Multifamily Building with On-Site
For Sale
$2,600,000
840 NW 4th St, Miami, FL 33128
For-sale multifamily property with 9 units, including 2-bedroom and townhouse-style 3-bedroom layouts, plus on-site parking.
Property Size8,312 SF
Lot Size0.34 Acres
Price / SF$312.80
Days on Market147
Property Features for 840 NW 4th St
General Information
Standard status
Active
Size
8,312 SF
Lot size
0.34 Acres
Property subtype
Income/MultiFamily
Additional Details
Multifamily Units
9
Amenities
on-site parking
Building Details
Building Size
8,312 SF
Year Built
1948
Construction
CBS
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Christopher Carbonell · License #3533720
(305) 961-1179
Source:
Allyandaj
Added: May 28
Changed: Oct 16
Last Checked: Oct 21 at 6:22AM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
840 NW 4th St is a well-kept multifamily property containing 9 total units. The unit mix includes six 2-bedroom/1-bath units and three townhouse-style 3-bedroom/2-bath units, providing a blend of apartment and townhouse-style living within one building.
The building is constructed with CBS and has had several recent improvements, including recently replaced modern windows, a recently replaced roof, and PVC plumbing. The property also includes on-site parking for all units.
This offering presents a straightforward existing income property configuration built around its established 9-unit footprint and recent capital improvements.
The building is constructed with CBS and has had several recent improvements, including recently replaced modern windows, a recently replaced roof, and PVC plumbing. The property also includes on-site parking for all units.
This offering presents a straightforward existing income property configuration built around its established 9-unit footprint and recent capital improvements.
Key Highlights
- Multifamily property built in 1948 with 9 total units
- Unit mix includes six 2‑bedroom/1‑bath units plus three townhouse‑style 3‑bedroom/2‑bath units
- CBS construction with recently replaced modern windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,551
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,071,020
$3.1M
Cap Rate 7%
$2,193,586
$2.2M
Cap Rate 9%
$1,706,122
$1.7M
Market Conditions
NOI Build-Up for 8,312 SF
Gross rent
$299.2K $36.00/SF
− Vacancy
−$20.0K −$2.41/SF
EGI
$279.2K $33.59/SF
− OpEx
−$125.6K −$15.11/SF
NOI
$153.6K $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 Rate 5%
$3,071,020
Cap Rate 7%
$2,193,586
Cap Rate 9%
$1,706,122
Alternative Uses
Best Use
Apartment 5plus
$2.19M
$1.92M – $2.56M
NOI $153,551 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.61M
$4.91M – $6.55M
NOI $392,746 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
3,175
Businesses Nearby
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Business Placement
Demographics for 33128, FL
8,213
Population
4,533
Households
1.8
Avg Household Size
41
Median Age
22%
College-Educated
66%
High-School Grad
0.4 sq mi
ZIP Area
20,533
Density / Sq Mi
$36,308
Median Household Income
$32,082
Median Earnings
$1,316
Median Rent
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - For-sale multifamily property with 9 units, including 2-bedroom and townhouse-style 3-bedroom layouts, plus on-site parking.
Where is this apartment building located?
The property is located at 840 NW 4th St Miami, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Multifamily property built in 1948 with 9 total units; Unit mix includes six 2‑bedroom/1‑bath units plus three townhouse‑style 3‑bedroom/2‑bath units; CBS construction with recently replaced modern windows
