Building Details

Year built 1925

Floors in Building 2

Architectural style Other

Listing Agency: Re/Max Destination Realty Show Phone

Listed By: Joey Fumero-Manso · License #279646883 Show Phone

Added: Oct 25, 2025 Changed: Oct 10 Last Checked: Oct 20 at 5:06PM

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MLS# 2025017041

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. 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 multifamily building contains six residential units totaling 4,608 SF of living space. The configuration includes five 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. Built in 1925, the property has undergone substantial recent improvements, including updated A/C units and mini-splits in 2023 and roof replacement in 2024 with permit documentation.

The property is situated in Little Havana in Miami-Dade County, with a Miami, FL 33130 address. Its 0.13-acre site supports the six-unit residential configuration. A completed 40-Year Recertification in 2025 adds a documented compliance milestone for the building.

Key Highlights

• Six‑unit multifamily building with 4,608 SF of living space
• Unit mix includes five 2‑Bed/1‑Bath units and one 3‑Bed/1‑Bath unit
• 40‑Year Recertification completed in 2025

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$85,125

Cap Rate

3.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,702,500 $1.7M

Cap Rate 7%

$1,216,071 $1.2M

Cap Rate 9%

$945,833 $945.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,608 SF

Gross rent

$165.9K $36.00/SF

− Vacancy

−$11.1K −$2.41/SF

EGI

$154.8K $33.59/SF

− OpEx

−$69.6K −$15.11/SF

NOI

$85.1K $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%

$1,702,500

Cap Rate 7%

$1,216,071

Cap Rate 9%

$945,833

Alternative Uses

Best Use

Apartment 5plus

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,125 @ 7.0% cap · market cap 3.87%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.11M

$2.72M – $3.63M (±1% cap)

NOI $217,730 @ 7.0% cap · market cap 9.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

4,512

Businesses Nearby

Explore this area Business Placement

Demographics for 33130, FL

35,609

Population

20,377

Households

1.7

Avg Household Size

36

Median Age

42%

College-Educated

81%

High-School Grad

1.1 sq mi

ZIP Area

32,372

Density / Sq Mi

$57,933

Median Household Income

$36,888

Median Earnings

$1,656

Median Rent

$479,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Updated multifamily property with a varied unit mix and completed 40-Year Recertification.

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 $2,200,000.

What are key features of this property?

This property features: Six‑unit multifamily building with 4,608 SF of living space; Unit mix includes five 2‑Bed/1‑Bath units and one 3‑Bed/1‑Bath unit; 40‑Year Recertification completed in 2025