5-Unit Multifamily
New
For Sale
$1,499,000
2120 SW 4th St, Miami, FL 33135
Five leased residences include in-unit kitchen appliances and shared coin-operated laundry.
Property Size4,736 SF
Days on Market4
Property Features for 2120 SW 4th St
General Information
Standard status
Active
Size
4,736 SF
Property subtype
Commercial
Building Details
Building Size
4,736 SF
Year Built
1992
Stories
2
Listed By:
Alicia Casanova
(305) 984-3055
Source:
Elliman
Added: Oct 4
Last Checked: Oct 7 at 12:55PM
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 Alicia Casanova
Investment Insights
Based on property information with market context.
This 5-unit multifamily property contains approximately 4,736 SF across a 6,900 SF lot. Built in 1992, the building is fully occupied, with current leases in place. Each residence has 2 bedrooms and 1 bathroom, plus a stove/oven and refrigerator/freezer. An on-site coin-operated washer and dryer serve the building.
The property is in Little Havana, near Downtown Miami and Brickell, with major roadways, shopping, dining, and public transportation also nearby. WalkScore is 67, TransitScore is 52, and BikeScore is 48.
The property is in Little Havana, near Downtown Miami and Brickell, with major roadways, shopping, dining, and public transportation also nearby. WalkScore is 67, TransitScore is 52, and BikeScore is 48.
Key Highlights
- Fully occupied 5‑unit building with current leases
- Each residence has 2 bedrooms and 1 bathroom
- Approximately 4,736 SF of building area on a 6,900 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,490
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,749,800
$1.7M
Cap Rate 7%
$1,249,857
$1.2M
Cap Rate 9%
$972,111
$972.1K
Market Conditions
NOI Build-Up for 4,736 SF
Gross rent
$170.5K $36.00/SF
− Vacancy
−$11.4K −$2.41/SF
EGI
$159.1K $33.59/SF
− OpEx
−$71.6K −$15.11/SF
NOI
$87.5K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,749,800
Cap Rate 7%
$1,249,857
Cap Rate 9%
$972,111
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,490 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.20M
$2.80M – $3.73M
NOI $223,778 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,642
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five leased residences include in-unit kitchen appliances and shared coin-operated laundry.
Where is this apartment building located?
The property is located at 2120 SW 4th St Miami, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Fully occupied 5‑unit building with current leases; Each residence has 2 bedrooms and 1 bathroom; Approximately 4,736 SF of building area on a 6,900 SF lot
