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 Market260
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
Source:
Silverleafrealtygroup
Added: Dec 22, 2025
Changed: Sep 8
Last Checked: Sep 8 at 6:30AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,297
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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.
