Fourplex Residential Income
450 SW 9th St Miami, FL 33130
450 SW 9th St, Miami, FL, 33130
$1,200,000
For Sale
Under Contract
$1,200,000
MULTI_FAMILY - Other - Miami, FL
Property Size4,484 SF
Price / SF$267.62
Days on Market34
Property Features for 450 SW 9th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 10
- Rooms
- Bedroom 4, Bedroom 8, Bedroom 1, Bathroom 4, Bathroom 5, Bedroom 7, Bedroom 6, Bedroom 10, Bathroom 3, Bathroom 6, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 9, Bedroom 3, Bedroom 2
- Parking
- 9
- Standard status
- Active Under Contract
- APN
- 01-02-06-070-1080
- Size
- 4,484 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CITY OF MIAMI SOUTH PB B-41 LOT 7 BLK 67 LOT SIZE 50.000 X 150 OR 20698-0546 09 2002 4
- Tax Annual Amount
- 16771
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 2
- Flooring type
- Terrazzo
- Building materials
- Block
- Roof type
- Concrete, Barrel
- Architectural style
- Other
Listing Agency
Douglas Elliman
(305) 695-6060
1515 Sunset Dr # 10, Palm Beach, FL
Listed by
Miguel Solis · License #0624178
(305) 343-9554
Added: Jun 18 Updated: Jul 18 at 1:37 am Checked: Jul 21 at 3:06 am
MLS# A12037648
Listing URL
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 custom-built fourplex offers solid concrete construction and a configuration well-suited to both owner-occupancy and rental income. The first-floor owner unit includes approximately 2,000 SF with four bedrooms and 2.5 bathrooms, along with formal living and dining rooms, a large family room, and an oversized eat-in kitchen. Original terrazzo flooring runs throughout the building, and the second floor is constructed entirely of concrete. Upstairs are three two-bedroom, one-bath units, each with expansive living and dining areas.
The property is located at 450 SW 9th St in Miami, within the West Brickell area just south of Calle Ocho. Access is supported by more than nine parking spaces available on-site, with the building positioned minutes from Brickell, Downtown Miami, Coral Gables, and major transportation corridors.
For tenants, this layout provides multiple separate residential units within a single asset. For buyers and operators, the combination of a larger ground-floor unit and three additional upstairs units can support a practical live-and-rent model. The property is offered for sale with private showings arranged through the listing agent, and tenants should not be disturbed.
The property is located at 450 SW 9th St in Miami, within the West Brickell area just south of Calle Ocho. Access is supported by more than nine parking spaces available on-site, with the building positioned minutes from Brickell, Downtown Miami, Coral Gables, and major transportation corridors.
For tenants, this layout provides multiple separate residential units within a single asset. For buyers and operators, the combination of a larger ground-floor unit and three additional upstairs units can support a practical live-and-rent model. The property is offered for sale with private showings arranged through the listing agent, and tenants should not be disturbed.
Key Highlights
- Fourplex custom‑built in 1975 with solid concrete construction and block exterior materials
- First‑floor owner’s unit offers approx. 2,000 SF with 4 bedrooms and 2.5 bathrooms
- Upstairs includes three 2‑bedroom, 1‑bath units with expansive living and dining areas
Local Financial Insights For Multifamily LT 5
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 | $137.2k | $30.60 |
| − Vacancy | −$8.7k | −$1.95 |
| EGI | $128.5k | $28.65 |
| − OpEx | −$38.5k | −$8.60 |
| NOI | $89.9k | $20.06 |
4,484 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,929 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$1.18M
$1.04M – $1.38M
NOI $82,835 @ 7.0% cap · market cap 6.90%
Theoretical Best
Specialty Retail
$3.03M
$2.65M – $3.53M
NOI $211,871 @ 7.0% cap · market cap 17.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Custom-built concrete fourplex with a large first-floor owner unit and three additional upstairs two-bedroom units.
Where is this quadplex located?
The property is located at 450 SW 9th St Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fourplex custom‑built in 1975 with solid concrete construction and block exterior materials; First‑floor owner’s unit offers approx. 2,000 SF with 4 bedrooms and 2.5 bathrooms; Upstairs includes three 2‑bedroom, 1‑bath units with expansive living and dining areas
