Shenandoah Fourplex Investment
1736 Southwest 9th Street Miami, FL 33135
1736 Southwest 9th Street, Miami, FL, 33135
$1,795,000
For Sale
$1,795,000
Charming fourplex in vibrant location with income potential.
Property Size3,849 SF
Price / SF$466.35
Days on Market207
Property Features for 1736 Southwest 9th Street
General Information
- Standard status
- Active
- Size
- 3,849 SF
- Property subtype
- Residential Income / Fourplex
Building Details
- Year Built
- 1925
Listing agency
One Sotheby's International Realty
(305) 503-5275
Listed by
Nicole Exposito · License #3340939
(305) 503-5275
Source
Compass
Added: Dec 27, 2025 Updated: Jul 10 at 12:21PM Checked: Jul 22 at 7:44AM
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 One Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 1925 Old Spanish-style fourplex is located in the Shenandoah/Little Havana area. The property is a well-maintained, income-producing asset with no violations. It features four separate electric and water meters, a completed 40-year certification, renovated units, and a rentable garage. The property offers a projected total monthly rent of approximately $10,500, or $126,000 annually. The unit mix includes two 3/1 units, one 2/1 unit, and one 1/1 unit, with additional income from the garage. Located near Calle Ocho, tenants have walkable access to restaurants, cafés, and cultural landmarks. This multifamily investment is suitable for long-term ownership in a high-demand neighborhood. The property size is 3,849 square feet.
Key Highlights
- High Income Potential: Approximately $10,500 monthly from four units and garage.
- Prime Location: Steps from Calle Ocho in the desirable Shenandoah/Little Havana corridor.
- Turnkey Investment: Renovated units, solid tenancy, and rental upside already in place.
Local Financial Insights For Multifamily LT 5
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 | $117.8k | $30.60 |
| − Vacancy | −$7.5k | −$1.95 |
| EGI | $110.3k | $28.65 |
| − OpEx | −$33.1k | −$8.60 |
| NOI | $77.2k | $20.06 |
3,849 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$964.9K – $1.29M
NOI $77,194 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$1.02M
$888.8K – $1.19M
NOI $71,104 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$2.60M
$2.27M – $3.03M
NOI $181,867 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Charming fourplex in vibrant location with income potential.
Where is this quadplex located?
The property is located at 1736 Southwest 9th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: High Income Potential: Approximately $10,500 monthly from four units and garage.; Prime Location: Steps from Calle Ocho in the desirable Shenandoah/Little Havana corridor.; Turnkey Investment: Renovated units, solid tenancy, and rental upside already in place.
