Six-Unit Multifamily
1121 NW 4 Street Miami, FL 33128
1121 NW 4 Street, Miami, FL, 33128
$1,550,000
Pending
For Sale
$1,550,000
Pending
Six-unit multifamily building with two 2-bedroom units and four 1-bedroom units, all with central A/C.
Property Size4,436 SF
Days on Market44
Property Features for 1121 NW 4 Street
General Information
- Standard status
- Pending
- Size
- 4,436 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing agency
COLDWELL BANKER REALTY
Listed by
MARIA C MERUELO · License #A12020480
Source
Corcoran
Added: Jun 9 Updated: Jul 22 at 1:45AM Checked: Jul 22 at 10:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This spacious six-unit multifamily property is arranged with two 2-bedroom and one-bath residences and four 1-bedroom and one-bath residences. Each unit includes impact windows and doors, central A/C, and tile flooring throughout.
The property has completed its 40-year recertification. It is described as being in the heart of Little Havana, with convenient access to major highways and Downtown Miami.
As an income-focused asset, the building offers a mix of 1-bedroom and 2-bedroom layouts within a single property.
The property has completed its 40-year recertification. It is described as being in the heart of Little Havana, with convenient access to major highways and Downtown Miami.
As an income-focused asset, the building offers a mix of 1-bedroom and 2-bedroom layouts within a single property.
Key Highlights
- 6‑unit multifamily building built in 1971
- Unit mix: two 2 bed / 1 bath units and four 1 bed / 1 bath units
- All units feature impact windows and impact doors
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 | $159.7k | $36.00 |
| − Vacancy | −$10.7k | −$2.41 |
| EGI | $149.0k | $33.59 |
| − OpEx | −$67.0k | −$15.11 |
| NOI | $81.9k | $18.47 |
4,436 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.37M
NOI $81,948 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.99M
$2.62M – $3.49M
NOI $209,603 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily building with two 2-bedroom units and four 1-bedroom units, all with central A/C.
Where is this apartment building located?
The property is located at 1121 NW 4 Street Miami, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 6‑unit multifamily building built in 1971; Unit mix: two 2 bed / 1 bath units and four 1 bed / 1 bath units; All units feature impact windows and impact doors
