Triplex With Rear
For Sale
$799,000
4850 NW 6th Street, Miami, FL 33126
Three-unit residential income property with supplemental CBS storage and flexible occupancy potential in Miami.
Property Size3,296 SF
Price / SF$278.20
Days on Market49
Property Features for 4850 NW 6th Street
General Information
Standard status
Active
Size
3,296 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
5700
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,923
Building Details
Building Size
3,296 SF
Year Built
1962
Stories
1
Listing Agency:
Avanti Way Realty LLC
Listed By:
Juan C Hernandez · License #3323924
(305) 918-2682
Source:
Laerrealty
Added: Sep 2
Changed: Oct 1
Last Checked: Oct 20 at 5:53PM
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 Avanti Way Realty LLC
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Investment Insights
Based on property information with market context.
This 2,872-square-foot triplex was built in 1962 and includes three residential units: one larger residence with three bedrooms and two bathrooms, plus two one-bedroom, one-bath units. Additional CBS storage is located at the rear of the property. Zoning is identified as 5700.
The property is located at 4850 NW 6th Street in Miami, Florida, near NW 7th Street and within minutes of Miami International Airport. Major roadways, shopping, dining, and the NU soccer stadium are also identified in the surrounding area. The three-unit configuration supports multifamily occupancy, multigenerational living, or an owner-occupant arrangement with rental income from additional units.
The property is located at 4850 NW 6th Street in Miami, Florida, near NW 7th Street and within minutes of Miami International Airport. Major roadways, shopping, dining, and the NU soccer stadium are also identified in the surrounding area. The three-unit configuration supports multifamily occupancy, multigenerational living, or an owner-occupant arrangement with rental income from additional units.
Key Highlights
- Three‑unit property with one 3‑bedroom, 2‑bath residence and two 1‑bedroom, 1‑bath units
- 2,872 square feet of residential improvements
- Rear CBS storage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,600
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,000
$1.2M
Cap Rate 7%
$822,857
$822.9K
Cap Rate 9%
$640,000
$640.0K
Market Conditions
NOI Build-Up for 2,872 SF
Gross rent
$87.9K $30.60/SF
− Vacancy
−$5.6K −$1.95/SF
EGI
$82.3K $28.65/SF
− OpEx
−$24.7K −$8.60/SF
NOI
$57.6K $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%
$1,152,000
Cap Rate 7%
$822,857
Cap Rate 9%
$640,000
Alternative Uses
Best Use
Multifamily LT 5
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$757.9K
$663.2K – $884.3K
NOI $53,056 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,703 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,078
Businesses Nearby
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Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with supplemental CBS storage and flexible occupancy potential in Miami.
Where is this triplex located?
The property is located at 4850 NW 6th Street Miami, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three‑unit property with one 3‑bedroom, 2‑bath residence and two 1‑bedroom, 1‑bath units; 2,872 square feet of residential improvements; Rear CBS storage included
