Five-Unit Apartment
For Sale
$2,600,000
840 SW 13th Ave, Miami, FL 33135
Residential Income, Miami, FL
Property Size4,097 SF
Price / SF$634.61
Days on Market144
Property Features for 840 SW 13th Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3900
Parking
3
Subdivision
1ST WESTMORELAND ADDN
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-11-013-0390
Size
4,097 SF
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
FIRST WESTMORELAND ADD PB 3-33 LOT 5 BLK 3 LOT SIZE 60.000 X 130 OR 9353-84
Tax Annual Amount
14000
Legal Description
FIRST WESTMORELAND ADD PB 3-33 LOT 5 BLK 3 LOT SIZE 60.000 X 130 OR 9353-84
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1921
Floors in Building
2
Flooring type
Tile, Wood, Hardwood
Architectural style
Other
Listing Agency:
One Stop Shop Realty LLC
(786) 800-0610
Listed By:
Wendy Alvarez Sanchez · License #3635819
(305) 205-1124
Added: Jun 14
Changed: Oct 29
Last Checked: Nov 4 at 5:06PM
MLS# A12035121
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.
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Investment Insights
Based on property information with market context.
This 4,097-square-foot residential income property combines a two-story main house with four additional apartments, creating five income-producing units. The primary residence contains five bedrooms and two bathrooms. Wood, hardwood, and tile flooring are installed throughout, with central heating, electric heat, and central air conditioning. Public water and sewer serve the property, and cable is available.
The property is located at 840 SW 13th Ave in Miami’s Little Havana area, near Calle 8 and Cuban Memorial Boulevard. The surrounding central Miami location provides proximity to the Jackson Medical District, Downtown Miami, Brickell, Coconut Grove, Coral Gables, Key Biscayne, the Design District, and Miami Beach. The property is zoned T4-R. The main house and one apartment have an active short-term rental history, while the other apartments are rented month-to-month.
The property is located at 840 SW 13th Ave in Miami’s Little Havana area, near Calle 8 and Cuban Memorial Boulevard. The surrounding central Miami location provides proximity to the Jackson Medical District, Downtown Miami, Brickell, Coconut Grove, Coral Gables, Key Biscayne, the Design District, and Miami Beach. The property is zoned T4-R. The main house and one apartment have an active short-term rental history, while the other apartments are rented month-to-month.
Key Highlights
- 5 income‑producing units: a 2‑story 5BD/2BA main house plus 4 additional apartments
- 4,097 square feet of residential property
- T4‑R zoning
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,360
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - T4-R-zoned property with short-term and month-to-month rental use.
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: 5 income‑producing units: a 2‑story 5BD/2BA main house plus 4 additional apartments; 4,097 square feet of residential property; T4‑R zoning
