Renovated
6875 NW 4th Ave, Miami, FL 33150
For Sale
New
$1,299,000
Each residence has independent electric and water meters and a three-bedroom, two-bathroom layout.
Property Size2,564 SF
Price / SF$506.63
Days on Market2
Property Features for 6875 NW 4th Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Elite International Realty Inc
(305) 940-6611
Listed By:
Camilo Aristizabal · License FL #3094541
(786) 395-3813
Source:
Lubeckrealtygroup
Added: Nov 14
Changed: Nov 15
Last Checked: Nov 15 at 2:02AM
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 Elite International Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex, built in 1949, has been remodeled and contains two residences. Each unit offers three bedrooms, two full bathrooms and approximately 1,250 square feet. The property measures 2,564 square feet overall, and each unit has its own electric and water meter. It is identified as a legal duplex; public records are expected to reflect this when the certificate of occupancy is ready.
The property is in Miami’s Little Haiti/Little River District, near the Design District and Wynwood. Nearby development activity includes the planned Magic Innovation District and redevelopment projects by AJ Capital and Swerdlow. Sunny’s Steak House and other restaurants are also in the surrounding area.
The property is in Miami’s Little Haiti/Little River District, near the Design District and Wynwood. Nearby development activity includes the planned Magic Innovation District and redevelopment projects by AJ Capital and Swerdlow. Sunny’s Steak House and other restaurants are also in the surrounding area.
Key Highlights
- Two units, each with 3 bedrooms, 2 full bathrooms and approximately 1,250 square feet
- 2,564‑square‑foot property in the Little Haiti/Little River District
- Separate electrical and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,422
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,440
$1.0M
Cap Rate 7%
$734,600
$734.6K
Cap Rate 9%
$571,356
$571.4K
Market Conditions
NOI Build-Up for 2,564 SF
Gross rent
$78.5K $30.60/SF
− Vacancy
−$5.0K −$1.95/SF
EGI
$73.5K $28.65/SF
− OpEx
−$22.0K −$8.60/SF
NOI
$51.4K $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%
$1,028,440
Cap Rate 7%
$734,600
Cap Rate 9%
$571,356
Alternative Uses
Best Use
Multifamily LT 5
$734.6K
$642.8K – $857.0K
NOI $51,422 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$676.7K
$592.1K – $789.4K
NOI $47,366 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.02M
NOI $121,150 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,583
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
$377,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has independent electric and water meters and a three-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 6875 NW 4th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms, 2 full bathrooms and approximately 1,250 square feet; 2,564‑square‑foot property in the Little Haiti/Little River District; Separate electrical and water meters for each unit
