205 NW 159th St, Miami, FL 33169

Miami
Local realty services provided by:First Service Realty ERA Powered
205 NW 159th St,Miami, FL 33169
$2,190,000
Virtual Tour
  • - Beds
  • - Baths
  • 6,756 sq. ft.
  • Multi-family
  • Active
Listed by: benjamin kunzle
Office: fausto commercial realty consultants inc786-748-7373
MLS#:A12045641
Source:SEFMLS

Price summary

  • Price:$2,190,000
  • Price per sq. ft.:$324.16

About this home

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.

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Home facts

  • Year built:2024
  • Subdivision & Development:BISC GARDENS SEC B
  • Listing ID #:A12045641
  • Updated:August 12, 2026 at 09:55 AM

Rooms and interior

  • Flooring:Hardwood, Tile, Wood
  • Living area:6,756 sq. ft.

Heating and cooling

  • Cooling:Zoned
  • Heating:Electric

Structure and exterior

  • Roof:Shingle
  • Year built:2024
  • Building area:6,756 sq. ft.
  • Lot Features:Corner Lot
  • Architectural Style:Fourplex
  • Construction Materials:Block
  • Levels:2 Story

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,190,000
  • Price per sq. ft.:$324.16
  • Tax amount:$17,674 (2025)

Parking

  • Total parking spaces:8
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