Four-Unit Property with Rear
For Sale
$1,249,000
Pending
3431-3433 SW 4th St, Miami, FL 33135
Residential Income, Miami, FL
Property Size3,429 SF
Days on Market42
Property Features for 3431-3433 SW 4th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
8
Full bathrooms
6
Rooms
Bedroom 7, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 6, Bedroom 2, Bathroom 5, Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 8
Parking
8
Security features
Security
Patio and Porch features
Patio
Exterior features
Fence, Fruit Trees, Lighting, Patio, Shed, Storm/Security Shutters
Fencing
Fenced
Subdivision
KIRKLAND HEIGHTS AMD
Lot features
< 1/4 Acre
Standard status
Pending
APN
01-41-04-022-1500
Size
3,429 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
4 54 41 KIRKLAND HEIGHTS AMD PB 3-214 LOT 6 BLK 31 LOT SIZE 54.140 X 140 OR 19621-0764 04 2001 1
Tax Annual Amount
15456
Legal Description
4 54 41 KIRKLAND HEIGHTS AMD PB 3-214 LOT 6 BLK 31 LOT SIZE 54.140 X 140 OR 19621-0764 04 2001 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Wall/Window Unit(s), Ceiling Fan(s), Electric, Window Unit(s), Central Air
Water source
Public
Amenities
central A/C
coin laundry
Building Details
Year built
1937
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
Xcellence
(866) 595-6025
Listed By:
Milady Cernuda · License #0635090
(786) 486-6549
Added: Jul 18
Changed: Aug 26
Last Checked: Aug 28 at 11:06PM
MLS# A12007394
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,429-square-foot residential income property includes a two-story front building with one upper and one lower unit, plus a separate rear structure containing two apartments. The upper unit has been remodeled throughout. All four units have central air and individual meters, while a shared area provides coin-operated laundry equipment. Block construction, ceramic tile flooring, public water, and public sewer are also present. Exterior features include a fenced yard, patio, fruit trees, lighting, shed, and storm/security shutters.
The property is located at 3431-3433 SW 4th St in Miami, near Versailles Restaurant and a few blocks from Coral Gables, Tamiami Trail (8 Street), and Flagler St. The building dates to 1937 and includes public utilities and cable availability.
The property is located at 3431-3433 SW 4th St in Miami, near Versailles Restaurant and a few blocks from Coral Gables, Tamiami Trail (8 Street), and Flagler St. The building dates to 1937 and includes public utilities and cable availability.
Key Highlights
- 3,429‑square‑foot four‑unit property at 3431‑3433 SW 4th St, Miami, FL 33135
- Two‑story front building plus a separate rear structure with two apartments
- Upper unit remodeled throughout
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
$68,770
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
5.51%
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%
$1,375,400
$1.4M
Cap Rate 7%
$982,429
$982.4K
Cap Rate 9%
$764,111
$764.1K
Market Conditions
NOI Build-Up for 3,429 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
$104.9K $30.60/SF
− Vacancy
−$6.7K −$1.95/SF
EGI
$98.2K $28.65/SF
− OpEx
−$29.5K −$8.60/SF
NOI
$68.8K $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%
$1,375,400
Cap Rate 7%
$982,429
Cap Rate 9%
$764,111
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,906
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 - Two-story residential property with a remodeled upper unit, separate meters, central air, and shared coin laundry.
Where is this quadplex located?
The property is located at 3431-3433 SW 4th St 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: 3,429‑square‑foot four‑unit property at 3431‑3433 SW 4th St, Miami, FL 33135; Two‑story front building plus a separate rear structure with two apartments; Upper unit remodeled throughout
