Refurbished
New
For Sale
$1,000,000
4450 W Flagler St, Coral Gables, FL 33134
Fully occupied rental property with dedicated parking and recent exterior and site improvements.
Property Size2,103 SF
Price / SF$475.51
Days on Market5
Property Features for 4450 W Flagler St
General Information
Standard status
Active
Size
2,103 SF
Total Parking Spaces
8
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$69,600
Building Details
Tenancy
Multi
Listing Agency:
Luxe Properties
(786) 290-5479
Listed By:
Bryan Mizrahi · License #3438276
(786) 290-5479
Source:
Exprealty
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 12:54PM
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 Luxe Properties
Investment Insights
Based on property information with market context.
This 2,103-square-foot fourplex is fully occupied and includes four refurbished, well-maintained units. Each unit features multiple split A/C systems and two dedicated parking spaces, supporting practical residential operations. Recent capital improvements include new impact windows, fresh exterior paint, and a newly paved parking lot. The property has also been fully termite tented recently.
Located at 4450 W Flagler St in Coral Gables, the property combines updated building and site features with established tenancy. The four-unit configuration offers a straightforward multifamily asset with dedicated parking for each residence.
Located at 4450 W Flagler St in Coral Gables, the property combines updated building and site features with established tenancy. The four-unit configuration offers a straightforward multifamily asset with dedicated parking for each residence.
Key Highlights
- Fourplex with four fully occupied units
- 2,103‑square‑foot property with refurbished, well‑maintained units
- Each unit includes multiple split A/C systems
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 | $53.0k | $25.20 |
| − Vacancy | −$2.9k | −$1.39 |
| EGI | $50.1k | $23.81 |
| − OpEx | −$15.0k | −$7.14 |
| NOI | $35.1k | $16.67 |
2,103 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$500.8K
$438.2K – $584.3K
NOI $35,057 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$462.0K
$404.3K – $539.1K
NOI $32,343 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.07M
$933.6K – $1.24M
NOI $74,686 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,817
Businesses Nearby
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied rental property with dedicated parking and recent exterior and site improvements.
Where is this quadplex located?
The property is located at 4450 W Flagler St Coral Gables, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Fourplex with four fully occupied units; 2,103‑square‑foot property with refurbished, well‑maintained units; Each unit includes multiple split A/C systems
