Multifamily Property in Little
For Sale
$1,850,000
1236 SW 4th St, Miami, FL 33135
Income-producing multifamily property with 8 units near Calle Ocho.
Property Size4,641 SF
Price / SF$398.62
Days on Market320
Property Features for 1236 SW 4th St
General Information
Standard status
Active
Size
4,641 SF
Building Details
Year Built
1923
Listing Agency:
Ugarit Realty
Listed By:
Domingo Antonio Hernandez · License #3155727
(305) 744-6930
Source:
Thepennteam
Added: Nov 27, 2025
Changed: Oct 7
Last Checked: Oct 11 at 1:29PM
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 Ugarit Realty
Investment Insights
Based on property information with market context.
This multifamily property features 8 fully rented units located in Little Havana, near Calle Ocho and minutes from Brickell, Downtown, and the Health District. The property is an income-producing asset with long-term tenants and additional laundry income. It features impact windows and a new roof. The location is walkable with consistent rental demand. The T5-0 zoning in Miami allows a range of uses including residential, commercial, entertainment, and lodging.
Key Highlights
- 8 fully rented units providing strong cash flow.
- Prime Little Havana location, steps from Calle Ocho and minutes from Brickell, Downtown, and the Health District.
- T5‑0 zoning allows for a wide range of uses including residential, commercial, entertainment, and lodging.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,735
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,714,700
$1.7M
Cap Rate 7%
$1,224,786
$1.2M
Cap Rate 9%
$952,611
$952.6K
Market Conditions
NOI Build-Up for 4,641 SF
Gross rent
$167.1K $36.00/SF
− Vacancy
−$11.2K −$2.41/SF
EGI
$155.9K $33.59/SF
− OpEx
−$70.1K −$15.11/SF
NOI
$85.7K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,714,700
Cap Rate 7%
$1,224,786
Cap Rate 9%
$952,611
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,735 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $219,289 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing multifamily property with 8 units near Calle Ocho.
Where is this apartment building located?
The property is located at 1236 SW 4th St Miami, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 8 fully rented units providing strong cash flow.; Prime Little Havana location, steps from Calle Ocho and minutes from Brickell, Downtown, and the Health District.; T5‑0 zoning allows for a wide range of uses including residential, commercial, entertainment, and lodging.
