Fully Remodeled Multifamily
For Sale
$975,000
2900 SW 4th St, Miami, FL 33135
Fully remodeled duplex with impact windows and doors, updated interiors, new roof, and on-site parking.
Property Size1,897 SF
Days on Market206
Property Features for 2900 SW 4th St
General Information
Standard status
Active
Size
1,897 SF
Property subtype
Duplex
Additional Details
Cap Rate
5.9%
Taxes and HOA fees
Annual Taxes
$10,666
Amenities
in-unit washer and dryer
on-site parking
Building Details
Building Size
1,897 SF
Year Built
1925
Listing Agency:
RGI Realty
Listed By:
Roberta Ingletto · License #3247475
(305) 812-9048
Source:
Relinkre
Added: Feb 10
Changed: Sep 4
Last Checked: Aug 10 at 10:02AM
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 RGI Realty
Investment Insights
Based on property information with market context.
This fully remodeled duplex is configured as a residential income property with updated kitchens, new flooring, modern finishes, and a new roof. Improvements also include impact windows and doors. Two units feature in-unit washer and dryer for added convenience. Ample on-site parking supports day-to-day tenant needs.
The property is located at 2900 Southwest 4th Street in Miami, near Miami Dade College and Little Havana, which may support consistent rental demand.
The current monthly income is reported as $6,450, and the property is described as having an approximately 5.9% in-place cap rate with a low expense profile and minimal ongoing maintenance.
The property is located at 2900 Southwest 4th Street in Miami, near Miami Dade College and Little Havana, which may support consistent rental demand.
The current monthly income is reported as $6,450, and the property is described as having an approximately 5.9% in-place cap rate with a low expense profile and minimal ongoing maintenance.
Key Highlights
- $6,450 in current monthly income from this income‑producing multifamily property
- Approximately 5.9% in‑place cap rate with a low expense profile and minimal ongoing maintenance
- Fully remodeled duplex with updated kitchens, modern finishes, and new flooring
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
$38,045
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
3.90%
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%
$760,900
$760.9K
Cap Rate 7%
$543,500
$543.5K
Cap Rate 9%
$422,722
$422.7K
Market Conditions
NOI Build-Up for 1,897 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
$58.0K $30.60/SF
− Vacancy
−$3.7K −$1.95/SF
EGI
$54.4K $28.65/SF
− OpEx
−$16.3K −$8.60/SF
NOI
$38.0K $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%
$760,900
Cap Rate 7%
$543,500
Cap Rate 9%
$422,722
Alternative Uses
Best Use
Multifamily LT 5
$543.5K
$475.6K – $634.1K
NOI $38,045 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$500.6K
$438.1K – $584.1K
NOI $35,044 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,634 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,228
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?
Duplex - Fully remodeled duplex with impact windows and doors, updated interiors, new roof, and on-site parking.
Where is this duplex located?
The property is located at 2900 SW 4th St Miami, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: $6,450 in current monthly income from this income‑producing multifamily property; Approximately 5.9% in‑place cap rate with a low expense profile and minimal ongoing maintenance; Fully remodeled duplex with updated kitchens, modern finishes, and new flooring
