50-Unit, Two-Building Apartment
880 NE 18th Ave, Homestead, FL 33033
For Sale
New
$8,500,000
Residential Income, Homestead, FL
Property Size38,375 SF
Price / SF$221.50
Days on Market3
Property Features for 880 NE 18th Ave
General Information
Property type
Property subtype
Zoning description
Parking
Subdivision
Lot features
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
BRS
(786) 456-3668
Listed By:
Felipe Serrano · License FL #3205439
(305) 794-7107
Added: Nov 9
Last Checked: Nov 11 at 12:06AM
MLS# A12121016
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.
This 50-unit apartment property comprises two buildings totaling 38,375 square feet. Built in 1972, the buildings have concrete-block construction, tile flooring, flat roofs, wall furnaces, and wall or window air-conditioning units. Public sewer serves the property, and cable is available.
The site is just off Campbell Drive, a primary commercial corridor in Homestead. Florida’s Turnpike and US-1 are each approximately one mile away.
The site is just off Campbell Drive, a primary commercial corridor in Homestead. Florida’s Turnpike and US-1 are each approximately one mile away.
Key Highlights
- 50 residential units across two buildings
- 38,375 square feet of building area
- Approximately one mile from Florida’s Turnpike and US‑1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$595,490
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,909,800
$11.9M
Cap Rate 7%
$8,507,000
$8.5M
Cap Rate 9%
$6,616,556
$6.6M
Market Conditions
NOI Build-Up for 38,375 SF
Gross rent
$1.16M $30.24/SF
− Vacancy
−$77.8K −$2.03/SF
EGI
$1.08M $28.21/SF
− OpEx
−$487.2K −$12.70/SF
NOI
$595.5K $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%
$11,909,800
Cap Rate 7%
$8,507,000
Cap Rate 9%
$6,616,556
Alternative Uses
Best Use
Apartment 5plus
$8.51M
$7.44M – $9.92M
NOI $595,490 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.96M
$18.34M – $24.45M
NOI $1,466,895 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
50
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Explore this area
Business Placement
Demographics for 33033, FL
66,871
Population
21,426
Households
3.1
Avg Household Size
34
Median Age
23%
College-Educated
79%
High-School Grad
22.3 sq mi
ZIP Area
2,999
Density / Sq Mi
$66,662
Median Household Income
$37,018
Median Earnings
$1,648
Median Rent
$364,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Miami-Dade County, FL
Properties on Market for Apartment buildings in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The residential complex includes a varied unit mix and sits near Homestead’s commercial corridor.
Where is this apartment building located?
The property is located at 880 NE 18th Ave Homestead, FL.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 50 residential units across two buildings; 38,375 square feet of building area; Approximately one mile from Florida’s Turnpike and US‑1
