Cash-Flowing Multifamily Property in
6326 Northwest 4th Avenue, Miami, FL 33150
Multifamily property in Little River neighborhood with income and upside.
Type:Multi-Family Income / Fourplex
Property size:
1,976 SFPrice / SF:
$301/SF- Added:
- May 14, 2026
- Days on Market:
- 18
- Last Refresh:
- May 15 at 10:17 pm
Property Features for 6326 Northwest 4th Avenue
General Information
- Standard status
- Active
- Size
- 1,976 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1929
Listing agent Michael McCourt License #3627878 (305) 635-3005
Listing office Global Investments Realty (305) 635-3005
Listing date May 14, 2026
Source Compass
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 Global Investments Realty
HighLights
- Cash‑flowing multifamily property with immediate income from three rented units.
- Potential for increased annual gross rent to $62,400 upon leasing the vacant unit.
- Located in the rapidly growing Little River neighborhood of Miami.
- Centrally located minutes from Wynwood, Little Haiti, Design District, and Midtown.
- Operating as a fourplex (non‑conforming) with one vacant unit offering value‑add potential.
- Legal triplex built in 1929 on a ±5,720 SF lot.
Overview
This multifamily property is located in the Little River neighborhood of Miami. The property is a legal triplex operating as a non-conforming fourplex. Three units are currently rented, and one is vacant. Unit 1 features 2 bedrooms and 1 bathroom and is rented for $1,500 per month. Unit 2 has 1 bedroom and 1 bathroom and is rented for $1,200 per month. Unit 3, also with 1 bedroom and 1 bathroom, is rented for $1,000 per month. Unit 4, which is currently vacant and requires light work, has 2 bedrooms and 1 bathroom. The total current annual gross rent is $44,400, with the potential to increase to $62,400 upon leasing the vacant unit. The property size is 1,976 square feet, and the lot size is approximately 5,720 square feet. The property is located minutes from Wynwood, Little Haiti, the Design District, and Midtown. This centrally located property provides income and long-term value. It is suitable for investors seeking cash flow with value-add potential.
Local 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 | $60.5k | $30.60 |
| − Vacancy | −$3.9k | −$1.95 |
| EGI | $56.6k | $28.65 |
| − OpEx | −$17.0k | −$8.60 |
| NOI | $39.6k | $20.06 |
1,976 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$566.1K
$495.4K – $660.5K
NOI $39,630 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$521.5K
$456.3K – $608.4K
NOI $36,503 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.56M
NOI $93,367 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.189079
- Latitude
- 25.855533
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Multifamily property in Little River neighborhood with income and upside.
Where is this quadplex located?
The property is located at 6326 Northwest 4th Avenue 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: Cash‑flowing multifamily property with immediate income from three rented units.; Potential for increased annual gross rent to $62,400 upon leasing the vacant unit.; Located in the rapidly growing Little River neighborhood of Miami.
