Five-Unit Multifamily
For Sale
$1,350,000
Miami, FL 33127, Miami, FL 33127
Residential Income, Miami, FL
Property Size3,575 SF
Lot Size0.15 Acres
Price / SF$377.62
Days on Market49
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3900
Bedrooms
8
Full bathrooms
5
Rooms
Bedroom 1, Bedroom 8, Bedroom 6, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 4, Bathroom 4, Bathroom 5, Bathroom 2, Bedroom 5, Bedroom 3
Parking
10
Lot features
< 1/4 Acre
Subdivision
EDEN PARK
Standard status
Active
Size
3,575 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12053
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1937
Floors in Building
2
Flooring type
Tile
Architectural style
Other
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Juliana Yepes LLC · License #3160991
(305) 896-8358
Added: Aug 26
Changed: Oct 10
Last Checked: Oct 13 at 8:06AM
MLS# A12077881
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.
Investment Insights
Based on property information with market context.
This 3,575-square-foot multifamily property contains five units: four apartments with two bedrooms and one bathroom each, plus a detached, legal residence with two bedrooms and two bathrooms. One unit is vacant. The building dates to 1937, and the site measures approximately 6,534 square feet. The property is zoned T4-R and has five separate electric meters.
The property is in Miami’s Allapattah neighborhood, near Wynwood, the Miami Health District, Downtown, SR-836, I-95, and Miami International Airport. An adjacent property at 765 NW 35th St is zoned T5-L; any rezoning or redevelopment would require independent review and City approval.
The property is in Miami’s Allapattah neighborhood, near Wynwood, the Miami Health District, Downtown, SR-836, I-95, and Miami International Airport. An adjacent property at 765 NW 35th St is zoned T5-L; any rezoning or redevelopment would require independent review and City approval.
Key Highlights
- Five units across a 3,575‑square‑foot multifamily property
- Four 2BR/1BA units and one legal detached 2BR/2BA residence
- One unit is vacant; five separate electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,042
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,840
$1.3M
Cap Rate 7%
$943,457
$943.5K
Cap Rate 9%
$733,800
$733.8K
Market Conditions
NOI Build-Up for 3,575 SF
Gross rent
$128.7K $36.00/SF
− Vacancy
−$8.6K −$2.41/SF
EGI
$120.1K $33.59/SF
− OpEx
−$54.0K −$15.11/SF
NOI
$66.0K $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%
$1,320,840
Cap Rate 7%
$943,457
Cap Rate 9%
$733,800
Alternative Uses
Best Use
Apartment 5plus
$943.5K
$825.5K – $1.10M
NOI $66,042 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.41M
$2.11M – $2.82M
NOI $168,920 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,592
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - The property includes four two-bedroom apartments and a separate legal two-bedroom residence.
Where is this apartment building located?
The property is located at Miami, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Five units across a 3,575‑square‑foot multifamily property; Four 2BR/1BA units and one legal detached 2BR/2BA residence; One unit is vacant; five separate electric meters
