1346 NW 6th St Miami, FL 33125
Five-unit multifamily property near Marlin Stadium, Miami.
Property Features for 1346 NW 6th St
General Information
- Standard status
- Active
- Size
- 2,888 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1948
Listing office Florida Capital Realty
Listing date Sep 29, 2025
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- High income potential: Generates $8,350/month with all units rented.
- Prime location: Steps from the Marlin Stadium T‑5.
- Opportunity for increased income: 2 units will be available for rent soon.
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 | $104.0k | $36.00 |
| − Vacancy | −$7.0k | −$2.41 |
| EGI | $97.0k | $33.59 |
| − OpEx | −$43.7k | −$15.11 |
| NOI | $53.4k | $18.47 |
