Block Duplex With Rear
New
For Sale
$799,000
4850 NW 6th St, Miami, FL 33126
Residential Income, Miami, FL
Property Size2,872 SF
Price / SF$278.20
Days on Market7
Property Features for 4850 NW 6th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 4, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2
Parking
6
Exterior features
Fruit Trees
Subdivision
JAY BOB SUB PART NO 2
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-06-071-0010
Size
2,872 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
JAY BOB SUB PART NO 2 PB 62-69 LOT 31 LOT SIZE 73.560 X 100 OR 13508-1526 1287 4
Tax Annual Amount
6923
Legal Description
JAY BOB SUB PART NO 2 PB 62-69 LOT 31 LOT SIZE 73.560 X 100 OR 13508-1526 1287 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Wall Furnace, Electric (Heating)
Cooling system
Central Air, Window Unit(s), Ceiling Fan(s), Electric, Wall/Window Unit(s)
Amenities
CBS storage
Building Details
Year built
1962
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Tile
Listing Agency:
Avanti Way Realty LLC
(305) 229-1146
Listed By:
Juan Hernandez PA · License #3323924
(305) 918-2682
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 7 at 8:06AM
MLS# A12081512
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 2,872-square-foot duplex was built in 1962 with block construction, a tile roof, and additional CBS storage at the rear. Interior finishes include laminate and tile flooring, while cooling features include central air, wall and window units, and ceiling fans. Heating is provided by electric systems, including central and wall-furnace options.
The property is located on NW 6th Street in Miami, near NW 7th Street and Miami International Airport. Major roadways, shopping, dining, and the NU soccer stadium are also identified in the surrounding area. Public sewer service is available, along with cable service, and fruit trees are present on the site.
The property is located on NW 6th Street in Miami, near NW 7th Street and Miami International Airport. Major roadways, shopping, dining, and the NU soccer stadium are also identified in the surrounding area. Public sewer service is available, along with cable service, and fruit trees are present on the site.
Key Highlights
- 2,872‑square‑foot duplex on NW 6th Street in Miami
- Built in 1962 with block construction and a tile roof
- Additional CBS storage located at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,600
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,152,000
$1.2M
Cap Rate 7%
$822,857
$822.9K
Cap Rate 9%
$640,000
$640.0K
Market Conditions
NOI Build-Up for 2,872 SF
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.
Gross rent
$87.9K $30.60/SF
− Vacancy
−$5.6K −$1.95/SF
EGI
$82.3K $28.65/SF
− OpEx
−$24.7K −$8.60/SF
NOI
$57.6K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,152,000
Cap Rate 7%
$822,857
Cap Rate 9%
$640,000
Alternative Uses
Best Use
Multifamily LT 5
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$757.9K
$663.2K – $884.3K
NOI $53,056 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,703 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,078
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential units include rear storage, public sewer service, and central air conditioning.
Where is this duplex located?
The property is located at 4850 NW 6th St Miami, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,872‑square‑foot duplex on NW 6th Street in Miami; Built in 1962 with block construction and a tile roof; Additional CBS storage located at the rear
