Refurbished Fourplex
4450 W Flagler St Miami, FL 33134
New
For Sale
$1,000,000
MULTI_FAMILY - Other - Miami, FL
Property Size2,103 SF
Price / SF$475.51
Days on Market1
Property Features for 4450 W Flagler St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Rooms
Bedroom 2, Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Parking
8
Standard status
Active
APN
01-41-05-028-0130
Size
2,103 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
AMENDED PLAT OF FLAGLER GROVE HEIGHTS PB 13-58 LOTS 13 & 14 BLK 1 LOT SIZE 50.000 X 115
Tax Annual Amount
10645
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Ceiling Fan(s)
Building Details
Year built
1955
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Luxe Properties
(305) 809-7650
Listed By:
Bryan Mizrahi · License #3438276
(786) 290-5479
Added: Jul 27
Last Checked: Jul 27 at 6:06PM
MLS# A12060255
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 fourplex offers four fully occupied units in a well-maintained income-producing setup. The property has been refurbished, and each unit includes multiple split A/C systems. The configuration also includes two dedicated parking spaces per unit.
Recent capital improvements include new impact windows, fresh exterior paint, a newly paved parking lot, and the property has been recently fully termite tented.
The asset is presented as a low-maintenance, turnkey residential income property. Please do not disturb tenants.
Recent capital improvements include new impact windows, fresh exterior paint, a newly paved parking lot, and the property has been recently fully termite tented.
The asset is presented as a low-maintenance, turnkey residential income property. Please do not disturb tenants.
Key Highlights
- Fully occupied fourplex generating $1,450/month per unit with reliable tenants in place
- Recent capital improvements include new impact windows, fresh exterior paint, newly paved parking lot, and full termite tenting
- Block construction with tile flooring and a shingle roof
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 | $64.4k | $30.60 |
| − Vacancy | −$4.1k | −$1.95 |
| EGI | $60.3k | $28.65 |
| − OpEx | −$18.1k | −$8.60 |
| NOI | $42.2k | $20.06 |
2,103 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$602.5K
$527.2K – $703.0K
NOI $42,177 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$555.0K
$485.6K – $647.5K
NOI $38,850 @ 7.0% cap · market cap 3.89%
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,368 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four fully occupied units with refurbished interiors, impact windows, and a newly paved parking lot.
Where is this quadplex located?
The property is located at 4450 W Flagler St Miami, 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: Fully occupied fourplex generating $1,450/month per unit with reliable tenants in place; Recent capital improvements include new impact windows, fresh exterior paint, newly paved parking lot, and full termite tenting; Block construction with tile flooring and a shingle roof
