Turnkey Investment Property Near Miami
For Sale
$749,000
9210 NW 4th Ave, Miami, FL 33150
Turnkey duplex near Miami Shores with development potential.
Property Size2,109 SF
Price / SF$355.14
Days on Market307
Property Features for 9210 NW 4th Ave
General Information
Standard status
Active
Size
2,109 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,519
Building Details
Building Size
2,109 SF
Year Built
1936
Listing Agency:
LX Realty LLC
Listed By:
Aleksandar Ilic · License #3462037
(312) 933-7055
Source:
Silverleafrealtygroup
Added: Dec 22, 2025
Changed: Oct 24
Last Checked: Oct 25 at 12:56AM
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 LX Realty LLC
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Investment Insights
Based on property information with market context.
This turnkey investment property, located just outside Miami Shores and 10 minutes from the Design District, features two separate 2-bedroom, 1-bath units. The property is being sold fully furnished and is situated on an oversized corner lot that offers development potential. The location provides convenient access to shopping, dining, and parks. One of the units is currently rented long-term for $2,600 per month. The second unit is owner-occupied and has the potential to be rented for $3,000 per month. The property size is 2109 square feet.
Key Highlights
- Turnkey investment property with two separate 2‑bedroom, 1‑bath units.
- Fully furnished units ready for immediate rental income.
- Potential for $5,600/month total rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,297
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,940
$845.9K
Cap Rate 7%
$604,243
$604.2K
Cap Rate 9%
$469,967
$470.0K
Market Conditions
NOI Build-Up for 2,109 SF
Gross rent
$64.5K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$60.4K $28.65/SF
− OpEx
−$18.1K −$8.60/SF
NOI
$42.3K $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%
$845,940
Cap Rate 7%
$604,243
Cap Rate 9%
$469,967
Alternative Uses
Best Use
Multifamily LT 5
$604.2K
$528.7K – $705.0K
NOI $42,297 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$556.6K
$487.0K – $649.3K
NOI $38,960 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$1.42M
$1.25M – $1.66M
NOI $99,651 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,544
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex near Miami Shores with development potential.
Where is this duplex located?
The property is located at 9210 NW 4th Ave Miami, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Turnkey investment property with two separate 2‑bedroom, 1‑bath units.; Fully furnished units ready for immediate rental income.; Potential for $5,600/month total rental income.
