Spacious Duplex with Driveway
6228 NW 4th Ave Miami, FL 33150
For Sale
Contact for pricing
Duplex offers a 3BR/1BA unit and a 2BR/1BA unit, with private front entrance and driveway parking.
Property Size1,651 SF
Price / SF$387.64
Days on Market65
Property Features for 6228 NW 4th Ave
General Information
- Standard status
- Active
- Size
- 1,651 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1985
Listing Agency:
Unlimited Real Estate Corp.
(786) 200-3236
Listed By:
henny barreto · License #3205876
Source:
Crexi
Added: May 20
Changed: Jul 20
Last Checked: Jul 23 at 11:58AM
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 Unlimited Real Estate Corp.
Investment Insights
Based on property information with market context.
This spacious duplex includes two residential units configured as a 3BR/1BA and a 2BR/1BA. The property has a private front entrance and driveway parking, with a shared fenced yard between the units. A central air conditioning system has been recently replaced.
Located in Miami’s Little River/Edison area, the home is described as centrally positioned near Miami Edison Senior High and with convenient access to I-95 and major destinations including Wynwood, the Design District, and Midtown.
For practical day-to-day use, the duplex arrangement supports separate living spaces for each unit while maintaining shared outdoor space within the fenced yard.
Located in Miami’s Little River/Edison area, the home is described as centrally positioned near Miami Edison Senior High and with convenient access to I-95 and major destinations including Wynwood, the Design District, and Midtown.
For practical day-to-day use, the duplex arrangement supports separate living spaces for each unit while maintaining shared outdoor space within the fenced yard.
Key Highlights
- Duplex built in 1985 with two separate units: 3BR/1BA and 2BR/1BA
- Recently replaced A/C system
- Private front entrance and driveway parking
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 | $50.5k | $30.60 |
| − Vacancy | −$3.2k | −$1.95 |
| EGI | $47.3k | $28.65 |
| − OpEx | −$14.2k | −$8.60 |
| NOI | $33.1k | $20.06 |
1,651 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$473.0K
$413.9K – $551.9K
NOI $33,112 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$435.7K
$381.3K – $508.3K
NOI $30,500 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$1.11M
$975.1K – $1.30M
NOI $78,010 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offers a 3BR/1BA unit and a 2BR/1BA unit, with private front entrance and driveway parking.
Where is this duplex located?
The property is located at 6228 NW 4th Ave Miami, FL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Duplex built in 1985 with two separate units: 3BR/1BA and 2BR/1BA; Recently replaced A/C system; Private front entrance and driveway parking
