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Five-Unit Residential Income Property

1346 NW 6th St Miami, FL 33125

1346 NW 6th St, Miami, FL, 33125
$1,400,000
For Sale
Claim this Listing
$1,400,000

MULTI_FAMILY - Other - Miami, FL

Property Size2,888 SF
Price / SF$484.76
AddedFeb 27
Days on Market139
Last RefreshJul 16 at 2:06 am

Property Features for 1346 NW 6th St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bathroom 4, Bathroom 1, Bathroom 5, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 3
Parking
5
Window features
Blinds
Standard status
Active
APN
01-41-02-005-6070
Size
2,888 SF

Taxes and HOA fees

Tax Year
2024
Tax Description
LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 7 BLK 39 LOT SIZE 7500 SQUARE FEET OR 20101-2779 11 2001 1 COC 23850-0512 11 2001 4
Tax Annual Amount
17965

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)

Building Details

Year built
1948
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Architectural style
Other

Listing agent Maritza Gonzalez License #3089949

Listing office Florida Capital Realty 8001 SW 24th St., MIAMI, FL

Listing date Feb 27, 2026

MLS# A11864674 Listing URL

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This five-unit residential income property consists of all similarly sized 1-bedroom, 1-bath units. Each unit has its own backyard and its own designated parking space, creating an easy-to-understand, consistent setup for tenants. The current remarks indicate the property generated $8,350 per month with all units rented, with two units having vacated this past week and expected to come on market within the next week. The remaining units are described as long-term tenant-occupied.

The property is located steps from Marlin Stadium T-5. The remarks further note an open area to the west with no neighboring properties on that side.

For buyers or operators seeking a straightforward small multifamily with uniform unit layouts, this asset offers five separate 1/1 homes with outdoor space and parking included per unit. The recent availability of two units may support leasing momentum after they are marketed, while long-term occupancy remains in place for the remaining units.

Key Highlights

  • 5‑unit multi‑family property steps from Marlin Stadium T‑5, generating $8,350/mo with all units currently rented
  • 2 units vacated this past week and are expected to go on market within the next week; other units have long‑term tenants
  • All units are the same layout: 1/1 units with their own backyard and their own parking space

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
2,888 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$762.2K
$666.9K – $889.2K (±1% cap)
NOI $53,351 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.27M (±1% cap)
NOI $136,459 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Butcher Carpet & Flooring Store Pet Grooming Service Restaurant (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Buffet Farmer's Market

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Five 1/1 units each with a private backyard and parking, positioned steps from Marlin Stadium T-5.
Where is this apartment building located?
The property is located at 1346 NW 6th St Miami, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5‑unit multi‑family property steps from Marlin Stadium T‑5, generating $8,350/mo with all units currently rented; 2 units vacated this past week and are expected to go on market within the next week; other units have long‑term tenants; All units are the same layout: 1/1 units with their own backyard and their own parking space
Contact an agent
More about this property
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