Fourplex with Shared
903 80th St, Miami Beach, FL 33141
For Sale
$1,379,000
All four residences are occupied, with outdoor space and parking available at the property.
Property Size2,685 SF
Price / SF$513.59
Days on Market24
Property Features for 903 80th St
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Amenities
shared backyard
Building Details
Year Built
Listing Agency:
Top Tier International Realty, LLC.
(786) 202-3720
Listed By:
Rachel Gonzalez · License #3582001
(786) 318-7583
Source:
Okklarealty
Added: Oct 15
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Top Tier International Realty, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Miami Beach fourplex contains four occupied units and totals 2,685 square feet. Built in 1950, the property has a new roof and a backyard used as shared outdoor space, with the option to allocate portions to individual residences.
Parking is available in front of the building, and street parking is also available. Connections in the backyard are set up for coin-operated laundry equipment, although no machines are installed.
Parking is available in front of the building, and street parking is also available. Connections in the backyard are set up for coin-operated laundry equipment, although no machines are installed.
Key Highlights
- Fourplex with all four units occupied
- 2,685‑square‑foot property built in 1950
- New roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,758
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,160
$895.2K
Cap Rate 7%
$639,400
$639.4K
Cap Rate 9%
$497,311
$497.3K
Market Conditions
NOI Build-Up for 2,685 SF
Gross rent
$67.7K $25.20/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$63.9K $23.81/SF
− OpEx
−$19.2K −$7.14/SF
NOI
$44.8K $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%
$895,160
Cap Rate 7%
$639,400
Cap Rate 9%
$497,311
Alternative Uses
Best Use
Multifamily LT 5
$639.4K
$559.5K – $746.0K
NOI $44,758 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$589.9K
$516.2K – $688.2K
NOI $41,293 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,355 @ 7.0% cap · market cap 6.91%
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
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Miami Beach, FL
Properties on Market for Quadplexes in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with outdoor space and parking available at the property.
Where is this quadplex located?
The property is located at 903 80th St Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,379,000.
What are key features of this property?
This property features: Fourplex with all four units occupied; 2,685‑square‑foot property built in 1950; New roof
