Multifamily Property with
New
For Sale
$595,000
6314 NW 4th Ave, Miami, FL 33150
Residential Income, Miami, FL
Property Size2,152 SF
Lot Size0.20 Acres
Price / SF$276.49
Days on Market3
Property Features for 6314 NW 4th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
4600
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4
Parking
6
Subdivision
GORDON DALE PK
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-13-036-0071
Size
2,152 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
13 53 41 GORDON DALE PARK SUB PB 16-33 N1/2 OF LOT 11 & ALL LOT 12 BLK 2 LOT SIZE 60.000 X 143 OR 18768-2733 08 1999 1
Tax Annual Amount
7615
Legal Description
13 53 41 GORDON DALE PARK SUB PB 16-33 N1/2 OF LOT 11 & ALL LOT 12 BLK 2 LOT SIZE 60.000 X 143 OR 18768-2733 08 1999 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1929
Floors in Building
1
Flooring type
Laminate
Roof type
Flat, Shingle
Listing Agency:
EXP Realty South LLC
(888) 883-8509
Listed By:
Romain Liberman · License #3542176
(786) 425-7774
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 5:06PM
MLS# A12093908
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 2,152-square-foot multifamily property dates to 1929 and sits on an 8,580-square-foot lot. Its stated configuration is a legal duplex with an additional efficiency; buyers are advised to verify unit configuration and permitted use. The property is being sold as-is, with cash-only terms. Interior features include laminate flooring and wall or window unit cooling. The roof is described as flat and shingle, with public sewer and cable availability.
The property has T5-R zoning and a multifamily land-use designation. Buyers should independently confirm zoning, allowable use, configuration, and other information material to a purchase.
The property has T5-R zoning and a multifamily land-use designation. Buyers should independently confirm zoning, allowable use, configuration, and other information material to a purchase.
Key Highlights
- 2,152 square feet of living area on an 8,580‑square‑foot lot
- Stated legal duplex configuration plus an additional efficiency
- T5‑R zoning and multifamily land use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,755
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,100
$795.1K
Cap Rate 7%
$567,929
$567.9K
Cap Rate 9%
$441,722
$441.7K
Market Conditions
NOI Build-Up for 2,152 SF
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.
Gross rent
$77.5K $36.00/SF
− Vacancy
−$5.2K −$2.41/SF
EGI
$72.3K $33.59/SF
− OpEx
−$32.5K −$15.11/SF
NOI
$39.8K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,100
Cap Rate 7%
$567,929
Cap Rate 9%
$441,722
Alternative Uses
Best Use
Apartment 5plus
$567.9K
$496.9K – $662.6K
NOI $39,755 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,683 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,814
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - T5-R zoning and multifamily land use accompany a 1929 property offered in as-is condition.
Where is this multifamily property located?
The property is located at 6314 NW 4th Ave Miami, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,152 square feet of living area on an 8,580‑square‑foot lot; Stated legal duplex configuration plus an additional efficiency; T5‑R zoning and multifamily land use
