Fourplex Income
9302 Northwest 4th Avenue Miami, FL 33150
For Sale
$1,800,000
Fourplex with four separate units and individual water and electrical meters for each unit.
Property Size6,938 SF
Price / SF$259.44
Days on Market138
Property Features for 9302 Northwest 4th Avenue
General Information
- Standard status
- Active
- Size
- 6,938 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 2006
Listing Agency:
Mega Int'l Realty
(786) 258-0112
Listed By:
Yves Gachette · License #3031780
(786) 258-0112
Source:
Compass
Added: Mar 9
Changed: Jul 23
Last Checked: Jul 24 at 12:21PM
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 Mega Int'l Realty
Investment Insights
Based on property information with market context.
This for-sale fourplex offers four independently metered units, with each unit having its own water and electrical meter. The unit mix includes two 3-bedroom, 2.5-bath residences and two 2-bedroom, 2-bath residences, providing multiple layouts within one building.
The property is located at 9302 Northwest 4th Avenue in Miami, about a block away from Miami Shores. The seller indicates they are willing to entertain all offers that make sense.
The building’s configuration supports consistent tenant-ready versatility, with the same metering approach across all four units. Each residence is set up for separate utility management, which can simplify operations for a new owner.
The property is located at 9302 Northwest 4th Avenue in Miami, about a block away from Miami Shores. The seller indicates they are willing to entertain all offers that make sense.
The building’s configuration supports consistent tenant-ready versatility, with the same metering approach across all four units. Each residence is set up for separate utility management, which can simplify operations for a new owner.
Key Highlights
- Fourplex built in 2006 with four separate units
- Each unit has its own water and electrical meter
- (2) units feature 3 bedrooms and 2.5 baths
Financial Insights For Multifamily LT 5
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 | $212.3k | $30.60 |
| − Vacancy | −$13.5k | −$1.95 |
| EGI | $198.8k | $28.65 |
| − OpEx | −$59.6k | −$8.60 |
| NOI | $139.1k | $20.06 |
6,938 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.99M
$1.74M – $2.32M
NOI $139,145 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$1.83M
$1.60M – $2.14M
NOI $128,168 @ 7.0% cap · market cap 7.12%
Theoretical Best
Specialty Retail
$4.68M
$4.10M – $5.46M
NOI $327,824 @ 7.0% cap · market cap 18.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fourplex with four separate units and individual water and electrical meters for each unit.
Where is this quadplex located?
The property is located at 9302 Northwest 4th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Fourplex built in 2006 with four separate units; Each unit has its own water and electrical meter; (2) units feature 3 bedrooms and 2.5 baths
