9-Unit Multifamily
4340 NW 11th St Miami, FL 33126
For Sale
$2,750,000
Nine-unit multifamily built in 1968 with CBS construction, hurricane-resistant design, and on-site parking.
Property Size5,729 SF
Lot Size0.24 Acres
Price / SF$480.01
Days on Market556
Property Features for 4340 NW 11th St
General Information
- Standard status
- Active
- Size
- 5,729 SF
- Lot size
- 0.24 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1968
Listing Agency:
Fausto Commercial Realty Consultants Inc
(305) 340-8901
Listed By:
Mauricio Villasuso · License #3254982
(305) 340-8901
Source:
Xome
Added: Jan 13, 2025
Changed: Jul 21
Last Checked: Jul 22 at 3:35AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This 9-unit multifamily building was built in 1968 with durable CBS construction and is described as hurricane-resistant. The property sits on a 10,626 SF lot and is zoned T5-R, with on-site parking available. Each unit is configured with 1 bedroom and 1 bathroom, supporting straightforward operations and consistent unit layout across the building.
Located at 4340 NW 11th St in Miami, the property is positioned just south of Miami International Airport and the 836 Highway, with quick access to nearby attractions and essential destinations. The remarks also note that the building is minutes from Magic City Casino. In the surrounding area, Miami Freedom Park is anticipated to open in late 2025 and is described as including the Inter Miami CF stadium, a 58-acre public park with youth sports fields, and a mix of entertainment and commercial spaces.
Located at 4340 NW 11th St in Miami, the property is positioned just south of Miami International Airport and the 836 Highway, with quick access to nearby attractions and essential destinations. The remarks also note that the building is minutes from Magic City Casino. In the surrounding area, Miami Freedom Park is anticipated to open in late 2025 and is described as including the Inter Miami CF stadium, a 58-acre public park with youth sports fields, and a mix of entertainment and commercial spaces.
Key Highlights
- 9‑unit multifamily building built in 1968 with durable CBS construction
- Hurricane‑resistant design on a 10,626 SF lot zoned T5‑R
- Each unit offers a 1‑bedroom, 1‑bath layout
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 | $206.2k | $36.00 |
| − Vacancy | −$13.8k | −$2.41 |
| EGI | $192.4k | $33.59 |
| − OpEx | −$86.6k | −$15.11 |
| NOI | $105.8k | $18.47 |
5,729 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,834 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.87M
$3.38M – $4.51M
NOI $270,698 @ 7.0% cap · market cap 9.84%
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 - Nine-unit multifamily built in 1968 with CBS construction, hurricane-resistant design, and on-site parking.
Where is this apartment building located?
The property is located at 4340 NW 11th St Miami, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 9‑unit multifamily building built in 1968 with durable CBS construction; Hurricane‑resistant design on a 10,626 SF lot zoned T5‑R; Each unit offers a 1‑bedroom, 1‑bath layout
