Multifamily Property in Little
For Sale
$2,390,000
1565 SW 6th St, Miami, FL 33135
Multifamily property with eight units in Little Havana.
Property Size4,712 SF
Price / SF$507.22
Days on Market304
Property Features for 1565 SW 6th St
General Information
Standard status
Active
Size
4,712 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Latin Quarter
Taxes and HOA fees
Annual Taxes
$20,380
Building Details
Building Size
4,712 SF
Year Built
1957
Listing Agency:
477 Group, LLC.
Listed By:
Constanza Profeta · License #3069977
(786) 857-8460
Source:
Relinkre
Added: Jan 5
Changed: Oct 31
Last Checked: Nov 3 at 12:52PM
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 477 Group, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is located in Little Havana and contains eight units. There are four one-bedroom, one-bathroom apartments and four studio units. The property offers potential for long-term and short-term rentals, including Airbnb. The property size is 4,712 square feet.
Key Highlights
- Multifamily property featuring 8 units, including 4 one‑bedroom, one‑bathroom and 4 studio units.
- Prime location in the heart of Little Havana.
- Excellent potential for both long‑term and short‑term (Airbnb) rentals.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,047
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,740,940
$1.7M
Cap Rate 7%
$1,243,529
$1.2M
Cap Rate 9%
$967,189
$967.2K
Market Conditions
NOI Build-Up for 4,712 SF
Gross rent
$169.6K $36.00/SF
− Vacancy
−$11.4K −$2.41/SF
EGI
$158.3K $33.59/SF
− OpEx
−$71.2K −$15.11/SF
NOI
$87.0K $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%
$1,740,940
Cap Rate 7%
$1,243,529
Cap Rate 9%
$967,189
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,047 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.18M
$2.78M – $3.71M
NOI $222,644 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,745
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with eight units in Little Havana.
Where is this apartment building located?
The property is located at 1565 SW 6th St Miami, FL.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: Multifamily property featuring 8 units, including 4 one‑bedroom, one‑bathroom and 4 studio units.; Prime location in the heart of Little Havana.; Excellent potential for both long‑term and short‑term (Airbnb) rentals.
