Fourplex with Separate Rear
3431-3433 Southwest 4th Street Miami, FL 33135
For Sale
$1,249,000
Two-story four-unit property with central A/C, separate meters, and a shared coin laundry area.
Property Size3,429 SF
Price / SF$364.25
Days on Market80
Property Features for 3431-3433 Southwest 4th Street
General Information
- Standard status
- Active
- Size
- 3,429 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1937
Listing Agency:
Xcellence
(866) 595-6025
Listed By:
Milady Cernuda · License #0635090
(866) 595-6025
Source:
Compass
Added: May 5
Changed: Jul 23
Last Checked: Jul 23 at 4:08AM
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 Xcellence
Investment Insights
Based on property information with market context.
This fourplex consists of a two-story duplex configuration with two units (top and bottom) and a separate back building with two additional apartments. The top unit has been remodeled throughout. All units feature central A/C and separate meters, supporting independent utility management. A coin washer and dryer are located in a common area for tenant use.
The property is listed as being in an Opportunity Zone and offers a positive NOI. Showings are available after Monday, May 11, with 24 hours’ notice required. It is described as down the street from Versailles Restaurant, a few blocks from Coral Gables and near Tamiami Trail (8 Street) and Flagler St. Long-term tenants are in place and are reported to help maintain the units in good condition.
The property is listed as being in an Opportunity Zone and offers a positive NOI. Showings are available after Monday, May 11, with 24 hours’ notice required. It is described as down the street from Versailles Restaurant, a few blocks from Coral Gables and near Tamiami Trail (8 Street) and Flagler St. Long-term tenants are in place and are reported to help maintain the units in good condition.
Key Highlights
- 1937‑built two‑story duplex configured as a four‑unit property (top unit, bottom unit, plus two separate apartments in back structure)
- All units have central A/C and separate meters
- Coin washer and dryer in a shared common area for tenants
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 | $104.9k | $30.60 |
| − Vacancy | −$6.7k | −$1.95 |
| EGI | $98.2k | $28.65 |
| − OpEx | −$29.5k | −$8.60 |
| NOI | $68.8k | $20.06 |
3,429 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$982.4K
$859.6K – $1.15M
NOI $68,770 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$904.9K
$791.8K – $1.06M
NOI $63,345 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$2.31M
$2.03M – $2.70M
NOI $162,022 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Two-story four-unit property with central A/C, separate meters, and a shared coin laundry area.
Where is this quadplex located?
The property is located at 3431-3433 Southwest 4th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 1937‑built two‑story duplex configured as a four‑unit property (top unit, bottom unit, plus two separate apartments in back structure); All units have central A/C and separate meters; Coin washer and dryer in a shared common area for tenants
