4-Unit Multifamily
903 80th Street, Miami Beach, FL 33141
For Sale
$1,379,000
All four residences are occupied, with a shared backyard and connections for a coin-operated washer and dryer.
Property Size2,685 SF
Days on Market24
Property Features for 903 80th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
backyard
Building Details
Building Size
Year Built
Listing Agency:
Top Tier International Realty, LLC.
Listed By:
Rachel Gonzalez · License #3582001
(786) 318-7583
Source:
Silverleafrealtygroup
Added: Oct 15
Changed: Nov 6
Last Checked: Nov 6 at 3:01PM
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.
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Investment Insights
Based on property information with market context.
Built in 1950, this four-unit multifamily property has all four residences occupied. The backyard currently serves as shared outdoor space and could be arranged for individual unit use. Connections for a coin-operated washer and dryer are present in the backyard; the machines are not installed.
One parking space is available in front of the property, and street parking is also available. The property is at 903 80th Street in Miami Beach.
One parking space is available in front of the property, and street parking is also available. The property is at 903 80th Street in Miami Beach.
Key Highlights
- All 4 units are occupied
- Built in 1950
- Shared backyard with flexibility to designate areas for individual units
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
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
$434,500
Median Home Value
Market
Average Price Trend$/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 a shared backyard and connections for a coin-operated washer and dryer.
Where is this quadplex located?
The property is located at 903 80th Street 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: All 4 units are occupied; Built in 1950; Shared backyard with flexibility to designate areas for individual units
