32-Unit Apartment
900 NE 18th Ave, Homestead, FL 33033
For Sale
New
$5,440,000
Residential Income, Homestead, FL
Property Size27,040 SF
Price / SF$201.18
Days on Market3
Property Features for 900 NE 18th Ave
General Information
Property type
Property subtype
Zoning description
Parking
Subdivision
Lot features
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
BRS
(786) 456-3668
Listed By:
Felipe Serrano · License FL #3205439
(305) 794-7107
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 11 at 12:06AM
MLS# A12121006
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 32-unit apartment property at 900 NE 18th Ave contains 27,040 square feet and dates to 1972. The building has brick and block construction, tile flooring, wall-furnace heating, and window or wall/window cooling units. Public sewer service and cable availability are listed.
The property sits near Campbell Drive, a commercial corridor in Homestead, and is approximately one mile from both Florida's Turnpike and US-1. Shopping, dining, employment centers, and everyday services are identified in the surrounding area.
A separate 18-unit building at 880 NE 18th Ave is also available and may be acquired with this property or separately.
The property sits near Campbell Drive, a commercial corridor in Homestead, and is approximately one mile from both Florida's Turnpike and US-1. Shopping, dining, employment centers, and everyday services are identified in the surrounding area.
A separate 18-unit building at 880 NE 18th Ave is also available and may be acquired with this property or separately.
Key Highlights
- 32 residential units
- 27,040 square feet; built in 1972
- Brick and block construction with tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$419,597
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,391,940
$8.4M
Cap Rate 7%
$5,994,243
$6.0M
Cap Rate 9%
$4,662,189
$4.7M
Market Conditions
NOI Build-Up for 27,040 SF
Gross rent
$817.7K $30.24/SF
− Vacancy
−$54.8K −$2.03/SF
EGI
$762.9K $28.21/SF
− OpEx
−$343.3K −$12.70/SF
NOI
$419.6K $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%
$8,391,940
Cap Rate 7%
$5,994,243
Cap Rate 9%
$4,662,189
Alternative Uses
Best Use
Apartment 5plus
$5.99M
$5.24M – $6.99M
NOI $419,597 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.77M
$12.92M – $17.23M
NOI $1,033,612 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
32
Residential units
Yes
Highway 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 property is roughly one mile from Florida's Turnpike and US-1, providing access to regional road connections.
Where is this apartment building located?
The property is located at 900 NE 18th Ave Homestead, FL.
What is the asking price?
The asking price for this property is $5,440,000.
What are key features of this property?
This property features: 32 residential units; 27,040 square feet; built in 1972; Brick and block construction with tile flooring
