Fourplex Residential Income
For Sale
$1,800,000
9302 NW 4th Ave, Miami, FL 33150
Fourplex offers four rental units with individual water and electrical meters.
Property Size6,938 SF
Price / SF$259.44
Days on Market233
Property Features for 9302 NW 4th Ave
General Information
Standard status
Active
Size
6,938 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$21,535
Building Details
Building Size
6,938 SF
Year Built
2006
Tenancy
Multi
Listing Agency:
Mega Int'l Realty
Listed By:
Yves Gachette · License #3031780
(786) 426-6377
Source:
Casacollectiongroup
Added: Mar 12
Changed: Oct 25
Last Checked: Oct 28 at 1:21PM
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
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Investment Insights
Based on property information with market context.
This fourplex residential income property includes four separate units. Two units are configured as 3-bedroom, 2.5-bath homes, and the other two units feature 2 bedrooms and 2 bathrooms.
The building is located about a block from Miami Shores. Each unit has its own water and electrical meter, supporting independent utility management for tenants.
The seller is offering terms for interested buyers, with an emphasis on entertaining offers that make sense.
The building is located about a block from Miami Shores. Each unit has its own water and electrical meter, supporting independent utility management for tenants.
The seller is offering terms for interested buyers, with an emphasis on entertaining offers that make sense.
Key Highlights
- Fourplex built in 2006 with four rental units
- Unit mix includes (2) 3‑bedroom/2.5‑bath units and (2) 2‑bedroom/2‑bath units
- Each unit has its own water and electrical meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,145
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,782,900
$2.8M
Cap Rate 7%
$1,987,786
$2.0M
Cap Rate 9%
$1,546,056
$1.5M
Market Conditions
NOI Build-Up for 6,938 SF
Gross rent
$212.3K $30.60/SF
− Vacancy
−$13.5K −$1.95/SF
EGI
$198.8K $28.65/SF
− OpEx
−$59.6K −$8.60/SF
NOI
$139.1K $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%
$2,782,900
Cap Rate 7%
$1,987,786
Cap Rate 9%
$1,546,056
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,371
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex offers four rental units with individual water and electrical meters.
Where is this quadplex located?
The property is located at 9302 NW 4th Ave 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 rental units; Unit mix includes (2) 3‑bedroom/2.5‑bath units and (2) 2‑bedroom/2‑bath units; Each unit has its own water and electrical meter
