205 NW 159th Street
Miami, FL 33169
16
Bed
12
Bath
6,756Sqft
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: Electric, SeparateMeters Has Cooling: Yes Cooling: Zoned
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Building Information
Year Built: 2024Building Area Total: 6756Construction Materials: BlockPrivate Pool: No
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Lot Information
Lot Dimensions: 16489 Lot Description: CornerLot,QuarterToHalfAcreLotProperty Information
Subdivision: BISC GARDENS SEC B Source Property Type: ResidentialIncome Postal Code Plus 4: 6642 Property SubType: Quadruplex Property Age: 2
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Listing Price Information
Listing Price: $2190000Cash, Conventional
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Tax Information
Parcel Number: 3021130010250 Tax Year: 2025 Annual Tax: $17674 Tax Legal Desc: BISCAYNE GARDENS SEC B PB 40-49 LOT 421 LOT SIZE 16489 SQUARE FEET OR 19796-4430 07 2001 (2)
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Parking Information
Parking Total: 8
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School Information
Elementary School: Linda Lentin K-8 Junior High School: Senior High School: North Miami -
Utility Information
CableAvailable -
Location Information
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 201 S Biscayne River Dr.., Miami, FL, 33169 | $980,000 | 5 | 4 | 2,461 | 2,461 SqFt |
| 36 NW 151st St, Miami, FL, 33169 | $725,000 | 5 | 3 | 2,625 | 2,625 SqFt |
| 151 NW 164th St, Miami, FL, 33169 | $1,250,000 | -- | -- | 3,185 | 3,185 SqFt |
| 663 S Biscayne River Dr.., Miami, FL, 33169 | $690,000 | 6 | 4 | 2,097 | 2,097 SqFt |
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ByOwner last updated this listing 07/08/2026 @ 18:58
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