Renovated Quadplex with Impact
For Sale
$1,369,000
2247 SW 9th St, Miami, FL 33135
Updated electrical service and impact-rated windows and doors complement this four-unit property.
Property Size2,100 SF
Price / SF$651.90
Days on Market78
Property Features for 2247 SW 9th St
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Quadruplex
Additional Details
Gross Income
$106,800
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,916
Building Details
Building Size
2,100 SF
Year Built
1955
Buildings
1
Listing Agency:
Assured Investments Realty, LLC
Listed By:
Juan Santamaria · License #3308114
(305) 371-8459
Source:
Miamibrokersgroup
Added: Jul 28
Changed: Oct 5
Last Checked: Oct 11 at 12:16PM
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 Assured Investments Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1955, this renovated quadplex contains four residential units within 2,100 square feet. Improvements include upgraded electrical service, impact windows and doors, and a finalized 40 year inspection. The property combines two operating formats: Units 1 and 2 are furnished room-by-room through PadSplit, while Units 3 and 4 are conventional one-bedroom apartments on month-to-month terms.
The property is in Miami’s Little Havana, one block from Calle Ocho and along the SW 22nd Avenue corridor. Reported mobility scores include a 67 WalkScore, 52 TransitScore, and 48 BikeScore, providing context for access by foot, transit, and bicycle.
The property is in Miami’s Little Havana, one block from Calle Ocho and along the SW 22nd Avenue corridor. Reported mobility scores include a 67 WalkScore, 52 TransitScore, and 48 BikeScore, providing context for access by foot, transit, and bicycle.
Key Highlights
- Renovated 4‑unit quadplex totaling 2,100 square feet
- Built in 1955 with a finalized 40 year inspection
- Upgraded electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,117
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,340
$842.3K
Cap Rate 7%
$601,671
$601.7K
Cap Rate 9%
$467,967
$468.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$64.3K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$60.2K $28.65/SF
− OpEx
−$18.0K −$8.60/SF
NOI
$42.1K $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 Rate 5%
$842,340
Cap Rate 7%
$601,671
Cap Rate 9%
$467,967
Alternative Uses
Best Use
Multifamily LT 5
$601.7K
$526.5K – $702.0K
NOI $42,117 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$554.2K
$484.9K – $646.6K
NOI $38,794 @ 7.0% cap · market cap 2.83%
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.65M
NOI $99,226 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,267
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
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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?
Quadplex - Updated electrical service and impact-rated windows and doors complement this four-unit property.
Where is this quadplex located?
The property is located at 2247 SW 9th St Miami, FL.
What is the asking price?
The asking price for this property is $1,369,000.
What are key features of this property?
This property features: Renovated 4‑unit quadplex totaling 2,100 square feet; Built in 1955 with a finalized 40 year inspection; Upgraded electrical service
