Turnkey Renovated Residential Income
4326 NW 4th St Miami, FL 33126
4326 NW 4th St, Miami, FL, 33126
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For Sale
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Fully renovated units with separate living areas, laundry hookups, and dedicated parking, all currently leased for gross income.
Property Size2,291 SF
Price / SF$408.12
Days on Market100
Property Features for 4326 NW 4th St
General Information
- Standard status
- Active
- Size
- 2,291 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1949
Listing agency
Keller Williams Realty SW
(954) 237-0400
Listed by
Jocelyn Falero · License #3387863
Source
Crexi
Added: Apr 14 Updated: Jul 22 at 8:04AM Checked: Jul 22 at 8:04AM
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 Keller Williams Realty SW
Investment Insights
Based on property information with market context.
This turnkey residential income property features fully renovated units completed in 2023. Interior improvements include quartz countertops, stainless steel appliances, updated bathrooms, LVP flooring, recessed lighting, and modern fixtures. Infrastructure updates were completed as well, including cast iron pipe lining, cloth wire removal, and new water heaters in every unit. The back unit includes impact doors and an insulated terrace ceiling, and each unit has its own laundry hookups.
The property is set on a quiet cul-de-sac and has a roof completed in 2010. It is in Flood Zone X and is connected to city sewer. All three units are currently leased, generating $7,750 per month in gross rent, with established rental history. Nearby access includes Kinloch Park Elementary and Middle School one block away, Presidente four blocks away, and Flagler and Le Jeune three blocks away, with Miami International Airport and Coral Gables approximately two miles from the property.
The property is set on a quiet cul-de-sac and has a roof completed in 2010. It is in Flood Zone X and is connected to city sewer. All three units are currently leased, generating $7,750 per month in gross rent, with established rental history. Nearby access includes Kinloch Park Elementary and Middle School one block away, Presidente four blocks away, and Flagler and Le Jeune three blocks away, with Miami International Airport and Coral Gables approximately two miles from the property.
Key Highlights
- Duplex built in 1949 with all three units fully renovated in 2023
- 2023 updates include quartz countertops, stainless steel appliances, updated bathrooms, LVP flooring, recessed lighting, and modern fixtures
- Separate living areas per unit plus individual laundry hookups
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 | $70.1k | $30.60 |
| − Vacancy | −$4.5k | −$1.95 |
| EGI | $65.6k | $28.65 |
| − OpEx | −$19.7k | −$8.60 |
| NOI | $45.9k | $20.06 |
2,291 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$656.4K
$574.3K – $765.8K
NOI $45,947 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$604.6K
$529.0K – $705.4K
NOI $42,323 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$1.55M
$1.35M – $1.80M
NOI $108,251 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully renovated units with separate living areas, laundry hookups, and dedicated parking, all currently leased for gross income.
Where is this triplex located?
The property is located at 4326 NW 4th St Miami, FL.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Duplex built in 1949 with all three units fully renovated in 2023; 2023 updates include quartz countertops, stainless steel appliances, updated bathrooms, LVP flooring, recessed lighting, and modern fixtures; Separate living areas per unit plus individual laundry hookups
