8-Unit Multifamily
458 Southwest 9th Street Miami, FL 33130
For Sale
$2,700,000
Eight fully occupied apartments include five 2/1 units with private balconies and three 1/1 units.
Property Size6,891 SF
Price / SF$391.82
Days on Market1375
Property Features for 458 Southwest 9th Street
General Information
- Standard status
- Active
- Size
- 6,891 SF
- Property subtype
- Commercial/Industrial / Income/Multi Family
Building Details
- Year Built
- 1972
Listing Agency:
ESA Realty Inc
(786) 450-7571
Listed By:
Sebastian Golitz · License #3350096
(786) 450-7571
Source:
Compass
Added: Oct 18, 2022
Changed: Jul 20
Last Checked: Jul 23 at 7:34AM
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 ESA Realty Inc
Investment Insights
Based on property information with market context.
This centrally located 8-unit multifamily building includes five 2/1 apartments and three 1/1 apartments. All units are currently fully occupied. The 2/1 units feature private balconies, and the property also offers on-site community coin-operated laundry. On-site parking includes one assigned parking spot per unit, plus one guest parking spot and additional street parking.
The building is located in Southeast Little Havana, within walking distance to Brickell. It is also described as being close to supermarkets, restaurants, and public transportation.
Four of the units have been renovated, with rents noted as being close to market level. The property is completing its 40/50 year recertification process.
The building is located in Southeast Little Havana, within walking distance to Brickell. It is also described as being close to supermarkets, restaurants, and public transportation.
Four of the units have been renovated, with rents noted as being close to market level. The property is completing its 40/50 year recertification process.
Key Highlights
- 8‑unit multifamily building built in 1972 in Southeast Little Havana
- Fully occupied unit mix: five 2/1 units and three 1/1 units
- 2/1 units feature private balconies
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 | $248.1k | $36.00 |
| − Vacancy | −$16.6k | −$2.41 |
| EGI | $231.5k | $33.59 |
| − OpEx | −$104.2k | −$15.11 |
| NOI | $127.3k | $18.47 |
6,891 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,300 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.65M
$4.07M – $5.43M
NOI $325,603 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Eight fully occupied apartments include five 2/1 units with private balconies and three 1/1 units.
Where is this apartment building located?
The property is located at 458 Southwest 9th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 8‑unit multifamily building built in 1972 in Southeast Little Havana; Fully occupied unit mix: five 2/1 units and three 1/1 units; 2/1 units feature private balconies
