Fourplex with One-Bedroom
421 SW 9th Ave, Miami, FL 33130
For Sale
$1,200,000
Residential Income, Miami, FL
Property Size2,000 SF
Price / SF$600
Days on Market100
Property Features for 421 SW 9th Ave
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Lot features
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Advance Realty II · RE/MAX International
(305) 251-2127
Listed By:
Haraum Mellado · License FL #3355465
(305) 297-6223
Added: Aug 3
Changed: Nov 10
Last Checked: Nov 10 at 8:06PM
MLS# A12062350
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.
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Investment Insights
Based on property information with market context.
This 2,000-square-foot quadplex contains four tenant-occupied residential units, each arranged with one bedroom and one bathroom. Built in 1956, the property features block construction, tile flooring, shingle roofing, and wall furnace heating. Cooling is provided by wall/window and window units. Public water and public sewer serve the building, with cable available.
The property is located at 421 SW 9th Ave in Miami, Florida 33130, near downtown Miami, Coconut Grove, Miami River Landing, and major highways. Its central Miami-Dade setting places the building within an established urban environment. Tenant access is restricted during showings; do not disturb occupants.
The property is located at 421 SW 9th Ave in Miami, Florida 33130, near downtown Miami, Coconut Grove, Miami River Landing, and major highways. Its central Miami-Dade setting places the building within an established urban environment. Tenant access is restricted during showings; do not disturb occupants.
Key Highlights
- Four‑unit configuration with one bedroom and one bathroom per unit
- 2,000 square feet of building area
- Tenant‑occupied residential property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,111
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,220
$802.2K
Cap Rate 7%
$573,014
$573.0K
Cap Rate 9%
$445,678
$445.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$61.2K $30.60/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$57.3K $28.65/SF
− OpEx
−$17.2K −$8.60/SF
NOI
$40.1K $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%
$802,220
Cap Rate 7%
$573,014
Cap Rate 9%
$445,678
Alternative Uses
Best Use
Multifamily LT 5
$573.0K
$501.4K – $668.5K
NOI $40,111 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$527.8K
$461.8K – $615.8K
NOI $36,947 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,501 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,822
Businesses Nearby
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Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Miami, FL
Properties on Market for Quadplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied quadplex with tile flooring and public water and sewer service.
Where is this quadplex located?
The property is located at 421 SW 9th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit configuration with one bedroom and one bathroom per unit; 2,000 square feet of building area; Tenant‑occupied residential property
