Four-Unit
New
For Sale
$750,000
Pending
2041 SW 4th Street, Miami, FL 33135
Income-producing residential property with individually metered utilities and a four-unit configuration.
Property Size2,481 SF
Days on Market3
Property Features for 2041 SW 4th Street
General Information
Standard status
Pending
Size
2,481 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
3900
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$73,800
Taxes and HOA fees
Annual Taxes
$8,565
Building Details
Building Size
2,481 SF
Year Built
1955
Stories
2
Listing Agency:
Real Estate Sales Force
Listed By:
Alejandro Alvarez Montero · License #3631925
(786) 834-7248
Source:
Laerrealty
Added: Sep 6
Last Checked: Sep 6 at 2:27PM
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 Real Estate Sales Force
Investment Insights
Based on property information with market context.
This 2,481-square-foot quadplex contains four residential units, each arranged with 1 bedroom and 1 bathroom. Built in 1955, the property is currently income-producing and uses separate electric and water meters for each residence, supporting independent utility tracking across the building.
The property is located at 2041 SW 4th Street in Miami’s Little Havana neighborhood, with access to Downtown Miami, Brickell, Coral Gables, major highways, dining, shopping, and public transportation. Zoning is identified as 3900.
The property is located at 2041 SW 4th Street in Miami’s Little Havana neighborhood, with access to Downtown Miami, Brickell, Coral Gables, major highways, dining, shopping, and public transportation. Zoning is identified as 3900.
Key Highlights
- Four‑unit property with four 1‑bedroom, 1‑bathroom residences
- 2,481 square feet of property size
- Separate electric and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,758
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$995,160
$995.2K
Cap Rate 7%
$710,829
$710.8K
Cap Rate 9%
$552,867
$552.9K
Market Conditions
NOI Build-Up for 2,481 SF
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.
Gross rent
$75.9K $30.60/SF
− Vacancy
−$4.8K −$1.95/SF
EGI
$71.1K $28.65/SF
− OpEx
−$21.3K −$8.60/SF
NOI
$49.8K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$995,160
Cap Rate 7%
$710,829
Cap Rate 9%
$552,867
Alternative Uses
Best Use
Multifamily LT 5
$710.8K
$622.0K – $829.3K
NOI $49,758 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$654.8K
$572.9K – $763.9K
NOI $45,833 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$1.67M
$1.47M – $1.95M
NOI $117,228 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,661
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with individually metered utilities and a four-unit configuration.
Where is this quadplex located?
The property is located at 2041 SW 4th Street Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit property with four 1‑bedroom, 1‑bathroom residences; 2,481 square feet of property size; Separate electric and water meters for each unit
