‑R zoning
