Two-Unit Duplex with
6228 Northwest 4th Avenue Miami, FL 33150
For Sale
$640,000
Pending
Duplex features a 3-bedroom/1-bath and 2-bedroom/1-bath layout with private entry, driveway parking, and shared fenced yard.
Property Size1,639 SF
Days on Market74
Property Features for 6228 Northwest 4th Avenue
General Information
- Standard status
- Pending
- Size
- 1,639 SF
- Property subtype
- Multi-Family Income
Building Details
- Year Built
- 1985
Listing Agency:
Compass
(786) 587-6183
Listed By:
Jorge Andrade · License #3050246
(786) 587-6183
Source:
Compass
Added: May 12
Changed: Jul 21
Last Checked: Jul 23 at 11:08AM
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 Compass
Investment Insights
Based on property information with market context.
This duplex offers two residential units configured as a 3-bedroom/1-bath home and a 2-bedroom/1-bath home. Each unit has private front entrance access, with driveway parking provided on-site. The property also includes a shared fenced yard. A recently replaced A/C system is noted in the remarks.
The address is 6228 Northwest 4th Avenue in Miami, Florida, described as being in the Little River/Edison area. The public remarks indicate proximity to Miami Edison Senior High, I-95, Wynwood, the Design District, and Midtown.
From an operational standpoint, the property’s clear two-unit setup—paired with parking and outdoor shared yard space—supports straightforward income-oriented use.
The address is 6228 Northwest 4th Avenue in Miami, Florida, described as being in the Little River/Edison area. The public remarks indicate proximity to Miami Edison Senior High, I-95, Wynwood, the Design District, and Midtown.
From an operational standpoint, the property’s clear two-unit setup—paired with parking and outdoor shared yard space—supports straightforward income-oriented use.
Key Highlights
- Duplex built in 1985 with two units: a 3‑bedroom/1‑bath and a 2‑bedroom/1‑bath layout
- Recently replaced A/C system
- Each unit has a private front entrance
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 | $50.2k | $30.60 |
| − Vacancy | −$3.2k | −$1.95 |
| EGI | $47.0k | $28.65 |
| − OpEx | −$14.1k | −$8.60 |
| NOI | $32.9k | $20.06 |
1,639 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.6K
$410.9K – $547.9K
NOI $32,871 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$432.5K
$378.5K – $504.6K
NOI $30,278 @ 7.0% cap · market cap 4.73%
Theoretical Best
Specialty Retail
$1.11M
$968.0K – $1.29M
NOI $77,443 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex features a 3-bedroom/1-bath and 2-bedroom/1-bath layout with private entry, driveway parking, and shared fenced yard.
Where is this duplex located?
The property is located at 6228 Northwest 4th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Duplex built in 1985 with two units: a 3‑bedroom/1‑bath and a 2‑bedroom/1‑bath layout; Recently replaced A/C system; Each unit has a private front entrance
