Four-Unit Quadplex
3909 Garden Ave Miami Beach, FL 33140
3909 Garden Ave, Miami Beach, FL, 33140
$2,500,000
For Sale
$2,500,000
Completely redesigned four-unit property with 2-bedroom units featuring central AC and in-unit washers and dryers.
Property Size5,200 SF
Price / SF$480.77
Days on Market381
Property Features for 3909 Garden Ave
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1948
Listing agency
One Sotheby's International Realty
(786) 267-7320
Listed by
Brigitte Lina · License #3179748
(786) 267-7320
Source
Xome
Added: Jul 6, 2025 Updated: Jul 21 at 1:42AM Checked: Jul 21 at 3:54AM
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 One Sotheby's International Realty
Investment Insights
Based on property information with market context.
This completely redesigned four-unit quadplex offers spacious 2-bedroom apartments, each with an open kitchen, custom closets, central A/C, impact windows, and in-unit washers and dryers. The building is presented with top-of-the-line materials and contemporary finishes.
Located in Miami Beach in a desirable residential area surrounded by multimillion-dollar villas, the property is described as being close to restaurants, offices, and beaches. The remarks also note it is approximately 20 minutes from Miami International Airport and major highways.
All units are currently leased to qualified tenants, providing immediate income with the stability described in the offering.
Located in Miami Beach in a desirable residential area surrounded by multimillion-dollar villas, the property is described as being close to restaurants, offices, and beaches. The remarks also note it is approximately 20 minutes from Miami International Airport and major highways.
All units are currently leased to qualified tenants, providing immediate income with the stability described in the offering.
Key Highlights
- Four‑unit building with spacious 2‑bedroom apartments, each approximately 1,000 SF
- Each unit features central AC, open kitchens, custom closets, and impact windows
- In‑unit laundry: washers and dryers included in the apartments
Local 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 | $131.0k | $25.20 |
| − Vacancy | −$7.2k | −$1.39 |
| EGI | $123.8k | $23.81 |
| − OpEx | −$37.1k | −$7.14 |
| NOI | $86.7k | $16.67 |
5,200 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,683 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$1.14M
$999.7K – $1.33M
NOI $79,972 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,673 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Completely redesigned four-unit property with 2-bedroom units featuring central AC and in-unit washers and dryers.
Where is this quadplex located?
The property is located at 3909 Garden Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Four‑unit building with spacious 2‑bedroom apartments, each approximately 1,000 SF; Each unit features central AC, open kitchens, custom closets, and impact windows; In‑unit laundry: washers and dryers included in the apartments
