205 NW 159th Street, Miami, FL 33169 (MLS# A12045641)

205 NW 159th Street, Miami, FL 33169

$2,190,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12045641

Property Type: Residential Income Square Footage: 6,756 Status: Active

Current Price: $2,190,000 List Date: 6/28/2026 Last Modified: 7/02/2026

Overview

Description

Turnkey 2024-built fourplex in Biscayne Gardens, 100% leased to Section 8 tenants. Four spacious 4-bed/3-bath units on two floors, 6,756 SF on a 16,489 SF corner lot. Concrete-block, hurricane-resistant build with builder warranty in place; each unit separately metered, so tenants pay their own utilities. Steady, government-backed income of $180,888/year ($15,074/month) for a 7.13% cap at the $2,190,000 price. Built-in upside to a 7.49% cap: raise two units to the Section 8 rents the other two already collect. Minutes to I-95, the Florida Turnpike, Aventura, and Hard Rock Stadium, in a high-demand corridor with a voucher waitlist of 50,000+ households. Brand-new construction, immediate cash flow, and clear value-add. Excellent 1031 or core-plus buy.

Listing Details MLS# A12045641

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 6756
Living Area Main: 6756
Adjusted Area Main: 6029
Year Built: 2024
Parking Total: 8
Lot Size Dimensions: 16489
Stories Total: 2
Pool Private YN: No

Property Features

Documents Available: Other Available Information; Rent Rolls Flooring: Laminate; Tile; Wood Property Condition: Updated/Remodeled Structure Type: Multi Family Construction Materials: Block Cooling: Zoned Heating: Electric; Separate Meters Listing Terms: Cash; Conventional Lot Features: Corner Lot Possession: Close Of Escrow Roof: Shingle Sewer: Public Sewer Tax Information: City/County; Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking Unit 2 Parking Features: Open Parking Unit 3 Parking Features: Open Parking Unit 4 Parking Features: Open Parking Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 2190000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 205
Street Direction Prefix: NW
Street Name: 159th
Street Suffix: Street
City Name: Miami
Municipal Code: 30
State Or Province: FL
Postal Code: 33169
Postal Code +4: 6642
Postal Zip: 33169
Subdivision Name: BISC GARDENS SEC B
Area: 2210
Elementary School: Linda Lentin K-8
High School: North Miami
Parcel Number: 3021130010250
Subdivision Number: Yes
Zoning: 3700
Flood Zone: AE

Financial Information

Tax Annual Amount: 17674
Tax Year: 2025
Tax Legal Description: BISCAYNE GARDENS SEC B PB 40-49 LOT 421 LOT SIZE 16489 SQUARE FEET OR 19796-4430 07 2001 (2)
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-06-28T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-06-30

More Information

Income and Expenses

Gross Income: 180888
Net Operating Income: 156114
Total Expenses: 24774

Unit 1 Details

Actual Rent: 4034
Baths Full: 3
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1500

Unit 1 Lease Description

Lease Term: Month To Month

Unit 2 Details

Actual Rent: 3508
Baths Full: 3
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1500

Unit 2 Lease Description

Lease Term: Month To Month

Unit 3 Details

Actual Rent: 3901
Baths Full: 3
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1500

Unit 3 Lease Description

Lease Term: Month To Month

Unit 4 Details

Actual Rent: 363
Baths Full: 3
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1500

Unit 4 Lease Description

Lease Term: Month To Month

Price Calculations

Current Price To SqFt: 324.15

Section Details

Parcel Number MLX: 0250

Originating Details

Originating System Key: 519593491
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Laminate: Yes
Tile: Yes
Wood: Yes

Property Condition

Updated/Remodeled: Yes

Documents Available

Other Available Information: Yes
Rent Rolls: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Electric: Yes
Separate Meters: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes

Roof

Shingle: Yes

Cooling

Zoned: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes

Tax Information

City/County: Yes
Tax Reflects No Exemptions: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 2 Parking Features

Open Parking: Yes

Unit 3 Parking Features

Open Parking: Yes

Unit 4 Parking Features

Open Parking: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Documents

OM ›

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: July - 02 - 2026

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