Five-Unit Multifamily
For Sale
$2,600,000
840 SW 13th Ave, Miami, FL 33135
MULTI_FAMILY - Other - Miami, FL
Property Size4,097 SF
Price / SF$634.61
Days on Market54
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
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
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1921
Floors in Building
2
Flooring type
Wood, Hardwood, Tile
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: Jul 31
Last Checked: Aug 6 at 1:06AM
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.
Investment Insights
Based on property information with market context.
840 SW 13th Ave in Miami, FL 33135 is a T4-R zoned, income-producing five-unit multifamily property built in 1921. The property includes a large two-story main house with five bedrooms and two bathrooms, plus four additional apartments for a total of five income-producing units. The main house and one apartment are currently operated as Airbnb units with active short-term rental history, while the remaining apartments are rented month-to-month.
The home features central heating with electric (heating) and central air conditioning, with flooring that includes wood, hardwood, and tile. Public water and public sewer service are in place, and cable is available. The property is located in Little Havana near Calle 8, on Cuban Memorial Boulevard.
For investors, developers, or end users, this configuration offers a mix of short-term rental operations and month-to-month apartment income within a T4-R zoned multifamily setting.
The home features central heating with electric (heating) and central air conditioning, with flooring that includes wood, hardwood, and tile. Public water and public sewer service are in place, and cable is available. The property is located in Little Havana near Calle 8, on Cuban Memorial Boulevard.
For investors, developers, or end users, this configuration offers a mix of short-term rental operations and month-to-month apartment income within a T4-R zoned multifamily setting.
Key Highlights
- T4‑R zoned five‑unit multifamily property built in 1921
- Large two‑story main house with 5 bedrooms and 2 bathrooms
- Five total income‑producing units: 1 main house plus 4 additional apartments
Financial Insights For Apartment 5plus
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 | $147.5k | $36.00 |
| − Vacancy | −$9.9k | −$2.41 |
| EGI | $137.6k | $33.59 |
| − OpEx | −$61.9k | −$15.11 |
| NOI | $75.7k | $18.47 |
4,097 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - T4-R zoned five-unit multifamily building with central HVAC and public water and sewer.
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: T4‑R zoned five‑unit multifamily property built in 1921; Large two‑story main house with 5 bedrooms and 2 bathrooms; Five total income‑producing units: 1 main house plus 4 additional apartments
