T4-R Zoned Multifamily Income
For Sale
$2,600,000
840 SW 13th Ave, Miami, FL 33135
Five-unit multifamily property with a 2-story main house and four apartments, including active short-term rentals.
Property Size4,097 SF
Price / SF$634.61
Days on Market147
Property Features for 840 SW 13th Ave
General Information
Standard status
Active
Size
4,097 SF
Property subtype
Quadruplex
Zoning
T4-R
Site & Location
Neighborhood
Shenandoah North
Additional Details
Business Included
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$14,000
Building Details
Building Size
4,097 SF
Year Built
1921
Stories
2
Tenancy
Multi
Listing Agency:
One Stop Shop Realty LLC
Listed By:
Wendy Alvarez Sanchez · License #3635819
(305) 783-7911
Source:
Casacollectiongroup
Added: Jun 12
Changed: Oct 31
Last Checked: Nov 4 at 10:42PM
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 One Stop Shop Realty LLC
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Investment Insights
Based on property information with market context.
This for-sale income property is a beautifully maintained multifamily asset built in 1901. The configuration includes a large two-story main house with 5 bedrooms and 2 bathrooms, plus four additional apartments for a total of five income-producing units. The main house and one apartment currently operate as Airbnb units with active short-term rental history. The remaining apartments are rented month-to-month, providing ongoing monthly income. This property is T4-R zoned, with redevelopment potential noted as part of the offering.
Located in Little Havana on Cuban Memorial Boulevard, the building is described as being just steps from Calle 8. Mature coconut trees and historic Miami charm are referenced as contributing to the property’s character. The remarks also cite convenient access to nearby destinations including Jackson Medical District, Downtown Miami, Brickell, Coconut Grove, Coral Gables, Key Biscayne, the Design District, and Miami Beach.
The tenant mix and current operating setup may appeal to investors, developers, or end users seeking a maintained multifamily building that already supports both short-term and month-to-month occupancy. The listing notes that no financing is available and cash offers only are requested. Occupants should not be disturbed.
Located in Little Havana on Cuban Memorial Boulevard, the building is described as being just steps from Calle 8. Mature coconut trees and historic Miami charm are referenced as contributing to the property’s character. The remarks also cite convenient access to nearby destinations including Jackson Medical District, Downtown Miami, Brickell, Coconut Grove, Coral Gables, Key Biscayne, the Design District, and Miami Beach.
The tenant mix and current operating setup may appeal to investors, developers, or end users seeking a maintained multifamily building that already supports both short-term and month-to-month occupancy. The listing notes that no financing is available and cash offers only are requested. Occupants should not be disturbed.
Key Highlights
- Five‑unit multifamily property: 2‑story main house plus 4 additional apartments (5 income‑producing units total)
- Main house is 5BD/2BA and plus 4 additional apartments—offering a mix of living and income‑producing units
- Current short‑term rental use: main house and 1 apartment operate as Airbnb units with active short‑term rental history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,686
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,513,720
$1.5M
Cap Rate 7%
$1,081,229
$1.1M
Cap Rate 9%
$840,956
$841.0K
Market Conditions
NOI Build-Up for 4,097 SF
Gross rent
$147.5K $36.00/SF
− Vacancy
−$9.9K −$2.41/SF
EGI
$137.6K $33.59/SF
− OpEx
−$61.9K −$15.11/SF
NOI
$75.7K $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%
$1,513,720
Cap Rate 7%
$1,081,229
Cap Rate 9%
$840,956
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$946.1K – $1.26M
NOI $75,686 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,585 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,360
Businesses Nearby
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Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Miami, FL
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property with a 2-story main house and four apartments, including active short-term rentals.
Where is this apartment building located?
The property is located at 840 SW 13th Ave 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: Five‑unit multifamily property: 2‑story main house plus 4 additional apartments (5 income‑producing units total); Main house is 5BD/2BA and plus 4 additional apartments—offering a mix of living and income‑producing units; Current short‑term rental use: main house and 1 apartment operate as Airbnb units with active short‑term rental history
