Five-Unit Residential Income
1346 NW 6th St Miami, FL 33125
1346 NW 6th St, Miami, FL, 33125
$1,400,000
For Sale
$1,400,000
MULTI_FAMILY - Other - Miami, FL
Property Size2,888 SF
Price / SF$484.76
Days on Market145
Property Features for 1346 NW 6th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 5
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 5, Bedroom 1
- Parking
- 5
- Window features
- Blinds
- Standard status
- Active
- APN
- 01-41-02-005-6070
- Size
- 2,888 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 7 BLK 39 LOT SIZE 7500 SQUARE FEET OR 20101-2779 11 2001 1 COC 23850-0512 11 2001 4
- Tax Annual Amount
- 17965
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1948
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Florida Capital Realty
(786) 953-5870
Listed by
Maritza Gonzalez · License #3089949
(786) 554-3505
Added: Feb 27 Updated: Jul 18 at 1:39AM Checked: Jul 22 at 1:06PM
MLS# A11864674
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 five-unit residential income property consists of all similarly sized 1-bedroom, 1-bath units. Each unit has its own backyard and its own designated parking space, creating an easy-to-understand, consistent setup for tenants. The current remarks indicate the property generated $8,350 per month with all units rented, with two units having vacated this past week and expected to come on market within the next week. The remaining units are described as long-term tenant-occupied.
The property is located steps from Marlin Stadium T-5. The remarks further note an open area to the west with no neighboring properties on that side.
For buyers or operators seeking a straightforward small multifamily with uniform unit layouts, this asset offers five separate 1/1 homes with outdoor space and parking included per unit. The recent availability of two units may support leasing momentum after they are marketed, while long-term occupancy remains in place for the remaining units.
The property is located steps from Marlin Stadium T-5. The remarks further note an open area to the west with no neighboring properties on that side.
For buyers or operators seeking a straightforward small multifamily with uniform unit layouts, this asset offers five separate 1/1 homes with outdoor space and parking included per unit. The recent availability of two units may support leasing momentum after they are marketed, while long-term occupancy remains in place for the remaining units.
Key Highlights
- 5‑unit property steps from Marlin Stadium T‑5, all units currently rented
- Generates $8,350/mo with all units rented; 2 units vacated this past week and will go on market soon
- All units are the same sized 1/1 layout, each with its own backyard and its own parking space
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.0k | $36.00 |
| − Vacancy | −$7.0k | −$2.41 |
| EGI | $97.0k | $33.59 |
| − OpEx | −$43.7k | −$15.11 |
| NOI | $53.4k | $18.47 |
2,888 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$762.2K
$666.9K – $889.2K
NOI $53,351 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.27M
NOI $136,459 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five 1/1 units each with a private backyard and parking, positioned steps from Marlin Stadium T-5.
Where is this apartment building located?
The property is located at 1346 NW 6th St Miami, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5‑unit property steps from Marlin Stadium T‑5, all units currently rented; Generates $8,350/mo with all units rented; 2 units vacated this past week and will go on market soon; All units are the same sized 1/1 layout, each with its own backyard and its own parking space
